California Water Service Group (CWT) Stock Price, News & Analysis

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for California Water Service Group in the last year. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CWT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CWT, but not buy additional shares or sell existing shares.
View CWT analyst ratings or view top-rated stocks.

4 brokers have issued 1 year target prices for California Water Service Group's shares. Their CWT share price targets range from $47.00 to $66.00. On average, they anticipate the company's stock price to reach $53.50 in the next twelve months. This suggests a possible upside of 19.5% from the stock's current price.
View analysts price targets for CWT or view top-rated stocks among Wall Street analysts.

California Water Service Group's stock was trading at $51.87 on January 1st, 2024. Since then, CWT shares have decreased by 13.7% and is now trading at $44.77.
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California Water Service Group saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 1,160,000 shares, an increase of 18.6% from the February 29th total of 977,800 shares. Based on an average daily volume of 317,700 shares, the short-interest ratio is currently 3.7 days.
View California Water Service Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our CWT earnings forecast.

California Water Service Group will be holding an earnings conference call on Thursday, April 25th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 609-800-9909 with passcode "8751121".

California Water Service Group (NYSE:CWT) announced its quarterly earnings data on Thursday, February, 29th. The utilities provider reported $0.52 earnings per share for the quarter, missing analysts' consensus estimates of $1.50 by $0.98. The utilities provider earned $214.50 million during the quarter, compared to analysts' expectations of $269.41 million. California Water Service Group had a trailing twelve-month return on equity of 3.75% and a net margin of 6.53%. The company's revenue was up 6.8% compared to the same quarter last year. During the same period last year, the business posted $0.35 EPS.

California Water Service Group announced a quarterly dividend on Thursday, January 25th. Shareholders of record on Monday, February 12th will be given a dividend of $1.12 per share on Friday, February 23rd. This represents a $4.48 dividend on an annualized basis and a dividend yield of 10.01%. The ex-dividend date of this dividend is Friday, February 9th. This is a positive change from the stock's previous quarterly dividend of $0.26.
Read our dividend analysis for CWT.

California Water Service Group (NYSE:CWT) pays an annual dividend of $1.12 per share and currently has a dividend yield of 2.56%. The dividend payout ratio is 125.84%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, CWT will have a dividend payout ratio of 47.06% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CWT.

ETFs with the largest weight of California Water Service Group (NYSE:CWT) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), Roundhill S&P Dividend Monarchs ETF (KNGS), Invesco S&P Global Water Index ETF (CGW), First Trust Water ETF (FIW), ProShares Russell US Dividend Growers ETF (TMDV), Global X Clean Water ETF (AQWA), iShares Environmental Infrastructure and Industrials ETF (EFRA) and Opus Small Cap Value Plus ETF (OSCV).

14 employees have rated California Water Service Group Chief Executive Officer Martin Kropelnicki on Glassdoor.com. Martin Kropelnicki has an approval rating of 100% among the company's employees. This puts Martin Kropelnicki in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other California Water Service Group investors own include (NCIT) (NCIT), Ford Motor (F), SJW Group (SJW), American States Water (AWR), Alibaba Group (BABA), Pfizer (PFE), Consolidated Edison (ED), Enterprise Products Partners (EPD), General Electric (GE) and McDonald's (MCD).

California Water Service Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include Sovereign Financial Group Inc. (0.02%), Kingswood Wealth Advisors LLC (0.01%), Abacus Wealth Partners LLC (0.01%) and CWM LLC (0.00%). Insiders that own company stock include David B Healey, Gerald A Simon, Lester A Snow, Lynne P Mcghee, Michael B Luu, Michelle R Mortensen, Robert J Kuta, Terry Bayer and Thomas M Krummel.
View institutional ownership trends.

Shares of CWT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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