California Water Service Group – CWT

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.

infoCalifornia Water Service Group is a mid cap stock with a total market cap of 2.97B.

infoThey trade on the NYSE and had their IPO 50 years and 6 months ago.

infoCalifornia Water Service Group currently employs 1225 people.

infoAs of Wednesday, Aug 23 2023, California Water Service Group’s share price is $51.42.

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News Relating to California Water Service Group
Zacks Investment Research
Reasons to Add California Water (CWT) to Your Portfolio

Wednesday Aug 16 2023 at 09:28

California Water (CWT) makes a strong case for investment, given its growth prospects, debt position and ability to increase shareholders’ value.


Zacks Investment Research
California Water (CWT) Q2 Earnings Disappoint, Sales Decline Y/Y

Friday Jul 28 2023 at 10:15

California Water (CWT) second-quarter 2023 earnings and revenues decline year over year. Total operating expenses decrease during the same period.


Zacks Investment Research
California Water Service Group (CWT) Q2 Earnings and Revenues Miss Estimates

Thursday Jul 27 2023 at 08:42

California Water Service Group (CWT) came out with quarterly earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.36 per share a year ago.


24/7 Wall Street
4 Low-Beta Utility Stocks to Buy Ahead of Fed’s Likely Rate Hike

Tuesday Jul 25 2023 at 22:39

Markets have been upbeat over the past couple of weeks as June inflation data raised hopes that the Fed might soon end its monetary tightening cycle.


Zacks Investment Research
What’s in Store for California Water (CWT) in Q2 Earnings?

Monday Jul 24 2023 at 10:06

California Water’s (CWT) second-quarter 2023 earnings are likely to have benefited from new customer rates and lower operating expenses.


Zacks Investment Research
California Water Service (CWT) Arm Acquires Stroh’s Water

Wednesday Jul 19 2023 at 15:07

California Water Service’s (CWT) unit, Washington Water, completes the acquisition of Stroh’s Water Company, adding 900 new customers.


InvestorPlace
Score These 3 Oversold Dividend Kings Now for Majestic Long-Term Profits

Friday Jul 07 2023 at 11:14

Struggling to find stocks to improve your portfolio’s total return? In today’s market, finding stocks that balance risk and return is the struggle of most investors.


GlobeNewsWire
California Water Service Group To Announce Financial Results

Thursday Jul 06 2023 at 16:15

SAN JOSE, Calif., July 06, 2023 (GLOBE NEWSWIRE) — California Water Service Group (NYSE: CWT) announced on July 6, 2023 that its second quarter 2023 financial results will be released at 9:00 a.m. ET with its conference call to follow at 11:00 a.m. ET on Thursday, July 27, 2023.


Seeking Alpha
July Dividend Kings: 5 Buys, 4 To Watch

Thursday Jun 29 2023 at 15:35

“There is only one-criterion to be included among the Dividend Kings: a publicly-traded company must increase its total fiscal-year dividend-payout for a minimum of 50 consecutive-years.”–Dogs of the Dow. The 50 Dividend Kings screened as of June 27, 2023, represented nine of eleven Morningstar Sectors. Broker targeted-top-ten net-gainers ranged 20.35%-40.04% topped-by ABM Industries, and Gorman-Rupp. By yield, MO tops-all. Top-ten Kingly July yields from NFG, BKH, ABBV, NWN, FRT, CDUAF, MMM, UVV, LEG, & MO averaged 5.4%.


Zacks Investment Research
Water Utilities in Focus on Upgrade of Aging Infrastructure

Wednesday Jun 14 2023 at 09:26

Investment and awareness of water utilities and federal government can improve the quality of water and wastewater infrastructure in the United States.


Seeking Alpha
California Water Service: This Dividend King Remains Fully Valued

Wednesday Jun 07 2023 at 08:45

CWT is a Dividend King, with 55 consecutive years of dividend growth. CWT is essentially immune to recessions thanks to the essential nature of water. However, CWT is fully valued.


InvestorPlace
4 Dividend Stocks to Play Defense

Wednesday May 31 2023 at 15:43

So far, the stock market has seemingly shrugged off fears of default if the U.S. debt ceiling is not raised. But intelligent investors may want to play it safe with dividend stocks.


Zacks Investment Research
California Water (CWT) Gains From Organic & Inorganic Assets

Monday May 22 2023 at 09:04

California Water Service Group (CWT), with its acquisitions and investments in infrastructure, is poised to gain from rising demand. However, compliance with changing regulations is a concern.


Seeking Alpha
My 12 Best Dividend Kings For May 2023

Monday May 08 2023 at 04:28

The 49 Dividend Kings collectively were up 0.51% in April and continue their positive year-to-date return. The 12 best dividend kings selected for April, based on forecasted growth and valuation, outperformed the average dividend king return by 2.78%.


InvestorPlace
The 7 Most Promising Water Industry Stocks to Buy in 2023

Sunday Apr 30 2023 at 14:26

Although the technology may get most of the attention, investors should consider throwing some spare funds at water stocks to buy. With water representing a core commodity for various industries, its supply, and access will likely play significant roles in both the economy and geopolitical relations.


Seeking Alpha
Dividend Champion, Contender, And Challenger Highlights: Week Of April 30

Sunday Apr 30 2023 at 06:08

A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends.


Seeking Alpha
California Water Service Group (CWT) Q1 2023 Earnings Call Transcript

Friday Apr 28 2023 at 22:44

California Water Service Group (NYSE:CWT ) Q1 2023 Earnings Conference Call April 27, 2023 11:00 AM ET Company Participants Tom Scanlon – Corporate Controller Marty Kropelnicki – President and CEO Tom Smegal – VP, CFO and Treasurer Conference Call Participants Jonathan Reeder – Wells Fargo Gregg Orrill – UBS Davis Sunderland – Baird Operator Good day, and welcome to the California Water Service Group Q1 2023 Earnings Call. [Operator Instructions] I’d now like to welcome Mr.


Zacks Investment Research
California Water (CWT) Q1 Earnings & Sales Lag Estimates

Thursday Apr 27 2023 at 15:57

California Water Service Group’s (CWT) first-quarter 2023 earnings and revenues miss estimates. Operating expenses decline.


GlobeNewsWire
California Water Service Group To Announce Financial Results

Thursday Apr 06 2023 at 16:15

SAN JOSE, Calif., April 06, 2023 (GLOBE NEWSWIRE) — California Water Service Group (NYSE: CWT) announced on April 6, 2023 that its first quarter 2023 financial results will be released at 9:00 a.m. ET with its conference call to follow at 11:00 a.m. ET on Thursday, April 27, 2023.


Zacks Investment Research
California Water Service Group (CWT) Up 1.5% Since Last Earnings Report: Can It Continue?

Friday Mar 31 2023 at 13:04

California Water Service Group (CWT) reported earnings 30 days ago. What’s next for the stock?


Zacks Investment Research
California Water (CWT) Investments to Aid as Infrastructure Ages

Friday Mar 31 2023 at 12:17

California Water (CWT) is expected to benefit from systematic investments and expansion through acquisitions. However, risks related to aging infrastructure can impact operations negatively.


InvestorPlace
The 7 Best Water Utility Stocks to Buy for Portfolio Diversification

Saturday Mar 18 2023 at 18:34

With the recent banking sector headwinds spilling over into other segments of the economy, investors may want to seek opportunities with the best water utility stocks to buy. No, utility firms don’t represent exciting investment sectors but that’s also the point.


Zacks Investment Research
California Water’s (CWT) Arm Closes Water System Assets Buyout

Wednesday Mar 15 2023 at 13:45

California Water Service Group’s (CWT) unit, Washington Water Service, completes the acquisition of Bethel Greenacres Water Association’s water system assets.


Seeking Alpha
My 12 Best Dividend Kings For March 2023

Wednesday Mar 08 2023 at 14:14

The 49 Dividend Kings started the new year on a positive note but cooled off in February, collectively losing 2.06%. The 11 best dividend kings selected for February, based on forecasted growth and valuation, outperformed the average dividend king return by 19 bps.


Zacks Investment Research
California Water (CWT) Q4 Earnings & Sales Surpass Estimates

Thursday Mar 02 2023 at 09:47

California Water Service Group???s (CWT) fourth-quarter earnings and revenues beat estimates.


Zacks Investment Research
California Water Service Group (CWT) Beats Q4 Earnings and Revenue Estimates

Wednesday Mar 01 2023 at 19:34

California Water Service Group (CWT) delivered earnings and revenue surprises of 59.09% and 11.55%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?


CNBC
California water officials raise State Water Project allocation after storms

Wednesday Feb 22 2023 at 17:17

The Department of Water Resources (DWR) said the modest increase in forecasted water deliveries this year is due to early gains in the Sierra snowpack.


GlobeNewsWire
California Water Service Group Schedules Fourth Quarter and Year-End 2022 Earnings Results Announcement and Conference Call

Monday Feb 13 2023 at 16:15

SAN JOSE, Calif., Feb. 13, 2023 (GLOBE NEWSWIRE) — California Water Service Group (NYSE: CWT) today announced that its fourth quarter and year-end 2022 earnings results will be released on March 1, 2023 with its conference call to follow at 11:00 a.m. ET on Thursday, March 2, 2023.


Seeking Alpha
3 Dividend Kings Among 22 Companies To Announce Annual Dividend Increases In First Half Of February

Sunday Jan 29 2023 at 20:33

There is a slew of dividend increases coming in February, including from dividend kings Genuine Parts, 3M, and PepsiCo in the first half of the month. Other popular stocks that traditionally announce annual increases in early February are Sherwin-Williams and Cisco.


Seeking Alpha
The Dividend Kings Ranked By Quality Score

Tuesday Jan 24 2023 at 09:15

Dividend Kings have an astounding track record of 50 or more years of higher dividend payouts. I rank the Dividend Kings using Quality Snapshots, a simple yet elegant system for assessing the quality of dividend growth stocks.

crisis_alert
California Water Service Group Bankruptcy Risk

The Altman Z-score is a formula that measures a company’s financial health and bankruptcy risk. It assigns a numerical score based on various financial ratios. The Z-score is divided into different zones. If the Z-score is above 2.99, it indicates a lower bankruptcy risk, classifying the company as ‘safe’ or ‘non-distressed’. If the score falls below 1.81, it suggests a higher risk, indicating potential financial distress or bankruptcy. The range between 1.81 and 2.99 is called the ‘gray zone’ or zone of ambiguity.

Learn more at Investopediaopen_in_new

warning

California Water Service Group’s Altman Z-score is 1.12 which is in the distress zone. This indicates a higher risk of financial distress and potential bankruptcy for the company. It can serve as a warning sign of significant financial challenges, requiring careful consideration by potential investors.

Derived from SEC.GOV filing dataopen_in_new

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California Water Service Group Insider Trading

Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.

Learn more at Investopediaopen_in_new

warning

Over the last 3 months, 1 insider has sold $56.79K of common stock in California Water Service Group on the stock market with no insider buying.

Derived from SEC.GOV filing dataopen_in_new

insights
Debt & Income Analysis

Income quality measures a company’s operating cash flow to net income ratio. It helps investors and analysts assess the sustainability of a company’s earnings. A high QIR indicates strong cash flows, while a low QIR may indicate non-operating activities driving net income.

Learn more at WallStreetPrepopen_in_new

sentiment_very_satisfied

California Water Service Group’s Income Quality of 3.05 is greater than its Industry Group of 1.26 (142.1% greater)

sentiment_very_satisfied

California Water Service Group’s Income Quality of 3.05 is greater than its Major Industry Group of 1.54 (98.1% greater)

sentiment_very_satisfied

California Water Service Group’s Income Quality of 3.05 is greater than its Sector of 1.39 (119.4% greater)

Derived from SEC.GOV filing dataopen_in_new


Current ratio measures a company’s ability to pay off short-term debt with its current assets (assets that a company expects to use up or convert to cash within a year). It represents the $ amount of current assets a company has for every $1 of short-term debt. A high current ratio above 1.0 indicates that a company can meet its short-term obligations, while a low current ratio below 1.0 suggests difficulty.

Learn more at Investopediaopen_in_new

sentiment_very_satisfied

California Water Service Group’s Current Ratio of 0.86 is in line with its Industry Group of 0.86

sentiment_very_satisfied

California Water Service Group’s Current Ratio of 0.86 is in line with its Major Industry Group of 0.86

warning

California Water Service Group’s Current Ratio of 0.86 is lower than its Sector of 1.18 (-27.1% lower)

Derived from SEC.GOV filing dataopen_in_new

query_stats
Value Analysis

PE ratio (price-to-earnings), measures a company’s stock price relative to its earnings per share. It helps investors evaluate whether its stock is overvalued or undervalued. A higher PE ratio indicates that investors are willing to pay more for a company’s earnings, while a lower PE ratio (above zero) suggests the company could be undervalued.

Learn more at Investopediaopen_in_new

warning

California Water Service Group’s PE Ratio of 47.35 is greater than its Industry Group of 27.17 (74.3% greater)

warning

California Water Service Group’s PE Ratio of 47.35 is greater than its Major Industry Group of 10.91 (334.0% greater)

warning

California Water Service Group’s PE Ratio of 47.35 is greater than its Sector of 6.18 (666.2% greater)

Derived from SEC.GOV filing dataopen_in_new


The PB ratio (price-to-book), measures a company’s stock price relative to its book value (net value of a company’s assets reported on its balance sheet, after subtracting debt) per share. It is used to evaluate a company’s valuation, with a lower PB ratio (above zero) indicating a lower valuation and a higher PB ratio suggesting overvaluation.

Learn more at Investopediaopen_in_new

sentiment_very_satisfied

California Water Service Group’s PB Ratio of 2.13 is lower than its Industry Group of 2.8 (-23.9% lower)

warning

California Water Service Group’s PB Ratio of 2.13 is greater than its Major Industry Group of 1.37 (55.5% greater)

warning

California Water Service Group’s PB Ratio of 2.13 is greater than its Sector of 1.01 (110.9% greater)

Derived from SEC.GOV filing dataopen_in_new

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Efficiency Analysis

ROE (Return on Equity), is a financial ratio that measures a company’s profitability relative to its shareholders’ equity (the amount of value in a company that belongs to the people who own shares). It indicates how efficiently a company generates profits per unit of equity invested. A high ROE suggests effective use of equity, while a low ROE indicates inefficiency.

Learn more at Investopediaopen_in_new

warning

California Water Service Group’s ROE of 0.04 is lower than its Industry Group of 0.08 (-50.0% lower)

sentiment_very_satisfied

California Water Service Group’s ROE of 0.04 is greater than its Major Industry Group of 0.03 (33.3% greater)

warning

California Water Service Group’s ROE of 0.04 is lower than its Sector of 0.06 (-33.3% lower)

Derived from SEC.GOV filing dataopen_in_new


ROCE (Return on Capital Employed), is a financial ratio that measures a company’s profitability relative to the amount of capital invested in its operations. It indicates how well a company is generating profits from its capital investments. A high ROCE suggests effective use of capital, while a low ROCE indicates inefficiency.

Learn more at Investopediaopen_in_new

warning

California Water Service Group’s ROCE of 0.03 is lower than its Industry Group of 0.04 (-25.0% lower)

warning

California Water Service Group’s ROCE of 0.03 is lower than its Major Industry Group of 0.04 (-25.0% lower)

warning

California Water Service Group’s ROCE of 0.03 is lower than its Sector of 0.06 (-50.0% lower)

Derived from SEC.GOV filing dataopen_in_new

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