FY2026 Earnings Forecast for CWT Issued By Seaport Res Ptn

California Water Service Group (NYSE:CWT) – Stock analysts at Seaport Res Ptn issued their FY2026 earnings estimates for California Water Service Group in a research note issued on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski expects that the utilities provider will post earnings per share of $2.56 for the year. The consensus estimate for California Water Service Group’s current full-year earnings is $3.29 per share.

CWT has been the subject of a number of other research reports. Bank of America initiated coverage on California Water Service Group in a report on Wednesday, December 11th. They set a “buy” rating and a $57.00 target price for the company. Wells Fargo & Company upgraded shares of California Water Service Group from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $56.00 to $52.00 in a report on Tuesday. Finally, StockNews.com cut shares of California Water Service Group from a “hold” rating to a “sell” rating in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $53.25.

California Water Service Group Trading Up 0.9 %

NYSE CWT opened at $44.35 on Wednesday. The stock has a market cap of $2.64 billion, a P/E ratio of 12.82 and a beta of 0.52. California Water Service Group has a fifty-two week low of $43.50 and a fifty-two week high of $56.25. The stock has a 50 day simple moving average of $48.86 and a two-hundred day simple moving average of $51.33. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.60 and a current ratio of 0.64.

California Water Service Group (NYSE:CWT) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $1.03 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.02). The firm had revenue of $299.60 million for the quarter, compared to the consensus estimate of $289.55 million. California Water Service Group had a net margin of 19.56% and a return on equity of 13.24%. The business’s revenue was up 17.5% on a year-over-year basis. During the same period last year, the company posted $0.60 earnings per share.

California Water Service Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Tuesday, November 12th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend was Tuesday, November 12th. California Water Service Group’s dividend payout ratio is currently 32.37%.

Insider Activity

In related news, VP Michael B. Luu sold 985 shares of California Water Service Group stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $51.50, for a total transaction of $50,727.50. Following the completion of the transaction, the vice president now directly owns 20,354 shares of the company’s stock, valued at $1,048,231. This trade represents a 4.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On California Water Service Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC grew its stake in shares of California Water Service Group by 70.5% in the 3rd quarter. FMR LLC now owns 63,625 shares of the utilities provider’s stock worth $3,450,000 after buying an additional 26,299 shares during the last quarter. Quest Partners LLC grew its stake in shares of California Water Service Group by 297.1% in the third quarter. Quest Partners LLC now owns 22,676 shares of the utilities provider’s stock worth $1,229,000 after acquiring an additional 16,966 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of California Water Service Group during the third quarter valued at $585,000. Charles Schwab Investment Management Inc. raised its position in shares of California Water Service Group by 7.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 710,958 shares of the utilities provider’s stock worth $38,548,000 after purchasing an additional 48,055 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in California Water Service Group by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,337,966 shares of the utilities provider’s stock worth $72,559,000 after purchasing an additional 24,275 shares in the last quarter. Hedge funds and other institutional investors own 82.78% of the company’s stock.

California Water Service Group Company Profile

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 services.