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

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for California Water Service Group in the last twelve months. There are currently 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street 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.
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2 analysts have issued 1 year target prices for California Water Service Group's stock. Their CWT share price forecasts range from $63.00 to $67.00. On average, they anticipate the company's stock price to reach $65.00 in the next twelve months. This suggests a possible upside of 3.6% from the stock's current price.
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California Water Service Group's stock was trading at $60.64 at the start of the year. Since then, CWT shares have increased by 3.4% and is now trading at $62.73.
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California Water Service Group saw a increase in short interest during the month of December. As of December 15th, there was short interest totaling 874,200 shares, an increase of 5.4% from the November 30th total of 829,600 shares. Based on an average daily volume of 259,300 shares, the short-interest ratio is currently 3.4 days.
View California Water Service Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our CWT earnings forecast.

California Water Service Group (NYSE:CWT) announced its quarterly earnings results on Thursday, October, 28th. The utilities provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.41. The utilities provider earned $256.72 million during the quarter, compared to the consensus estimate of $252 million. California Water Service Group had a net margin of 9.76% and a trailing twelve-month return on equity of 6.61%. During the same period in the previous year, the firm posted $1.94 earnings per share.

California Water Service Group announced a quarterly dividend on Wednesday, January 25th. Stockholders of record on Monday, February 6th will be paid a dividend of $0.26 per share on Friday, February 17th. This represents a $1.04 annualized dividend and a dividend yield of 1.66%. This is a positive change from the stock's previous quarterly dividend of $0.25.
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 1.60%. The company has been increasing its dividend for 55 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 67.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CWT will have a dividend payout ratio of 52.36% 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 variety of institutional and retail investors. Top institutional shareholders include Clear Harbor Asset Management LLC (0.12%), State of Alaska Department of Revenue (0.07%), Maryland State Retirement & Pension System (0.07%), Yousif Capital Management LLC (0.06%), Private Advisor Group LLC (0.06%) and Bridge City Capital LLC (0.05%). 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, Robert J Kuta, Terry Bayer and Thomas M Krummel.
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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 $62.73.

California Water Service Group (NYSE:CWT) has a market capitalization of $3.44 billion and generates $790.91 million in revenue each year. The utilities provider earns $101.13 million in net income (profit) each year or $1.48 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.