California Water Service Group Holding (NYSE:CWT) is expected to pay $0.17 on Nov 18, 2016. The indicated annual dividend is $0.69. Shareholders owning the stock before Nov 3, 2016 will be eligible to receive the payout. Based on California Water Service Group Holding’s current price of $31.00, the dividend is 0.55%. This dividend’s record date is Nov 7, 2016 and the announcement date is Oct 27, 2016. The stock closed at $31 during the last session. It is down 16.02% since March 31, 2016 and is uptrending. It has outperformed by 13.49% the S&P500.
California Water Service Group is a holding firm that provides water utility and other related services in California, Washington, New Mexico and Hawaii through its subsidiaries. The company has a market cap of $1.52 billion. It operates through supply and distribution of water, and providing water-related utility services segment. It has a 35.34 P/E ratio. The Company’s business comprises the production, purchase, storage, treatment, testing, distribution and sale of water for domestic, industrial, public and irrigation uses, and for fire protection.
Insitutional Activity: The institutional sentiment decreased to 0.99 in Q2 2016. Its down 0.40, from 1.39 in 2016Q1. The ratio fall, as 22 funds sold all California Water Service Group shares owned while 51 reduced positions. 17 funds bought stakes while 55 increased positions. They now own 33.77 million shares or 0.87% more from 33.48 million shares in 2016Q1.
The Manitoba – Canada-based Great West Life Assurance Can has invested 0% in California Water Service Group (NYSE:CWT). Shelton Cap Mgmt accumulated 0.04% or 13,700 shares. New York State Teachers Retirement owns 34,931 shares or 0% of their US portfolio. Fifth Third Bank has 1,000 shares for 0% of their US portfolio. Bluestein R H has 0.02% invested in the company for 6,000 shares. Gamco Et Al holds 16,000 shares or 0% of its portfolio. Fdx Inc last reported 0.01% of its portfolio in the stock. Commercial Bank Of New York Mellon Corp holds 0.01% of its portfolio in California Water Service Group (NYSE:CWT) for 1.05 million shares. The Quebec – Canada-based Hexavest has invested 0% in California Water Service Group (NYSE:CWT). Dimensional Fund Advsrs Limited Partnership holds 0.03% or 1.60M shares in its portfolio. M&T Comml Bank has invested 0% of its portfolio in California Water Service Group (NYSE:CWT). Guggenheim Capital Ltd Limited Liability Company accumulated 0.02% or 196,877 shares. The New York-based D E Shaw Company has invested 0% in California Water Service Group (NYSE:CWT). American Natl Company Tx accumulated 0.06% or 27,200 shares. Dalton Greiner Hartman Maher And Communications accumulated 1.34% or 619,973 shares.
Insider Transactions: Since May 5, 2016, the stock had 6 insider buys, and 2 sales for $44,658 net activity. Shares for $95 were bought by VERA GEORGE A. Another trade for 849 shares valued at $24,354 was made by Luu Michael B on Thursday, May 5. Healey David B sold $28,612 worth of California Water Service Group (NYSE:CWT) on Thursday, May 12. $16,610 worth of California Water Service Group (NYSE:CWT) was sold by Treloar Timothy D on Monday, June 13.
California Water Service Group (NYSE:CWT) Ratings Coverage
Out of 5 analysts covering California Water Service (NYSE:CWT), 1 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 20% are positive. California Water Service has been the topic of 7 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The rating was downgraded by Janney Capital to “Neutral” on Tuesday, April 19. The rating was initiated by Barclays Capital on Monday, April 4 with “Equal-Weight”. The company was upgraded on Monday, August 3 by Hilliard Lyons. Robert W. Baird downgraded California Water Service Group (NYSE:CWT) on Friday, February 26 to “Neutral” rating. On Tuesday, September 6 the stock rating was maintained by Barclays Capital with “Equal Weight”. On Friday, October 14 the stock rating was initiated by Robert W. Baird with “Neutral”. The stock of California Water Service Group (NYSE:CWT) earned “Hold” rating by Gabelli on Monday, March 7.
More news for California Water Service Group (NYSE:CWT) were recently published by: Pennenergy.com, which released: “California Water Service Group Awards $60000 in Scholarships to Students in …” on October 31, 2016. Pennenergy.com‘s article titled: “California Water Service Group Named Great Place to Work(R) in 2016” and published on October 03, 2016 is yet another important article.
CWT Company Profile
California Water Service Group, incorporated on August 2, 1999, is a holding company. The Firm operates through supply and distribution of water, and providing water-related utility services segment. The Company, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico and Hawaii. The Company’s subsidiaries include California Water Service Company (Cal Water), New Mexico Water Service Company (New Mexico Water), Washington Water Service Company (Washington Water), Hawaii Water Service Company, Inc. (Hawaii Water), and CWS Utility Services and HWS Utility Services LLC (collectively, Utility Services). Cal Water, New Mexico Water, Washington Water and Hawaii Water are regulated public utilities. The regulated utility entities also provide some non-regulated services. Utility Services provides non-regulated services to private companies and municipalities.
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