Zacks Research Has Positive Outlook for CWT Q3 Earnings

California Water Service Group (NYSE:CWT - Free Report) - Equities researchers at Zacks Research raised their Q3 2025 earnings estimates for shares of California Water Service Group in a report issued on Tuesday, March 11th. Zacks Research analyst R. Department now forecasts that the utilities provider will post earnings per share of $1.16 for the quarter, up from their previous forecast of $1.13. The consensus estimate for California Water Service Group's current full-year earnings is $3.15 per share. Zacks Research also issued estimates for California Water Service Group's Q4 2025 earnings at $0.57 EPS, Q3 2026 earnings at $1.19 EPS and Q4 2026 earnings at $0.69 EPS.

Other equities analysts have also recently issued research reports about the stock. Wells Fargo & Company raised shares of California Water Service Group from an "equal weight" rating to an "overweight" rating and lowered their price objective for the stock from $56.00 to $52.00 in a research note on Tuesday, January 7th. Bank of America began coverage on shares of California Water Service Group in a report on Wednesday, December 11th. They set a "buy" rating and a $57.00 price target for the company. Finally, StockNews.com upgraded shares of California Water Service Group from a "sell" rating to a "hold" rating in a research note on Saturday, February 8th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $53.25.

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California Water Service Group Price Performance

California Water Service Group stock traded down $0.11 during trading hours on Thursday, hitting $47.39. 331,340 shares of the company traded hands, compared to its average volume of 308,509. The firm has a market cap of $2.82 billion, a P/E ratio of 13.70, a P/E/G ratio of 0.46 and a beta of 0.49. The company has a quick ratio of 0.60, a current ratio of 0.64 and a debt-to-equity ratio of 0.64. The firm's 50-day simple moving average is $45.08 and its two-hundred day simple moving average is $49.05. California Water Service Group has a 1-year low of $41.64 and a 1-year high of $56.25.

California Water Service Group (NYSE:CWT - Get Free Report) last released its earnings results on Thursday, February 27th. The utilities provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.05). The company had revenue of $222.20 million for the quarter, compared to analyst estimates of $216.37 million. California Water Service Group had a net margin of 19.56% and a return on equity of 13.24%. During the same period in the previous year, the business posted $0.52 EPS.

California Water Service Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were issued a dividend of $0.30 per share. This is a boost from California Water Service Group's previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend was Monday, February 10th. California Water Service Group's payout ratio is currently 36.70%.

Institutional Trading of California Water Service Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Parkworth Wealth Management Inc. bought a new stake in shares of California Water Service Group in the 4th quarter valued at about $50,000. Sterling Capital Management LLC increased its stake in California Water Service Group by 785.8% during the 4th quarter. Sterling Capital Management LLC now owns 1,435 shares of the utilities provider's stock worth $65,000 after purchasing an additional 1,273 shares in the last quarter. Putney Financial Group LLC bought a new stake in California Water Service Group during the 4th quarter worth approximately $78,000. Federated Hermes Inc. increased its stake in California Water Service Group by 27.6% during the 4th quarter. Federated Hermes Inc. now owns 1,969 shares of the utilities provider's stock worth $89,000 after purchasing an additional 426 shares in the last quarter. Finally, Millstone Evans Group LLC acquired a new position in California Water Service Group during the 4th quarter worth approximately $102,000. 82.78% of the stock is owned by institutional investors.

California Water Service Group Company Profile

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 services.