Clear Harbor Asset Management LLC Takes Position in California Water Service Group $CWT

Posted by Brenda Bartman on Aug 23rd, 2026

Clear Harbor Asset Management LLC purchased a new stake in California Water Service Group (NYSE:CWT – Free Report) during the second quarter, HoldingsChannel reports. The institutional investor purchased 49,211 shares of the utilities provider’s stock, valued at approximately $2,394,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in California Water Service Group during the 2nd quarter worth approximately $523,255,000. Vanguard Group Inc. boosted its position in California Water Service Group by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 7,346,457 shares of the utilities provider’s stock valued at $318,322,000 after buying an additional 34,155 shares in the last quarter. Amundi boosted its position in California Water Service Group by 26.7% in the first quarter. Amundi now owns 3,470,997 shares of the utilities provider’s stock valued at $157,421,000 after buying an additional 732,004 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in California Water Service Group by 1.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,337,205 shares of the utilities provider’s stock valued at $144,602,000 after buying an additional 36,296 shares in the last quarter. Finally, Nuance Investments LLC grew its stake in shares of California Water Service Group by 3.5% during the fourth quarter. Nuance Investments LLC now owns 1,825,390 shares of the utilities provider’s stock worth $79,094,000 after buying an additional 60,931 shares during the last quarter. 82.78% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Thomas M. Krummel sold 3,700 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $50.37, for a total value of $186,369.00. Following the completion of the sale, the director directly owned 20,104 shares in the company, valued at $1,012,638.48. This represents a 15.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lester A. Snow sold 1,100 shares of California Water Service Group stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $44.00, for a total value of $48,400.00. Following the transaction, the director directly owned 18,316 shares in the company, valued at $805,904. The trade was a 5.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.78% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Seaport Research Partners reiterated a “buy” rating and set a $53.00 price target on shares of California Water Service Group in a report on Wednesday, August 12th. Wall Street Zen raised California Water Service Group from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Robert W. Baird set a $54.00 price objective on California Water Service Group in a research report on Friday, May 1st. Finally, Weiss Ratings raised California Water Service Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, California Water Service Group currently has an average rating of “Hold” and an average price target of $54.00.

View Our Latest Stock Analysis on California Water Service Group

California Water Service Group Stock Down 0.8%

NYSE:CWT opened at $49.62 on Friday. The firm’s 50 day simple moving average is $49.36 and its 200 day simple moving average is $46.52. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.70 and a quick ratio of 0.67. California Water Service Group has a one year low of $41.29 and a one year high of $53.82. The company has a market cap of $3.07 billion, a PE ratio of 22.35, a P/E/G ratio of 1.76 and a beta of 0.50.

California Water Service Group (NYSE:CWT – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.13. California Water Service Group had a net margin of 12.63% and a return on equity of 7.74%. The firm had revenue of $308.60 million during the quarter, compared to analysts’ expectations of $283.50 million. During the same period in the prior year, the company posted $0.71 EPS. The company’s revenue was up 16.5% on a year-over-year basis. On average, research analysts anticipate that California Water Service Group will post 2.57 earnings per share for the current year.

California Water Service Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Monday, August 10th were paid a $0.335 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.34 annualized dividend and a dividend yield of 2.7%. California Water Service Group’s payout ratio is currently 60.36%.

About California Water Service Group

(Free Report)

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.