California Water Service Group (CWT)
| Market Cap | 3.07B |
| Revenue (ttm) | 794.31M |
| Net Income (ttm) | 96.83M |
| Shares Out | 49.27M |
| EPS (ttm) | 1.97 |
| PE Ratio | 30.69 |
| Forward PE | 33.56 |
| Dividend | $0.85 |
| Dividend Yield | 1.41% |
| Trading Day | April 16 |
| Last Price | $60.31 |
| Previous Close | $60.55 |
| Change ($) | -0.24 |
| Change (%) | -0.40% |
| Day's Open | 60.41 |
| Day's Range | 59.97 - 60.93 |
| Day's Volume | 320,937 |
| 52-Week Range | 40.83 - 60.93 |
SAN JOSE, Calif., April 15, 2021 (GLOBE NEWSWIRE) -- As part of its focus on environmental, social, and governance (ESG) performance, California Water Service Group (Group) (NYSE: CWT) today unveiled it...
3 Water Supply Stocks to Tap Amid Industry's Aging Infrastructure Woes
SAN JOSE, Calif., April 14, 2021 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) announced today the nomination of Dr. Yvonne (Bonnie) A. Maldonado, 65, as an independent director...
Rapidly rising water prices illustrate the tightening supply/demand situation in what is undoubtedly California's - and the world's - most important commodity.
SAN JOSE, Calif., April 08, 2021 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) today announced that its first quarter 2021 earnings results will be released at 9:00 a.m. ET with its tel...
California Water's (CWT) improving customer base, strategic investments and constant rate hikes are likely to boost its existing operations.
California Water's (CWT) unit snaps up a deal with Stroh's Water to operate and maintain its water systems for a tenure of two years. This deal will ensure high quality services for target customers.
Agreement Includes Option for Purchase Agreement Includes Option for Purchase
California Water Service (CWT) has been struggling lately, but the selling pressure may be coming to an end soon
With the Fed keeping rates near zero despite improving economy and mounting inflation concerns, utility players like Atmos Energy (ATO) & gold producers like Newmont (NEM) are poised to gain.
The subsidiary of California Water (CWT), California Water Service, signs a contract to buy the assets of Skylonda Mutual Water Company, which borders the unit's customer connections in Bear Gulch Distr...
SAN JOSE, Calif., March 15, 2021 (GLOBE NEWSWIRE) -- California Water Service (Cal Water), the largest subsidiary of California Water Service Group (NYSE: CWT), has entered into an agreement to acquire ...
California Water's (CWT) arm Hawaii Water gets an approval from The Hawaii Public Utilities Commission to purchase Maui Land and Pineapple Company's assets, which in turn, will widen its base in Hawaii.
WAIKOLOA, Hawaii, March 11, 2021 (GLOBE NEWSWIRE) -- Hawaii Water Service (Hawaii Water), a subsidiary of California Water Service Group (Group) (NYSE: CWT), received approval from the Hawaii Public Uti...
California Water's (CWT) fourth-quarter earnings miss the mark while revenues top the same. The bottom line, however, rises year over year as the top line.
California Water Service Group (CWT) delivered earnings and revenue surprises of -11.43% and 2.80%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for th...
SAN JOSE, Calif., Feb. 08, 2021 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) today announced that its fourth quarter and year-end 2020 earnings results will be released at 9:00 a.m. ET...
Students in All Group Service Areas Encouraged to Apply for Eighth Annual Program Students in All Group Service Areas Encouraged to Apply for Eighth Annual Program
Backed by a strong operational efficiency, California Water Service (CWT) raises 8.2% of its annual dividend, totaling the payout to 92 cents per share.
Monthly update of the Dividend Champions List. 77 companies declared higher dividends in the past month, with an average increase of 7.87% over their previous payouts. Two new Champions, nine new Conten...
SAN JOSE, Calif., Jan. 27, 2021 (GLOBE NEWSWIRE) -- At its meeting today, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 304th consecutive quarterly dividend, i...
SAN JOSE, Calif., Jan. 25, 2021 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) and its subsidiaries donated more than $1.7 million to community organizations and customers in 202...
K-12 Students and Teachers Encouraged to Engage in Water Conservation Projects K-12 Students and Teachers Encouraged to Engage in Water Conservation Projects
To combat market volatility, create a portfolio of low-beta stocks.
SAN JOSE, Calif., Dec. 21, 2020 (GLOBE NEWSWIRE) -- The American Water Works Association (AWWA) has honored California Water Service (Cal Water) and San Jose State University representatives with the Di...
California Water Service Group (CWT) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
Water supply stocks like California Water (CWT), Primo Water (PRMW), Essential Utilities (WTRG) have the potential to generate positive returns as resumption of economic activities will create more grow...
California Water Service's (CWT) arm reaches an agreement to buy the wastewater assets of Keauhou Community Services.
WAIKOLOA, Hawaii, Dec. 08, 2020 (GLOBE NEWSWIRE) -- Hawaii Water Service (Hawaii Water), a subsidiary of California Water Service Group (Group) (NYSE: CWT), has entered into an agreement with Keauhou Co...
SAN JOSE, Calif., Dec. 07, 2020 (GLOBE NEWSWIRE) -- Signaling the company's increasing emphasis on corporate social responsibility, sustainability, and customer experience, California Water Service Grou...
SAN JOSE, Calif., Dec. 07, 2020 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) today announced the promotion of Michael B. Luu to Vice President, Information Technology and Chief...
SAN JOSE, Calif., Dec. 07, 2020 (GLOBE NEWSWIRE) -- As part of its move to consolidate oversight of key functional areas, California Water Service Group (Group) (NYSE: CWT) today promoted Michelle R. Mo...
SAN JOSE, Calif., Dec. 07, 2020 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) today announced the promotion of Michael S. Mares, Jr. from Vice President, California Operations t...
Promising vaccine news and hopes of further fiscal stimulus helped benchmark indexes to close at record highs, making this a prudent time to invest in names like Cabot (CBT) and Forestar (FOR)
To combat market volatility, it is of utmost importance to create a portfolio of low-beta stocks.
4 Utility Water Supply Stocks to Watch Amid Coronavirus Woes
SAN JOSE, Calif., Dec. 04, 2020 (GLOBE NEWSWIRE) -- The California Public Utilities Commission (CPUC) issued its decision yesterday on the 2018 General Rate Case and Infrastructure Improvement Plan for ...
California Water Service (CWT) makes a strong case for investment, courtesy of increasing estimates, steady capital expenditure and expansion of operations through acquisitions.
California Water Service Group is a Dividend King with 53 years of consecutive annual dividend growth. The company operates in a regulated industry and grows organically and through acquisitions.
California Water Service Group (CWT) CEO Martin Kropelnicki on Q3 2020 Results - Earnings Call Transcript
California Water Service Group (CWT) delivered earnings and revenue surprises of 70.18% and 12.22%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for t...
SAN JOSE, Calif., Nov. 06, 2020 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) (the “Company”) today announced net income of $96.4 million or $1.94 earnings per diluted common share for ...
WAIKOLOA, Hawaii, Nov. 03, 2020 (GLOBE NEWSWIRE) -- Hawaii Water Service (Hawaii Water), a subsidiary of California Water Service Group (Group) (NYSE: CWT), yesterday completed the acquisition of Kalael...
California Water Service Group (CWT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
SAN JOSE, Calif., Oct. 29, 2020 (GLOBE NEWSWIRE) -- California Water Service (Cal Water), the largest subsidiary of California Water Service Group (NYSE: CWT), today announced that it has entered into a...
SAN JOSE, Calif., Oct. 28, 2020 (GLOBE NEWSWIRE) -- At its meeting today, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 303rd consecutive quarterly dividend in...
About CWT
California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii. It 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. The company offers its services to approximately 492,600 customer connections in 100 California communities; approximately 5,300 water and wastewater customer connections on the islands of Maui and H... [Read more...]
| Industry Utilities-Regulated Water | Founded 1926 |
| CEO Martin Kropelnicki | Employees 1,192 |
| Stock Exchange NYSE | Ticker Symbol CWT |
Financial Performance
In 2020, CWT's revenue was $794.31 million, an increase of 11.16% compared to the previous year's $714.56 million. Earnings were $96.83 million, an increase of 53.42%.
Analyst Forecasts
According to 6 analysts, the average rating for CWT stock is "Hold." The 12-month stock price forecast is 50.80, which is a decrease of -15.77% from the latest price.