CWT - California Water Service Group Stock Price, Fair Value and News

53.29USD+0.04 (+0.08%)Delayed

Market Summary

USD53.29+0.04

Delayed

0.08%

CWT Alerts

1 major insider sales recently.

Big jump in Revenue (Y/Y)
Big jump in Earnings (Y/Y)

CWT Stock Price

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CWT RSI Chart

CWT Valuation

Market Cap

3.1B

Price/Earnings (Trailing)

21.38

Price/Sales (Trailing)

3.29

Price/Free Cashflow

13.78

CWT Price/Sales (Trailing)

CWT Profitability

Return on Equity

9.79%

Return on Assets

3.01%

Free Cashflow Yield

7.26%

CWT Fundamentals

CWT Revenue

Revenue (TTM)

934.3M

Rev. Growth (Yr)

106.52%

Rev. Growth (Qtr)

26.22%

CWT Earnings

Earnings (TTM)

144.0M

Earnings Growth (Yr)

414.79%

Earnings Growth (Qtr)

131.65%

Breaking Down CWT Revenue

Last 7 days

0.3%

Last 30 days

20.7%

Last 90 days

12.1%

Trailing 12 Months

-3.9%

How does CWT drawdown profile look like?

CWT Financial Health

Current Ratio

0.56

Debt/Equity

0.72

Debt/Cashflow

0.21

CWT Investor Care

Dividend Yield

1.95%

Dividend/Share (TTM)

1.04

Shares Dilution (1Y)

3.75%

Diluted EPS (TTM)

2.52

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	934.3M	0	0	0
2023	804.5M	792.4M	781.1M	794.6M
2022	816.2M	809.2M	818.8M	846.4M
2021	816.5M	854.1M	806.7M	790.9M
2020	714.0M	710.5M	782.0M	794.3M
2019	689.8M	693.8M	705.1M	714.6M
2018	679.4M	683.2M	692.8M	698.2M
2017	609.7M	628.4M	655.8M	666.9M
2016	588.1M	596.1M	596.9M	609.4M
2015	609.0M	595.0M	587.3M	588.4M
2014	583.2M	587.0M	593.8M	597.5M
2013	554.7M	565.7M	571.9M	584.1M
2012	520.4M	532.6M	541.5M	560.0M
2011	468.3M	481.4M	504.3M	501.8M
2010	453.0M	454.7M	461.9M	460.4M
2009	0	423.3M	436.4M	449.4M
2008	0	0	0	410.3M

Get all data in R, Python etc through our Historical Stock Data APIs

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Russell 2000 Index: $10,334
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Tracking the Latest Insider Buys and Sells of California Water Service Group

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 01, 2024	krummel thomas m	sold	-111,000	50.00	-2,220	-
Mar 07, 2024	webb ronald d	sold (taxes)	-9,386	46.24	-203	vp, human resources
Mar 07, 2024	kropelnicki martin a	sold (taxes)	-63,117	46.24	-1,365	chairman, president & ceo
Mar 07, 2024	luu michael b	sold (taxes)	-10,126	46.24	-219	vp, corp svcs. & risk officer
Mar 07, 2024	scanlon thomas a	sold (taxes)	-4,947	46.24	-107	corporate controller & officer
Mar 07, 2024	mares michael s jr	sold (taxes)	-8,184	46.24	-177	sr. vice president, operations
Mar 07, 2024	milleman greg a	sold (taxes)	-10,820	46.24	-234	vp, rates and regulatory aff
Mar 07, 2024	mortensen michelle r	sold (taxes)	-10,773	46.24	-233	corporate secretary
Mar 07, 2024	ouyang elissa y	sold (taxes)	-10,866	46.24	-235	chief procurement & lead ci

Which funds bought or sold CWT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	COMERICA BANK	reduced	-19.52	-454,261	1,174,950	-%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-85.94	-3,963,100	571,378	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-5.2	-475,352	2,683,010	-%
May 16, 2024	Tidal Investments LLC	new	-	535,217	535,217	0.01%
May 15, 2024	AMUNDI	added	20.66	7,300,380	91,763,000	0.04%
May 15, 2024	Voya Investment Management LLC	reduced	-16.96	-302,179	878,797	-%
May 15, 2024	CITADEL ADVISORS LLC	new	-	2,847,270	2,847,270	-%
May 15, 2024	Engineers Gate Manager LP	sold off	-100	-941,492	-	-%
May 15, 2024	Holocene Advisors, LP	new	-	917,841	917,841	-%
May 15, 2024	Psagot Value Holdings Ltd. / (Israel)	sold off	-100	-	-	-%

Are Funds Buying or Selling CWT?

Are funds buying CWT calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CWT

No. of Funds

Unveiling California Water Service Group's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	t. rowe price investment management, inc.	5.0%	2,908,537	SC 13G
Feb 13, 2024	vanguard group inc	12.07%	6,966,637	SC 13G/A
Jan 29, 2024	state street corp	5.95%	3,434,902	SC 13G/A
Jan 19, 2024	blackrock inc.	18.5%	10,687,783	SC 13G/A
Feb 09, 2023	vanguard group inc	12.33%	6,761,651	SC 13G/A
Feb 08, 2023	state street corp	9.73%	5,337,022	SC 13G/A
Jan 26, 2023	blackrock inc.	19.0%	10,409,635	SC 13G/A
Jan 20, 2023	blackrock inc.	19.0%	10,409,635	SC 13G
Feb 10, 2022	state street corp	7.59%	3,995,363	SC 13G/A
Feb 09, 2022	vanguard group inc	11.87%	6,242,029	SC 13G/A

Recent SEC filings of California Water Service Group

View All Filings

Date Filed	Form Type	Document
May 15, 2024	4	Insider Trading
May 01, 2024	144	Notice of Insider Sale Intent
May 01, 2024	4	Insider Trading
May 01, 2024	DEFA14A	DEFA14A
Apr 25, 2024	10-Q	Quarterly Report
Apr 25, 2024	8-K	Current Report
Apr 24, 2024	8-K	Current Report
Apr 17, 2024	ARS	ARS
Apr 17, 2024	DEF 14A	DEF 14A
Apr 09, 2024	8-K	Current Report

Peers (Alternatives to California Water Service Group)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CPK	2.5T	698.2M	12.47%	-9.52%	26.0K	3.6K	3.29%	8.78%
AEP	48.9B	19.3B	14.08%	6.97%	17.34	2.53	-2.13%	41.75%
AWK	26.1B	4.3B	15.91%	-5.62%	27.17	6.05	10.78%	15.26%
AEE	19.9B	7.3B	3.93%	-10.32%	17.28	2.75	-10.88%	5.77%
ATO	17.9B	4.1B	3.59%	2.86%	17.91	4.41	-11.13%	20.48%
NRG	17.2B	28.5B	12.08%	145.94%	10.44	0.6	-9.05%	188.86%
AES	15.1B	12.5B	31.78%	2.75%	-2.3K	1.21	-3.77%	98.49%
AGR	13.9B	8.3B	-0.61%	-7.27%	15.54	1.68	0.05%	30.98%
MID-CAP
PNW	8.9B	4.7B	9.02%	0.32%	16.53	1.89	4.84%	12.15%
ALE	3.6B	1.7B	8.54%	2.16%	15.12	2.11	-1.93%	32.23%
AVA	3.0B	1.9B	13.79%	-9.74%	15.98	1.6	9.47%	35.66%
SMALL-CAP
CWCO	449.2M	187.0M	18.84%	49.37%	13.94	2.4	74.12%	297.37%
CDZI	211.5M	3.0M	45.12%	-34.59%	-7.66	71.39	94.10%	6.65%
VIA	35.4M	415.8M	1.48%	-12.04%	1.49	0.09	-11.16%	525.10%
CREG	8.7M	867.4K	-11.11%	-35.00%	-9.31	9.96	-88.45%	77.17%

California Water Service Group News

Latest updates

California Water Service Group Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	26.2%	271	215	255	194	131	201	266	206	173	173	257	213	148	189	304	175	126	177	233	179	126
S&GA Expenses	-3.9%	36.00	37.00	34.00	35.00	36.00	33.00	33.00	33.00	33.00	34.00	31.00	32.00	30.00	31.00	29.00	27.00	30.00	27.00	27.00	25.00	29.00
Interest Expenses	21.4%	16.00	13.00	13.00	13.00	13.00	12.00	12.00	12.00	11.00	12.00	12.00	11.00	10.00	11.00	11.00	12.00	11.00	11.00	10.00	12.00	11.00
Income Taxes	-	17.00	-	-	-	-3.90	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	131.6%	70.00	30.00	34.00	9.00	-22.21	20.00	56.00	19.00	1.00	4.00	62.00	38.00	-3.03	15.00	96.00	5.00	-20.31	11.00	42.00	17.00	-7.64
Net Income Margin	136.2%	0.15*	0.07*	0.05*	0.08*	0.09*	0.11*	0.10*	0.11*	0.13*	0.13*	0.14*	0.17*	0.14*	0.12*	0.12*	0.05*	0.07*	0.09*	-	-	-
Free Cashflow	-64.3%	27.00	74.00	106	17.00	21.00	44.00	110	36.00	54.00	53.00	112	38.00	30.00	21.00	77.00	16.00	4.00	40.00	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	4.0%	4,781	4,596	4,041	3,990	3,887	4,265	3,806	3,683	3,639	3,623	3,680	3,549	3,471	3,394	3,506	3,360	3,241	3,111	3,023	2,965	2,901
Current Assets	-4.4%	283	296	302	312	269	296	339	277	272	300	393	306	302	266	306	267	270	185	212	206	193
Cash Equivalents	8.1%	43.00	40.00	35.00	56.00	86.00	85.00	113	64.00	72.00	81.00	141	67.00	85.00	45.00	114	115	141	43.00	52.00	55.00	61.00
Goodwill	0%	37.00	37.00	37.00	37.00	37.00	37.00	37.00	37.00	37.00	37.00	37.00	37.00	31.00	32.00	1.00	31.00	3.00	3.00	3.00	3.00	3.00
Current Liabilities	18.0%	508	430	381	363	350	295	323	286	282	272	361	362	655	589	604	578	513	359	334	331	384
Short Term Borrowings	55.6%	280	180	115	130	130	70.00	70.00	70.00	50.00	35.00	120	145	435	370	375	375	335	175	155	165	125
Long Term Debt	-0.1%	1,052	1,053	1,052	1,052	1,052	1,052	1,054	1,054	1,056	1,056	1,060	1,060	781	781	785	785	786	787	807	808	711
LT Debt, Current	75.0%	1.00	1.00	2.00	2.00	3.00	3.00	6.00	6.00	5.00	5.00	5.00	5.00	5.00	5.00	22.00	22.00	22.00	22.00	5.00	5.00	105
LT Debt, Non Current	-0.1%	1,052	1,053	1,052	1,052	1,052	1,052	1,054	1,054	1,056	1,056	1,060	1,060	781	781	785	785	786	787	807	808	711
Shareholder's Equity	2.8%	1,471	1,430	1,415	1,394	1,303	1,322	1,267	1,196	1,159	1,172	1,121	1,002	930	910	890	782	755	769	758	723	714
Retained Earnings	9.8%	603	550	534	515	520	557	551	509	503	515	535	484	458	461	467	381	387	406	415	382	375
Additional Paid-In Capital	0.0%	877	877	876	874	778	760	711	682	650	651	581	512	472	449	422	400	368	362	342	340	339
Shares Outstanding	0.1%	58.00	58.00	58.00	58.00	56.00	56.00	54.00	54.00	54.00	52.00	52.00	51.00	50.00	49.00	50.00	49.00	49.00	48.00	-	-	-
Minority Interest	-4.9%	3.00	4.00	4.00	4.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	1,814	-	-	-	2,122	-	-	-	2,364	-	-	-	2,356	-	-	-	2,437	-

Cashflow (Last 12 Months)

(In Millions)

Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-64.3%	27.00	74.00	106	17.00	21.00	44.00	110	36.00	54.00	53.00	112	38.00	30.00	21.00	77.00	16.00	4.00	40.00	85.00	23.00	20.00
Cashflow From Investing	0.0%	-109	-109	-102	-95.21	-82.08	-107	-77.50	-82.23	-68.68	-85.34	-71.56	-75.26	-68.72	-82.93	-91.95	-105	-65.27	-78.80	-75.22	-62.05	-59.88
Cashflow From Financing	68.5%	87.00	51.00	-24.27	82.00	63.00	35.00	17.00	39.00	6.00	-27.96	34.00	20.00	79.00	-7.15	14.00	64.00	159	30.00	-12.99	33.00	53.00
Dividend Payments	7.7%	16.00	15.00	15.00	15.00	14.00	14.00	14.00	13.00	13.00	12.00	12.00	12.00	12.00	11.00	11.00	10.00	10.00	10.00	10.00	10.00	9.00
Buy Backs	998.1%	1.00	0.00	0.00	0.00	2.00	0.00	0.00	0.00	2.00	0.00	0.00	0.00	1.00	0.00	0.00	0.00	1.00	0.00	0.00	0.00	2.00

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CWT Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Operating revenue	$ 270,749	$ 131,100
Operations:
Water production costs	64,185	55,008
Administrative and general	35,596	35,986
Other operations	26,925	16,604
Maintenance	8,010	7,978
Depreciation and amortization	32,844	29,915
Income tax expense (benefit)	15,538	(5,644)
Property and other taxes	9,757	8,777
Total operating expenses	192,855	148,624
Net operating income (loss)	77,894	(17,524)
Other income and expenses:
Non-regulated revenue	5,098	4,623
Non-regulated expenses	(1,954)	(2,275)
Other components of net periodic benefit credit	3,273	5,221
Allowance for equity funds used during construction	1,742	1,404
Income tax expense on other income and expenses	(1,321)	(1,794)
Net other income	6,838	7,179
Interest expense:
Interest expense	15,800	12,818
Allowance for borrowed funds used during construction	(758)	(829)
Net interest expense	15,042	11,989
Net income (loss)	69,690	(22,334)
Net loss attributable to noncontrolling interests	(227)	(123)
Net income (loss) attributable to California Water Service Group	$ 69,917	$ (22,211)
Earnings (loss) per share:
Basic (in dollars per share)	$ 1.21	$ (0.40)
Diluted (in dollars per share)	$ 1.21	$ (0.40)
Weighted average shares outstanding:
Basic (in shares)	57,733	55,666
Diluted (in shares)	57,774	55,666

CWT Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Utility plant:
Utility plant	$ 5,022,535	$ 4,925,483
Less accumulated depreciation and amortization	(1,174,013)	(1,152,228)
Net utility plant	3,848,522	3,773,255
Current assets:
Cash and cash equivalents	42,814	39,591
Restricted cash	45,449	45,375
Receivables:
Customers, net	51,346	59,349
Regulatory balancing accounts	56,125	64,240
Other, net	18,074	16,431
Unbilled revenue, net	28,769	36,999
Materials and supplies	16,934	16,170
Taxes, prepaid expenses, and other assets	23,615	18,130
Total current assets	283,126	296,285
Other assets:
Regulatory assets	384,501	257,621
Goodwill	37,039	37,039
Other	227,646	231,333
Total other assets	649,186	525,993
TOTAL ASSETS	4,780,834	4,595,533
Capitalization:
Common stock, $0.01 par value; 136,000 shares authorized, 57,754 and 57,724 outstanding on March 31, 2024 and December 31, 2023, respectively	578	577
Additional paid-in capital	876,894	876,583
Retained earnings	603,326	549,573
Accumulated other comprehensive loss	(13,366)	0
Noncontrolling interests	3,405	3,579
Total equity	1,470,837	1,430,312
Long-term debt, net	1,052,099	1,052,768
Total capitalization	2,522,936	2,483,080
Current liabilities:
Current maturities of long-term debt, net	1,176	672
Short-term borrowings	280,000	180,000
Accounts payable	119,839	157,305
Regulatory balancing accounts	16,644	21,540
Accrued interest	18,332	6,625
Accrued expenses and other liabilities	71,892	64,197
Total current liabilities	507,883	430,339
Deferred income taxes	369,600	352,762
Regulatory liabilities and other	809,165	760,493
Pension	83,252	82,920
Advances for construction	197,955	199,448
Contributions in aid of construction	290,043	286,491
Commitments and contingencies (Note 9)
TOTAL CAPITALIZATION AND LIABILITIES	$ 4,780,834	$ 4,595,533

About California Water Service Group

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. It offers its services to approximately 496,400 customer connections in 100 California communities; approximately 6,200 water and wastewater customer connections on the islands of Maui, Oahu, and Hawaii; approximately 37,500 customer connections in the Tacoma, Olympia, Graham, Spanaway, Puyallup, Rainier, Yelm, and Gig Harbor areas; and approximately 10,700 water and wastewater customer connections in the Belen, Los Lunas, Indian Hills, and Elephant Butte areas in New Mexico. The company also engages in the provision of non-regulated water-related services, including operating of municipally owned water systems, privately owned water, and recycled water distribution systems; water system operation, meter reading, and billing services to private companies and municipalities; leasing of communication antenna sites on its properties to telecommunication companies; and billing of optional third-party insurance programs to its residential customers. In addition, it provides lab, wastewater collection, and treatment services. California Water Service Group was founded in 1926 and is headquartered in San Jose, California.

CEO	Mr. Martin A. Kropelnicki
WEBSITE	calwatergroup.com
INDUSTRY	Utilities Regulated Electric
EMPLOYEES	1225

California Water Service Group Frequently Asked Questions

What is the ticker symbol for California Water Service Group? What does CWT stand for in stocks?

CWT is the stock ticker symbol of California Water Service Group. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of California Water Service Group (CWT)?

As of Fri May 17 2024, market cap of California Water Service Group is 3.08 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CWT stock?

You can check CWT's fair value in chart for subscribers.

What is the fair value of CWT stock?

You can check CWT's fair value in chart for subscribers. The fair value of California Water Service Group is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of California Water Service Group is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CWT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is California Water Service Group a good stock to buy?

The fair value guage provides a quick view whether CWT is over valued or under valued. Whether California Water Service Group is cheap or expensive depends on the assumptions which impact California Water Service Group's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CWT.

What is California Water Service Group's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, CWT's PE ratio (Price to Earnings) is 21.38 and Price to Sales (PS) ratio is 3.29. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CWT PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on California Water Service Group's stock?

In the past 10 years, California Water Service Group has provided 0.118 (multiply by 100 for percentage) rate of return.