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California Water Service Group (CWT)

Stock Price: $61.57 USD 0.08 (0.13%)
Updated Jul 28, 2021 4:00 PM EDT - Market closed
Market Cap 3.12B
Revenue (ttm) 816.48M
Net Income (ttm) 114.11M
Shares Out 50.44M
EPS (ttm) 2.29
PE Ratio 26.84
Forward PE 34.25
Dividend $0.87
Dividend Yield 1.41%
Trading Day July 28
Last Price $61.57
Previous Close $61.49
Change ($) 0.08
Change (%) 0.13%
Day's Open 61.70
Day's Range 61.13 - 61.96
Day's Volume 160,284
52-Week Range 40.67 - 61.96

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SAN JOSE, Calif., July 28, 2021 (GLOBE NEWSWIRE) -- At its meeting today, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 306th consecutive quarterly dividend in...

13 hours ago - GlobeNewsWire

California Water Service Group (CWT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

6 days ago - Zacks Investment Research

California Water Service (CWT) gets rid of its old elevated water tank as it fell short of the seismic standards. Therefore, a new water pressure system is introduced.

1 week ago - Zacks Investment Research

SAN JOSE, Calif., July 09, 2021 (GLOBE NEWSWIRE) -- Following yesterday's expansion of the emergency drought declaration in California by Governor Gavin Newsom, California Water Service (Cal Water) toda...

2 weeks ago - GlobeNewsWire

Water utility stocks jump amid severe drought conditions

YouTube video

CNBC's Kristina Partsinevelos reports on the severe drought affecting California and other states in the U.S.

Other stocks mentioned: AWK, AWR, WTRG
2 weeks ago - CNBC Television

SAN JOSE, Calif., July 08, 2021 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) today announced that its second quarter 2021 earnings results will be released at 9:00 a.m. ET with its tel...

2 weeks ago - GlobeNewsWire

California Water Service's (CWT) unit submits its 2022-2024 infrastructure improvement plans to the CPUC.

3 weeks ago - Zacks Investment Research

SAN JOSE, Calif., July 02, 2021 (GLOBE NEWSWIRE) -- As part of its commitment to provide a reliable supply of safe, clean water and affordable service to the communities it serves, California Water Serv...

3 weeks ago - GlobeNewsWire

California Water (CWT) commences water main replacement work at central Los Altos to improve reliability of its services and ensure an uninterrupted supply of the same.

3 weeks ago - Zacks Investment Research

California Water (CWT) concludes replacement work at central Salinas as part of its ongoing initiative to maintain water system infrastructure in the Salinas District.

4 weeks ago - Zacks Investment Research

Water utilities like American Water (AWK), Essential Utilities (WTRG), and California Water Services (CWT) are making steady investments to upgrade and maintain their aging infrastructure.

Other stocks mentioned: AWK, WTRG
1 month ago - Zacks Investment Research

California Water (CWT) initiates replacement and upgrade of water mains at Rolling Hills to increase reliability of its services and ensure 24x7 water supply.

1 month ago - Zacks Investment Research

SAN JOSE, Calif., June 17, 2021 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) announced today the recipients of its 8th annual college scholarship program. In total, Group provi...

1 month ago - GlobeNewsWire

California Water's (CWT) extending customer base, strategic capital budgets and constant rate hikes are likely to strengthen its existing operations.

1 month ago - Zacks Investment Research

SAN JOSE, Calif., June 15, 2021 (GLOBE NEWSWIRE) -- As part of its drought management and response plan, California Water Service (Cal Water) filed its updated Water Shortage Contingency Plan (Schedule ...

1 month ago - GlobeNewsWire

California Water's (CWT) unit Hawaii Water Service inks deal to buy assets of HOH Utilities. This will widen its presence on the island of Kauai along with enhancing the reliability of its services.

1 month ago - Zacks Investment Research

Acquisition Expands Utility's Footprint onto Island of Kauai Acquisition Expands Utility's Footprint onto Island of Kauai

1 month ago - GlobeNewsWire

SAN JOSE, Calif., May 26, 2021 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) announced the election of Dr. Yvonne (Bonnie) A. Maldonado, 65, to the company's Board of Directors ...

2 months ago - GlobeNewsWire

Students Proved Greywater can be Used to Solve Water Conservation Problems for Winning Entry Students Proved Greywater can be Used to Solve Water Conservation Problems for Winning Entry

2 months ago - GlobeNewsWire

Twelve Districts Now Within Counties with State Drought Declarations Twelve Districts Now Within Counties with State Drought Declarations

2 months ago - GlobeNewsWire

Texas Water Service Enters into Strategic Partnership with BVRT Utility Holding Company Texas Water Service Enters into Strategic Partnership with BVRT Utility Holding Company

2 months ago - GlobeNewsWire

WAIKOLOA, Hawaii, May 03, 2021 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) subsidiary Hawaii Water Service (Hawaii Water) has completed the acquisition of Kapalua Water Compan...

2 months ago - GlobeNewsWire

SAN JOSE, Calif., April 30, 2021 (GLOBE NEWSWIRE) -- For its comprehensive efforts to support employees, customers, and the communities it serves throughout the coronavirus pandemic, California Water Se...

2 months ago - GlobeNewsWire

California Water (CWT) posts wider-than-expected loss for the first quarter. The top line, however, rises year over year along with surpassing estimates.

2 months ago - Zacks Investment Research

California Water Service Group (CWT) delivered earnings and revenue surprises of -100.00% and 12.78%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the...

2 months ago - Zacks Investment Research

SAN JOSE, Calif., April 29, 2021 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) ( “Company”) today announced a net loss of $3.0 million or $0.06 net loss per diluted common share for the...

2 months ago - GlobeNewsWire

With the Fed maintaining an easy monetary policy, rate-sensitive stocks like Middlesex Water (MSEX), MYR Group (MYRG), California Water Service (CWT), Newmont (NEM) & FrancoNevada (FNV) are likely to gain.

Other stocks mentioned: FNV, MSEX, MYRG, NEM
2 months ago - Zacks Investment Research

SAN JOSE, Calif., April 28, 2021 (GLOBE NEWSWIRE) -- At its meeting today, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 305th consecutive quarterly dividend i...

3 months ago - GlobeNewsWire

California Water (CWT) is replacing old water infrastructure with new ones in northeast Bakersfield to increase the reliability and safety of its services.

3 months ago - Zacks Investment Research

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.

3 months ago - Zacks Investment Research

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 months ago - GlobeNewsWire

3 Water Supply Stocks to Tap Amid Industry's Aging Infrastructure Woes

Other stocks mentioned: AWK, WTRG
3 months ago - Zacks Investment Research

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...

3 months ago - GlobeNewsWire

Rapidly rising water prices illustrate the tightening supply/demand situation in what is undoubtedly California's - and the world's - most important commodity.

3 months ago - Forbes

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...

3 months ago - GlobeNewsWire

California Water's (CWT) improving customer base, strategic investments and constant rate hikes are likely to boost its existing operations.

3 months ago - Zacks Investment Research

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.

3 months ago - Zacks Investment Research

Agreement Includes Option for Purchase Agreement Includes Option for Purchase

3 months ago - GlobeNewsWire

Looking for stocks to benefit from the infrastructure bill? Make sure you consider EV stocks, wastewater stocks and even this top REIT.

Other stocks mentioned: AWK, BIPC, BLNK, CAT, CCI, CCIV, CHPT ...
3 months ago - InvestorPlace

California Water Service (CWT) has been struggling lately, but the selling pressure may be coming to an end soon

4 months ago - Zacks Investment Research

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.

Other stocks mentioned: ATO, FNV, NEM, SJI
4 months ago - Zacks Investment Research

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...

4 months ago - Zacks Investment Research

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 ...

4 months ago - GlobeNewsWire

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.

4 months ago - Zacks Investment Research

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...

4 months ago - GlobeNewsWire

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.

5 months ago - Zacks Investment Research

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...

5 months ago - Zacks Investment Research

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...

5 months ago - GlobeNewsWire

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

5 months ago - GlobeNewsWire

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.

5 months ago - Zacks Investment Research

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
Full Company Profile

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%.

Financial Statements

Analyst Forecasts

According to 6 analysts, the average rating for CWT stock is "Hold." The 12-month stock price forecast is 52.00, which is a decrease of -15.54% from the latest price.

Price Target
$52.00
(-15.54% downside)
Analyst Consensus: Hold