NYSE:CWTCalifornia Water Service Group Stock Price, Forecast & News

$47.00

+0.48 (+1.03 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$45.78

Now: $47.00▼

$47.30

50-Day Range

$43.14

MA: $47.88▼

$54.45

52-Week Range

$39.74

Now: $47.00▼

$57.48

Volume311,030 shs

Average Volume272,666 shs

Market Capitalization$2.29 billion

P/E Ratio44.76

Dividend Yield1.83%

BetaN/A

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii. It 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. The company offers its services to approximately 486,900 customer connections in 100 California communities; approximately 4,800 water and wastewater customer connections on the islands of Maui and Hawaii; approximately 17,600 customer connections in the Tacoma and Olympia areas in Washington; and approximately 8,200 water and wastewater customer connections in the Belen, Los Lunas, Indian Hills, and Elephant Butte areas in New Mexico. It also engages in the provision of non-regulated water-related services, including operating municipally owned water systems, privately owned water, and recycled water distribution systems; providing water system operation, meter reading, and billing services to private companies and municipalities; leasing communication antenna sites on its properties to telecommunication companies; billing optional third-party insurance programs to its residential customers; and providing lab services. California Water Service Group was founded in 1926 and is headquartered in San Jose, California.

Beat the Market (BTM) Rank^™

2.3 Analyst's Opinion

Consensus Rating
California Water Service Group has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $52.67, California Water Service Group has a potential upside of 12.1% from its current price of $47.00.
Amount of Analyst Coverage
California Water Service Group has only been the subject of 4 research reports in the past 90 days.

2.0 Community Rank

Outperform Votes
California Water Service Group has received 266 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
California Water Service Group has received 394 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
California Water Service Group has received 59.70% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about California Water Service Group and other stocks. Vote “Outperform” if you believe CWT will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CWT will underperform the S&P 500 over the long term. You may vote once every thirty days.

5.0 Dividend Strength

Dividend Leadership
California Water Service Group is a leading dividend payer. It pays a dividend yield of 1.83%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
California Water Service Group has been increasing its dividend for 52 years.
Dividend Coverage
The dividend payout ratio of California Water Service Group is 64.89 %. 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 50.60 % next year. This indicates that California Water Service Group will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, California Water Service Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.89% of the stock of California Water Service Group is held by insiders.
Percentage Held by Institutions
73.38% 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.

0.6 Earnings and Valuation

Earnings Growth
Earnings for California Water Service Group are expected to grow by 16.67% in the coming year, from $1.44 to $1.68 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of California Water Service Group is 44.76, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of California Water Service Group is 44.76, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 28.48.
Price to Book Value per Share Ratio
California Water Service Group has a P/B Ratio of 3.03. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.18 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Water supply

Sub-IndustryWater Utilities

SectorUtilities

Current SymbolNYSE:CWT

Previous Symbol

CUSIP13078810

CIK1035201

Webwww.calwatergroup.com

Phone408-367-8200

Debt

Debt-to-Equity Ratio1.04

Current Ratio0.53

Quick Ratio0.51

Price-To-Earnings

Trailing P/E Ratio44.76

Forward P/E Ratio32.64

P/E GrowthN/A

Sales & Book Value

Annual Sales$714.56 million

Price / Sales3.20

Cash Flow$3.25 per share

Price / Cash Flow14.44

Book Value$15.50 per share

Price / Book3.03

Profitability

EPS (Most Recent Fiscal Year)$1.31

Net Income$63.12 million

Net Margins7.07%

Return on Equity6.69%

Return on Assets1.64%

Miscellaneous

Employees1,207

Outstanding Shares48,710,000

Market Cap$2.29 billion

Next Earnings Date8/6/2020 (Estimated)

OptionableOptionable

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California Water Service Group (NYSE:CWT) Frequently Asked Questions

How has California Water Service Group's stock been impacted by COVID-19 (Coronavirus)?

California Water Service Group's stock was trading at $48.41 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CWT shares have decreased by 2.9% and is now trading at $47.00. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of California Water Service Group?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for California Water Service Group in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for California Water Service Group.

When is California Water Service Group's next earnings date?

California Water Service Group is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for California Water Service Group.

How were California Water Service Group's earnings last quarter?

California Water Service Group (NYSE:CWT) posted its quarterly earnings data on Thursday, April, 30th. The utilities provider reported ($0.42) EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.02 by $0.44. The utilities provider had revenue of $125.56 million for the quarter, compared to analyst estimates of $69.33 million. California Water Service Group had a return on equity of 6.69% and a net margin of 7.07%. California Water Service Group's revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.16) EPS. View California Water Service Group's earnings history.

How often does California Water Service Group pay dividends? What is the dividend yield for California Water Service Group?

California Water Service Group announced a quarterly dividend on Wednesday, April 29th. Shareholders of record on Monday, May 11th will be paid a dividend of $0.213 per share on Friday, May 22nd. This represents a $0.85 annualized dividend and a yield of 1.81%. The ex-dividend date is Friday, May 8th. This is a boost from California Water Service Group's previous quarterly dividend of $0.21. View California Water Service Group's dividend history.

What price target have analysts set for CWT?

4 equities research analysts have issued 1-year price objectives for California Water Service Group's shares. Their forecasts range from $50.00 to $56.00. On average, they expect California Water Service Group's share price to reach $52.67 in the next twelve months. This suggests a possible upside of 12.1% from the stock's current price. View analysts' price targets for California Water Service Group.

Has California Water Service Group been receiving favorable news coverage?

News articles about CWT stock have been trending extremely negative recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. California Water Service Group earned a media sentiment score of -4.0 on InfoTrie's scale. They also gave media coverage about the utilities provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutCalifornia Water Service Group.

Who are some of California Water Service Group's key competitors?

Some companies that are related to California Water Service Group include American Water Works (AWK), Aqua America (WTR), American States Water (AWR), SJW Group (SJW), Middlesex Water (MSEX), Connecticut Water Service (CTWS), York Water (YORW), Cadiz (CDZI), Artesian Resources (ARTNA) and Consolidated Water (CWCO). View all competitors.

What other stocks do shareholders of California Water Service Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other California Water Service Group investors own include NCI (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).

Who are California Water Service Group's key executives?

California Water Service Group's management team includes the following people:

Mr. Martin A. Kropelnicki, Pres, CEO & Director (Age 52)
Mr. Thomas F. Smegal III, VP, CFO & Treasurer (Age 52)
Ms. Lynne P. McGhee, VP & Gen. Counsel (Age 54)
Mr. Paul G. Townsley, VP of Corp. Devel. & Chief Regulatory Matters Officer (Age 62)
Mr. Robert J. Kuta, VP of Engineering and Chief Water Quality & Environmental Compliance Officer (Age 54)

What is California Water Service Group's stock symbol?

California Water Service Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "CWT."

Who are California Water Service Group's major shareholders?

California Water Service Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.34%), State Street Corp (8.21%), Pictet Asset Management Ltd. (2.91%), Invesco Ltd. (2.52%), Geode Capital Management LLC (1.42%) and Bank of New York Mellon Corp (1.30%). Company insiders that own California Water Service Group stock include David B Healey, Elissa Y Ouyang, Lester A Snow, Michael B Luu, Peter C Nelson and Richard P Magnuson. View institutional ownership trends for California Water Service Group.

Which institutional investors are selling California Water Service Group stock?

CWT stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Invesco Ltd., BlackRock Inc., Nuance Investments LLC, WINTON GROUP Ltd, Mackay Shields LLC, and KBC Group NV. Company insiders that have sold California Water Service Group company stock in the last year include David B Healey, Peter C Nelson, and Richard P Magnuson. View insider buying and selling activity for California Water Service Group.

Which institutional investors are buying California Water Service Group stock?

CWT stock was acquired by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Advisor Group Holdings Inc., Federated Hermes Inc., State Street Corp, Geode Capital Management LLC, BNP Paribas Arbitrage SA, Thrivent Financial for Lutherans, and Legal & General Group Plc. View insider buying and selling activity for California Water Service Group.

How do I buy shares of California Water Service Group?

Shares of CWT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is California Water Service Group's stock price today?

One share of CWT stock can currently be purchased for approximately $47.00.

How big of a company is California Water Service Group?

California Water Service Group has a market capitalization of $2.29 billion and generates $714.56 million in revenue each year. The utilities provider earns $63.12 million in net income (profit) each year or $1.31 on an earnings per share basis. California Water Service Group employs 1,207 workers across the globe.

What is California Water Service Group's official website?

The official website for California Water Service Group is www.calwatergroup.com.

How can I contact California Water Service Group?

California Water Service Group's mailing address is 1720 NORTH FIRST STREET, SAN JOSE CA, 95112. The utilities provider can be reached via phone at 408-367-8200 or via email at [email protected]

This page was last updated on 5/31/2020 by MarketBeat.com Staff