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CWT

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

46.67USD+1.48 (+3.28%)Market Closed

Market Summary

CWT
USD46.67+1.48
Market Closed
3.28%

CWT Alerts

  • Big jump in Earnings (Y/Y)

CWT Stock Price

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CWT RSI Chart

CWT Valuation

Market Cap

2.7B

Price/Earnings (Trailing)

51.97

Price/Sales (Trailing)

3.39

Price/Free Cashflow

12.36

CWT Price/Sales (Trailing)

CWT Profitability

Return on Equity

3.62%

Return on Assets

1.13%

Free Cashflow Yield

8.09%

CWT Fundamentals

CWT Revenue

Revenue (TTM)

794.6M

Rev. Growth (Yr)

6.76%

Rev. Growth (Qtr)

-15.87%

CWT Earnings

Earnings (TTM)

51.8M

Earnings Growth (Yr)

52.75%

Earnings Growth (Qtr)

-12.18%

Breaking Down CWT Revenue

Last 7 days

-0.2%

Last 30 days

-2.7%

Last 90 days

-11.6%

Trailing 12 Months

-15.3%

How does CWT drawdown profile look like?

CWT Financial Health

Current Ratio

0.69

Debt/Equity

0.74

Debt/Cashflow

0.21

CWT Investor Care

Dividend Yield

2.23%

Dividend/Share (TTM)

1.04

Shares Dilution (1Y)

3.73%

Diluted EPS (TTM)

0.91

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2023804.5M792.4M781.1M794.6M
2022816.2M809.2M818.8M846.4M
2021816.5M854.1M806.7M790.9M
2020714.0M710.5M782.0M794.3M
2019689.8M693.8M705.1M714.6M
2018679.4M683.2M692.8M698.2M
2017609.7M628.4M655.8M666.9M
2016588.1M596.1M596.9M609.4M
2015609.0M595.0M587.3M588.4M
2014583.2M587.0M593.8M597.5M
2013554.7M565.7M571.9M584.1M
2012520.4M532.6M541.5M560.0M
2011468.3M481.4M504.3M501.8M
2010453.0M454.7M461.9M460.4M
20090423.3M436.4M449.4M
2008000410.3M

Tracking the Latest Insider Buys and Sells of California Water Service Group

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Mar 07, 2024
bunting shawn c
sold (taxes)
-9,386
46.24
-203
sr vp, gc & business develop
Mar 07, 2024
luu michael b
sold (taxes)
-10,126
46.24
-219
vp, corp svcs. & risk officer
Mar 07, 2024
mares michael s jr
sold (taxes)
-8,184
46.24
-177
sr. vice president, operations
Mar 07, 2024
scanlon thomas a
sold (taxes)
-4,947
46.24
-107
corporate controller & officer
Mar 07, 2024
james sophie marwieh
sold (taxes)
-5,086
46.24
-110
vp water quality & environ aff
Mar 07, 2024
milleman greg a
sold (taxes)
-10,820
46.24
-234
vp, rates and regulatory aff
Mar 07, 2024
dean shannon c
sold (taxes)
-10,589
46.24
-229
sr vp,cust. svc & chief sust.
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
Mar 07, 2024
kropelnicki martin a
sold (taxes)
-63,117
46.24
-1,365
chairman, president & ceo

1–10 of 50

Which funds bought or sold CWT recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Mar 22, 2024
PNC FINANCIAL SERVICES GROUP, INC.
reduced
-7.96
6,506
723,015
-%
Mar 11, 2024
VANGUARD GROUP INC
reduced
-1.87
25,482,800
361,359,000
0.01%
Mar 01, 2024
GOLDMAN SACHS GROUP INC
added
62.47
7,244,650
16,516,600
-%
Feb 28, 2024
AMERICAN INTERNATIONAL GROUP, INC.
reduced
-0.83
131,015
1,631,830
0.01%
Feb 27, 2024
Beaird Harris Wealth Management, LLC
added
0.24
3,955
43,877
-%
Feb 26, 2024
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
80,000
915,000
0.01%
Feb 16, 2024
Clarity Asset Management, Inc.
new
-
40,107
40,107
0.03%
Feb 16, 2024
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main
unchanged
-
80,849
919,655
-%
Feb 16, 2024
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
added
6.35
3,684
28,684
-%
Feb 16, 2024
PRICE T ROWE ASSOCIATES INC /MD/
added
3.04
497,000
4,334,000
-%

1–10 of 47

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 FiledName of FilerPercent of ClassNo. of SharesForm 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
Mar 18, 2024
4/A
Insider Trading
Mar 18, 2024
4/A
Insider Trading
Mar 18, 2024
4/A
Insider Trading
Mar 18, 2024
4/A
Insider Trading
Mar 18, 2024
4/A
Insider Trading
Mar 18, 2024
4/A
Insider Trading
Mar 18, 2024
4/A
Insider Trading
Mar 18, 2024
4/A
Insider Trading
Mar 18, 2024
4/A
Insider Trading
Mar 18, 2024
4/A
Insider Trading

What is the Fair Value of CWT?

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Cheap
or
Expensive?


Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224


Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index
Very Expensive Stocks
Very Cheap Stocks

Peers (Alternatives to California Water Service Group)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
44.0B
19.0B
1.97% -8.54%
19.89
2.32
-3.35% -4.03%
23.7B
4.2B
-4.13% -12.35%
25.06
5.59
11.66% 15.12%
19.5B
7.5B
3.12% -15.69%
16.84
2.6
-5.74% 7.23%
17.8B
3.9B
2.30% 1.64%
19.28
4.52
-15.47% 16.09%
14.0B
8.3B
13.22% -9.46%
17.81
1.69
4.87% -10.78%
13.9B
28.8B
29.42% 102.12%
-68.6
0.48
-8.62% -116.54%
12.3B
12.7B
-3.16% -26.39%
63.48
0.97
0.40% 149.74%
2.4B
670.6M
-0.14% -16.44%
27.12
3.53
-1.48% -2.88%
MID-CAP
8.4B
4.7B
7.49% -4.09%
16.19
1.79
8.59% 3.59%
3.4B
1.9B
-0.12% -3.28%
13.7
1.8
19.68% 30.53%
2.7B
1.7B
0.30% -15.82%
15.84
1.56
2.36% 10.31%
SMALL-CAP
474.8M
155.4M
-5.11% 86.08%
22.25
3.06
88.76% 261.60%
173.4M
1.9M
-9.34% -40.39%
-5.5
90.36
79.73% -32.29%
34.9M
436.8M
1.39% -57.72%
2.33
0.08
-5.23% 97.61%
9.3M
867.4K
-30.30% -23.17%
-2.41
11.75
-88.45% 73.79%

California Water Service Group News

Latest updates
MarketBeat • 70 minutes ago
Yahoo Movies Canada • 23 Mar 2024 • 10:39 pm
Yahoo Finance • 05 Mar 2024 • 08:00 am

California Water Service Group Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue-15.9%215255194131201266206173173257213148189304175126177233179126167
  S&GA Expenses8.3%37.0034.0035.0036.0033.0033.0033.0033.0034.0031.0032.0030.0031.0029.0027.0030.0027.0027.0025.0029.0024.00
Interest Expenses-3.4%13.0013.0013.0013.0012.0012.0012.0011.0012.0012.0011.0010.0011.0011.0012.0011.0011.0010.0012.0011.0010.00
Net Income-12.2%30.0034.009.00-22.3320.0056.0019.001.004.0062.0038.00-3.0315.0096.005.00-20.3111.0042.0017.00-7.6415.00
Net Income Margin23.1%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*0.10*0.09*--
Free Cashflow-29.9%74.0010617.0021.0044.0011036.0054.0053.0011238.0030.0021.0077.0016.004.0040.0085.0023.00--
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets13.7%4,5964,0413,9903,8874,2653,8063,6833,6393,6233,6803,5493,4713,3943,5063,3603,2413,1113,0232,9652,9012,838
  Current Assets-2.0%296302312269296339277272300393306302266306267270185212206193189
    Cash Equivalents14.0%40.0035.0056.0052.0062.0011364.0072.0081.0014167.0085.0045.0011411514143.0052.0055.0061.0048.00
  Goodwill0.6%37.0037.0037.0037.0037.0037.0037.0037.0037.0037.0037.0031.0032.001.0031.003.003.003.003.003.003.00
  Current Liabilities12.9%430381363350295323286282272361362655589604578513359334331384321
  Short Term Borrowings56.5%18011513013070.0070.0070.0050.0035.0012014543537037537533517515516512565.00
  Long Term Debt0.1%1,0531,0521,0521,0521,0521,0541,0541,0561,0561,0601,060781781785785786787807808711710
    LT Debt, Current-63.1%1.002.002.003.003.006.006.005.005.005.005.005.005.0022.0022.0022.0022.005.005.00105105
    LT Debt, Non Current0.1%1,0531,0521,0521,0521,0521,0541,0541,0561,0561,0601,060781781785785786787807808711710
Shareholder's Equity1.1%1,4301,4151,3941,3031,3221,2671,1961,1591,1721,1211,002930910890782755769758723714730
  Retained Earnings2.8%550534515520557551509503515535484458461467381387406415382375392
  Additional Paid-In Capital0.1%877876874778760711682650651581512472449422400368362342340339338
Shares Outstanding0.0%58.0058.0058.0056.0056.0054.0054.0054.0052.0051.0051.0050.0049.0050.0049.0049.0048.0048.00-49.00-
Minority Interest-17.3%4.004.004.005.005.005.005.005.005.005.005.00----------
Float---1,814---2,122---2,364---2,356---2,437--
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations-29.9%74.0010617.0021.0044.0011036.0054.0053.0011238.0030.0021.0077.0016.004.0040.0085.0023.0020.0060.00
Cashflow From Investing-7.3%-109-102-95.21-82.08-107-77.50-82.23-68.68-85.34-71.56-75.26-68.72-82.93-91.95-105-65.27-78.80-75.22-62.05-59.88-58.79
Cashflow From Financing311.8%51.00-24.2782.0063.0035.0017.0039.006.00-27.9634.0020.0079.00-7.1514.0064.0015930.00-12.9933.0053.00-20.05
  Dividend Payments0.0%15.0015.0015.0014.0014.0014.0013.0013.0012.0012.0012.0012.0011.0011.0010.0010.0010.0010.0010.009.009.00
  Buy Backs15.6%0.000.000.002.000.000.000.002.000.000.000.001.000.000.000.001.000.000.000.002.000.00

CWT Income Statement

2023-12-31
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]   
Operating revenue$ 794,632$ 846,431$ 790,909
Operations:   
Purchased water223,833224,529225,020
Purchased power45,65644,56637,112
Pump taxes19,02316,16915,342
Administrative and general142,235132,718126,686
Other operations112,481116,17286,392
Maintenance31,97531,71529,592
Depreciation and amortization121,212114,575108,715
Income tax (benefit) expense(15,189)3,2622,805
Property and other taxes36,27135,06532,475
Total operating expenses717,497718,771664,139
Net operating income77,135127,660126,770
Other income and expenses:   
Non-regulated revenue18,50921,27622,761
Non-regulated expenses(11,807)(24,821)(17,234)
Other components of net periodic benefit credit20,21514,4769,903
Allowance for equity funds used during construction5,5514,1273,186
Gain on sale of non-utility property0094
Income tax expense on other income and expenses(8,408)(3,113)(1,287)
Net other income24,06011,94517,423
Interest expense:   
Interest expense52,80946,68644,980
Allowance for borrowed funds used during construction(2,990)(2,344)(1,766)
Net interest expense49,81944,34243,214
Net income51,37695,263100,979
Net loss attributable to noncontrolling interests(535)(748)(146)
Net income$ 51,911$ 96,011$ 101,125
Earnings per share:   
Basic (in dollars per share)$ 0.91$ 1.77$ 1.96
Diluted (in dollars per share)$ 0.91$ 1.77$ 1.96
Weighted average number of common shares outstanding:   
Basic (in shares)56,95254,32051,633
Diluted (in shares)56,98354,36351,633

CWT Balance Sheet

2023-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Utility plant:  
Land$ 47,002$ 45,861
Depreciable plant and equipment4,557,9644,215,619
Construction work in progress287,596247,013
Intangible assets32,92127,779
Total utility plant4,925,4834,536,272
Less accumulated depreciation and amortization(1,152,228)(1,063,341)
Net utility plant3,773,2553,472,931
Current assets:  
Cash and cash equivalents39,59162,100
Restricted cash45,37522,925
Receivables:  
Customers, net59,34955,079
Regulatory balancing accounts64,24066,826
Other, net16,43120,932
Unbilled revenue, net36,99933,140
Materials and supplies at weighted average cost16,17012,564
Taxes, prepaid expenses, and other assets18,13021,969
Total current assets296,285295,535
Other assets:  
Regulatory assets257,621283,620
Goodwill37,03936,814
Other231,333175,913
Total other assets525,993496,347
TOTAL ASSETS4,595,5334,264,813
Capitalization:  
Common stock, $0.01 par value; 136,000 shares authorized, 57,724 and 55,598 outstanding in 2023 and 2022, respectively577556
Additional paid-in capital876,583760,336
Retained earnings549,573556,698
Noncontrolling interests3,5794,804
Total equity1,430,3121,322,394
Long-term debt, net1,052,7681,052,487
Total capitalization2,483,0802,374,881
Current liabilities:  
Current maturities of long-term debt, net6723,310
Short-term borrowings180,00070,000
Accounts payable157,305140,986
Regulatory balancing accounts21,54012,240
Accrued other taxes4,5918,607
Accrued interest6,6256,490
Other accrued liabilities59,60653,017
Total current liabilities430,339294,650
Deferred income taxes352,762330,251
Regulatory Liabilities683,717627,740
Pension82,92078,443
Advances for construction199,448199,832
Contributions in aid of construction286,491285,401
Other long-term liabilities76,77673,615
Commitments and contingencies (Note 14)
TOTAL CAPITALIZATION AND LIABILITIES$ 4,595,533$ 4,264,813
CWT
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
 WEBSITEwww.calwatergroup.com
 EMPLOYEES1225

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 Tue Mar 26 2024, market cap of California Water Service Group is 2.61 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 Tue Mar 26 2024, CWT's PE ratio (Price to Earnings) is 50.32 and Price to Sales (PS) ratio is 3.28. 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 0.086 (multiply by 100 for percentage) rate of return.