California Water Service Group Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for California Water Service Group in the last twelve months. There are currently 2 sell ratings, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street 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.
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Wall Street analysts have given California Water Service Group a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but California Water Service Group wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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California Water Service Group saw a decrease in short interest in the month of July. As of July 15th, there was short interest totaling 746,300 shares, a decrease of 14.1% from the June 30th total of 868,400 shares. Based on an average daily volume of 220,300 shares, the short-interest ratio is presently 3.4 days. Currently, 1.5% of the shares of the company are short sold.
View California Water Service Group's Short Interest.

California Water Service Group is scheduled to release its next quarterly earnings announcement on Thursday, July 29th 2021.
View our earnings forecast for California Water Service Group.

California Water Service Group will be holding an earnings conference call on Thursday, July 29th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 404-537-3406 with passcode "3119418".

California Water Service Group (NYSE:CWT) announced its earnings results on Thursday, April, 29th. The utilities provider reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.03) by $0.03. The utilities provider had revenue of $147.74 million for the quarter, compared to the consensus estimate of $131 million. California Water Service Group had a trailing twelve-month return on equity of 12.95% and a net margin of 13.98%.
View California Water Service Group's earnings history.

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. Since then, CWT stock has increased by 27.2% and is now trading at $61.57.
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California Water Service Group declared a quarterly dividend on Friday, April 30th. Investors of record on Monday, May 10th will be given a dividend of $0.23 per share on Friday, May 21st. This represents a $0.92 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Friday, May 7th.
View California Water Service Group's dividend history.

California Water Service Group pays an annual dividend of $0.92 per share and currently has a dividend yield of 1.50%. California Water Service Group does not yet have a strong track record of dividend growth. The dividend payout ratio of California Water Service Group is 46.70%. 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 50.55% 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.

4 Wall Street analysts have issued twelve-month target prices for California Water Service Group's shares. Their forecasts range from $53.00 to $55.00. On average, they anticipate California Water Service Group's stock price to reach $54.00 in the next year. This suggests that the stock has a possible downside of 12.3%.
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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.

Some companies that are related to California Water Service Group include American Water Works (AWK), American States Water (AWR), SJW Group (SJW), Middlesex Water (MSEX), The York Water (YORW), Cadiz (CDZI), Artesian Resources (ARTNA) and Consolidated Water (CWCO).
View all of CWT's competitors.

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 variety of retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.07%) and Aptus Capital Advisors LLC (0.06%). Company insiders that own California Water Service Group stock include David B Healey, Elissa Y Ouyang, Gerald A Simon, Michael B Luu, Peter C Nelson, Richard P Magnuson, Robert J Kuta and Terry Bayer.
View institutional ownership trends for California Water Service Group.

CWT stock was purchased by a variety of institutional investors in the last quarter, including Aptus Capital Advisors LLC, and State of Alaska Department of Revenue.
View insider buying and selling activity for California Water Service Group or or view top insider-buying stocks.

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.
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One share of CWT stock can currently be purchased for approximately $61.57.

California Water Service Group has a market capitalization of $3.13 billion and generates $794.31 million in revenue each year. The utilities provider earns $96.83 million in net income (profit) each year or $1.97 on an earnings per share basis.

California Water Service Group employs 1,192 workers across the globe.

California Water Service Group was founded in 1926.

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

California Water Service Group is headquartered at 1720 NORTH FIRST STREET, SAN JOSE CA, 95112.

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]