California Water Service Group (CWT) to Release Earnings on Thursday

California Water Service Group (NYSE:CWT - Get Free Report) is expected to be issuing its Q2 2025 quarterly earnings data before the market opens on Thursday, July 31st. Analysts expect California Water Service Group to post earnings of $0.40 per share and revenue of $238.20 million for the quarter.

California Water Service Group (NYSE:CWT - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.22 EPS for the quarter, topping the consensus estimate of $0.16 by $0.06. The business had revenue of $203.97 million during the quarter, compared to the consensus estimate of $194.80 million. California Water Service Group had a net margin of 13.84% and a return on equity of 8.32%. The company's quarterly revenue was down 24.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.21 earnings per share. On average, analysts expect California Water Service Group to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.

California Water Service Group Stock Down 0.4%

Shares of NYSE:CWT traded down $0.17 during trading on Friday, hitting $44.88. The company's stock had a trading volume of 367,541 shares, compared to its average volume of 315,386. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.49 and a current ratio of 0.53. The business has a 50 day moving average price of $46.20 and a two-hundred day moving average price of $46.60. The company has a market capitalization of $2.67 billion, a PE ratio of 19.68, a P/E/G ratio of 2.21 and a beta of 0.64. California Water Service Group has a fifty-two week low of $41.64 and a fifty-two week high of $56.25.

California Water Service Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 12th were paid a dividend of $0.30 per share. The ex-dividend date was Monday, May 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.67%. California Water Service Group's payout ratio is currently 52.63%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CWT shares. Wall Street Zen downgraded shares of California Water Service Group from a "hold" rating to a "sell" rating in a research note on Saturday, June 21st. Seaport Res Ptn raised shares of California Water Service Group from a "hold" rating to a "strong-buy" rating in a report on Friday, April 11th. Finally, Wells Fargo & Company increased their price target on shares of California Water Service Group from $54.00 to $59.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd.

Insider Transactions at California Water Service Group

In other news, Director Lester A. Snow sold 1,200 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $46.51, for a total transaction of $55,812.00. Following the completion of the transaction, the director directly owned 26,349 shares of the company's stock, valued at $1,225,491.99. This trade represents a 4.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.77% of the company's stock.

Institutional Trading of California Water Service Group

A number of hedge funds have recently bought and sold shares of CWT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in California Water Service Group by 8.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,341 shares of the utilities provider's stock worth $2,294,000 after acquiring an additional 3,810 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of California Water Service Group by 21.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 311,502 shares of the utilities provider's stock valued at $15,095,000 after purchasing an additional 54,277 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of California Water Service Group in the 1st quarter valued at $5,979,000. Focus Partners Wealth boosted its holdings in shares of California Water Service Group by 432.4% in the 1st quarter. Focus Partners Wealth now owns 27,161 shares of the utilities provider's stock valued at $1,316,000 after purchasing an additional 22,059 shares during the last quarter. Finally, Intech Investment Management LLC boosted its holdings in shares of California Water Service Group by 16.4% in the 1st quarter. Intech Investment Management LLC now owns 28,810 shares of the utilities provider's stock valued at $1,396,000 after purchasing an additional 4,055 shares during the last quarter. Institutional investors and hedge funds own 82.78% of the company's stock.

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.