Skip to main content

California Water Service Group (CWT)

NYSE: CWT · IEX Real-Time Price · USD
61.01 0.39 (0.64%)
Oct 15, 2021 4:00 PM EDT - Market closed
Market Cap3.14B
Revenue (ttm)854.12M
Net Income (ttm)147.05M
Shares Out51.08M
EPS (ttm)2.93
PE Ratio20.86
Forward PE32.68
Dividend$0.89 (1.45%)
Ex-Dividend DateAug 6, 2021
Volume263,599
Open61.15
Previous Close60.62
Day's Range60.72 - 61.37
52-Week Range43.55 - 65.99
Beta0.17
AnalystsHold
Price Target57.58 (-5.6%)
Est. Earnings DateNov 5, 2021

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...

IndustryWater Utilities
Founded1926
CEOMartin Kropelnicki
Employees1,192
Stock ExchangeNYSE
Ticker SymbolCWT
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 Forecast

According to 6 analysts, the average rating for CWT stock is "Hold." The 12-month stock price forecast is 57.58, which is a decrease of -5.62% from the latest price.

Price Target
$57.58
(-5.62% downside)
Analyst Consensus: Hold

News

California Water Service Group Schedules Third Quarter 2021 Earnings Results Announcement and Conference Call

SAN JOSE, Calif., Oct. 07, 2021 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) today announced that its third quarter 2021 earnings results will be released at 9:00 a.m. ET with its conf...

1 week ago - GlobeNewsWire

California Water Service Group Receives Great Place to Work® Distinction for Sixth Consecutive Year

SAN JOSE, Calif., Oct. 06, 2021 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) has been named a Great Place to Work for the sixth year in a row by the Great Place to Work® Instit...

1 week ago - GlobeNewsWire

CWT or PRMW: Which Utility Water Supply Stock to Buy Now?

At present, California Water Service (CWT) appears to be a better water supply stock to add to your portfolio than Primo Water (PRMW).

Other symbols:PRMW
1 week ago - Zacks Investment Research

California Water Service Expands Resources Available to Local Firefighters For 2021 Firefighter Grant Program, Applic...

SAN JOSE, Calif., Oct. 04, 2021 (GLOBE NEWSWIRE) -- California Water Service (Cal Water) announced today it has opened its Firefighter Grant Program's 2021 cycle, increasing the amount it will provide l...

1 week ago - GlobeNewsWire

California Water's (CWT) Arm Upgrades Water Main in Bodfish

California Water's (CWT) subsidiary completes the replacement work of a water main in Bodfish to improve the supply of water for its customers as well as firefighters.

1 week ago - Zacks Investment Research

California Water Service Group Launches New Employee Charitable Donation Matching Program

Program Expands Impact of Employees' Support for Local Communities and Non-Profits Program Expands Impact of Employees' Support for Local Communities and Non-Profits

3 weeks ago - GlobeNewsWire

Amid Drought, Billionaires Control A Critical California Water Bank

Stewart and Lynda Resnick have built an $8 billion farming fortune. But it never would have happened if they hadn't privatized majority ownership of California's Kern Water Bank.

3 weeks ago - Forbes

California Water (CWT) Provides Recycled Water to Tesoro Viejo

California Water's (CWT) unit begins delivery of recycled water to Tesoro Viejo for landscaping and irrigation needs of its residents.

1 month ago - Zacks Investment Research

California Water Service Begins Delivering Recycled Water for Tesoro Viejo Master Mutual Water Company and Community ...

SAN JOSE, Calif., Sept. 14, 2021 (GLOBE NEWSWIRE) -- As part of their mutual commitment to being responsible stewards of the environment and Earth's most precious natural resource, California Water Serv...

1 month ago - GlobeNewsWire

Reasons to Add California Water (CWT) to Your Portfolio Now

California Water Service (CWT) makes a strong case for investment, given its positive estimate revision, regular investments to strengthen operations and demand from the expanding customer base.

1 month ago - Zacks Investment Research

3 Water Utilities to Buy That Outperformed Industry YTD

Nonstop services amid the pandemic and investments to retain infrastructure lead utilities like California Water (CWT), Middlesex Water (MSEX) and American States (AWR) to outperform the industry.

Other symbols:AWRMSEX
1 month ago - Zacks Investment Research

Here's Why California Water Service Group (CWT) is a Great Momentum Stock to Buy

Does California Water Service Group (CWT) have what it takes to be a top stock pick for momentum investors? Let's find out.

1 month ago - Zacks Investment Research

California Water (CWT) Completes Water Main Replacement Project

California Water Service (CWT) finishes water main replacement project to ensure 24X7 supply of reliable water services to its Woodside customers.

1 month ago - Zacks Investment Research

Cal Water Offers New Water-Saving Landscaping Programs

Incentives Now Available for Garden Conversions and Drip Irrigation Incentives Now Available for Garden Conversions and Drip Irrigation

1 month ago - GlobeNewsWire

2021 Top Workplace Honor Marks Decade of Recognition for California Water Service Group by Bay Area News Group

SAN JOSE, Calif., Aug. 31, 2021 (GLOBE NEWSWIRE) -- For the 10th consecutive year, the Bay Area News Group has named California Water Service Group (Group) (NYSE: CWT) one of the Top Workplaces in the B...

1 month ago - GlobeNewsWire

AWR or CWT: Which Water Utility Stock to Add to Your Portfolio?

At present, Middlesex Water (MSEX) is a better water utility than California Water Service (CWT), given its better earnings estimate revision and strong price performance.

Other symbols:MSEX
1 month ago - Zacks Investment Research

California Water Service Announces Support for Setting Public Health Goals for “Forever Chemicals” in Drinking Water

SAN JOSE, Calif., Aug. 23, 2021 (GLOBE NEWSWIRE) -- (NYSE: CWT)—Continuing its track record as an industry leader in providing a reliable supply of clean, safe, and affordable drinking water, California...

1 month ago - GlobeNewsWire

4 Water Utility Stocks to Watch in a Flourishing Industry

Water Utility companies like AWK, WTRG, CWT, and MSEX are poised to benefit from stable demand for water and wastewater services across the United States. Their systematic investments will enable them t...

Other symbols:AWKMSEXWTRG
1 month ago - Zacks Investment Research

California Water's (CWT) Investments, Rate Hikes Bode Well

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

Fretting Over S&P 500's Worst Day in a Month? Here're 5 Safe Stocks

Invest in safe bets like Middlesex Water (MSEX) & Albertsons (ACI) as the delta variant, dip in retail numbers, sluggish China's economy and tensions in Afghanistan threaten to impact the stock market.

Other symbols:ACIIPARJJSFMSEX
1 month ago - Zacks Investment Research

Cal Water Partners with La Rosa Bars to Develop Limited Edition Fruit Bar for Charity

SAN JOSE, Calif., Aug. 11, 2021 (GLOBE NEWSWIRE) -- As part of its commitments to both conserving water and supporting its communities, California Water Service (Cal Water), the largest subsidiary of Ca...

2 months ago - GlobeNewsWire

California Water (CWT) Arm Gets Nod to Buy Assets at Millerton

California Water Service's (CWT) unit gets a regulatory nod from the state's public utilities commission to acquire the water and wastewater systems at Millerton for serving the local community.

2 months ago - Zacks Investment Research

4 Ultra-Safe Stocks to Buy on Rising Delta Variant Concerns

Invest in ultra-safe stocks like J & J Snack Foods (JJSF) & Middlesex Water (MSEX) as the continuous spread of the delta variant dampened enthusiasm surrounding economic recovery.

Other symbols:CSVJJSFMSEX
2 months ago - Zacks Investment Research

California Water Service Receives Regulatory Approval to Acquire Preserve at Millerton Water, Wastewater Systems

SAN JOSE, Calif., Aug. 09, 2021 (GLOBE NEWSWIRE) -- California Water Service, the largest subsidiary of California Water Service Group (Group) (NYSE: CWT), received approval late last week from the Cali...

2 months ago - GlobeNewsWire

California Water (CWT) Earnings & Revenues Beat Mark in Q2

California Water (CWT) posts better-than-expected results for the second quarter. Both the top and the bottom line also improve year over year.

2 months ago - Zacks Investment Research