California Water Service Group (CWT)
| Market Cap | 2.99B |
| Revenue (ttm) | 934.28M |
| Net Income (ttm) | 144.04M |
| Shares Out | 57.75M |
| EPS (ttm) | 2.51 |
| PE Ratio | 20.63 |
| Forward PE | 24.30 |
| Dividend | $1.12 (2.16%) |
| Ex-Dividend Date | May 3, 2024 |
| Volume | 308,767 |
| Open | 52.15 |
| Previous Close | 52.16 |
| Day's Range | 51.40 - 52.24 |
| 52-Week Range | 43.50 - 54.85 |
| Beta | 0.47 |
| Analysts | Buy |
| Price Target | 52.00 (+0.42%) |
| Earnings Date | Aug 1, 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 "Buy." The 12-month stock price forecast is $52.0, which is an increase of 0.42% from the latest price.
News
California Water Service Group Schedules 2024 Second Quarter Earnings Results Announcement and Conference Call
SAN JOSE, Calif., July 11, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) today announced that its 2024 second quarter earnings results will be released at 9:00 a.m. ET with its e...
California Water Service Group Subsidiary Files Plan to Invest $1.6 Billion in its California Water Systems in Upcoming Three Years, Proposes Program to Decouple Revenue from Water Sales
SAN JOSE, Calif., July 09, 2024 (GLOBE NEWSWIRE) -- To continue providing safe, clean, reliable tap water to customers across the communities it serves, California Water Service (Cal Water)—the larges...
California Water Service Applauds California Supreme Court Decision Preserving Water Utilities' Rights to Implement Rate-Making Mechanism that Supports Conservation, Protects Customers
SAN JOSE, Calif., July 08, 2024 (GLOBE NEWSWIRE) -- California Water Service (Cal Water) commends the decision issued today by the California Supreme Court that preserves decoupling as a rate-making m...
California Water Service Group Gives Back to its Communities with $80,000 in College Scholarships
SAN JOSE, Calif., June 27, 2024 (GLOBE NEWSWIRE) -- As part of its commitment to enhance the quality of life for those it serves, California Water Service Group (Group) has awarded $80,000 in college ...
California Water Service Group Completes Purchase of Kings Mountain Park Mutual Water Company
SAN JOSE, Calif., May 28, 2024 (GLOBE NEWSWIRE) -- California Water Service (Cal Water), the largest subsidiary of California Water Service Group (NYSE: CWT), has finalized the acquisition of Kings Mo...
California Water Service Group Bolsters Environmental, Social, and Governance Program, Reaffirms Commitment to Safe and Reliable Water Supply for Communities
Group Releases 2023 ESG Report, Highlighting Recent Progress and Achievements Group Releases 2023 ESG Report, Highlighting Recent Progress and Achievements
California Water Service Group's First Quarter 2024 Financial Results Benefit from California 2021 General Rate Case Decision
SAN JOSE, Calif., April 25, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (“Group” or “Company,” NYSE: CWT), a leading publicly traded water utility serving California, Hawaii, New Mexico, W...
California Water Service Group Board of Directors Declares 317th Consecutive Quarterly Dividend and 57th Consecutive Annual Dividend Increase
SAN JOSE, Calif., April 24, 2024 (GLOBE NEWSWIRE) -- At its meeting on April 24, 2024, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 317th consecutive quarte...
California Water Service Group Moving Forward to Install PFAS Treatment Despite CPUC Dismissal of Request to Track Capital Costs in Pre-Approved Memorandum Account
SAN JOSE, Calif., April 18, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) reaffirmed its commitment to investing an estimated $215 million in PFAS treatment and to workin...
California Water Service Districts Already Treating for Chromium-6, Will Meet New State Water Quality Standard
SAN JOSE, Calif., April 17, 2024 (GLOBE NEWSWIRE) -- California Water Service (Cal Water) confirmed today that its water systems will meet the new state maximum contaminant level (MCL) of 10 parts per...
California Water Service Group Utilities Prepared to Comply with New PFAS Regulations
Group believes its subsidiaries are well positioned to treat potentially impacted water sources and to meet the EPA's five-year compliance timeline.
Cal Water Secures $83 Million in Additional State Funding to Relieve Customers of Past-Due Balances Accumulated During Pandemic
SAN JOSE, Calif., April 09, 2024 (GLOBE NEWSWIRE) -- With financial impacts of COVID-19 felt by California Water Service (Cal Water) customers well past the height of the pandemic, Cal Water applied f...
California Water Service Group Schedules 2024 First Quarter Earnings Results Announcement and Conference Call
SAN JOSE, Calif., April 04, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) today announced that its 2024 first quarter earnings results will be released at 9:00 a.m. ET with its e...
California Water Service Group Recognized by Newsweek as One of “America's Most Trustworthy Companies”
SAN JOSE, Calif., March 28, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) announced today that it has earned a spot on Newsweek magazine's 2024 list of “America's Most Tr...
California Water Service Group Announces Science-Aligned Greenhouse Gas Emissions Reduction Target
SAN JOSE, Calif., March 18, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) today announced its commitment to reducing absolute Scope 1 and 2 greenhouse gas (GHG) emissions...
California Public Utilities Commission Adopts Decision on California Water Service's 2021 General Rate Case and Infrastructure Improvement Plan
SAN JOSE, Calif., March 11, 2024 (GLOBE NEWSWIRE) -- The California Public Utilities Commission (CPUC) issued a decision on March 7, 2024 on the 2021 General Rate Case and Infrastructure Improvement P...
California Water Service Group Announces 2023 Earnings for Year and Fourth Quarter
SAN JOSE, Calif., Feb. 29, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) (“Company” or “CWT”) today announced 2023 full year net income attributable to CWT of $51.9 million and d...
California Water Service Group Schedules 2023 Full-Year and Fourth-Quarter Earnings Results Announcement and Conference Call
SAN JOSE, Calif., Feb. 08, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) today announced that its 2023 full-year and fourth-quarter earnings results will be released at 9:00 a.m....
California Water Service Group Donates More than $1.5 Million to Local Community Organizations in 2023
SAN JOSE, Calif., Jan. 31, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) contributed $1.56 million in 2023 to charitable organizations and first responders in its communi...
Cal Water Receives Proposed Decision and Alternate Proposed Decision on 2021 General Rate Case
SAN JOSE, Calif., Jan. 26, 2024 (GLOBE NEWSWIRE) -- On January 24, 2024, the California Public Utilities Commission (CPUC) Administrative Law Judges assigned to California Water Service's (Cal Water) ...
CORRECTION: California Water Service Group Board of Directors Declares 316th Consecutive Quarterly Dividend and 57th Consecutive Annual Dividend Increase
The following replaces the release issued at 5:28PM Eastern Time on January 25, 2024. SAN JOSE, Calif.
California Water Service Group Board of Directors Declares 316th Consecutive Quarterly Dividend and 57th Consecutive Annual Dividend Increase
SAN JOSE, Calif., Jan. 25, 2024 (GLOBE NEWSWIRE) -- At its meeting on January 25, 2024, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 316th consecutive quart...
California Water Service Group Opens 11th Annual College Scholarship Program Offering $80,000 in Awards
SAN JOSE, Calif., Jan. 16, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) is now accepting applications for its 11th annual College Scholarship Program cycle, one of the w...
AB 2339 & AB 850 Help City of Willows Sell Water System Assets to Local Water Utility California Water Service
SAN JOSE, Calif., Jan. 11, 2024 (GLOBE NEWSWIRE) -- California Water Service (Cal Water), which has provided water utility service to the majority of Willows, Calif.
California Water Service Group Announces Appointment of James P. Lynch to Senior Vice President, Chief Financial Officer, and Treasurer
SAN JOSE, Calif., Jan. 04, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE : CWT) today announced that after conducting an extensive, nation-wide search, it has selected James P. Lynch t...