NN Investment Partners Holdings N.V. Sells 3,900 Shares of California Water Service Group Holding (CWT)

NN Investment Partners Holdings N.V. decreased its stake in shares of California Water Service Group Holding (NYSE:CWT) by 20.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,387 shares of the utilities provider’s stock after selling 3,900 shares during the period. NN Investment Partners Holdings N.V.’s holdings in California Water Service Group Holding were worth $566,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CWT. Russell Investments Group Ltd. acquired a new position in shares of California Water Service Group Holding during the fourth quarter worth about $129,000. Norges Bank bought a new stake in shares of California Water Service Group Holding during the fourth quarter worth $4,779,000. Teachers Advisors LLC raised its stake in shares of California Water Service Group Holding by 2.7% in the fourth quarter. Teachers Advisors LLC now owns 79,515 shares of the utilities provider’s stock worth $2,696,000 after buying an additional 2,070 shares during the period. Creative Planning raised its stake in California Water Service Group Holding by 1.3% in the first quarter. Creative Planning now owns 9,903 shares of the utilities provider’s stock valued at $355,000 after buying an additional 131 shares during the last quarter. Finally, Gierl Augustine Investment Management Inc raised its stake in California Water Service Group Holding by 0.3% in the first quarter. Gierl Augustine Investment Management Inc now owns 2,909 shares of the utilities provider’s stock valued at $104,000 after buying an additional 8 shares during the last quarter. 68.45% of the stock is owned by institutional investors.

Shares of California Water Service Group Holding (NYSE:CWT) opened at 37.90 on Friday. The firm has a 50-day moving average of $37.74 and a 200-day moving average of $35.98. The firm has a market cap of $1.82 billion, a P/E ratio of 31.58 and a beta of 0.69. California Water Service Group Holding has a 12-month low of $29.25 and a 12-month high of $39.65.

California Water Service Group Holding (NYSE:CWT) last announced its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.08. California Water Service Group Holding had a net margin of 9.17% and a return on equity of 8.78%. The business had revenue of $171.10 million for the quarter, compared to the consensus estimate of $162.23 million. During the same quarter last year, the company posted $0.24 earnings per share. California Water Service Group Holding’s quarterly revenue was up 12.3% on a year-over-year basis. On average, equities analysts forecast that California Water Service Group Holding will post $1.31 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Monday, August 7th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.72 dividend on an annualized basis and a yield of 1.90%. California Water Service Group Holding’s dividend payout ratio is currently 60.00%.

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Several research firms have commented on CWT. Zacks Investment Research raised shares of California Water Service Group Holding from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Friday, July 28th. BidaskClub downgraded shares of California Water Service Group Holding from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Gabelli downgraded shares of California Water Service Group Holding from a “buy” rating to a “hold” rating in a research report on Friday, April 28th. Finally, US Capital Advisors reiterated a “hold” rating on shares of California Water Service Group Holding in a research report on Monday, July 17th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $34.40.

In other California Water Service Group Holding news, VP David B. Healey sold 1,000 shares of California Water Service Group Holding stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $35.90, for a total transaction of $35,900.00. Following the sale, the vice president now owns 13,574 shares in the company, valued at $487,306.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by insiders.

California Water Service Group Holding Company Profile

California Water Service Group is a holding company. The Company operates through the supply and distribution of water and providing water-related utility services segment. The Company, through its subsidiaries, provides non-regulated services and non-regulated services to private companies and municipalities.

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

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