California Water Service Group (NYSE:CWT) Shares Purchased by Meeder Asset Management Inc.

Meeder Asset Management Inc. boosted its stake in California Water Service Group (NYSE:CWT) by 27.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,319 shares of the utilities provider’s stock after acquiring an additional 284 shares during the quarter. Meeder Asset Management Inc.’s holdings in California Water Service Group were worth $73,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in CWT. Bbva USA purchased a new position in California Water Service Group in the 2nd quarter valued at $64,000. Allworth Financial LP lifted its holdings in California Water Service Group by 640.6% in the 2nd quarter. Allworth Financial LP now owns 1,607 shares of the utilities provider’s stock valued at $89,000 after purchasing an additional 1,390 shares in the last quarter. Stonebridge Capital Advisors LLC purchased a new position in California Water Service Group in the 1st quarter valued at $120,000. Kelly Lawrence W & Associates Inc. CA purchased a new position in California Water Service Group in the 1st quarter valued at $141,000. Finally, Stephens Inc. AR purchased a new position in California Water Service Group in the 1st quarter valued at $222,000. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Lester A. Snow sold 700 shares of California Water Service Group stock in a transaction on Thursday, August 12th. The stock was sold at an average price of $63.50, for a total transaction of $44,450.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Lynne P. Mcghee sold 746 shares of California Water Service Group stock in a transaction on Wednesday, August 4th. The stock was sold at an average price of $64.00, for a total value of $47,744.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,696 shares of company stock worth $108,474. Insiders own 0.96% of the company’s stock.

Shares of CWT stock opened at $61.04 on Wednesday. The stock’s fifty day moving average is $62.41 and its two-hundred day moving average is $58.73. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.82 and a current ratio of 0.84. The firm has a market capitalization of $3.10 billion, a P/E ratio of 20.76 and a beta of 0.13. California Water Service Group has a fifty-two week low of $41.19 and a fifty-two week high of $65.99.

California Water Service Group (NYSE:CWT) last announced its quarterly earnings data on Thursday, July 29th. The utilities provider reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.38. The company had revenue of $213.12 million for the quarter, compared to analyst estimates of $187.00 million. California Water Service Group had a return on equity of 15.71% and a net margin of 17.22%. On average, equities analysts forecast that California Water Service Group will post 1.79 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 20th. Stockholders of record on Monday, August 9th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, August 6th. This represents a $0.92 annualized dividend and a dividend yield of 1.51%. California Water Service Group’s dividend payout ratio is presently 46.70%.

California Water Service Group Profile

California Water Service Group is a holding company, which engages in provision of water utility and other related services in California, Washington, New Mexico, and Hawaii through its wholly-owned subsidiaries. The firm is involved in the production, purchase, storage, treatment, testing, distribution and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection.

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Institutional Ownership by Quarter for California Water Service Group (NYSE:CWT)

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