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NYSE:CWT

California Water Service Group Stock Forecast, Price & News

$54.96
+0.72 (+1.33%)
(As of 06/28/2022 11:33 AM ET)
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Compare
Today's Range
$54.44
$54.99
50-Day Range
$48.76
$56.15
52-Week Range
$48.46
$72.08
Volume
1,307 shs
Average Volume
243,682 shs
Market Capitalization
$2.96 billion
P/E Ratio
26.94
Dividend Yield
1.86%
Price Target
$63.00
30 days | 90 days | 365 days | Advanced Chart

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CWT Stock Forecast (MarketRank)

Overall MarketRank

2.68 out of 5 stars

Utilities Sector

22nd out of 123 stocks

Water Supply Industry

4th out of 15 stocks

Analyst Opinion: 1.8Community Rank: 3.7Dividend Strength: 4.2Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -
California Water Service Group logo

About California Water Service Group (NYSE:CWT)

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. It offers its services to approximately 494,500 customer connections in 100 California communities; approximately 6,200 water and wastewater customer connections on the islands of Maui and Hawaii; approximately 36,400 customer connections in the Tacoma, Olympia, Graham, Spanaway, Puyallup, and Gig Harbor areas; and approximately 8,600 water and wastewater customer connections in the Belen, Los Lunas, Indian Hills, and Elephant Butte areas in New Mexico. 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 to telecommunication companies; and billing of optional third-party insurance programs to its residential customers, as well as provides lab services. In addition, it offers wastewater collection and treatment services. The company was founded in 1926 and is headquartered in San Jose, California.

CWT Stock News Headlines

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Industry, Sector and Symbol

Industry
Water supply
Sub-Industry
Water Utilities
Sector
Utilities
CUSIP
13078810
Employees
1,182
Year Founded
1926

Company Calendar

Last Earnings
4/28/2022
Ex-Dividend for 5/20 Dividend
5/06/2022
Dividend Payable
5/20/2022
Today
6/28/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$63.00
High Stock Price Forecast
$63.00
Low Stock Price Forecast
$63.00
Forecasted Upside/Downside
+14.6%
Consensus Rating
Hold
Rating Score (0-4)
1.5
Research Coverage
2 Analysts

Profitability

Net Income
$101.13 million
Pretax Margin
13.03%

Debt

Sales & Book Value

Annual Sales
$790.91 million
Cash Flow
$4.13 per share
Book Value
$22.49 per share

Miscellaneous

Free Float
53,251,000
Market Cap
$2.96 billion
Optionable
Optionable
Beta
0.35














California Water Service Group Frequently Asked Questions

Should I buy or sell California Water Service Group stock right now?

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" California Water Service Group stock. 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 analyst ratings for California Water Service Group
or view top-rated stocks.

What is California Water Service Group's stock price forecast for 2022?

2 brokerages have issued 1 year target prices for California Water Service Group's shares. Their CWT stock forecasts range from $63.00 to $63.00. On average, they expect California Water Service Group's stock price to reach $63.00 in the next year. This suggests a possible upside of 14.6% from the stock's current price.
View analysts' price targets for California Water Service Group
or view top-rated stocks among Wall Street analysts.

How has California Water Service Group's stock performed in 2022?

California Water Service Group's stock was trading at $71.86 at the start of the year. Since then, CWT shares have decreased by 23.5% and is now trading at $54.96.
View the best growth stocks for 2022 here
.

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 4th 2022.
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) announced its earnings results on Thursday, April, 28th. The utilities provider reported $0.02 EPS for the quarter, missing the consensus estimate of $0.05 by $0.03. The utilities provider earned $172.99 million during the quarter, compared to analysts' expectations of $154 million. California Water Service Group had a trailing twelve-month return on equity of 9.41% and a net margin of 12.90%. During the same quarter in the prior year, the firm earned ($0.06) earnings per share.
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 declared a quarterly dividend on Wednesday, April 27th. Shareholders of record on Monday, May 9th will be paid a dividend of $0.25 per share on Friday, May 20th. This represents a $1.00 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Friday, May 6th.
View California Water Service Group's dividend history
.

Is California Water Service Group a good dividend stock?

California Water Service Group(NYSE:CWT) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.86%. California Water Service Group has been increasing its dividend for 56 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of California Water Service Group is 49.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, California Water Service Group will have a dividend payout ratio of 50.00% next year. This indicates that California Water Service Group will be able to sustain or increase its dividend.
View California Water Service Group's dividend history.

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 55, Pay $2.15M)
  • Mr. Thomas F. Smegal III, VP, CFO & Treasurer (Age 55, Pay $643.44k)
  • Ms. Lynne P. McGhee, VP & Gen. Counsel (Age 57, Pay $460.16k) (LinkedIn Profile)
  • Mr. Paul G. Townsley, VP of Corp. Devel. (Age 65, Pay $570.39k)
  • Mr. Robert J. Kuta, VP of Engineering and Chief Water Quality & Environmental Compliance Officer (Age 57, Pay $502.46k) (LinkedIn Profile)
  • Mr. Michael S. Mares Jr., VP of Operations (Age 55)
  • Mr. David B. Healey, VP, Corp. Controller & Assistant Treasurer (Age 66) (LinkedIn Profile)
  • Mr. Ronald D. Webb, VP & Chief Human Resource Officer (Age 65)
  • Mr. Michael B. Luu, VP of Information Technology & Chief Risk Officer (Age 42)
  • Ms. Shannon C. Dean, VP of Customer Service & Chief Citizenship Officer (Age 54)

What is Martin Kropelnicki's approval rating as California Water Service Group's CEO?

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

Who are some of California Water Service Group's key 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 (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).

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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (17.30%), Vanguard Group Inc. (11.71%), State Street Corp (7.87%), Invesco Ltd. (2.63%), Dimensional Fund Advisors LP (2.31%) and Northern Trust Corp (1.83%). Company insiders that own California Water Service Group 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, Richard P Magnuson, Robert J Kuta and Terry Bayer.
View institutional ownership trends for California Water Service Group
.

Which major investors are selling California Water Service Group stock?

CWT stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Nuance Investments LLC, Goldman Sachs Group Inc., Renaissance Technologies LLC, Skandinaviska Enskilda Banken AB publ , Lazard Asset Management LLC, BNP Paribas Arbitrage SA, and First Trust Advisors LP. Company insiders that have sold California Water Service Group company stock in the last two years include David B Healey, Elissa Y Ouyang, Gerald A Simon, Lester A Snow, Lynne P Mcghee, Michael B Luu, Michelle R Mortensen, Robert J Kuta, and Terry Bayer.
View insider buying and selling activity for California Water Service Group
or view top insider-selling stocks.

Which major investors are buying California Water Service Group stock?

CWT stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, Eaton Vance Management, Healthcare of Ontario Pension Plan Trust Fund, Vanguard Group Inc., Ergoteles LLC, Northern Trust Corp, Granite Investment Partners LLC, and JPMorgan Chase & Co..
View insider buying and selling activity for California Water Service Group
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

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

One share of CWT stock can currently be purchased for approximately $54.96.

How much money does California Water Service Group make?

California Water Service Group (NYSE:CWT) has a market capitalization of $2.96 billion and generates $790.91 million in revenue each year. The utilities provider earns $101.13 million in net income (profit) each year or $2.039990 on an earnings per share basis.

How many employees does California Water Service Group have?

California Water Service Group employs 1,182 workers across the globe.

When was California Water Service Group founded?

California Water Service Group was founded in 1926.

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 official website for California Water Service Group is www.calwatergroup.com. The utilities provider can be reached via phone at (408) 367-8200, via email at [email protected], or via fax at 831-427-9185.

This page (NYSE:CWT) was last updated on 6/28/2022 by MarketBeat.com Staff

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