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. $62.67 -0.99 (-1.56%) (As of 02/3/2023 12:00 AM ET) Add Compare Share Share Today's Range$61.93▼$63.4450-Day Range$59.89▼$64.9352-Week Range$48.46▼$66.12Volume258,415 shsAverage Volume195,915 shsMarket Capitalization$3.44 billionP/E Ratio42.34Dividend Yield1.56%Price Target$65.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability California Water Service Group MarketRank™ ForecastAnalyst RatingHold1.50 Rating ScoreUpside/Downside3.7% Upside$65.00 Price TargetShort InterestHealthy1.62% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability+0.43Upright™ Environmental ScoreNews SentimentN/AInsider TradingSelling Shares$138,638 Sold Last QuarterProj. Earnings Growth19.38%From $1.60 to $1.91 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.2.27 out of 5 starsUtilities Sector28th out of 85 stocksWater Supply Industry7th out of 12 stocks 0.8 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 3.7% from its current price of $62.67.Amount of Analyst CoverageCalifornia Water Service Group has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.62% 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 5.87%, indicating that investor sentiment is decreasing significantly. Previous Next 4.2 Dividend Strength Dividend YieldCalifornia Water Service Group pays a meaningful dividend of 1.56%, 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 70.27%. 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 54.45% 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 0.6 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 1 news article for California Water Service Group this week, compared to 3 articles on an average week.Search Interest1 people have searched for CWT on MarketBeat in the last 30 days. MarketBeat FollowsOnly 1 people have added California Water Service Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, California Water Service Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $138,638.00 in 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 3.1 Earnings and Valuation Earnings GrowthEarnings for California Water Service Group are expected to grow by 19.38% in the coming year, from $1.60 to $1.91 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of California Water Service Group is 42.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.14.Price to Earnings Ratio vs. SectorThe P/E ratio of California Water Service Group is 42.34, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 102.14.Price to Book Value per Share RatioCalifornia Water Service Group has a P/B Ratio of 2.79. 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 HeadlinesJanuary 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 CompanyFebruary 4, 2023 | Tradewins (Ad)Know Your Profit Potential BEFORE You Trade!I’m Chuck Hughes, ten-time trading champion and author of the coveted e-book, “Options Trading Made Easy”, the strategy guide that will teach you to calculate your trade’s profit potential before you risk any capital. Click here for a free copy now! January 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 SavingsJanuary 20, 2023 | msn.comWe Energies crews traveling back from California help save woman after she drives off 75-foot cliffFebruary 4, 2023 | Wall Street Watch Dogs (Ad)“Future Fuel” will unleash $11 trillion wave of wealthThe next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…January 20, 2023 | latimes.comEnvironmental rules stoke anger as California lets precious stormwater wash out to seaJanuary 19, 2023 | msn.comWill wet weather return to California before winter ends?January 17, 2023 | finance.yahoo.comCalifornia Water Service Group Launches 10th Annual College Scholarship Program, Encourages Students to Learn More and ApplyJanuary 16, 2023 | latimes.comWhat is California doing about wasted stormwater?January 15, 2023 | msn.comCan California Wineries Capture Rainwater?January 14, 2023 | nbcnews.comCalifornia has been hammered with rain. It may not be enough to reverse its drought.January 6, 2023 | finance.yahoo.comAmerican Water (AWK) Unit to Acquire Sewer Assets for $1MJanuary 5, 2023 | msn.comCalifornia's water reservoirs still have a lot of room, even after the series of stormsJanuary 4, 2023 | msn.comCalifornia declares state of emergency as another massive deluge hitsDecember 22, 2022 | seekingalpha.comCWT California Water Service GroupDecember 22, 2022 | finance.yahoo.comCalifornia Water Service Sees Seventh Straight Month of Water SavingsDecember 19, 2022 | finance.yahoo.comCalifornia Water Service Group Utilities Complete Acquisition of Keauhou Wastewater System in Hawaii, Receive CPUC Approval to Acquire King’s Mountain Water System in CaliforniaDecember 15, 2022 | finance.yahoo.comCalifornia Water Service Partners With County of Tulare and Local Community Organizations to Consolidate Struggling Central Valley Water UsersDecember 14, 2022 | finance.yahoo.com10 Best Water Stocks To BuyDecember 7, 2022 | seekingalpha.comTime For A Review Of California Water Service - It Remains A 'Hold'December 7, 2022 | finance.yahoo.comCalifornia Water Service Group Honored as One of “America’s Most Responsible Companies” by NewsweekDecember 6, 2022 | finance.yahoo.comCalifornia Water Service Group Promotes Thomas A. Scanlon to Corporate Controller and Principal Accounting Officer and Justin B. Skarb to Vice President, Government and Community AffairsNovember 30, 2022 | finance.yahoo.comCalifornia Water Service Sees Sixth Straight Month of Water 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 Last Earnings10/28/2021Ex-Dividend for 11/18 Dividend11/04/2022Dividend Payable11/18/2022Ex-Dividend for 2/17 Dividend2/03/2023Today2/04/2023Dividend Payable2/17/2023Next Earnings (Estimated)2/23/2023Fiscal 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) 367-8200Fax831-427-9185Employees1,182Year 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+3.7%Consensus RatingHold Rating Score (0-4)1.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$1.48 Trailing P/E Ratio42.34 Forward P/E Ratio39.17 P/E GrowthN/ANet Income$101.13 million Net Margins9.76% Pretax Margin9.85% Return on Equity6.61% Return on Assets2.17% Debt Debt-to-Equity Ratio0.82 Current Ratio1.05 Quick Ratio1.02 Sales & Book Value Annual Sales$818.82 million Price / Sales4.20 Cash Flow$3.97 per share Price / Cash Flow15.78 Book Value$22.49 per share Price / Book2.79Miscellaneous Outstanding Shares54,824,000Free Float54,292,000Market Cap$3.44 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 & InstitutionsProShare Advisors LLCBought 9,660 shares on 2/2/2023Ownership: 0.280%SG Americas Securities LLCSold 3,937 shares on 2/2/2023Ownership: 0.040%Profund Advisors LLCSold 310 shares on 2/2/2023Ownership: 0.007%Regents of The University of CaliforniaBought 3,650 shares on 2/2/2023Ownership: 0.007%CWM LLCSold 402 shares on 2/1/2023Ownership: 0.002%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 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 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 12 month price objectives 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 3.7% 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 start of the year. Since then, CWT shares have increased by 3.3% and is now trading at $62.67. 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 in 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 volume of 233,900 shares, the short-interest ratio is presently 3.8 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) issued its quarterly earnings results on Thursday, October, 28th. The utilities provider reported $1.20 EPS 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 analysts' expectations 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 prior year, the firm posted $1.94 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 paid a dividend of $0.26 per share on Friday, February 17th. This represents a $1.04 annualized dividend and a yield of 1.66%. 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 1.56%. 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 70.27%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CWT will have a dividend payout ratio of 54.45% 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 number of retail and institutional investors. Top institutional shareholders include Zurcher Kantonalbank Zurich Cantonalbank (0.36%), ProShare Advisors LLC (0.28%), Clear Harbor Asset Management LLC (0.12%), First National Corp MA ADV (0.09%), Comerica Bank (0.08%) and Bank of Montreal Can (0.08%). 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 $62.67. 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 $818.82 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 2/4/2023 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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