California Water Service Group (NYSE:CWT – Free Report) – Zacks Research lowered their FY2026 EPS estimates for shares of California Water Service Group in a note issued to investors on Wednesday, November 11th. Zacks Research analyst Team now expects that the utilities provider will post earnings of $2.43 per share for the year, down from their prior forecast of $2.61. The consensus estimate for California Water Service Group’s current full-year earnings is $2.53 per share. Zacks Research also issued estimates for California Water Service Group’s Q4 2026 earnings at $0.38 EPS, Q1 2027 earnings at $0.23 EPS, Q2 2027 earnings at $0.87 EPS, Q3 2027 earnings at $1.27 EPS, FY2027 earnings at $2.69 EPS, Q1 2028 earnings at $0.32 EPS, Q2 2028 earnings at $0.85 EPS, Q3 2028 earnings at $1.28 EPS and FY2028 earnings at $2.79 EPS.
California Water Service Group (NYSE:CWT – Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The utilities provider reported $1.05 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.11). The firm had revenue of $332.17 million for the quarter, compared to analysts’ expectations of $332.17 million. California Water Service Group had a net margin of 12.78% and a return on equity of 7.75%. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the company posted $1.03 earnings per share.
CWT has been the subject of several other research reports. Seaport Research Partners reissued a “buy” rating and set a $53.00 price target on shares of California Water Service Group in a research report on Wednesday, August 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of California Water Service Group in a research report on Monday, November 2nd. Freedom Broker upgraded California Water Service Group from a “hold” rating to a “buy” rating and increased their target price for the company from $49.00 to $53.00 in a research note on Thursday, October 29th. Finally, Wall Street Zen upgraded California Water Service Group from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, California Water Service Group currently has a consensus rating of “Moderate Buy” and an average target price of $53.50.
Check Out Our Latest Report on CWT
California Water Service Group Stock Down 0.5%
Shares of California Water Service Group stock opened at $49.42 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.68 and a current ratio of 0.71. The stock has a market capitalization of $3.11 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 1.79 and a beta of 0.47. California Water Service Group has a 52-week low of $41.29 and a 52-week high of $53.82. The company has a 50-day simple moving average of $47.55 and a two-hundred day simple moving average of $46.88.
Institutional Investors Weigh In On California Water Service Group
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of California Water Service Group in the second quarter valued at about $523,255,000. Amundi lifted its holdings in shares of California Water Service Group by 0.5% in the second quarter. Amundi now owns 3,486,859 shares of the utilities provider’s stock worth $169,741,000 after buying an additional 15,862 shares in the last quarter. Nuance Investments LLC bought a new position in shares of California Water Service Group during the second quarter worth $53,324,000. Dimensional Fund Advisors LP boosted its position in shares of California Water Service Group by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,158,359 shares of the utilities provider’s stock worth $52,522,000 after acquiring an additional 4,428 shares during the last quarter. Finally, Legal & General Group Plc purchased a new position in California Water Service Group during the second quarter valued at $39,285,000. Institutional investors own 82.78% of the company’s stock.
Insider Buying and Selling
In related news, Director Lester Snow sold 500 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $50.21, for a total transaction of $25,105.00. Following the completion of the sale, the director owned 17,817 shares in the company, valued at approximately $894,591.57. This represents a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.78% of the company’s stock.
California Water Service Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Monday, November 9th will be issued a $0.3350 dividend. The ex-dividend date of this dividend is Monday, November 9th. This represents a $1.34 annualized dividend and a dividend yield of 2.7%. California Water Service Group’s payout ratio is presently 59.82%.
Recent California Water Service Group Headlines
These are some of the CWT headlines that stood out recently:
- Positive Sentiment: Zacks raised its FY2028 EPS estimate to $2.79 from $2.76. It also lifted estimates for Q2 2027, Q1 2028 and Q2 2028, indicating some improvement in selected future-quarter expectations.
- Negative Sentiment: Zacks cut its FY2026 EPS forecast to $2.43 from $2.61, below the cited $2.53 full-year consensus. It also lowered FY2027 to $2.69 from $2.72 and reduced estimates for Q4 2026, Q1 2027, Q3 2027 and Q3 2028. The near-term downgrades are the more significant signal and may pressure the stock.
California Water Service Group Company Profile
California Water Service Group is a holding company that provides water and wastewater services through regulated utility subsidiaries. Its operations serve residential, commercial, industrial and public-sector customers, with services that include water delivery, wastewater collection and treatment, and related utility operations. The company serves communities in California, Hawaii, New Mexico and Washington. Its subsidiaries include California Water Service, Hawaii Water Service, New Mexico Water Service and Washington Water Service.
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