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NYSE:CWT

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

$62.29
-0.44 (-0.70%)
(As of 01/26/2023 12:00 AM ET)
Add
Compare
Today's Range
$61.95
$62.83
50-Day Range
$60.43
$65.53
52-Week Range
$48.46
$66.12
Volume
179,603 shs
Average Volume
160,983 shs
Market Capitalization
$3.41 billion
P/E Ratio
42.09
Dividend Yield
1.59%
Price Target
$65.00

California Water Service Group MarketRank™ Forecast

Analyst Rating
Hold
1.50 Rating Score
Upside/​Downside
4.4% Upside
$65.00 Price Target
Short Interest
Healthy
1.62% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
+0.43
Upright™ Environmental Score
News Sentiment
0.70mentions of California Water Service Group in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$156,572 Sold Last Quarter
Proj. Earnings Growth
19.38%
From $1.60 to $1.91 Per Share

Overall MarketRank

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

2.48 out of 5 stars

Utilities Sector

18th out of 83 stocks

Water Supply Industry

6th 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

Stocks News Announcement
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CWT Company Calendar

Last Earnings
10/28/2021
Ex-Dividend for 11/18 Dividend
11/04/2022
Dividend Payable
11/18/2022
Today
1/26/2023
Dividend Payable
2/17/2023
Next Earnings (Estimated)
2/23/2023
Fiscal Year End
12/31/2023
Ex-Dividend for 2/17 Dividend
1/01/2100

Industry, Sector and Symbol

Industry
Water supply
Sub-Industry
Water Utilities
Sector
Utilities
CUSIP
13078810
Employees
1,182
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
+4.4%
Consensus Rating
Hold
Rating Score (0-4)
1.50
Research Coverage
2 Analysts

Profitability

Net Income
$101.13 million
Pretax Margin
9.85%

Debt

Sales & Book Value

Annual Sales
$790.91 million
Cash Flow
$4.05 per share
Book Value
$22.49 per share

Miscellaneous

Free Float
54,292,000
Market Cap
$3.41 billion
Optionable
Optionable
Beta
0.45

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 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.
View CWT analyst ratings
or view top-rated stocks.

What is California Water Service Group's stock price forecast for 2023?

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.
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 start of the year. Since then, CWT shares have increased by 3.4% and is now trading at $62.73.
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 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
.

When is California Water Service Group's next earnings date?

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

How were California Water Service Group's earnings last quarter?

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.

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 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
.

Is California Water Service Group a good dividend stock?

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.

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 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.
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 $62.73.

How much money does California Water Service Group make?

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.

How many employees does California Water Service Group have?

The company employs 1,182 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 1/26/2023 by MarketBeat.com Staff