FY2026 Earnings Forecast for CWT Issued By Zacks Research

California Water Service Group (NYSE:CWT) – Equities research analysts at Zacks Research increased their FY2026 earnings estimates for California Water Service Group in a report issued on Wednesday, August 20th. Zacks Research analyst Team now anticipates that the utilities provider will earn $2.56 per share for the year, up from their prior estimate of $2.53. The consensus estimate for California Water Service Group’s current full-year earnings is $3.15 per share. Zacks Research also issued estimates for California Water Service Group’s FY2027 earnings at $2.75 EPS.

A number of other brokerages have also recently issued reports on CWT. Wells Fargo & Company reduced their price objective on shares of California Water Service Group from $59.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, August 1st. Wall Street Zen upgraded shares of California Water Service Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $56.00.

California Water Service Group Stock Performance

Shares of NYSE CWT opened at $47.5690 on Friday. The firm has a fifty day moving average price of $46.03 and a 200-day moving average price of $46.91. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.53 and a quick ratio of 0.50. The stock has a market cap of $2.83 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 2.27 and a beta of 0.66. California Water Service Group has a 1 year low of $41.64 and a 1 year high of $56.25.

California Water Service Group (NYSE:CWT) last announced its earnings results on Thursday, July 31st. The utilities provider reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.25. California Water Service Group had a net margin of 13.71% and a return on equity of 8.28%. The business had revenue of $264.95 million during the quarter, compared to analysts’ expectations of $238.20 million. During the same period in the prior year, the company earned $0.70 earnings per share. The firm’s revenue was up 8.5% on a year-over-year basis.

California Water Service Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Monday, August 11th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.20 dividend on an annualized basis and a yield of 2.5%. California Water Service Group’s dividend payout ratio is presently 52.40%.

Insider Buying and Selling

In related news, Director Lester A. Snow sold 1,200 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $46.51, for a total transaction of $55,812.00. Following the completion of the sale, the director owned 26,349 shares of the company’s stock, valued at $1,225,491.99. This represents a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.77% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Creative Planning raised its holdings in shares of California Water Service Group by 1.7% in the second quarter. Creative Planning now owns 15,302 shares of the utilities provider’s stock worth $696,000 after buying an additional 253 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of California Water Service Group by 2.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 10,806 shares of the utilities provider’s stock worth $524,000 after buying an additional 272 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of California Water Service Group by 0.5% in the second quarter. California State Teachers Retirement System now owns 54,416 shares of the utilities provider’s stock worth $2,475,000 after buying an additional 278 shares during the last quarter. Choreo LLC raised its holdings in shares of California Water Service Group by 6.6% in the first quarter. Choreo LLC now owns 4,766 shares of the utilities provider’s stock worth $231,000 after buying an additional 294 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of California Water Service Group by 109.9% in the second quarter. EverSource Wealth Advisors LLC now owns 697 shares of the utilities provider’s stock worth $32,000 after buying an additional 365 shares during the last quarter. Hedge funds and other institutional investors own 82.78% of the company’s stock.

California Water Service Group Company Profile

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.