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NYSE:CWT

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

$46.99
+0.32 (+0.69%)
(As of 11:42 AM ET)
Today's Range
$46.50
$47.03
50-Day Range
$45.09
$47.88
52-Week Range
$44.83
$61.59
Volume
25,790 shs
Average Volume
325,121 shs
Market Capitalization
$2.71 billion
P/E Ratio
52.80
Dividend Yield
2.38%
Price Target
$55.00

California Water Service Group MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
17.0% Upside
$55.00 Price Target
Short Interest
Healthy
2.01% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
+0.43
Upright™ Environmental Score
News Sentiment
-0.15mentions of California Water Service Group in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$28,804 Sold Last Quarter
Proj. Earnings Growth
5.78%
From $2.25 to $2.38 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.32 out of 5 stars

Utilities Sector

30th out of 89 stocks

Water Supply Industry

2nd out of 12 stocks

CWT stock logo

About California Water Service Group Stock (NYSE:CWT)

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, Hawaii, and Texas. The company is involved 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 services. It offers its services to approximately 497,700 customer connections in 100 California communities; approximately 6,500 water and wastewater customer connections on the islands of Maui, Oahu, and Hawaii; approximately 38,000 customer connections in the Tacoma, Olympia, Graham, Spanaway, Puyallup, Rainier, Yelm, and Gig Harbor areas; and approximately 11,400 water and wastewater customer connections in Rio Communities, Rio Del Oro, Meadow Lake, Indian Hills, Squaw Valley, Elephant Butte, Morningstar, Sandia Knolls, Juan Tomas, and Cypress Gardens systems. The company also engages in the provision of non-regulated water-related services, including operating of municipally owned water systems, privately owned water, and recycled water distribution systems; water system operation, meter reading, and billing services to private companies and municipalities; leasing of communication antenna sites on its properties; and billing of optional third-party insurance programs to its residential customers. In addition, it provides lab, wastewater collection, and treatment services. California Water Service Group was founded in 1926 and is headquartered in San Jose, California.

CWT Stock Price History

CWT Stock News Headlines

California Water Service Group (CWT)
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Q4 2023 California Water Service Group Earnings Call
California Water Servs Gr Earnings Preview
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Company Calendar

Ex-Dividend for 2/23 Dividend
2/09/2024
Dividend Payable
2/23/2024
Last Earnings
2/29/2024
Today
3/28/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Water supply
Sub-Industry
Water Utilities
CUSIP
13078810
Employees
1,266
Year Founded
1926

Price Target and Rating

Average Stock Price Target
$55.00
High Stock Price Target
$66.00
Low Stock Price Target
$47.00
Potential Upside/Downside
+17.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
4 Analysts

Profitability

Net Income
$51.91 million
Pretax Margin
6.47%

Debt

Sales & Book Value

Annual Sales
$794.63 million
Cash Flow
$3.14 per share
Book Value
$24.78 per share

Miscellaneous

Free Float
57,167,000
Market Cap
$2.69 billion
Optionable
Optionable
Beta
0.49
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CWT Stock Analysis - Frequently Asked Questions

Should I buy or sell California Water Service Group stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for California Water Service Group in the last year. There are currently 2 sell ratings 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.
View CWT analyst ratings
or view top-rated stocks.

What is California Water Service Group's stock price target for 2024?

4 brokerages have issued 1 year 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 $55.00 in the next twelve months. This suggests a possible upside of 17.0% from the stock's current price.
View analysts price targets for CWT
or view top-rated stocks among Wall Street analysts.

How have CWT shares performed in 2024?

California Water Service Group's stock was trading at $51.87 on January 1st, 2024. Since then, CWT stock has decreased by 9.4% and is now trading at $46.99.
View the best growth stocks for 2024 here
.

Are investors shorting California Water Service Group?

California Water Service Group saw a increase in short interest in 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
.

When is California Water Service Group's next earnings date?

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

How were California Water Service Group's earnings last quarter?

California Water Service Group (NYSE:CWT) issued 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 the consensus estimate of $269.41 million. California Water Service Group had a net margin of 6.53% and a trailing twelve-month return on equity of 3.75%. The business's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.35 earnings per share.

How often does California Water Service Group pay dividends? What is the dividend yield for California Water Service Group?

California Water Service Group declared a quarterly dividend on Thursday, January 25th. Stockholders of record on Monday, February 12th will be paid a dividend of $1.12 per share on Friday, February 23rd. This represents a $4.48 annualized dividend and a yield of 9.53%. The ex-dividend date is Friday, February 9th. This is a boost from the stock's previous quarterly dividend of $0.26.
Read our dividend analysis for CWT
.

Is California Water Service Group a good dividend stock?

California Water Service Group (NYSE:CWT) pays an annual dividend of $1.12 per share and currently has a dividend yield of 2.48%. The company has been increasing its dividend for 57 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. 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.

What is Martin Kropelnicki's approval rating as California Water Service Group's CEO?

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.

What other stocks do shareholders of California Water Service Group own?

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).

Who are California Water Service Group's major shareholders?

California Water Service Group's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (12.07%), Vanguard Group Inc. (12.08%), Nuance Investments LLC (3.71%), Dimensional Fund Advisors LP (2.16%), Northern Trust Corp (1.67%) and KBC Group NV (1.13%). 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
.

How do I buy shares of California Water Service Group?

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.
Compare Top Brokerages Here.

This page (NYSE:CWT) was last updated on 3/28/2024 by MarketBeat.com Staff

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