California Water Service Group (CWT)

NYSE: CWT · IEX Real-Time Price · USD
63.15
+0.17 (0.27%)
Aug 16, 2022 3:55 PM EDT - Market open
0.27%
Market Cap 3.43B
Revenue (ttm) 809.24M
Net Income (ttm) 86.50M
Shares Out 54.36M
EPS (ttm) 1.65
PE Ratio 38.27
Forward PE 34.48
Dividend $0.98 (1.55%)
Ex-Dividend Date Aug 5, 2022
Volume 62,271
Open 62.81
Previous Close 62.98
Day's Range 62.60 - 63.39
52-Week Range 48.46 - 72.08
Beta 0.33
Analysts Sell
Price Target 57.89 (-8.3%)
Earnings Date Jul 28, 2022

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. It offers its services to approximately 494,500 customer connections in 100 California communities; approximately 6,200 water and wastewater customer connections on the islands of Mau... [Read more...]

Industry Water Utilities
Founded 1926
CEO Martin Kropelnicki
Employees 1,182
Stock Exchange NYSE
Ticker Symbol CWT
Full Company Profile

Financial Performance

In 2021, CWT's revenue was $790.91 million, a decrease of -0.43% compared to the previous year's $794.31 million. Earnings were $101.13 million, an increase of 4.43%.

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for CWT stock is "Sell." The 12-month stock price forecast is 57.89, which is a decrease of -8.33% from the latest price.

Price Target
$57.89
(-8.33% downside)
Analyst Consensus: Sell
Stock Forecasts

News

California Water Service Secures More Than $4 Million in Funding From Water Replenishment District for PFOS, PFOA Rem...

Grant Reduces Costs of Treatment for Customers Grant Reduces Costs of Treatment for Customers

California Water (CWT) Q2 Earnings & Revenues Miss Estimates

California Water's (CWT) second-quarter earnings lag estimates. California Water gains from investments to strengthen its infrastructure.

California Water Service Group (CWT) Q2 Earnings and Revenues Lag Estimates

California Water Service Group (CWT) delivered earnings and revenue surprises of -40% and 7.54%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

California Water Service Group Announces Second Quarter 2022 Results

SAN JOSE, Calif., July 28, 2022 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) ( “Group”) today announced net income attributable to Group of $19.5 million or $0.36 earnings per diluted ...

California Water Service Group Subsidiaries to Acquire Systems in California and Washington

SAN JOSE, Calif., July 27, 2022 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE:CWT) subsidiaries California Water Service (Cal Water) and Washington Water Service (Washington Water) have signe...

California Water Service Group Board of Directors Declares 310th Consecutive Quarterly Dividend

SAN JOSE, Calif., July 27, 2022 (GLOBE NEWSWIRE) -- At its meeting today, the California Water Service Group (NYSE: CWT) Board of Directors declared the company's 310th consecutive quarterly dividend in...

California Water Service Group Announces Updated Dial-in Information for Earnings Conference Call

SAN JOSE, Calif., July 27, 2022 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) announced on July 7, 2022 that its second quarter 2022 earnings results will be released at 9:00 a.m. ET wi...

What to Expect From California Water (CWT) in Q2 Earnings?

California Water Service's (CWT) second-quarter results are likely to reflect the benefits of an increase in unbilled revenues, partly offset by an increase in operating expenses.

California Water Service Opens 2022 Firefighter Grant Program

Fire Departments in Utility's Service Areas Encouraged to Apply for Life-Saving Project, Equipment Funding Fire Departments in Utility's Service Areas Encouraged to Apply for Life-Saving Project, Equipm...

California Water Service Group Awards $80,000 to 12 Students Pursuing Higher Education Through 2022 College Scholarsh...

SAN JOSE, Calif., July 19, 2022 (GLOBE NEWSWIRE) -- As part of its commitment to investing in the communities it serves, California Water Service Group (Group) (NYSE: CWT) has awarded $80,000 in scholar...

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California Water Service Group To Announce Financial Results

SAN JOSE, Calif., July 07, 2022 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) today announced that its second quarter 2022 earnings results will be released at 9:00 a.m. ET with its con...

California Water (CWT) Arm Gets Nod to Acquire HOH Utilities

California Water's (CWT) unit, Hawaii Water Service, gets the approval to acquire the assets of HOH Utilities. California Water is likely to invest in infrastructure upgrades to provide quality services.

Hawaii Water Service Receives Hawaii Public Utilities Commission Approval to Acquire HOH Utilities

WAIKOLOA, Hawaii, July 06, 2022 (GLOBE NEWSWIRE) -- Hawaii Water Service (Hawaii Water) has received approval from the Hawaii Public Utilities Commission (Commission) to acquire the assets of HOH Utilit...

California Water (CWT) Arm, BVRT Duo Buys Wastewater System

California Water Service's (CWT) unit, Texas Water Service, in collaboration with BVRT Utility, further expands its customer base by closing the acquisition of Railyard Utility's wastewater system.

Texas Water Service Completes Purchase of Railyard Utility Wastewater System with Partner BVRT Utility Holding Company

SAN JOSE, Calif., June 22, 2022 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE:CWT) subsidiary Texas Water Service (Texas Water), through its strategic partnership with BVRT Utility Holding Co...

Cal Water Now in Stage 2 of Water Shortage Contingency Plan in All Districts, Irrigation Restrictions in Effect

SAN JOSE, Calif., June 10, 2022 (GLOBE NEWSWIRE) -- As part of its drought management and response plan, California Water Service (Cal Water) officially enters Stage 2 of its Water Shortage Contingency ...

California Water (CWT) Arm Gets Nod to Buy Skylonda Assets

California Water's (CWT) unit, California Water Service, gets the approval to acquire Skylonda Mutual Water Company. The company is likely to invest in infrastructure to provide quality services.

California Water Service Receives CPUC Approval to Acquire Skylonda Mutual Water Company

SAN JOSE, Calif., June 02, 2022 (GLOBE NEWSWIRE) -- California Water Service (Cal Water), the largest subsidiary of California Water Service Group (NYSE: CWT), received approval this week by the Califor...

California Water Service Secures Grant Funding for Water Supply Reliability Projects in Smaller, Water-Stressed Servi...

Three Grants Will Support Affordability for Affected Customers Three Grants Will Support Affordability for Affected Customers

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California Water Service Shares Findings of Report on Climate Change and Water Resource Sustainability

Analysis underscores need for ongoing infrastructure investments and stakeholder collaboration Analysis underscores need for ongoing infrastructure investments and stakeholder collaboration

California Water (CWT) Q1 Earnings Lag Estimates, Revenues Beat

California Water's (CWT) Q1 earnings lag estimates. California Water gains from investments to strengthen its infrastructure.

California Water Service Group (CWT) Q1 Earnings Miss Estimates

California Water Service Group (CWT) delivered earnings and revenue surprises of -60% and 12.33%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?