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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for California Water Service Group in the last twelve months. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street 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.
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4 brokers have issued 12-month price objectives for California Water Service Group's stock. Their CWT share price targets range from $47.00 to $66.00. On average, they expect the company's share price to reach $53.50 in the next year. This suggests a possible upside of 21.5% from the stock's current price.
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California Water Service Group's stock was trading at $51.87 at the start of the year. Since then, CWT shares have decreased by 15.1% and is now trading at $44.05.
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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 trading volume, of 317,700 shares, the days-to-cover 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) released its quarterly earnings results on Thursday, February, 29th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.50 by $0.98. The utilities provider had revenue of $214.50 million for the quarter, compared to analyst estimates 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 firm's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 earnings per share.

California Water Service Group declared a quarterly dividend on Thursday, January 25th. Investors 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 annualized dividend and a yield of 10.17%. The ex-dividend date 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 2.52%. 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), Invesco S&P Global Water Index ETF (CGW), Roundhill S&P Dividend Monarchs ETF (KNGS), First Trust Water ETF (FIW), Global X Clean Water ETF (AQWA), ProShares Russell US Dividend Growers ETF (TMDV), 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 number of retail and institutional investors. Top institutional shareholders 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.
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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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