California Water Service shares rose 1.6% this morning to a price of $58.84. The stock is still trading within range of its average target price of $60.33, and over the last 52 weeks, it has recorded a -1.3% performance. Analysts have given the mid-cap Water Utilities stock target prices ranging from $58.0 to $62.0 dollars per share, with an average rating of hold.
The stock has an average amount of shares sold short at 2.2%, and a short ratio of 4.05. Only 0.98% of the company's shares are owned by insiders, indicating that management does not have a deep alignment of interest with its shareholders. Finally, we also note that a significant number of institutional investors are invested in the stock, with 85.2% of California Water Service's shares being owned by this investor type.
Institutions Invested in California Water Service
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2022-12-31 | Blackrock Inc. | 19% | 10,409,635 | $612,502,924 |
| 2022-12-31 | Vanguard Group, Inc. (The) | 12% | 6,761,651 | $397,855,545 |
| 2022-12-31 | State Street Corporation | 10% | 5,337,022 | $314,030,375 |
| 2022-12-31 | T. Rowe Price Investment Management, Inc. | 4% | 2,330,347 | $137,117,617 |
| 2022-12-31 | Pictet Asset Management SA | 3% | 1,583,789 | $93,190,145 |
| 2022-12-31 | Impax Asset Management Group Plc | 3% | 1,523,505 | $89,643,034 |
| 2022-12-31 | Dimensional Fund Advisors LP | 2% | 1,257,524 | $73,992,712 |
| 2022-12-31 | Amundi | 2% | 1,135,700 | $66,824,588 |
| 2022-12-31 | Invesco Ltd. | 2% | 1,016,526 | $59,812,389 |
| 2022-12-31 | Geode Capital Management, LLC | 2% | 1,001,118 | $58,905,783 |
