NYSE:CWT California Water Service Group - CWT Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding California Water Service Group Please log in to your account or sign up in order to add this asset to your watchlist. $56.68 +2.21 (+4.06%) (As of 03/24/2023 12:00 AM ET) Add Compare Share Share Today's Range$54.39▼$56.7350-Day Range$54.47▼$63.9252-Week Range$48.46▼$66.12Volume205,791 shsAverage Volume282,800 shsMarket Capitalization$3.15 billionP/E Ratio32.20Dividend Yield1.83%Price Target$65.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability California Water Service Group MarketRank™ ForecastAnalyst RatingHold1.50 Rating ScoreUpside/Downside14.7% Upside$65.00 Price TargetShort InterestHealthy1.43% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability+0.43Upright™ Environmental ScoreNews Sentiment-0.37Based on 7 Articles This WeekInsider TradingN/AProj. Earnings Growth8.95%From $1.90 to $2.07 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.40 out of 5 starsUtilities Sector40th out of 84 stocksWater Supply Industry8th out of 11 stocks 1.8 Analyst's Opinion Consensus RatingCalifornia Water Service Group has received a consensus rating of Hold. The company's average rating score is 1.50, and is based on no buy ratings, 1 hold rating, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $65.00, California Water Service Group has a forecasted upside of 14.7% from its current price of $56.68.Amount of Analyst CoverageCalifornia Water Service Group has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.43% of the outstanding shares of California Water Service Group have been sold short.Short Interest Ratio / Days to CoverCalifornia Water Service Group has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in California Water Service Group has recently increased by 1.78%, indicating that investor sentiment is decreasing. Previous Next 4.2 Dividend Strength Dividend YieldCalifornia Water Service Group pays a meaningful dividend of 1.90%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthCalifornia Water Service Group has been increasing its dividend for 56 years.Dividend CoverageThe dividend payout ratio of California Water Service Group is 59.09%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, California Water Service Group will have a dividend payout ratio of 50.24% next year. This indicates that California Water Service Group will be able to sustain or increase its dividend. Previous Next 4.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCalifornia Water Service Group has received a 55.01% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Drinking water distribution services", "Drinking water treatment services", and "Industrial wastewater treatment services" products. See details.Environmental SustainabilityThe Environmental Impact score for California Water Service Group is 0.43. Previous Next 0.9 News and Social Media Coverage News SentimentCalifornia Water Service Group has a news sentiment score of -0.37. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 7 news articles for California Water Service Group this week, compared to 3 articles on an average week.MarketBeat FollowsOnly 1 people have added California Water Service Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, California Water Service Group insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.97% of the stock of California Water Service Group is held by insiders.Percentage Held by Institutions79.01% 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. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for California Water Service Group are expected to grow by 8.95% in the coming year, from $1.90 to $2.07 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of California Water Service Group is 32.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.56.Price to Earnings Ratio vs. SectorThe P/E ratio of California Water Service Group is 32.20, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 107.38.Price to Book Value per Share RatioCalifornia Water Service Group has a P/B Ratio of 2.35. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About California Water Service Group (NYSE:CWT) StockCalifornia Water Service Group is a holding company, which engages in provision of water utility and other related services in California, Washington, New Mexico, and Hawaii through its wholly-owned subsidiaries. The firm 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 also provides non-regulated water-related services under agreements with municipalities and other private companies. The company was founded in 1926 and is headquartered in San Jose, CA.Read More Receive CWT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for California Water Service Group and its competitors with MarketBeat's FREE daily newsletter. Email Address CWT Stock News HeadlinesMarch 21, 2023 | americanbankingnews.comQ1 2024 EPS Estimates for California Water Service Group (NYSE:CWT) Lowered by AnalystMarch 18, 2023 | americanbankingnews.comCalifornia Water Service Group (NYSE:CWT) Now Covered by StockNews.comMarch 25, 2023 | Investor Place Media (Ad)The "King Of Quants" sees 10X potential...Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. Here's how you could join them before it's too late...March 17, 2023 | americanbankingnews.comFY2023 EPS Estimates for California Water Service Group (NYSE:CWT) Cut by AnalystMarch 14, 2023 | finance.yahoo.comCalifornia Water Service Group Subsidiaries Preparing for Compliance with Potential PFAS Drinking Water RegulationMarch 14, 2023 | finance.yahoo.comWashington Water Service Finalizes Acquisition of Bethel Greenacres Water AssociationMarch 14, 2023 | finance.yahoo.comWashington Water Service Finalizes Acquisition of Bethel Greenacres Water AssociationMarch 8, 2023 | finance.yahoo.comCalifornia Water Service Group (NYSE:CWT) Q4 2022 Earnings Call TranscriptMarch 25, 2023 | Investor Place Media (Ad)The "King Of Quants" sees 10X potential...Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. Here's how you could join them before it's too late...March 4, 2023 | finance.yahoo.comResults: California Water Service Group Beat Earnings Expectations And Analysts Now Have New ForecastsMarch 2, 2023 | msn.comCalifornia Water Service GAAP EPS of $0.35 beats by $0.04, revenue of $200.9M beats by $1.85MMarch 1, 2023 | finance.yahoo.comCalifornia Water Service Group (CWT) Beats Q4 Earnings and Revenue EstimatesMarch 1, 2023 | finance.yahoo.comCalifornia Water Service Group (CWT) Beats Q4 Earnings and Revenue EstimatesMarch 1, 2023 | markets.businessinsider.comCalifornia Water Service Group Holding Reports Climb In Q4 Profit, Beats estimatesMarch 1, 2023 | finance.yahoo.comCalifornia Water Service Group Announces 2022 Earnings for Year and Fourth QuarterMarch 1, 2023 | finance.yahoo.comCalifornia Water Service Customers Reach Nine Straight Months of Water Savings in JanuaryFebruary 22, 2023 | finance.yahoo.comCalifornia Water Service Group Donates More than $1.5 Million to Local Community Organizations in 2022February 19, 2023 | finance.yahoo.comShould Weakness in California Water Service Group's (NYSE:CWT) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?February 15, 2023 | finance.yahoo.comCalifornia Water Service Receives Approval for Interim Rate Increases Effective April 15, 2023February 13, 2023 | finance.yahoo.comCalifornia Water Service Group Schedules Fourth Quarter and Year-End 2022 Earnings Results Announcement and Conference CallFebruary 6, 2023 | finance.yahoo.comCalifornia Water Service Partners With Promise to Offer Convenient, Flexible Payment Plans to Residents With Past-Due BillsJanuary 29, 2023 | finance.yahoo.comCalifornia Water Service Group (NYSE:CWT) Has Announced That It Will Be Increasing Its Dividend To $0.26January 26, 2023 | finance.yahoo.comNew Mexico Water Service to Acquire Lake Section Water CompanyJanuary 25, 2023 | msn.comCalifornia Water Service declares $0.26 dividendJanuary 25, 2023 | finance.yahoo.comCalifornia Water Service Group Board of Directors Declares 312th Consecutive Quarterly Dividend and 56th Consecutive Annual Dividend IncreaseJanuary 25, 2023 | finance.yahoo.comCalifornia Water Service Group Board of Directors Declares 312th Consecutive Quarterly Dividend and 56th Consecutive Annual Dividend IncreaseJanuary 24, 2023 | finance.yahoo.comCalifornia Water Service Customers Saved 16.5 Percent Water in December, Eighth Straight Month of SavingsSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive CWT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for California Water Service Group and its competitors with MarketBeat's FREE daily newsletter. Email Address CWT Company Calendar Ex-Dividend for 2/17 Dividend2/03/2023Dividend Payable2/17/2023Last Earnings3/02/2023Today3/25/2023Next Earnings (Estimated)4/27/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Water supply Sub-IndustryWater Utilities SectorUtilities Current SymbolNYSE:CWT CUSIP13078810 CIK1035201 Webwww.calwatergroup.com Phone(408) 367-8200Fax831-427-9185Employees1,225Year Founded1926Price Target and Rating Average Stock Price Forecast$65.00 High Stock Price Forecast$67.00 Low Stock Price Forecast$63.00 Forecasted Upside/Downside+14.7%Consensus RatingHold Rating Score (0-4)1.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$1.76 Trailing P/E Ratio32.20 Forward P/E Ratio29.83 P/E GrowthN/ANet Income$96.01 million Net Margins11.34% Pretax Margin11.26% Return on Equity7.72% Return on Assets2.56% Debt Debt-to-Equity Ratio0.80 Current Ratio1.00 Quick Ratio0.96 Sales & Book Value Annual Sales$846.43 million Price / Sales3.72 Cash Flow$4.03 per share Price / Cash Flow14.06 Book Value$24.12 per share Price / Book2.35Miscellaneous Outstanding Shares55,600,000Free Float55,062,000Market Cap$3.15 billion OptionableOptionable Beta0.48 Key ExecutivesMartin A. KropelnickiPresident, Chief Executive Officer & DirectorMichael S. MaresVice President-OperationsThomas F. SmegalChief Financial Officer, Treasurer & VPMichael B. LuuChief Risk Officer & VP-Information TechnologyRobert J. KutaChief Water Quality Officer & Vice PresidentKey CompetitorsAmerican States WaterNYSE:AWRSJW GroupNYSE:SJWMiddlesex WaterNASDAQ:MSEXCompanhia de Saneamento Básico do Estado de São Paulo - SABESPNYSE:SBSEssential UtilitiesNYSE:WTRGView All CompetitorsInsiders & InstitutionsETF Managers Group LLCBought 476 shares on 3/23/2023Ownership: 0.022%Voya Investment Management LLCSold 52,772 shares on 2/28/2023Ownership: 0.042%Teachers Retirement System of The State of KentuckyBought 1,652 shares on 2/22/2023Ownership: 0.030%Macquarie Group Ltd.Bought 7,945 shares on 2/21/2023Ownership: 0.045%Ruedi Wealth Management Inc.Bought 450 shares on 2/21/2023Ownership: 0.001%View All Insider TransactionsView All Institutional Transactions CWT Stock - 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 twelve months. 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. What is California Water Service Group's stock price forecast for 2023? 2 Wall Street analysts have issued twelve-month price targets for California Water Service Group's stock. Their CWT share price forecasts range from $63.00 to $67.00. On average, they predict the company's share price to reach $65.00 in the next twelve months. This suggests a possible upside of 14.7% from the stock's current price. View analysts price targets for CWT or view top-rated stocks among Wall Street analysts. How have CWT shares performed in 2023? California Water Service Group's stock was trading at $60.64 at the beginning of 2023. Since then, CWT stock has decreased by 6.5% and is now trading at $56.68. View the best growth stocks for 2023 here. When is California Water Service Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023. View our CWT earnings forecast. How were California Water Service Group's earnings last quarter? California Water Service Group (NYSE:CWT) posted its quarterly earnings results on Thursday, March, 2nd. The utilities provider reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.13. The utilities provider had revenue of $200.94 million for the quarter, compared to analyst estimates of $180.14 million. California Water Service Group had a net margin of 11.34% and a trailing twelve-month return on equity of 7.72%. During the same period in the previous year, the company posted $0.07 EPS. 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, January 25th. Shareholders of record on Monday, February 6th will be given a dividend of $0.26 per share on Friday, February 17th. This represents a $1.04 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Friday, February 3rd. This is a boost from the stock's previous quarterly dividend of $0.25. Read our dividend analysis for CWT. What ETFs hold California Water Service Group's stock? ETFs with the largest weight of California Water Service Group (NYSE:CWT) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), Invesco S&P Global Water Index ETF (CGW), Global X Clean Water ETF (AQWA), First Trust Water ETF (FIW), Opus Small Cap Value Plus ETF (OSCV), ProShares Russell US Dividend Growers ETF (TMDV), iShares Environmental Infrastructure and Industrials ETF (EFRA) and ETC 6 Meridian Small Cap Equity ETF (SIXS). Is California Water Service Group a good dividend stock? California Water Service Group (NYSE:CWT) pays an annual dividend of $1.04 per share and currently has a dividend yield of 1.90%. The company 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 is 59.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CWT will have a dividend payout ratio of 50.24% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for CWT. What is Martin Kropelnicki's approval rating as California Water Service Group's CEO? 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. 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 a variety of institutional and retail investors. Top institutional shareholders include T. Rowe Price Investment Management Inc. (4.25%), Impax Asset Management Group plc (2.78%), Dimensional Fund Advisors LP (2.29%), Amundi (2.07%), Geode Capital Management LLC (1.83%) and Nuance Investments LLC (1.54%). 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. View institutional ownership trends. How do I buy shares of California Water Service Group? 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. 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 $56.68. How much money does California Water Service Group make? California Water Service Group (NYSE:CWT) has a market capitalization of $3.15 billion and generates $846.43 million in revenue each year. The utilities provider earns $96.01 million in net income (profit) each year or $1.76 on an earnings per share basis. How many employees does California Water Service Group have? The company employs 1,225 workers across the globe. 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 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. This page (NYSE:CWT) was last updated on 3/25/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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