Could California Water Service Group (CWT) Change Direction After Making All Time High?

Investors sentiment decreased to 1.52 in 2019 Q1. Its down 0.30, from 1.82 in 2018Q4. It dropped, as 14 investors sold California Water Service Group shares while 48 reduced holdings. 26 funds opened positions while 68 raised stakes. 35.20 million shares or 1.10% less from 35.59 million shares in 2018Q4 were reported.
Arizona State Retirement has 0.05% invested in California Water Service Group (NYSE:CWT). Principal Fincl Group Incorporated stated it has 0.02% of its portfolio in California Water Service Group (NYSE:CWT). 397,708 were accumulated by Bank Of America Corp De. Loudon Inv Mngmt Ltd Liability reported 15,120 shares. Teton Advsrs owns 0.13% invested in California Water Service Group (NYSE:CWT) for 24,800 shares. California State Teachers Retirement reported 0.01% stake. 3.02 million were accumulated by Price T Rowe Assocs Md. Teachers Retirement System Of The State Of Kentucky reported 0.01% stake. Btr Mgmt stated it has 0.04% of its portfolio in California Water Service Group (NYSE:CWT). Mercer Capital Advisers has invested 0.04% in California Water Service Group (NYSE:CWT). Moreover, Mitsubishi Ufj Bk has 0% invested in California Water Service Group (NYSE:CWT). Cornerstone Advisors reported 28 shares. Van Eck Associate, a New York-based fund reported 1,051 shares. 387,456 are owned by Ameriprise Finance. Louisiana State Employees Retirement Sys has 0.05% invested in California Water Service Group (NYSE:CWT).

The stock of California Water Service Group (NYSE:CWT) reached all time high today, Aug, 15 and still has $56.73 target or 3.00 % above today’s $55.08 share price. This indicates more upside for the $2.65 billion company. This technical setup was reported by Barchart.com. If the $56.73 PT is reached, the company will be worth $79.56 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 2.67% or $1.43 during the last trading session, reaching $55.08. About 171,704 shares traded. California Water Service Group (NYSE:CWT) has risen 31.83% since August 15, 2018 and is uptrending. It has outperformed by 31.83% the S&P500.

More notable recent California Water Service Group (NYSE:CWT) news were published by: Globenewswire.com which released: “NEWS RELEASE: California Water Service Group Opens 2019 College Scholarship Program – GlobeNewswire” on April 29, 2019, also Globenewswire.com with their article: “California Public Utilities Commission Approves California Water Service Provision of Regulated Water Service to Travis Air Force Base – GlobeNewswire” published on December 13, 2018, Zacks.com published: “CWT or AWR: Which Water Utility Stock is a Better Pick? – Zacks.com” on March 20, 2019. More interesting news about California Water Service Group (NYSE:CWT) were released by: Nasdaq.com and their article: “California Water Service Group Schedules Second Quarter 2019 Earnings Results Announcement and Teleconference – Nasdaq” published on July 11, 2019 as well as Globenewswire.com‘s news article titled: “Chico Fourth-Grade Class is Grand-Prize Winner for 2019 Cal Water H2O Challenge – GlobeNewswire” with publication date: March 28, 2019.

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii. The company has market cap of $2.65 billion. The firm engages in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection. It has a 43.75 P/E ratio. It offers its services to approximately 482,400 clients in 100 California communities; approximately 4,400 water and wastewater clients on the islands of Maui and Hawaii; approximately 16,700 clients in the Tacoma and Olympia areas in Washington; and approximately 8,000 water and wastewater clients in the Belen, Los Lunas, and Elephant Butte areas in New Mexico.

California Water Service Group (NYSE:CWT) Institutional Positions Chart

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