California Water Service Group - CWT Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for California Water Service Group in the last year. There are currently 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CWT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CWT, but not buy additional shares or sell existing shares.
View CWT analyst ratings or view top-rated stocks.

2 brokers have issued 12 month price targets for California Water Service Group's stock. Their CWT share price forecasts range from $63.00 to $63.00. On average, they predict the company's stock price to reach $63.00 in the next year. This suggests a possible upside of 11.6% from the stock's current price.
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California Water Service Group's stock was trading at $71.86 on January 1st, 2022. Since then, CWT stock has decreased by 21.4% and is now trading at $56.46.
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California Water Service Group saw a decrease in short interest in August. As of August 15th, there was short interest totaling 1,110,000 shares, a decrease of 12.6% from the July 31st total of 1,270,000 shares. Based on an average daily trading volume, of 221,500 shares, the short-interest ratio is currently 5.0 days.
View California Water Service Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our CWT earnings forecast.

California Water Service Group (NYSE:CWT) posted its quarterly earnings data on Thursday, July, 28th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by $0.24. California Water Service Group had a trailing twelve-month return on equity of 7.39% and a net margin of 10.69%. During the same quarter last year, the firm posted $0.75 EPS.

California Water Service Group announced a quarterly dividend on Wednesday, July 27th. Stockholders of record on Monday, August 8th will be paid a dividend of $0.25 per share on Friday, August 19th. This represents a $1.00 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Friday, August 5th.
Read our dividend analysis for CWT.

California Water Service Group (NYSE:CWT) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.77%. The company has been increasing its dividend for 54 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 60.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CWT will have a dividend payout ratio of 50.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CWT.

14 employees have rated California Water Service Group Chief Executive Officer Martin Kropelnicki on Glassdoor.com. Martin Kropelnicki has an approval rating of 100% among the company's employees. This puts Martin Kropelnicki in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

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

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

California Water Service Group's stock is owned by a number of retail and institutional investors. Top institutional investors include State Street Corp (9.88%), Price T Rowe Associates Inc. MD (4.19%), Pictet Asset Management SA (2.88%), Nuance Investments LLC (2.40%), Northern Trust Corp (1.71%) and Amundi (1.43%). Insiders that own company stock include David B Healey, Elissa Y Ouyang, Gerald A Simon, Lester A Snow, Lynne P Mcghee, Michael B Luu, Michelle R Mortensen, Peter C Nelson, Robert J Kuta and Terry Bayer.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CWT stock can currently be purchased for approximately $56.46.

California Water Service Group (NYSE:CWT) has a market capitalization of $3.07 billion and generates $790.91 million in revenue each year. The utilities provider earns $101.13 million in net income (profit) each year or $1.65 on an earnings per share basis.

The company employs 1,182 workers across the globe.

California Water Service Group's mailing address is 1720 NORTH FIRST STREET, SAN JOSE CA, 95112. The official website for the company is www.calwatergroup.com. The utilities provider can be reached via phone at (408) 367-8200, via email at kgarcia@calwater.com, or via fax at 831-427-9185.