California Water Service Group (NYSE:CWT – Free Report) – Zacks Research increased their Q4 2026 earnings per share estimates for California Water Service Group in a research report issued to clients and investors on Monday, May 18th. Zacks Research analyst Team now anticipates that the utilities provider will post earnings of $0.37 per share for the quarter, up from their previous estimate of $0.25. The consensus estimate for California Water Service Group’s current full-year earnings is $2.56 per share. Zacks Research also issued estimates for California Water Service Group’s Q2 2027 earnings at $0.75 EPS and Q3 2027 earnings at $1.37 EPS.
California Water Service Group (NYSE:CWT – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The utilities provider reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.18). California Water Service Group had a return on equity of 7.06% and a net margin of 11.77%.The business had revenue of $214.57 million during the quarter, compared to analysts’ expectations of $210.27 million. During the same period in the prior year, the firm posted $0.22 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis.
Get Our Latest Stock Report on CWT
California Water Service Group Stock Up 0.9%
CWT stock opened at $43.28 on Thursday. The stock’s fifty day simple moving average is $44.76 and its two-hundred day simple moving average is $44.78. The company has a current ratio of 0.69, a quick ratio of 0.65 and a debt-to-equity ratio of 0.87. California Water Service Group has a 1-year low of $41.29 and a 1-year high of $50.44. The stock has a market cap of $2.59 billion, a P/E ratio of 21.64, a P/E/G ratio of 1.58 and a beta of 0.51.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Arizona State Retirement System lifted its position in shares of California Water Service Group by 1.5% during the 3rd quarter. Arizona State Retirement System now owns 17,627 shares of the utilities provider’s stock valued at $809,000 after buying an additional 266 shares during the last quarter. California State Teachers Retirement System lifted its holdings in California Water Service Group by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 54,416 shares of the utilities provider’s stock worth $2,475,000 after purchasing an additional 278 shares in the last quarter. Bessemer Group Inc. lifted its holdings in California Water Service Group by 67.9% during the 1st quarter. Bessemer Group Inc. now owns 744 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 301 shares in the last quarter. Amalgamated Bank lifted its holdings in California Water Service Group by 1.8% during the 3rd quarter. Amalgamated Bank now owns 17,260 shares of the utilities provider’s stock worth $792,000 after purchasing an additional 306 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in California Water Service Group by 109.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 697 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 365 shares in the last quarter. Hedge funds and other institutional investors own 82.78% of the company’s stock.
Insiders Place Their Bets
In other news, VP Michael B. Luu sold 740 shares of the company’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $44.53, for a total transaction of $32,952.20. Following the transaction, the vice president owned 23,655 shares of the company’s stock, valued at $1,053,357.15. This represents a 3.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michael S. Mares, Jr. sold 3,892 shares of the company’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $44.00, for a total value of $171,248.00. Following the transaction, the vice president directly owned 8,525 shares in the company, valued at $375,100. This represents a 31.34% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.78% of the stock is owned by corporate insiders.
California Water Service Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Monday, May 11th will be given a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, May 11th. California Water Service Group’s dividend payout ratio is currently 67.00%.
More California Water Service Group News
Here are the key news stories impacting California Water Service Group this week:
- Positive Sentiment: Zacks Research raised earnings estimates across multiple periods for California Water Service Group, including FY2026, FY2027, FY2028, Q2 2026, Q3 2026, Q4 2026, and Q1 2028, suggesting improved profit expectations and a more constructive outlook for the utility.
- Positive Sentiment: The company announced board-approved promotions of Tamara S. Johnson to Vice President, California Operations, and Gregory D. Shimansky to Vice President, Rates and Regulatory Affairs, which may be viewed favorably as an operational and regulatory stability move. California Water Service Group Promotes Tamara S. Johnson to Vice President, California Operations and Gregory D.
- Neutral Sentiment: The revisions came from a research note rather than a company announcement, so they reflect analyst sentiment more than new operating results or guidance from California Water Service Group.
- Negative Sentiment: One Zacks update trimmed Q2 2027 EPS estimates slightly, showing that not all near-term forecasts were revised upward.
About California Water Service Group
California Water Service Group (NYSE: CWT) is a publicly traded holding company that provides regulated water utility services through its subsidiaries. The company delivers safe, reliable drinking water and wastewater management to residential, commercial, industrial and municipal customers across California, Hawaii and New Mexico. Its principal operating units include California Water Service, New Mexico Water Service and Hawaii Water Service, each responsible for end‐to‐end water supply operations—from source development and treatment to distribution and customer service.
Founded in 1926 as the California Water Service Company, the group has grown to become one of the largest investor‐owned water utilities in the United States by customer count.
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