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

2 Wall Street equities 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 1 hold rating for the stock. The consensus among Wall Street equities 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.
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2 Wall Street research analysts have issued 12 month target prices for California Water Service Group's stock. Their CWT share price forecasts range from $63.00 to $67.00. On average, they expect the company's share price to reach $65.00 in the next year. This suggests a possible upside of 12.9% from the stock's current price.
View analysts price targets for CWT or view top-rated stocks among Wall Street analysts.

California Water Service Group's stock was trading at $60.64 at the beginning of 2023. Since then, CWT stock has decreased by 5.0% and is now trading at $57.59.
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California Water Service Group saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 848,600 shares, an increase of 7.1% from the February 28th total of 792,700 shares. Based on an average daily volume of 216,200 shares, the short-interest ratio is presently 3.9 days.
View California Water Service Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our CWT earnings forecast.

California Water Service Group (NYSE:CWT) released its quarterly earnings data on Thursday, March, 2nd. The utilities provider reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.13. The utilities provider had revenue of $200.94 million for the quarter, compared to analyst estimates of $180.14 million. California Water Service Group had a net margin of 11.34% and a trailing twelve-month return on equity of 7.72%. During the same quarter in the previous year, the business posted $0.07 earnings per share.

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 dividend on an annualized basis and a dividend yield of 1.81%. 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.

ETFs with the largest weight of California Water Service Group (NYSE:CWT) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), Invesco S&P Global Water Index ETF (CGW), Global X Clean Water ETF (AQWA), First Trust Water ETF (FIW), Opus Small Cap Value Plus ETF (OSCV), ProShares Russell US Dividend Growers ETF (TMDV), iShares Environmental Infrastructure and Industrials ETF (EFRA) and ETC 6 Meridian Small Cap Equity ETF (SIXS).

California Water Service Group (NYSE:CWT) pays an annual dividend of $1.04 per share and currently has a dividend yield of 1.83%. 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 59.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CWT will have a dividend payout ratio of 50.24% 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 variety of retail and institutional investors. Top institutional shareholders include T. Rowe Price Investment Management Inc. (4.25%), Impax Asset Management Group plc (2.78%), Dimensional Fund Advisors LP (2.29%), Amundi (2.07%), Geode Capital Management LLC (1.83%) and Nuance Investments LLC (1.54%). 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.
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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 $57.59.

California Water Service Group (NYSE:CWT) has a market capitalization of $3.20 billion and generates $846.43 million in revenue each year. The utilities provider earns $96.01 million in net income (profit) each year or $1.76 on an earnings per share basis.

The company employs 1,225 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.