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 year. 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.
View CWT analyst ratings or view top-rated stocks.

2 Wall Street research analysts have issued 1-year target prices for California Water Service Group's shares. 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 19.0% 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 start of the year. Since then, CWT shares have decreased by 9.9% and is now trading at $54.62.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our CWT earnings forecast.

California Water Service Group (NYSE:CWT) announced its quarterly earnings data on Thursday, March, 2nd. The utilities provider reported $0.35 earnings per share (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 9.04% and a trailing twelve-month return on equity of 5.69%. During the same period in the previous year, the firm posted $0.07 EPS.

California Water Service Group declared a quarterly dividend on Wednesday, April 26th. Investors of record on Monday, May 8th will be given a dividend of $0.26 per share on Friday, May 19th. This represents a $1.04 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Friday, May 5th.
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), First Trust Water ETF (FIW), Invesco S&P Global Water Index ETF (CGW), Global X Clean Water ETF (AQWA), Opus Small Cap Value Plus ETF (OSCV), ProShares Russell US Dividend Growers ETF (TMDV), Ecofin Global Water ESG Fund (EBLU) and iShares Environmental Infrastructure and Industrials ETF (EFRA).

California Water Service Group (NYSE:CWT) pays an annual dividend of $1.04 per share and currently has a dividend yield of 1.88%. 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 77.61%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, CWT will have a dividend payout ratio of 50.00% 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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (18.40%), State Street Corp (8.71%), Pictet Asset Management SA (2.70%), Dimensional Fund Advisors LP (2.17%), Geode Capital Management LLC (1.89%) and Nuance Investments LLC (1.50%). 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 $54.62.

California Water Service Group (NYSE:CWT) has a market capitalization of $3.06 billion and generates $846.43 million in revenue each year. The utilities provider earns $96.01 million in net income (profit) each year or $1.34 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.