U.S. markets open in 8 hours 19 minutes

California Water Service Group (CWT)

NYSE - NYSE Delayed Price. Currency in USD
Add to watchlist
46.69+0.53 (+1.15%)
At close: 4:00PM EDT
Full screen
Trade prices are not sourced from all markets
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Bearishpattern detected
Engulfing Line (Bearish)

Engulfing Line (Bearish)

Previous Close46.16
Bid0.00 x 800
Ask0.00 x 1000
Day's Range46.15 - 46.96
52 Week Range39.74 - 57.36
Avg. Volume251,153
Market Cap2.306B
Beta (5Y Monthly)-0.02
PE Ratio (TTM)58.44
Earnings DateN/A
Forward Dividend & Yield0.85 (1.82%)
Ex-Dividend DateAug 07, 2020
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
-31% Est. Return
Research that delivers an independent perspective, consistent methodology and actionable insight
Related Research
View more
  • GlobeNewswire

    California Water Service Group Schedules Third Quarter 2020 Earnings Results Announcement and Teleconference

    SAN JOSE, Calif., Oct. 15, 2020 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) today announced that its third quarter 2020 earnings results will be released at 9:00 a.m. ET with its teleconference to follow at 11:00 a.m. ET on Friday, November 6, 2020. All stockholders and interested investors are invited to listen to the teleconference. Please dial in at least 15 minutes in advance to ensure a timely connection to the call. The 2020 third quarter conference call may be accessed by dialing 1-833-832-5130 or 1-509-844-0151 and keying in ID 3858077. A replay of the call will be available from 2:00 p.m. ET on Friday, November 6, 2020 through February 5, 2021, at 1-855-859-2056 or 1-404-537-3406, ID 3858077. The replay will also be available under the investor relations tab at www.calwatergroup.com. The call will be hosted by President and Chief Executive Officer Martin A. Kropelnicki, Vice President and Chief Financial Officer Thomas F. Smegal, Vice President, Corporate Development and Chief Regulatory Officer Paul G. Townsley, and Vice President, Corporate Controller David B. Healey. Prior to the call, Cal Water will furnish a slide presentation on its website at 9:00 a.m. ET.About California Water Service Group California Water Service Group is the parent company of California Water Service, Washington Water Service, New Mexico Water Service, Hawaii Water Service, CWS Utility Services, and HWS Utility Services. Together, these companies provide regulated and non-regulated water service to nearly 2 million people in California, Washington, New Mexico, and Hawaii. California Water Service Group’s common stock trades on the New York Stock Exchange under the symbol “CWT.” Additional information is available online at www.calwatergroup.com.Contact Tom Smegal 408-367-8200 (analysts)Shannon Dean 408-367-8243 (media)

  • GlobeNewswire

    California Public Utilities Commission Issues Proposed Decision on Cal Water’s 2018 General Rate Case

    SAN JOSE, Calif., Oct. 15, 2020 (GLOBE NEWSWIRE) -- An Administrative Law Judge with the California Public Utilities Commission (CPUC) issued a proposed decision yesterday in the 2018 General Rate Case and Infrastructure Improvement Plan for California Water Service (Cal Water), the largest subsidiary of California Water Service Group (NYSE: CWT). The proposed decision is subject to adoption by the CPUC and can be considered no earlier than the CPUC’s Nov. 19, 2020 meeting. If adopted as proposed, the decision would approve the settlement reached in October 2019 by Cal Water and the CPUC’s Public Advocates Office, allow Cal Water to continue its decoupling balancing accounts through 2022, and allow Cal Water to retain its pension and medical cost balancing accounts.  The proposed decision further resolves a small number of other issues which were not included in the settlement.Under this proposed decision, Cal Water would be authorized to invest $828 million in its districts throughout California through 2021. This includes $148 million of water system infrastructure upgrades that would be recovered via the CPUC’s advice letter procedure after those projects are completed. The proposed decision authorizes Cal Water to increase total revenue company-wide by approximately $6.6 million in 2020, $20.3 million in 2021, $20.9 million in 2022, and up to $17.3 million when the advice letter projects are completed. Rate changes would vary by service area. “We appreciate the administrative law judge’s thorough analysis and proposed decision, which would enable us to fulfill our responsibility of delivering safe, reliable, high-quality water utility services to our customers and firefighters,” said Martin A. Kropelnicki, President and CEO. “At the same time, we will continue working to keep costs as low as possible, in order to fulfill our commitment to provide quality, service, and value to our communities.”About California Water Service Group California Water Service Group is the parent company of California Water Service, Washington Water Service, New Mexico Water Service, Hawaii Water Service, CWS Utility Services, and HWS Utility Services. Together, these companies provide regulated and non-regulated water service to more than 2 million people in California, Washington, New Mexico, and Hawaii. California Water Service Group’s common stock trades on the New York Stock Exchange under the symbol “CWT.” Additional information is available online at www.calwatergroup.com.This news release contains forward-looking statements within the meaning established by the Private Securities Litigation Reform Act of 1995 ("Act"). The forward-looking statements are intended to qualify under provisions of the federal securities laws for "safe harbor" treatment established by the Act. Forward-looking statements are based on currently available information, expectations, estimates, assumptions and projections, and management's judgment about the Company, the water utility industry and general economic conditions. Such words as would, expects, intends, plans, believes, estimates, assumes, anticipates, projects, predicts, forecasts or variations of such words or similar expressions are intended to identify forward-looking statements. The forward-looking statements are not guarantees of future performance. They are subject to uncertainty and changes in circumstances. Actual results may vary materially from what is contained in a forward-looking statement. Factors that may cause a result different than expected or anticipated include, but are not limited to: the adoption of the proposed decision by the CPUC; natural disasters or calamities, public health crises, pandemics, epidemics or outbreaks of a contagious disease, such as the recent outbreak of Coronavirus (or COVID‐19), or any escalation or worsening of the foregoing; governmental and regulatory commissions' decisions, including decisions on proper disposition of property; consequences of eminent domain actions relating to our water systems; changes in regulatory commissions' policies and procedures; the timeliness of regulatory commissions' actions concerning rate relief and other actions; changes in water quality standards; changes in environmental compliance and water quality requirements; electric power interruptions; housing and customer growth trends; the impact of opposition to rate increases; our ability to recover costs; availability of water supplies; issues with the implementation, maintenance or security of our information technology systems; civil disturbances or terrorist threats or acts; the adequacy of our efforts to mitigate physical and cyber security risks and threats; the ability of our enterprise risk management processes to identify or address risks adequately; labor relations matters as we negotiate with unions; changes in customer water use patterns and the effects of conservation; the impact of weather and climate on water quality, water availability, water sales and operating results, and the adequacy of our emergency preparedness; and, other risks and unforeseen events. When considering forward-looking statements, you should keep in mind the cautionary statements included in this paragraph, as well as the annual 10-K, Quarterly 10-Q, and other reports filed from time-to-time with the Securities and Exchange Commission (SEC). The Company assumes no obligation to provide public updates of forward-looking statements.Media Contact Yvonne Kingman ykingman@calwater.com 310-257-1434

  • GlobeNewswire

    Cal Water Completes Largest Water Infrastructure Improvement Project to Date to Support Palos Verdes Peninsula Customers

    TORRANCE, Calif., Oct. 13, 2020 (GLOBE NEWSWIRE) -- After more than 15 years of planning, two years of construction, and months of testing, California Water Service (Cal Water) has completed the utility’s largest water infrastructure upgrade in company history. Known as the Palos Verdes Peninsula Water Reliability Project, the project enhances the reliability of the drinking water infrastructure on the Palos Verdes Peninsula and will help ensure that all Peninsula residents and firefighters continue to have safe, reliable water service for their everyday and emergency needs. Prior to the project’s completion, 90% of the Palos Verdes Peninsula was served by one 60-year-old drinking water pipeline and a single pump station. The project replaced a portion of the existing water pipeline and added a second pipeline to deliver drinking water to homes and businesses. In total, crews installed about seven miles of new pipeline. Additionally, the project added a second pump station on a separate electrical grid that will help guard against the risk of prolonged water service outages caused by disruptions such as natural disasters.“We greatly appreciate the patience and support of the residents, city officials, and community partners who made this project possible,” said Martin A. Kropelnicki, Cal Water President and CEO. “This important infrastructure improvement will help us continue to fulfill our promise to deliver quality, service, and value to our customers on the Palos Verdes Peninsula, both now and for many years to come.”During recent rotating power outages, the new water pipeline and pump station were critical to maintaining water service to residents and businesses and helped prevent major water service interruptions during some of the hottest days of the year.“As California grapples with climate change, earthquakes, and wildfires, this new water infrastructure is already delivering on its promise – to help ensure Peninsula residents and firefighters have the safe, high-quality water they need, when they need it,” Kropelnicki said. “Reliable water service has never been more essential, and we are pleased that this critical upgrade is helping ensure the Peninsula is better prepared for the future.”Cal Water serves approximately 313,400 people through 87,900 service connections in its Rancho Dominguez District and another 44,600 people through an operations and maintenance contract with the City of Hawthorne. Company-wide, Cal Water serves about 2 million people through 489,600 service connections in California. The utility has provided water service in the area since 1927. Additional information may be obtained online at www.calwater.com.Contact:DAN ARMENDARIZ, (310) 257-1400  YVONNE KINGMAN, (310) 257-1434