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California Water Service Group (CWT)

Stock Price: $60.31 USD -0.24 (-0.40%)
Updated Apr 16, 2021 4:00 PM EDT - Market closed
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

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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...

2 days ago - GlobeNewsWire

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

Other stocks mentioned: AWK, WTRG
2 days 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 days 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.

1 week 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...

1 week ago - GlobeNewsWire

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

1 week 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.

1 week ago - Zacks Investment Research

Agreement Includes Option for Purchase Agreement Includes Option for Purchase

2 weeks 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 ...
2 weeks ago - InvestorPlace

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

3 weeks 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
1 month 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...

1 month 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 ...

1 month 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.

1 month 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...

1 month 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.

1 month 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...

1 month 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...

2 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

2 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.

2 months ago - Zacks Investment Research

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...

Other stocks mentioned: ADM, AIRC, AIV, ALG, ALLY, ANTM, APD ...
2 months ago - Seeking Alpha

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...

2 months ago - GlobeNewsWire

A dashboard with industry metrics in utilities. Value and quality scores, and their evolution since last month.

Other stocks mentioned: AWR, BKH, DTE, DTJ, DTW, ETR, FUTY ...
2 months ago - Seeking Alpha

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...

2 months ago - GlobeNewsWire

K-12 Students and Teachers Encouraged to Engage in Water Conservation Projects K-12 Students and Teachers Encouraged to Engage in Water Conservation Projects

3 months ago - GlobeNewsWire

To combat market volatility, create a portfolio of low-beta stocks.

Other stocks mentioned: EGOV, INVA, OMI, VSTO
3 months ago - Zacks Investment Research

Here's how the 10 largest dividend-paying water utility stocks stack up.

Other stocks mentioned: ARTNA, AWK, AWR, GWRS, MSEX, SBS, SJW ...
3 months ago - The Motley Fool

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...

3 months ago - GlobeNewsWire

Growing Risks For Regulated Water Utility Investors

Other stocks mentioned: AQN, ARTNA, AWK, AWR, CWCO, MSEX, SJW ...
3 months ago - Seeking Alpha

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.

3 months ago - Zacks Investment Research

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...

Other stocks mentioned: PRMW, WTRG
4 months ago - Zacks Investment Research

California Water Service's (CWT) arm reaches an agreement to buy the wastewater assets of Keauhou Community Services.

4 months ago - Zacks Investment Research

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...

4 months ago - GlobeNewsWire

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...

4 months ago - GlobeNewsWire

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...

4 months ago - GlobeNewsWire

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...

4 months ago - GlobeNewsWire

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...

4 months ago - GlobeNewsWire

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)

Other stocks mentioned: CASH, CBT, CTB, FOR
4 months ago - Zacks Investment Research

To combat market volatility, it is of utmost importance to create a portfolio of low-beta stocks.

Other stocks mentioned: EGOV, INVA, OMI, SMP
4 months ago - Zacks Investment Research

4 Utility Water Supply Stocks to Watch Amid Coronavirus Woes

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

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 ...

4 months ago - GlobeNewsWire

California Water Service (CWT) makes a strong case for investment, courtesy of increasing estimates, steady capital expenditure and expansion of operations through acquisitions.

4 months ago - Zacks Investment Research

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.

4 months ago - Seeking Alpha

California Water Service Group (CWT) CEO Martin Kropelnicki on Q3 2020 Results - Earnings Call Transcript

5 months ago - Seeking Alpha

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...

5 months ago - Zacks Investment Research

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 ...

5 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

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.

5 months ago - Zacks Investment Research

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...

5 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

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 50.80, which is a decrease of -15.77% from the latest price.

Price Target
$50.80
(-15.77% downside)
Analyst Consensus: Hold