California Water Service Group (CWT)
| Market Cap | 2.74B |
| Revenue (ttm) | 1.03B |
| Net Income (ttm) | 201.28M |
| Shares Out | 59.47M |
| EPS (ttm) | 3.46 |
| PE Ratio | 13.30 |
| Forward PE | 23.96 |
| Dividend | $1.12 (2.44%) |
| Ex-Dividend Date | Nov 12, 2024 |
| Volume | 282,218 |
| Open | 45.63 |
| Previous Close | 45.92 |
| Day's Range | 45.63 - 46.57 |
| 52-Week Range | 43.50 - 56.25 |
| Beta | 0.49 |
| Analysts | Hold |
| Price Target | 53.67 (+16.67%) |
| Earnings Date | Oct 31, 2024 |
About 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 islan... [Read more]
Financial Performance
In 2023, CWT's revenue was $794.63 million, a decrease of -6.12% compared to the previous year's $846.43 million. Earnings were $51.91 million, a decrease of -45.93%.
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for CWT stock is "Hold." The 12-month stock price forecast is $53.67, which is an increase of 16.67% from the latest price.
News
California Water Service Awards More Than $175,000 in Grants to Seven Fire Departments
SAN JOSE, Calif., Dec. 18, 2024 (GLOBE NEWSWIRE) -- To support local fire departments and their efforts to provide rescue and emergency services, California Water Service (Cal Water) today announced i...
Tortoise Capital Announces Index Updates for Fourth Quarter 2024
OVERLAND PARK, KS / ACCESSWIRE / December 13, 2024 / Tortoise Capital today announced upcoming additions and deletions to its indices as part of its regular quarterly rebalancing for the fourth quarte...
Buy 6 December Dividend Kings But Watch 22 With 'Safer' Dividends
"A Dividend King [is] a stock with 50 or more consecutive years of dividend increases." - suredividend.com. 53 Divided Kings, screened as of December 11, 2024, represented all eleven Morningstar Secto...
This Water Utility Stock Trades At A Discount: Analyst
BofA Securities analyst Ross Fowler initiated coverage on California Water Service Group CWT with a Buy rating and price forecast of $57, which implies an upside potential of 17%.
California Water Service Group Completes Purchase of Kukui'ula South Shore Community Services' Wastewater System
SAN JOSE, Calif., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Expanding its operations on The Garden Isle, California Water Service Group (NYSE: CWT) subsidiary Hawaii Water Service (Hawaii Water) finalized the...
California Water Service Group Named One of “America's Most Responsible Companies” by Newsweek for Fourth Consecutive Year
SAN JOSE, Calif., Dec. 04, 2024 (GLOBE NEWSWIRE) -- As a reflection of the utility's ongoing commitment to sustainability and corporate citizenship, Newsweek today named California Water Service Group...
California Water Leaders Heading to Palm Desert for ACWA Fall Conference
Public water agency leaders from throughout California will gather in Palm Desert Dec. 4-5 for the Assoc. of Calif. Water Agencies Fall Conference & Expo
California Water Service Group (CWT) Q3 2024 Earnings Call Transcript
California Water Service Group (NYSE:CWT) Q3 2024 Results Conference Call October 31, 2024 11:00 AM ET Company Participants James Lynch - Senior Vice President, Chief Financial Officer and Treasurer ...
California Water Service Group Reports Third Quarter Results
SAN JOSE, Calif., Oct. 31, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (“Group” or “Company,” NYSE: CWT), a leading publicly traded water utility serving California, Hawaii, New Mexico, Wa...
California Water Service Group Board of Directors Declares 319th Consecutive Quarterly Dividend
SAN JOSE, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- At its meeting on October 30, 2024, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 319th consecutive quart...
NAACP Butte County Chapter Recognizes Cal Water with Award for Commitment to Supporting Oroville, Chico Communities
SAN JOSE, Calif., Oct. 21, 2024 (GLOBE NEWSWIRE) -- NYSE: CWT—For the utility's commitment to improving the lives of those in its local communities, the National Association for the Advancement of Col...
Newsweek names California Water Service Group One of “America's Greenest Companies”
SAN JOSE, Calif., Oct. 14, 2024 (GLOBE NEWSWIRE) -- For its commitment to and advancements in sustainability, California Water Service Group (Group) (NYSE: CWT) has been named one of “America's Greene...
Buy 7 October Dividend Kings, Watch 10 More
A Dividend King is a stock with 50 or more consecutive years of dividend increases per suredividend.com. The 53 Dividend Kings, screened as of October 8, represented 8 of 11 Morningstar Sectors. Broke...
California Water Service Group Schedules 2024 Third Quarter Earnings Results Announcement and Conference Call
SAN JOSE, Calif., Oct. 10, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) today announced that its 2024 third quarter earnings results will be released at 9:00 a.m. ET with its ea...
Undervalued Dividend Kings: October 2024
Dividend Kings have a 50+ year track record of increasing dividends, showcasing resilience through economic challenges. I rank Dividend Kings by quality score and highlight undervalued stocks for pote...
EPA Names Cal Water 2024 WaterSense® Excellence Award Winner for Second Consecutive Year
SAN JOSE, Calif., Sept. 30, 2024 (GLOBE NEWSWIRE) -- NYSE: CWT—For the second year in a row, the U.S. Environmental Protection Agency (EPA) has honored California Water Service (Cal Water) with its Wa...
14 Incredible High-Yield Dividend Aristocrat Bargain Buys For October
The market keeps hitting record highs, and many investors fear putting new money to work. It's always a market of stocks, not a stock market. Wonderful blue-chip bargains are always on sale if you kno...
California Water Service Launches 11th Annual School Conservation Education Program
SAN JOSE, Calif., Sept. 19, 2024 (GLOBE NEWSWIRE) -- California Water Service (Cal Water), in partnership with DoGoodery, has launched its 11th annual water conservation education program for schools ...
California Water Service Group: Buy It And Let It Drip
California Water Service is a Dividend King with a 57-year streak, offering a forward yield of 2.04% and a solid payout ratio of ~38%. Recent rate case approval and lower expenses have boosted EPS and...
Tortoise Capital Announces Index Updates for Third Quarter 2024 and Change of Methodology for the Tortoise North American Pipeline Indexsm (TNAP)
OVERLAND PARK, KS / ACCESSWIRE / September 13, 2024 / Tortoise Capital today announced upcoming additions and deletions to its indices as part of its regular quarterly rebalancing for the third quarte...
Buy 7 September Dividend Kings, Watch 9 More
"What is a Dividend King? A stock with 50 or more consecutive years of dividend increases.” - suredividend.com. The 53 Dividend Kings, screened as of Sept. 10, represented eight of 11 Morningstar Sect...
Hawaii Water Service Operations Manager Recognized Nationally for Response During Lahaina Fire
SAN JOSE, Calif., Sept. 10, 2024 (GLOBE NEWSWIRE) -- (NYSE: CWT)—For his leadership to keep water flowing to his local communities during the devastating Lahaina wildfire last year, the National Assoc...
Newsweek names California Water Service Group One of “World's Most Trustworthy Companies”
SAN JOSE, Calif., Sept. 04, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) has earned a spot on Newsweek's list of the “World's Most Trustworthy Companies” for the second ...
California Water Service Opens 2024 Firefighter Grant Program
SAN JOSE, Calif., Sept. 03, 2024 (GLOBE NEWSWIRE) -- California Water Service (Cal Water) opened its sixth annual Firefighter Grant Program today to fire departments in its districts, as part of its o...
California Water Service Group Named Great Place to Work® for Ninth Consecutive Year
SAN JOSE, Calif., Aug. 29, 2024 (GLOBE NEWSWIRE) -- For the ninth consecutive year, the Great Place to Work® Institute has named California Water Service Group (Group) (NYSE: CWT) a Great Place to Wor...