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NYSE:CWT

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

$53.85
-0.57 (-1.05%)
(As of 11:44 AM ET)

About California Water Service Group Stock (NYSE:CWT)

Key Stats

Today's Range
$53.72
$54.45
50-Day Range
$51.06
$55.49
52-Week Range
$43.50
$56.25
Volume
44,784 shs
Average Volume
330,860 shs
Market Capitalization
$3.11 billion
P/E Ratio
21.54
Dividend Yield
2.08%
Price Target
$53.67
Consensus Rating
Hold

Company Overview

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. It offers its services to approximately 497,700 customer connections in 100 California communities; approximately 6,500 water and wastewater customer connections on the islands of Maui, Oahu, and Hawaii; approximately 38,000 customer connections in the Tacoma, Olympia, Graham, Spanaway, Puyallup, Rainier, Yelm, and Gig Harbor areas; and approximately 11,400 water and wastewater customer connections in Rio Communities, Rio Del Oro, Meadow Lake, Indian Hills, Squaw Valley, Elephant Butte, Morningstar, Sandia Knolls, Juan Tomas, and Cypress Gardens systems. The company also engages in the provision of non-regulated water-related services, including operating of municipally owned water systems, privately owned water, and recycled water distribution systems; water system operation, meter reading, and billing services to private companies and municipalities; leasing of communication antenna sites on its properties; and billing of optional third-party insurance programs to its residential customers. In addition, it provides lab, wastewater collection, and treatment services. California Water Service Group was founded in 1926 and is headquartered in San Jose, California.

California Water Service Group Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 86th Percentile

California Water Service Group scored higher than 86% of companies evaluated by MarketBeat, and ranked 24th out of 94 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Earnings Growth

    Earnings for California Water Service Group are expected to decrease by -28.83% in the coming year, from $3.33 to $2.37 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of California Water Service Group is 21.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.64.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of California Water Service Group is 21.78, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 93.50.

  • Price to Book Value per Share Ratio

    California Water Service Group has a P/B Ratio of 2.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about California Water Service Group's valuation and earnings.
  • Percentage of Shares Shorted

    0.95% of the outstanding shares of California Water Service Group have been sold short.
  • Short Interest Ratio / Days to Cover

    California Water Service Group has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in California Water Service Group has recently increased by 53.12%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    California Water Service Group pays a meaningful dividend of 2.10%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    California Water Service Group has been increasing its dividend for 58 years.

  • Dividend Coverage

    The dividend payout ratio of California Water Service Group is 44.80%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, California Water Service Group will have a dividend payout ratio of 47.26% next year. This indicates that California Water Service Group will be able to sustain or increase its dividend.

  • Read more about California Water Service Group's dividend.
  • Percentage of Shares Shorted

    0.95% of the outstanding shares of California Water Service Group have been sold short.
  • Short Interest Ratio / Days to Cover

    California Water Service Group has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in California Water Service Group has recently increased by 53.12%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    California Water Service Group has a news sentiment score of 0.90. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.51 average news sentiment score of Utilities companies.
  • News Coverage This Week

    MarketBeat has tracked 15 news articles for California Water Service Group this week, compared to 4 articles on an average week.
  • Search Interest

    8 people have searched for CWT on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, California Water Service Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $202,318.00 in company stock.

  • Percentage Held by Insiders

    Only 0.73% of the stock of California Water Service Group is held by insiders.

  • Percentage Held by Institutions

    82.78% of the stock of California Water Service Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about California Water Service Group's insider trading history.

CWT Stock News Headlines

Photo of a red king chess piece surrounded by fallen black chess pieces.
Dividend Aristocrats or Dividend Kings: Which Is Best for You? (CWT)
This article discusses the difference between dividend aristocrats and kings and helps investors decide which option is better for their portfolios.
Trump Warns Gov. Can Confiscate Your Money. CBDC's give Gov. absolute
Donald Trump once again sounded the alarm against Fed-controlled digital currencies (CBDCs). If these plans are implemented, it could mean the end of America as we know it.
California Water Service Group: Buy It And Let It Drip
California Water Service Group (NYSE:CWT) Short Interest Up 53.1% in August
See More Headlines

CWT Stock Analysis - Frequently Asked Questions

California Water Service Group's stock was trading at $51.87 on January 1st, 2024. Since then, CWT shares have increased by 5.0% and is now trading at $54.44.
View the best growth stocks for 2024 here
.

California Water Service Group (NYSE:CWT) released its quarterly earnings data on Thursday, August, 1st. The utilities provider reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.28. The business's revenue for the quarter was up 25.9% compared to the same quarter last year.

California Water Service Group's top institutional shareholders include Nuance Investments LLC (4.63%), Dimensional Fund Advisors LP (2.23%), Wulff Hansen & CO. (1.82%) and Deprince Race & Zollo Inc. (1.20%). Insiders that own company stock include Thomas M Krummel, Lester A Snow, Michael B Luu, David B Healey, Robert J Kuta and Michelle R Mortensen.
View institutional ownership trends
.

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.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that California Water Service Group investors own include (NCIT) (NCIT), Ford Motor (F), SJW Group (SJW), American States Water (AWR), Alibaba Group (BABA), Pfizer (PFE) and Consolidated Edison (ED).

Company Calendar

Last Earnings
8/01/2024
Ex-Dividend for 8/23 Dividend
8/12/2024
Ex-Dividend for 8/23 Dividend
8/12/2024
Dividend Payable
8/23/2024
Dividend Payable
8/23/2024
Today
9/19/2024
Next Earnings (Estimated)
10/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Water supply
Sub-Industry
Water Utilities
CUSIP
13078810
Employees
1,266
Year Founded
1926

Price Target and Rating

Average Stock Price Target
$53.67
High Stock Price Target
$57.00
Low Stock Price Target
$49.00
Potential Upside/Downside
-1.4%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$51.91 million
Pretax Margin
17.65%

Debt

Sales & Book Value

Annual Sales
$984.54 million
Cash Flow
$3.10 per share
Book Value
$24.78 per share

Miscellaneous

Free Float
57,332,000
Market Cap
$3.14 billion
Optionable
Optionable
Beta
0.49

This page (NYSE:CWT) was last updated on 9/19/2024 by MarketBeat.com Staff
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