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

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.

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.

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.

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.

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) 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.

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.

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.

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 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.

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.

One share of CWT stock can currently be purchased for approximately $64.93.

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.

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.