California Water Service Group (CWT) Stock Price, News & Analysis

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for California Water Service Group in the last year. There are currently 2 sell ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" CWT shares.
View CWT analyst ratings or view top-rated stocks.

3 brokers have issued 12-month price targets for California Water Service Group's shares. Their CWT share price targets range from $47.00 to $66.00. On average, they anticipate the company's share price to reach $56.50 in the next twelve months. This suggests a possible upside of 20.2% from the stock's current price.
View analysts price targets for CWT or view top-rated stocks among Wall Street analysts.

California Water Service Group's stock was trading at $51.87 at the start of the year. Since then, CWT stock has decreased by 9.4% and is now trading at $46.99.
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California Water Service Group saw a decline in short interest in January. As of January 15th, there was short interest totaling 611,800 shares, a decline of 12.8% from the December 31st total of 701,400 shares. Based on an average daily trading volume, of 268,600 shares, the short-interest ratio is currently 2.3 days. Currently, 1.3% of the shares of the company are sold short.
View California Water Service Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 29th 2024.
View our CWT earnings forecast.

California Water Service Group will be holding an earnings conference call on Thursday, February 29th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 609-800-9909 with passcode "4241548".

California Water Service Group (NYSE:CWT) posted its earnings results on Thursday, March, 2nd. The utilities provider reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.13. The utilities provider earned $200.94 million during the quarter, compared to analyst estimates of $180.14 million. California Water Service Group had a trailing twelve-month return on equity of 3.04% and a net margin of 5.29%. During the same period in the prior year, the company earned $0.07 EPS.

California Water Service Group declared a quarterly dividend on Thursday, January 25th. Shareholders of record on Monday, February 12th will be paid a dividend of $1.12 per share on Friday, February 23rd. This represents a $4.48 annualized dividend and a yield of 9.53%. The ex-dividend date is Friday, February 9th. This is a boost from the stock's previous quarterly dividend of $0.26.
Read our dividend analysis for CWT.

California Water Service Group (NYSE:CWT) pays an annual dividend of $1.12 per share and currently has a dividend yield of 2.21%. The company has been increasing its dividend for 57 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 155.56%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, CWT will have a dividend payout ratio of 49.78% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CWT.

ETFs with the largest weight of California Water Service Group (NYSE:CWT) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), Invesco S&P Global Water Index ETF (CGW), First Trust Water ETF (FIW), Global X Clean Water ETF (AQWA), Opus Small Cap Value Plus ETF (OSCV), iShares Environmental Infrastructure and Industrials ETF (EFRA), Ecofin Global Water ESG Fund (EBLU) and Invesco Water Resources ETF (PHO).

14 employees have rated California Water Service Group Chief Executive Officer Martin Kropelnicki on Glassdoor.com. Martin Kropelnicki has an approval rating of 100% among the company's employees. This puts Martin Kropelnicki in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other California Water Service Group investors own include (NCIT) (NCIT), Ford Motor (F), SJW Group (SJW), American States Water (AWR), Alibaba Group (BABA), Pfizer (PFE), Consolidated Edison (ED), Enterprise Products Partners (EPD), General Electric (GE) and McDonald's (MCD).

California Water Service Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include Nuance Investments LLC (3.71%), Dimensional Fund Advisors LP (2.16%), Charles Schwab Investment Management Inc. (1.06%), Norges Bank (0.96%), Principal Financial Group Inc. (0.55%) and Victory Capital Management Inc. (0.48%). Insiders that own company stock include David B Healey, Elissa Y Ouyang, Gerald A Simon, Lester A Snow, Lynne P Mcghee, Michael B Luu, Michelle R Mortensen, Robert J Kuta, Terry Bayer and Thomas M Krummel.
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Shares of CWT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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