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

2 Wall Street 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 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.

2 Wall Street research analysts have issued 1-year target prices for California Water Service Group's shares. Their CWT share price forecasts range from $63.00 to $67.00. On average, they expect the company's stock price to reach $65.00 in the next twelve months. This suggests a possible upside of 5.0% 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 stock has increased by 2.1% and is now trading at $61.92.
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California Water Service Group saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 889,600 shares, an increase of 5.9% from the December 31st total of 840,300 shares. Based on an average daily trading volume, of 233,900 shares, the days-to-cover ratio is presently 3.8 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 data on Thursday, October, 28th. The utilities provider reported $1.20 EPS for the quarter, topping the consensus estimate of $0.79 by $0.41. The utilities provider earned $256.72 million during the quarter, compared to analysts' expectations of $252 million. California Water Service Group had a trailing twelve-month return on equity of 6.61% and a net margin of 9.76%. During the same quarter last year, the company posted $1.94 EPS.

California Water Service Group declared a quarterly dividend on Wednesday, January 25th. Investors 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 dividend yield of 1.68%. The ex-dividend date is Friday, February 3rd. 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 1.61%. 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 number of institutional and retail investors. Top institutional shareholders include Clear Harbor Asset Management LLC (0.12%), First National Corp MA ADV (0.09%), Comerica Bank (0.08%), State of Alaska Department of Revenue (0.07%), Maryland State Retirement & Pension System (0.07%) and Yousif Capital Management LLC (0.06%). 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.

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 $61.92.

California Water Service Group (NYSE:CWT) has a market capitalization of $3.39 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.