California Water Service
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
0
Funds holding %
of 7,139 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
21% more repeat investments, than reductions
Existing positions increased: 120 | Existing positions reduced: 99
19% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 36
0.9% more ownership
Funds ownership: 81.62% [Q3] → 82.51% (+0.9%) [Q4]
1% less funds holding
Funds holding: 318 [Q3] → 316 (-2) [Q4]
14% less capital invested
Capital invested by funds: $2.6B [Q3] → $2.23B (-$370M) [Q4]
55% less call options, than puts
Call options by funds: $109K | Put options by funds: $244K
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$52
14%
upside
Avg. target
$52
14%
upside
High target
$52
14%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Wells Fargo Jonathan Reeder 60% 1-year accuracy 9 / 15 met price target | 14%upside $52 | Overweight Upgraded | 7 Jan 2025 |
Financial journalist opinion
Based on 6 articles about CWT published over the past 30 days
Neutral
GlobeNewsWire
1 week ago
California Water Service Partners with Walmart to Expand Payment Options for Cash- and Debit Card-Paying Customers
SAN JOSE, Calif., Feb. 11, 2025 (GLOBE NEWSWIRE) -- To better support customers who prefer to pay their bills in person with cash or debit cards, California Water Service (Cal Water) has partnered with Walmart to enable these customers to pay their water bills at Walmart Bill Pay service counters nationwide at no additional cost.
Positive
Seeking Alpha
2 weeks ago
23 Upcoming Dividend Increases, Including 2 Kings
Excited to announce dividend hikes for 23 companies, including dividend kings SJW Group and California Water Service Group, with 5% and 7.1% increases. Companies with consistent dividend growth indicate financial health, attracting investors and boosting stock prices, leading to long-term wealth accumulation. Investment strategy focuses on stocks with rising dividends and outperforming benchmarks, using data from U.S. Dividend Champions and NASDAQ.
Neutral
GlobeNewsWire
2 weeks ago
California Water Service Group Schedules 2024 Full-Year and Fourth-Quarter Earnings Results Announcement and Conference Call
SAN JOSE, Calif., Feb. 06, 2025 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) today announced that its 2024 full-year and fourth-quarter earnings results will be released at 9:00 a.m. ET with its earnings conference call to follow at 11:00 a.m. ET on Thursday, February 27, 2025.
Neutral
GlobeNewsWire
3 weeks ago
California Water Service Group Board of Directors Declares 320th Consecutive Quarterly Dividend and Announces One-Time Special Dividend
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.
Positive
Seeking Alpha
4 weeks ago
These Could Be The 10 Best Deep Value Dividend Aristocrat Bargains For February
The market's recent pullback is over. The S&P has hit record highs, driven by strong earnings growth potential through 2027. Despite the S&P 500's historically high PEGY ratio, robust growth forecasts (10%–15% annual EPS through 2026) mean valuations alone won't necessarily trigger a bear market. These 10‐stock dividend aristocrats are 37% undervalued. They offer an average yield of 3.4% and, if they revert to fair value, the potential to deliver up to 78% upside in 2025.
Neutral
Seeking Alpha
4 weeks ago
What Can The Dividend Kings Deliver In 2025?
The Dividend Kings underperformed the broad U.S. equity market in 2024, achieving a 5.53% total return compared to the S&P 500's 24.89%. 2024 returns for the Dividend Kings were primarily driven by earnings growth and dividends, with the change in P/E ratio being a detractor. I breakdown the components of total return for each Dividend King by sector to gain insights into current valuation.
Positive
Seeking Alpha
1 month ago
Buy 3 'Safer' Dividend Kings Of 25 From 53 For January
“A Dividend King [is] a stock with 50 or more consecutive years of dividend increases.”—suredividend.com. 53 Divided Kings, screened as of January 10, 2025, represented all eleven Morningstar Sectors. Broker-estimated top-ten net-gains ranged 22.84%-62.53% topped-by SJW & SCL. By yield, MO topped all the Kings. Top-ten Yields from KVUE, SWK, UBSI, FTS, FRT, BKH, NWN, CDUAF, UVV, & MO, averaged 5.04%.
Neutral
GlobeNewsWire
1 month ago
California Public Utilities Commission Grants California Water Service's Request to Postpone Cost of Capital Application to May 1, 2026
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%.
Neutral
GlobeNewsWire
1 month ago
California Water Service Group Offering $80,000 to Students through 12th Annual College Scholarship Program
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.
Neutral
GlobeNewsWire
1 month ago
California Water Service Group Promotes Kenneth G. Jenkins to Vice President, Water Resources Planning and Sustainability
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.
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