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California Water Service Group (CWT)

NYSE - NYSE Delayed Price. Currency in USD
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56.64-0.06 (-0.11%)
At close: 4:00PM EDT
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Previous Close56.70
Bid55.18 x 1200
Ask56.61 x 900
Day's Range56.44 - 57.05
52 Week Range41.19 - 61.98
Avg. Volume214,780
Market Cap2.879B
Beta (5Y Monthly)0.10
PE Ratio (TTM)24.69
EPS (TTM)2.29
Earnings DateJul 28, 2021 - Aug 02, 2021
Forward Dividend & Yield0.92 (1.62%)
Ex-Dividend DateMay 07, 2021
1y Target Est52.00
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  • Munsey Elementary Fifth- and Sixth-Graders Win 2021 H2O Challenge

    Munsey Elementary Fifth- and Sixth-Graders Win 2021 H2O Challenge

    Students Proved Greywater can be Used to Solve Water Conservation Problems for Winning EntrySAN JOSE, Calif., May 12, 2021 (GLOBE NEWSWIRE) -- Barbara Elrod’s fifth- and sixth-grade class from Munsey Elementary in Bakersfield, Calif., learned today that their project titled “Greywater: It’s Not Grey, It’s Blue” took home the grand prize in the 2021 Cal Water H2O Challenge. The grand prize includes a $3,500 classroom grant and a $1,000 scholarship for each participating student. The Cal Water H2O Challenge (challenge.calwater.com) is a collaboration between California Water Service (Cal Water), the California Association of Science Educators (CASE), and DoGoodery. The free, project-based competition invites fourth-, fifth-, and sixth-grade classrooms in Cal Water service areas to develop and implement solutions for local water issues. During the pandemic, Cal Water evolved its model to help bring students a project-based learning opportunity, bearing in mind the limitations of distance learning. For the first time, students were able to focus on designing a water solution, in order to make the challenge more equitable and accessible amid coronavirus restrictions. Kern County, an agricultural community that is the largest producer of almonds in the world, is in a drought, and local experts say water usage inefficiency is a problem, according to the class submission. Since water issues are a common topic of conversation in their community, the students wanted to help address this issue and develop a solution. For their project, students demonstrated that greywater can be used to support water conservation and shared their findings with their community. The students began their research on greywater by speaking with a representative from the Kern County Water Agency. They then branched out and wrote to a wastewater officer, an almond farmer, and a soil chemist, among others. Additionally, they conducted various experiments including testing soil types and different properties of soap and water. They used these findings to create a web site that they shared with the school district. Their research earned them a front-page feature in the local newspaper and an interview with San Joaquin Valley Water News. According to Elrod, the challenge immensely impacted both the students and their community. “My students felt empowered by the experts' interest in their results and project. For a while, it seemed everyone in their lives and the whole school community was talking about their project,” Elrod said. Since this year’s competition was focused on design, the students plan to continue their pursuit of using greywater to increase water conservation in their community. Elrod described the lasting impact of the challenge, saying, “The overall effect of the water challenge is that my students made changes in their decisions about water usage. They now have a desire to educate others about water and encourage others to develop good water conservation habits. They have learned to work collaboratively, and become activists for environmental policies and change. In addition, the project proved that greywater can be a useful resource to help solve our local water problems.” Elrod believes that her class rose to the occasion and benefited greatly from the challenge. “I believe one success was to give my students projects that were meaningful to them personally and connect with the larger community that they would not otherwise have known about or been a part of. It gave them a reason to be invested in math, science, writing, and research,” Elrod said. “Also, students' talents and interests emerged, and they were exposed to different careers. Now, some students are hoping to be architects or engineers, scientists, social activists, chemists, teachers, web designers, and so on. And, they all have a desire to win money to go to college. A big success was seeing a growing awareness that what they were doing was important. They achieved their goals and found real answers to local water problems.” Despite the unprecedented challenges this year presented, by integrating water conservation, educational programs, and school curriculum, DoGoodery, CASE, and Cal Water’s partnership transcended distance learning and provided a space to connect with students and bring STEM (Science Technology, Engineering, and Math) and NGSS (Next-Generation Science Standards) into the virtual classroom. “Ms. Elrods’ fifth- and sixth-grade students went above and beyond to help support water conservation through their research on greywater, and I’m pleased to congratulate them on winning this year’s Cal Water H2O Challenge amid some tough competition,” said Martin A. Kropelnicki, Cal Water President and Chief Executive Officer. “I strongly believe that the next generation’s ability to forge new solutions to water issues, even in times of hardship, will help guide us toward a better future for the communities we serve.” About Cal WaterCalifornia Water Service serves about 2 million people through 492,600 service connections in California. The utility has provided water service in the state since 1926. Additional information may be obtained online at www.calwater.com. About CASEThe California Association of Science Educators (CASE) is a non-profit 501(c)(3) member-based community that works to lead the promotion of high-quality, equitable science education through advocacy, collaboration, and communication. Recognizing that science has a profound influence on our lives, our local environments, and our world. CASE fosters a community focused on enhancing scientific and environmental literacy and agency for all. For more information, visit https://cascience.org. About DoGooderyDoGoodery is a social impact agency with storytelling at the heart of its mission. DoGoodery collaborates with partners through all phases of social impact strategy building and storytelling, delivering goodness to audiences and clients alike and amplifying stories of change that empower, elevate, and excite. For more information visit www.dothegoodery.com. Contact: Yvonne Kingman, 310-257-1434

  • Cal Water Prepared for Drought in its Service Areas

    Cal Water Prepared for Drought in its Service Areas

    Twelve Districts Now Within Counties with State Drought DeclarationsSAN JOSE, Calif., May 11, 2021 (GLOBE NEWSWIRE) -- Following Governor Newsom’s addition of 39 counties to the emergency drought declaration yesterday, California Water Service (Cal Water) encouraged its customers to conserve water as much as possible, particularly as the state enters the warmer spring and summer months. The declaration brings the following 12 Cal Water districts under the drought emergency: Bakersfield (Kern County), Chico (Butte County), Dixon (Solano County), Kern River Valley (Kern County), Livermore (Alameda County), Marysville (Yuba County), Oroville (Butte County), Redwood Valley (Sonoma and Lake Counties), Selma (Fresno County), Stockton (San Joaquin County), Visalia (Tulare County), and Willows (Glenn County). The utility has been preparing to meet customers’ needs in preparation for drought conditions. While some preparations are specific to local service areas, efforts across all of its districts include: Replacing, repairing, and upgrading infrastructure to minimize water loss;Identifying and repairing leaks through a Water Loss Auditing and Control Program;Developing 30-year Water Supply and Facilities Master Plans, which enable the utility to identify and address potential gaps in supplies; andUpdating its Conservation Master Plan to help determine programs that would most benefit local customers and reduce water use. “Although our efforts are critically important, they can’t take the place of customer conservation efforts,” said Martin A. Kropelnicki, President and CEO. “Our customers throughout our service areas have done a tremendous job with their conservation efforts when needed, and we look forward to partnering with them again as we face another drought.” Cal Water encourages customers to utilize its industry-leading conservation program to help save water. The utility offers: Rebates on high-efficiency appliances and devices;A free conservation kit that includes a garden hose nozzle with shutoff valve, high-efficiency showerheads, faucet aerators, and more;Educational resources; andA smart landscape tune-up program that includes an irrigation system evaluation along with installation of efficient devices and repair of irrigation leaks at no cost to customers. Cal Water also reminds residents and businesses to continue observing the prohibited uses of water that have been in effect. Water-wasting activities include, in part, using water on outdoor landscaping that causes runoff onto adjacent properties or paved areas; using water during or within 48 hours after measurable rainfall; using a hose to wash vehicles unless the hose has a shutoff nozzle or similar device; and using water in a fountain or other decorative water feature, except where part of a recirculating system. Cal Water customers can visit calwater.com/conservation for information on conservation programs along with a full list of prohibited uses of water. California Water Service serves about 2 million people through 492,600 service connections in California. The utility has provided water service in the state since 1926. Additional information may be obtained online at www.calwater.com. Contact: Yvonne Kingman, 310-257-1434

  • American States Water (AWR) Q1 Earnings & Revenues Beat Mark

    American States Water (AWR) Q1 Earnings & Revenues Beat Mark

    American States Water's (AWR) first-quarter results reflect a year-over-year improvement in earnings as well as revenues.