Tower Research Capital LLC TRC Acquires 6,718 Shares of California Water Service Group (NYSE:CWT)
Tower Research Capital LLC TRC lifted its holdings in California Water Service Group (NYSE:CWT - Get Rating) by 345.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,661 shares of the utilities provider's stock after acquiring an additional 6,718 shares during the period. Tower Research Capital LLC TRC's holdings in California Water Service Group were worth $457,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. Barclays PLC raised its position in California Water Service Group by 37.6% during the third quarter. Barclays PLC now owns 23,385 shares of the utilities provider's stock valued at $1,232,000 after purchasing an additional 6,396 shares during the period. Maryland State Retirement & Pension System lifted its position in California Water Service Group by 1.9% in the third quarter. Maryland State Retirement & Pension System now owns 22,194 shares of the utilities provider's stock worth $1,169,000 after buying an additional 404 shares during the last quarter. Texas Permanent School Fund lifted its position in California Water Service Group by 4.2% in the second quarter. Texas Permanent School Fund now owns 38,866 shares of the utilities provider's stock worth $2,159,000 after buying an additional 1,569 shares during the last quarter. Willow Creek Wealth Management Inc. purchased a new position in California Water Service Group during the second quarter worth $838,000. Finally, Bridge City Capital LLC increased its position in California Water Service Group by 3.5% during the third quarter. Bridge City Capital LLC now owns 26,102 shares of the utilities provider's stock valued at $1,375,000 after acquiring an additional 879 shares during the last quarter. Institutional investors own 79.01% of the company's stock.
California Water Service Group Trading Down 0.7 %
Shares of CWT opened at $58.64 on Friday. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 39.62 and a beta of 0.48. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.05 and a quick ratio of 1.02. California Water Service Group has a 1-year low of $48.46 and a 1-year high of $66.12. The company has a 50-day moving average of $61.28 and a 200 day moving average of $60.21.
California Water Service Group Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, February 17th. Stockholders of record on Monday, February 6th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Friday, February 3rd. This is an increase from California Water Service Group's previous quarterly dividend of $0.25. California Water Service Group's payout ratio is currently 70.27%.
Analyst Ratings Changes
Several equities analysts recently commented on CWT shares. Wells Fargo & Company upped their price target on shares of California Water Service Group to $63.00 in a report on Wednesday, December 14th. UBS Group started coverage on California Water Service Group in a report on Wednesday, November 30th. They issued a "neutral" rating and a $67.00 price target on the stock. Finally, StockNews.com upgraded California Water Service Group from a "sell" rating to a "hold" rating in a report on Monday, October 31st.
Insider Activity at California Water Service Group
In other California Water Service Group news, Director Thomas M. Krummel sold 469 shares of California Water Service Group stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $64.89, for a total transaction of $30,433.41. Following the completion of the sale, the director now directly owns 28,636 shares of the company's stock, valued at approximately $1,858,190.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other California Water Service Group news, Director Thomas M. Krummel sold 1,529 shares of the company's stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $62.92, for a total transaction of $96,204.68. Following the completion of the sale, the director now owns 29,105 shares in the company, valued at $1,831,286.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Thomas M. Krummel sold 469 shares of California Water Service Group stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $64.89, for a total value of $30,433.41. Following the completion of the transaction, the director now owns 28,636 shares in the company, valued at $1,858,190.04. The disclosure for this sale can be found here. 0.97% of the stock is owned by company insiders.
California Water Service Group Profile
(Get Rating)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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