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NYSE:CWT

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

$64.32
-0.61 (-0.94%)
(As of 12/1/2022 11:53 AM ET)
Add
Compare
Today's Range
$61.54
$65.18
50-Day Range
$51.69
$65.53
52-Week Range
$48.46
$72.08
Volume
5,926 shs
Average Volume
218,213 shs
Market Capitalization
$3.53 billion
P/E Ratio
43.46
Dividend Yield
1.58%
Price Target
$64.00

California Water Service Group MarketRank™ Forecast

Analyst Rating
Hold
1.67 Rating Score
Upside/​Downside
1.6% Downside
$64.00 Price Target
Short Interest
Healthy
1.59% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
+0.43
Upright™ Environmental Score
News Sentiment
0.51mentions of California Water Service Group in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$178,989 Sold Last Quarter
Proj. Earnings Growth
22.64%
From $1.59 to $1.95 Per Share

Overall MarketRank

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

2.69 out of 5 stars

Utilities Sector

11th out of 87 stocks

Water Supply Industry

5th out of 11 stocks

CWT stock logo

About California Water Service Group (NYSE:CWT) Stock

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, Hawaii, and Texas. The company 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 offers its services to approximately 494,500 customer connections in 100 California communities; approximately 6,200 water and wastewater customer connections on the islands of Maui and Hawaii; approximately 36,400 customer connections in the Tacoma, Olympia, Graham, Spanaway, Puyallup, and Gig Harbor areas; and approximately 8,600 water and wastewater customer connections in the Belen, Los Lunas, Indian Hills, and Elephant Butte areas in New Mexico. The company also engages in the provision of non-regulated water-related services, including operating of municipally owned water systems, privately owned water, and recycled water distribution systems; water system operation, meter reading, and billing services to private companies and municipalities; leasing of communication antenna sites on its properties to telecommunication companies; and billing of optional third-party insurance programs to its residential customers, as well as provides lab services. In addition, it offers wastewater collection and treatment services. The company was founded in 1926 and is headquartered in San Jose, California.

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CWT Stock News Headlines

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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
12/01/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/23/2023

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
$64.00
High Stock Price Forecast
$67.00
Low Stock Price Forecast
$61.00
Forecasted Upside/Downside
-0.5%
Consensus Rating
Hold
Rating Score (0-4)
1.67
Research Coverage
3 Analysts

Profitability

Net Income
$101.13 million
Pretax Margin
9.85%

Debt

Sales & Book Value

Annual Sales
$790.91 million
Cash Flow
$4.13 per share
Book Value
$23.32 per share

Miscellaneous

Free Float
54,292,000
Market Cap
$3.53 billion
Optionable
Optionable
Beta
0.44

Key Executives

  • Mr. Martin A. Kropelnicki (Age 55)
    Pres, CEO & Director
    Comp: $2.15M
  • Mr. Thomas F. Smegal III (Age 55)
    VP, CFO & Treasurer
    Comp: $643.44k
  • Ms. Lynne P. McGhee Esq.Ms. Lynne P. McGhee Esq. (Age 57)
    VP & Gen. Counsel
    Comp: $460.16k
  • Mr. Paul G. Townsley (Age 65)
    VP of Corp. Devel.
    Comp: $570.39k
  • Mr. Robert J. KutaMr. Robert J. Kuta (Age 57)
    VP of Engineering and Chief Water Quality & Environmental Compliance Officer
    Comp: $502.46k
  • Mr. Michael S. Mares Jr. (Age 55)
    VP of Operations
  • Mr. David B. Healey (Age 66)
    VP, Corp. Controller, Assistant Treasurer & Chief Accounting Officer
  • Mr. Ronald D. Webb (Age 65)
    VP & Chief Human Resource Officer
  • Mr. Michael B. LuuMr. Michael B. Luu (Age 42)
    VP of Information Technology & Chief Risk Officer
  • Ms. Shannon C. Dean (Age 54)
    VP of Customer Service & Chief Citizenship Officer













CWT Stock - Frequently Asked Questions

Should I buy or sell California Water Service Group stock right now?

3 Wall Street 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 2 hold ratings 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.

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

3 analysts have issued twelve-month price targets for California Water Service Group's stock. Their CWT share price forecasts range from $61.00 to $67.00. On average, they expect the company's stock price to reach $64.00 in the next year. This suggests that the stock has a possible downside of 1.4%.
View analysts price targets for CWT
or view top-rated stocks among Wall Street analysts.

How have CWT shares performed in 2022?

California Water Service Group's stock was trading at $71.86 at the beginning of the year. Since then, CWT stock has decreased by 9.6% and is now trading at $64.93.
View the best growth stocks for 2022 here
.

Are investors shorting California Water Service Group?

California Water Service Group saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 871,500 shares, a decrease of 24.9% from the October 31st total of 1,160,000 shares. Based on an average daily volume of 261,000 shares, the short-interest ratio is currently 3.3 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) posted its earnings results on Thursday, October, 28th. The utilities provider reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.41. The utilities provider had revenue of $256.72 million for 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 quarter last year, the business earned $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, October 26th. Investors of record on Monday, November 7th will be given a dividend of $0.25 per share on Friday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Friday, November 4th.
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 1.58%. The company has been increasing its dividend for 54 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 51.28% 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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (17.75%), Vanguard Group Inc. (12.08%), State Street Corp (9.35%), Pictet Asset Management SA (3.00%), Impax Asset Management Group plc (2.84%) and Dimensional Fund Advisors LP (2.27%). 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 $64.93.

How much money does California Water Service Group make?

California Water Service Group (NYSE:CWT) has a market capitalization of $3.56 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 12/1/2022 by MarketBeat.com Staff