Mitsubishi UFJ Trust & Banking Corp Has $210,000 Stake in California Water Service Group Holding (CWT)

Mitsubishi UFJ Trust & Banking Corp trimmed its stake in shares of California Water Service Group Holding (NYSE:CWT) by 1.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,695 shares of the utilities provider’s stock after selling 91 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in California Water Service Group Holding were worth $210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the company. Accurate Investment Solutions Inc. raised its position in shares of California Water Service Group Holding by 0.3% during the second quarter. Accurate Investment Solutions Inc. now owns 2,917 shares of the utilities provider’s stock worth $107,000 after acquiring an additional 8 shares during the last quarter. Creative Planning raised its position in shares of California Water Service Group Holding by 0.4% during the second quarter. Creative Planning now owns 9,946 shares of the utilities provider’s stock worth $366,000 after acquiring an additional 43 shares during the last quarter. TD Asset Management Inc. raised its position in shares of California Water Service Group Holding by 0.4% during the first quarter. TD Asset Management Inc. now owns 37,747 shares of the utilities provider’s stock worth $1,353,000 after acquiring an additional 157 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of California Water Service Group Holding by 1.7% during the first quarter. Municipal Employees Retirement System of Michigan now owns 10,960 shares of the utilities provider’s stock worth $393,000 after acquiring an additional 180 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of California Water Service Group Holding by 5.2% during the first quarter. PNC Financial Services Group Inc. now owns 4,575 shares of the utilities provider’s stock worth $164,000 after acquiring an additional 225 shares during the last quarter. Institutional investors own 68.73% of the company’s stock.

Shares of California Water Service Group Holding (NYSE:CWT) opened at 37.70 on Monday. The company has a market capitalization of $1.81 billion, a P/E ratio of 31.42 and a beta of 0.70. The firm has a 50-day moving average price of $37.84 and a 200-day moving average price of $36.37. California Water Service Group Holding has a one year low of $29.25 and a one year high of $39.65.

California Water Service Group Holding (NYSE:CWT) last released its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.08. The business had revenue of $171.10 million during the quarter, compared to analyst estimates of $162.23 million. California Water Service Group Holding had a return on equity of 8.78% and a net margin of 9.17%. California Water Service Group Holding’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.24 EPS. Equities analysts forecast that California Water Service Group Holding will post $1.31 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Monday, August 7th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Thursday, August 3rd. California Water Service Group Holding’s payout ratio is 60.00%.

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CWT has been the subject of a number of analyst reports. Zacks Investment Research upgraded California Water Service Group Holding from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Friday, July 28th. Robert W. Baird restated a “hold” rating and set a $35.00 price objective on shares of California Water Service Group Holding in a research report on Sunday, September 3rd. BidaskClub downgraded California Water Service Group Holding from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Finally, US Capital Advisors restated 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. California Water Service Group Holding currently has an average rating of “Hold” and an average price target of $34.80.

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.

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

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