Brokers Issue Forecasts for CWT FY2026 Earnings

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

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

Other analysts have also recently issued research reports about the stock. StockNews.com raised shares of California Water Service Group from a “sell” rating to a “hold” rating in a report on Wednesday. Bank of America started coverage on shares of California Water Service Group in a research note on Wednesday, December 11th. They issued a “buy” rating and a $57.00 price target on the stock. Finally, Wells Fargo & Company upgraded California Water Service Group from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $56.00 to $52.00 in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $53.25.

California Water Service Group Stock Performance

CWT stock opened at $43.26 on Wednesday. California Water Service Group has a 1 year low of $42.31 and a 1 year high of $56.25. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 12.50 and a beta of 0.52. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.60 and a current ratio of 0.64. The stock’s fifty day moving average is $48.70 and its two-hundred day moving average is $51.27.

California Water Service Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Tuesday, November 12th were given a $0.28 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $1.12 annualized dividend and a dividend yield of 2.59%. California Water Service Group’s dividend payout ratio (DPR) is presently 32.37%.

Insider Activity at California Water Service Group

In related news, VP Michael B. Luu sold 985 shares of California Water Service Group stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $51.50, for a total transaction of $50,727.50. Following the completion of the sale, the vice president now owns 20,354 shares of the company’s stock, valued at approximately $1,048,231. This trade represents a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.73% of the stock is currently owned by insiders.

Institutional Investors Weigh In On California Water Service Group

Several institutional investors have recently made changes to their positions in CWT. Blue Trust Inc. lifted its position in shares of California Water Service Group by 255.6% in the third quarter. Blue Trust Inc. now owns 505 shares of the utilities provider’s stock worth $27,000 after buying an additional 363 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of California Water Service Group by 50.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,236 shares of the utilities provider’s stock valued at $67,000 after acquiring an additional 413 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in California Water Service Group in the 2nd quarter worth approximately $85,000. nVerses Capital LLC bought a new stake in California Water Service Group during the third quarter worth approximately $119,000. Finally, CWM LLC grew its holdings in California Water Service Group by 129.1% during the third quarter. CWM LLC now owns 3,090 shares of the utilities provider’s stock valued at $168,000 after purchasing an additional 1,741 shares during the last quarter. 82.78% of the stock is currently owned by institutional investors and hedge funds.

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.