California Water Service Group (CWT)
| Market Cap | 3.13B |
| Revenue (ttm) | 984.54M |
| Net Income (ttm) | 175.03M |
| Shares Out | 58.83M |
| EPS (ttm) | 3.02 |
| PE Ratio | 17.63 |
| Forward PE | 26.45 |
| Dividend | $1.12 (2.10%) |
| Ex-Dividend Date | Aug 12, 2024 |
| Volume | 198,779 |
| Open | 54.67 |
| Previous Close | 55.02 |
| Day's Range | 53.12 - 54.67 |
| 52-Week Range | 43.50 - 55.52 |
| Beta | 0.49 |
| Analysts | Hold |
| Price Target | 53.67 (+0.71%) |
| Earnings Date | Oct 24, 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 0.71% from the latest price.
News
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...
California Water Service Group Named Bay Area Top Workplace for 12th Year
SAN JOSE, Calif., Aug. 26, 2024 (GLOBE NEWSWIRE) -- In recognition of the company's commitment to its employees, the San Francisco Chronicle has named California Water Service Group (Group) (NYSE: CWT...
10 Undervalued Dividend Growth Stocks: August 2024
I rank a selection of undervalued dividend growth stocks in the Dividend Radar and present the ten top-ranked stocks for consideration. To rank stocks, I do a quality assessment and sort stocks by qua...
California Water Service: Moderately Discounted Dividend King
California Water Service offers steady dividend growth, and the company is moderately discounted. CWT is a company with average financial results compared to its competitors. The company faces additio...
53 August Dividend Kings: Buy 7, 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 August 6, represented 8 of 11 Morningstar Sectors. B...
California Water Service Group (CWT) Q2 2024 Earnings Call Transcript
California Water Service Group (NYSE:CWT) Q2 2024 Results Conference Call August 1, 2024 11:00 AM ET Company Participants James Lynch - Senior Vice President, Chief Financial Officer and Treasurer Ma...
California Water Service Group Reports Second Quarter Results
SAN JOSE, Calif., Aug. 01, 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 318th Consecutive Quarterly Dividend
SAN JOSE, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- At its meeting on July 31, 2024, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 318th consecutive quarterl...
Alliance for Water Efficiency Study Shows California Water Service's Conservation Efforts Save Customers Money
SAN JOSE, Calif., July 29, 2024 (GLOBE NEWSWIRE) -- Water conservation efforts have reduced California Water Service (Cal Water) customers' bills by as much as 20.5 percent over the last 15 years comp...
7 Upcoming Dividend Increases Including A King
This week has seven new dividend increases, including a dividend king. My investment strategy involves buying companies with consistent dividend growth and beating benchmarks. Tables and charts featur...
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...
53 July Dividend Kings: Buy 8, Watch 8 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 July 8, represented 8 of 11 Morningstar Sectors. Bro...
The Highest Quality Dividend Growth Stocks In 2024
This article updates one I wrote in August 2022, which was based on a template article by David Van Knapp published in June 2020. I use an adapted quality scoring system to assess the quality of divid...
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: It's Not Too Late To Buy Now
Shares of California Water Service have climbed 17% since my last buy rating.
California Water Service Group (CWT) Q1 2024 Earnings Call Transcript
California Water Service Group (NYSE:CWT) Q1 2024 Earnings Conference Call April 25, 2024 11:00 AM ET Company Participants Jim Lynch – Senior Vice President, Chief Financial Officer and Treasurer Mar...
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...