California Water Service Group to Post FY2026 Earnings of $2.57 Per Share, Seaport Res Ptn Forecasts (NYSE:CWT)

California Water Service Group (NYSE:CWT - Free Report) - Research analysts at Seaport Res Ptn issued their FY2026 earnings per share estimates for shares of California Water Service Group in a research report issued on Wednesday, April 24th. Seaport Res Ptn analyst A. Storozynski expects that the utilities provider will earn $2.57 per share for the year. The consensus estimate for California Water Service Group's current full-year earnings is $2.25 per share.

A number of other equities research analysts also recently weighed in on the stock. Robert W. Baird boosted their price target on shares of California Water Service Group from $52.00 to $55.00 and gave the stock an "outperform" rating in a research note on Friday. TheStreet cut shares of California Water Service Group from a "b-" rating to a "c+" rating in a research report on Wednesday, February 14th. UBS Group raised California Water Service Group from a "sell" rating to a "neutral" rating and set a $49.00 price objective for the company in a research note on Thursday, April 4th. Finally, StockNews.com raised California Water Service Group from a "sell" rating to a "hold" rating in a research note on Friday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, California Water Service Group currently has a consensus rating of "Hold" and an average price target of $54.25.

California Water Service Group Trading Down 0.2 %

California Water Service Group stock traded down $0.12 during trading hours on Friday, reaching $47.93. 401,414 shares of the company's stock traded hands, compared to its average volume of 366,920. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 53.85 and a beta of 0.49. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.65 and a current ratio of 0.69. California Water Service Group has a fifty-two week low of $43.50 and a fifty-two week high of $58.30. The firm's 50 day moving average is $46.11 and its 200-day moving average is $48.31.

California Water Service Group (NYSE:CWT - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The utilities provider reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $1.00. The business had revenue of $270.75 million for the quarter, compared to analyst estimates of $183.85 million. California Water Service Group had a return on equity of 3.75% and a net margin of 6.53%. The firm's revenue for the quarter was up 106.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.40) earnings per share.

California Water Service Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Monday, May 6th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Friday, May 3rd. California Water Service Group's dividend payout ratio is currently 125.84%.

Institutional Investors Weigh In On California Water Service Group

A number of hedge funds have recently modified their holdings of the business. Norges Bank bought a new stake in California Water Service Group in the 4th quarter valued at $28,614,000. Nuance Investments LLC lifted its holdings in shares of California Water Service Group by 28.3% in the third quarter. Nuance Investments LLC now owns 2,175,780 shares of the utilities provider's stock valued at $102,936,000 after purchasing an additional 479,457 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of California Water Service Group by 4.0% during the third quarter. Vanguard Group Inc. now owns 7,099,486 shares of the utilities provider's stock worth $335,877,000 after buying an additional 270,786 shares during the period. Invesco Ltd. grew its holdings in shares of California Water Service Group by 28.2% during the third quarter. Invesco Ltd. now owns 1,096,314 shares of the utilities provider's stock worth $51,867,000 after buying an additional 240,944 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in California Water Service Group by 782.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 184,016 shares of the utilities provider's stock valued at $9,545,000 after buying an additional 163,160 shares during the last quarter. Institutional investors and hedge funds own 82.78% of the company's stock.

About California Water Service Group

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.