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California Water Service (CWT) Stock

Profile

Full Name:

California Water Service Group

Sector:

Utilities

Industry:

Water

Country:

United States

IPO:

26 March 1990

Indexes:

Not included

Description:

California Water Service Group is a holding company that, together with its subsidiaries, provides water supply and other related services in the USA. The company was founded in 1926 with headquarters in San Jose, California. California Water Service Group is involved in the purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation purposes, as well as for fire protection. The company also provides non-regulated services related to water resources, including operating municipal water supply systems, private water supply systems, and wastewater distribution systems. Additionally, the company offers services for operating water supply systems, meter reading, and billing to private companies and municipalities.

Key Details

Price

$45.29

TTM Dividend Yield

2.47%(+7.39% YoY)

Annual Revenue

$794.63 M(-6.12% YoY)

Annual EPS

$0.91(-48.59% YoY)

PE Ratio

13.05(-74.06% YoY)

Beta

0.26

Events Calendar

Earnings

Next earnings date:

Feb 28, 2025

Recent quarterly earnings:

Oct 31, 2024

Recent annual earnings:

Feb 29, 2024
Dividend

Next ex-dividend date:

Feb 10, 2025

Recent ex-dividend date:

Nov 12, 2024
Splits

Next split:

N/A

Recent split:

June 13, 2011

Analyst ratings

Recent major analysts updates

07 Jan '25 Wells Fargo
Overweight
31 July '24 Wells Fargo
Equal-Weight
26 Apr '24 Baird
Outperform
04 Apr '24 UBS
Neutral
01 Mar '24 Baird
Outperform
28 July '23 Janney Montgomery Scott
Buy
28 June '23 Wells Fargo
Equal-Weight
14 June '23 UBS
Sell
30 Nov '22 UBS
Neutral
31 Oct '22 Wells Fargo
Underweight

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Institutional Ownership

California Water Service Group Board of Directors Declares 320th Consecutive Quarterly Dividend and Announces One-Time Special Dividend
California Water Service Group Board of Directors Declares 320th Consecutive Quarterly Dividend and Announces One-Time Special Dividend
California Water Service Group Board of Directors Declares 320th Consecutive Quarterly Dividend and Announces One-Time Special Dividend
CWT
globenewswire.com29 January 2025

SAN JOSE, Calif., Jan. 29, 2025 (GLOBE NEWSWIRE) -- At its meeting on January 29, 2025, the California Water Service Group (NYSE: CWT) (Company) Board of Directors (Board) declared the company's 320th consecutive quarterly dividend in the amount of $0.30 per common share, this reflects an $0.08 annual increase that is expected to yield an annual dividend of $1.20. In addition, the Board declared a one-time special dividend in the amount of $0.04 per common share. Both the quarterly dividend and the special one-time dividend will be payable on February 21, 2025, to stockholders of record as of the close of business on February 10, 2025.

Trump directs US government to override California water policies if necessary
Trump directs US government to override California water policies if necessary
Trump directs US government to override California water policies if necessary
CWT
reuters.com26 January 2025

Trump has falsely claimed that Democratic Governor Gavin Newsom and other officials refused to provide water from the northern part of the state to fight the fires.

California Public Utilities Commission Grants California Water Service's Request to Postpone Cost of Capital Application to May 1, 2026
California Public Utilities Commission Grants California Water Service's Request to Postpone Cost of Capital Application to May 1, 2026
California Public Utilities Commission Grants California Water Service's Request to Postpone Cost of Capital Application to May 1, 2026
CWT
globenewswire.com15 January 2025

SAN JOSE, Calif., Jan. 15, 2025 (GLOBE NEWSWIRE) -- (NYSE: CWT)—The California Public Utilities Commission (CPUC) has granted the request of California Water Service (Cal Water) and three other utilities to postpone their Cost of Capital applications from May 1, 2025 to May 1, 2026. The decision effectively maintains the current 10.27% return on equity (ROE) and 4.23% cost of debt for Cal Water, with a capital structure of 53.40% common equity and 46.60% long-term debt, and an authorized rate of return of 7.46%.

California Water Service Group Offering $80,000 to Students through 12th Annual College Scholarship Program
California Water Service Group Offering $80,000 to Students through 12th Annual College Scholarship Program
California Water Service Group Offering $80,000 to Students through 12th Annual College Scholarship Program
CWT
globenewswire.com13 January 2025

SAN JOSE, Calif., Jan. 13, 2025 (GLOBE NEWSWIRE) -- To help improve the quality of life in the communities it serves, California Water Service Group (Group) (NYSE: CWT) has opened its 11th annual College Scholarship Program cycle for customers served by its California, Hawaii, New Mexico, and Washington subsidiaries.

California Water Service Group Promotes Kenneth G. Jenkins to Vice President, Water Resources Planning and Sustainability
California Water Service Group Promotes Kenneth G. Jenkins to Vice President, Water Resources Planning and Sustainability
California Water Service Group Promotes Kenneth G. Jenkins to Vice President, Water Resources Planning and Sustainability
CWT
globenewswire.com07 January 2025

SAN JOSE, Calif., Jan. 07, 2025 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE:CWT) today announced the promotion of Kenneth G. Jenkins to the newly created position of Vice President, Water Resources Planning and Sustainability, effective January 1, 2025.

California Water Service Awards More Than $175,000 in Grants to Seven Fire Departments
California Water Service Awards More Than $175,000 in Grants to Seven Fire Departments
California Water Service Awards More Than $175,000 in Grants to Seven Fire Departments
CWT
globenewswire.com18 December 2024

SAN JOSE, Calif., Dec. 18, 2024 (GLOBE NEWSWIRE) -- To support local fire departments and their efforts to provide rescue and emergency services, California Water Service (Cal Water) today announced it will award more than $175,000 in grants to seven California fire departments as part of the utility's sixth annual Firefighter Grant Program.

California Water Service Group Completes Purchase of Kukui'ula South Shore Community Services' Wastewater System
California Water Service Group Completes Purchase of Kukui'ula South Shore Community Services' Wastewater System
California Water Service Group Completes Purchase of Kukui'ula South Shore Community Services' Wastewater System
CWT
globenewswire.com05 December 2024

SAN JOSE, Calif., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Expanding its operations on The Garden Isle, California Water Service Group (NYSE: CWT) subsidiary Hawaii Water Service (Hawaii Water) finalized the acquisition of Kukui'ula South Shore Community Services' (KSSCS) wastewater system assets yesterday.

California Water Service Group Named One of “America's Most Responsible Companies” by Newsweek for Fourth Consecutive Year
California Water Service Group Named One of “America's Most Responsible Companies” by Newsweek for Fourth Consecutive Year
California Water Service Group Named One of “America's Most Responsible Companies” by Newsweek for Fourth Consecutive Year
CWT
globenewswire.com04 December 2024

SAN JOSE, Calif., Dec. 04, 2024 (GLOBE NEWSWIRE) -- As a reflection of the utility's ongoing commitment to sustainability and corporate citizenship, Newsweek today named California Water Service Group (Group) (NYSE: CWT) one of “America's Most Responsible Companies” for 2025.

California Water Leaders Heading to Palm Desert for ACWA Fall Conference
California Water Leaders Heading to Palm Desert for ACWA Fall Conference
California Water Leaders Heading to Palm Desert for ACWA Fall Conference
CWT
globenewswire.com25 November 2024

Public water agency leaders from throughout California will gather in Palm Desert Dec. 4-5 for the Assoc. of Calif. Water Agencies Fall Conference & Expo

California Water Service Group (CWT) Lags Q3 Earnings Estimates
California Water Service Group (CWT) Lags Q3 Earnings Estimates
California Water Service Group (CWT) Lags Q3 Earnings Estimates
CWT
zacks.com31 October 2024

California Water Service Group (CWT) came out with quarterly earnings of $1.03 per share, missing the Zacks Consensus Estimate of $1.09 per share. This compares to earnings of $0.60 per share a year ago.

FAQ

  • What is the primary business of California Water Service?
  • What is the ticker symbol for California Water Service?
  • Does California Water Service pay dividends?
  • What sector is California Water Service in?
  • What industry is California Water Service in?
  • What country is California Water Service based in?
  • When did California Water Service go public?
  • Is California Water Service in the S&P 500?
  • Is California Water Service in the NASDAQ 100?
  • Is California Water Service in the Dow Jones?
  • When was California Water Service's last earnings report?
  • When does California Water Service report earnings?
  • Should I buy California Water Service stock now?

What is the primary business of California Water Service?

California Water Service Group is a holding company that, together with its subsidiaries, provides water supply and other related services in the USA. The company was founded in 1926 with headquarters in San Jose, California. California Water Service Group is involved in the purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation purposes, as well as for fire protection. The company also provides non-regulated services related to water resources, including operating municipal water supply systems, private water supply systems, and wastewater distribution systems. Additionally, the company offers services for operating water supply systems, meter reading, and billing to private companies and municipalities.

What is the ticker symbol for California Water Service?

The ticker symbol for California Water Service is NYSE:CWT

Does California Water Service pay dividends?

Yes, California Water Service pays dividends. The last payment was $0.28, with an ex-dividend date on 12 November 2024

What sector is California Water Service in?

California Water Service is in the Utilities sector

What industry is California Water Service in?

California Water Service is in the Water industry

What country is California Water Service based in?

California Water Service is headquartered in United States

When did California Water Service go public?

California Water Service's initial public offering (IPO) was on 26 March 1990

Is California Water Service in the S&P 500?

No, California Water Service is not included in the S&P 500 index

Is California Water Service in the NASDAQ 100?

No, California Water Service is not included in the NASDAQ 100 index

Is California Water Service in the Dow Jones?

No, California Water Service is not included in the Dow Jones index

When was California Water Service's last earnings report?

California Water Service's most recent earnings report was on 31 October 2024

When does California Water Service report earnings?

The next expected earnings date for California Water Service is 28 February 2025

Should I buy California Water Service stock now?

As of today, analysts generally recommend a 'Strong buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions