GSA Capital Partners LLP Acquires Shares of 17,924 California Water Service Group $CWT

GSA Capital Partners LLP purchased a new position in California Water Service Group (NYSE:CWT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,924 shares of the utilities provider’s stock, valued at approximately $823,000.

Several other large investors also recently bought and sold shares of the business. Farther Finance Advisors LLC raised its holdings in California Water Service Group by 3,318.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 547 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 531 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in California Water Service Group by 109.9% during the second quarter. EverSource Wealth Advisors LLC now owns 697 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 365 shares during the period. Whittier Trust Co. acquired a new position in California Water Service Group in the 2nd quarter valued at about $36,000. Hantz Financial Services Inc. grew its stake in shares of California Water Service Group by 291.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 880 shares of the utilities provider’s stock valued at $40,000 after buying an additional 655 shares during the period. Finally, Mather Group LLC. acquired a new stake in shares of California Water Service Group during the 3rd quarter worth approximately $70,000. Hedge funds and other institutional investors own 82.78% of the company’s stock.

California Water Service Group Trading Down 1.1%

CWT opened at $45.68 on Friday. California Water Service Group has a 52 week low of $41.29 and a 52 week high of $51.63. The company has a quick ratio of 0.52, a current ratio of 0.55 and a debt-to-equity ratio of 0.65. The business has a fifty day simple moving average of $44.36 and a 200-day simple moving average of $45.55. The firm has a market cap of $2.72 billion, a P/E ratio of 19.95, a P/E/G ratio of 2.08 and a beta of 0.64.

California Water Service Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Monday, February 9th were paid a $0.335 dividend. This represents a $1.34 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Monday, February 9th. This is a boost from California Water Service Group’s previous quarterly dividend of $0.30. California Water Service Group’s dividend payout ratio (DPR) is 58.52%.

Analysts Set New Price Targets

A number of research firms recently commented on CWT. Robert W. Baird set a $55.00 price objective on California Water Service Group in a report on Friday, October 31st. Weiss Ratings restated a “hold (c)” rating on shares of California Water Service Group in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $55.00.

California Water Service Group Profile

California Water Service Group (NYSE: CWT) is a publicly traded holding company that provides regulated water utility services through its subsidiaries. The company delivers safe, reliable drinking water and wastewater management to residential, commercial, industrial and municipal customers across California, Hawaii and New Mexico. Its principal operating units include California Water Service, New Mexico Water Service and Hawaii Water Service, each responsible for end‐to‐end water supply operations—from source development and treatment to distribution and customer service.

Founded in 1926 as the California Water Service Company, the group has grown to become one of the largest investor‐owned water utilities in the United States by customer count.