California Water ServiceCWT
Market Cap: $3.19B
About: California Water Service Group is a U.S. water and utilities holding company based in California. The company engages in the production, treatment, storage, distribution, and sale of water for various uses. The firm operates through its subsidiaries, which can be divided between regulated and unregulated businesses. The regulated public utilities subsidiaries operate in California, New Mexico, Washington, and Hawaii. The unregulated subsidiaries provide water utility services to private companies and municipalities. The company derives the majority of its revenue from its operations in California and, overall, from residential customers.
Employees: 1,266
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
250% more call options, than puts
Call options by funds: $441K | Put options by funds: $126K
84% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 31
10% more funds holding
Funds holding: 269 [Q1] → 295 (+26) [Q2]
3% more capital invested
Capital invested by funds: $2.27B [Q1] → $2.34B (+$70.4M) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
1.1% less ownership
Funds ownership: 84.8% [Q1] → 83.7% (-1.1%) [Q2]
17% less repeat investments, than reductions
Existing positions increased: 85 | Existing positions reduced: 102
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Wells Fargo Jonathan Reeder 57% 1-year accuracy 8 / 14 met price target | 5%upside $57 | Equal-Weight Upgraded | 31 Jul 2024 |
Financial journalist opinion
Based on 9 articles about CWT published over the past 30 days