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NYSE:CWT

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

$57.75
+0.16 (+0.28%)
(As of 03/31/2023 02:50 PM ET)
Add
Compare
Today's Range
$57.47
$58.23
50-Day Range
$54.47
$63.92
52-Week Range
$48.46
$66.12
Volume
47,744 shs
Average Volume
218,553 shs
Market Capitalization
$3.21 billion
P/E Ratio
32.81
Dividend Yield
1.80%
Price Target
$65.00

California Water Service Group MarketRank™ Forecast

Analyst Rating
Hold
1.50 Rating Score
Upside/​Downside
12.8% Upside
$65.00 Price Target
Short Interest
Healthy
1.53% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
+0.43
Upright™ Environmental Score
News Sentiment
1.01mentions of California Water Service Group in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.95%
From $1.90 to $2.07 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.70 out of 5 stars

Utilities Sector

16th out of 84 stocks

Water Supply Industry

7th out of 11 stocks


CWT stock logo

About California Water Service Group (NYSE:CWT) Stock

California 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.

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CWT Stock News Headlines

Urgent Warning
This was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …
Biden To Unleash "Choke Point" Operation On America?
Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.
See More Headlines
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CWT Company Calendar

Ex-Dividend for 2/17 Dividend
2/03/2023
Dividend Payable
2/17/2023
Last Earnings
3/02/2023
Today
3/31/2023
Next Earnings (Estimated)
4/27/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Water supply
Sub-Industry
Water Utilities
Sector
Utilities
CUSIP
13078810
Employees
1,225
Year Founded
1926

Price Target and Rating

Average Stock Price Forecast
$65.00
High Stock Price Forecast
$67.00
Low Stock Price Forecast
$63.00
Forecasted Upside/Downside
+12.9%
Consensus Rating
Hold
Rating Score (0-4)
1.50
Research Coverage
2 Analysts

Profitability

Net Income
$96.01 million
Pretax Margin
11.26%

Debt

Sales & Book Value

Annual Sales
$846.43 million
Cash Flow
$3.95 per share
Book Value
$24.12 per share

Miscellaneous

Free Float
55,062,000
Market Cap
$3.20 billion
Optionable
Optionable
Beta
0.48

Key Executives

  • Martin A. Kropelnicki
    President, Chief Executive Officer & Director
  • Michael S. Mares
    Vice President-Operations
  • Thomas F. Smegal
    Chief Financial Officer, Treasurer & VP
  • Michael B. LuuMichael B. Luu
    Chief Risk Officer & VP-Information Technology
  • Robert J. KutaRobert J. Kuta
    Chief Water Quality Officer & Vice President













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 research analysts have issued 12 month target prices for California Water Service Group's stock. Their CWT share price forecasts range from $63.00 to $67.00. On average, they expect the company's share price to reach $65.00 in the next year. This suggests a possible upside of 12.9% 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 5.0% and is now trading at $57.59.
View the best growth stocks for 2023 here
.

Are investors shorting California Water Service Group?

California Water Service Group saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 848,600 shares, an increase of 7.1% from the February 28th total of 792,700 shares. Based on an average daily volume of 216,200 shares, the short-interest ratio is presently 3.9 days.
View California Water Service Group's Short Interest
.

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) released its quarterly earnings data on Thursday, March, 2nd. The utilities provider reported $0.35 EPS for the quarter, topping 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 quarter in the previous year, the business posted $0.07 earnings per share.

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. 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 dividend on an annualized basis and a dividend yield of 1.81%. 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
.

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 1.83%. 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 retail and institutional 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 $57.59.

How much money does California Water Service Group make?

California Water Service Group (NYSE:CWT) has a market capitalization of $3.20 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 3/31/2023 by MarketBeat.com Staff