Last 7 days
-0.2%
Last 30 days
-2.7%
Last 90 days
-11.6%
Trailing 12 Months
-15.3%
Historical Charts for Stock Metrics
Year | Q1 | Q2 | Q3 | Q4 |
---|---|---|---|---|
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 |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
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 |
Which funds bought or sold CWT recently?
View All DetailsDatesorted ascending | Fund Name | Type | % 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 | -% |
Unveiling California Water Service Group's Major ShareHolders
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Date Filed | Form Type | Document | |
---|---|---|---|
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>
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.
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 | ||||||||
AEP | 44.0B | 19.0B | 19.89 | 2.32 | ||||
AWK | 23.7B | 4.2B | 25.06 | 5.59 | ||||
AEE | 19.5B | 7.5B | 16.84 | 2.6 | ||||
ATO | 17.8B | 3.9B | 19.28 | 4.52 | ||||
AGR | 14.0B | 8.3B | 17.81 | 1.69 | ||||
NRG | 13.9B | 28.8B | -68.6 | 0.48 | ||||
AES | 12.3B | 12.7B | 63.48 | 0.97 | ||||
CPK | 2.4B | 670.6M | 27.12 | 3.53 | ||||
MID-CAP | ||||||||
PNW | 8.4B | 4.7B | 16.19 | 1.79 | ||||
ALE | 3.4B | 1.9B | 13.7 | 1.8 | ||||
AVA | 2.7B | 1.7B | 15.84 | 1.56 | ||||
SMALL-CAP | ||||||||
CWCO | 474.8M | 155.4M | 22.25 | 3.06 | ||||
CDZI | 173.4M | 1.9M | -5.5 | 90.36 | ||||
VIA | 34.9M | 436.8M | 2.33 | 0.08 | ||||
CREG | 9.3M | 867.4K | -2.41 | 11.75 |
California Water Service Group News
Income Statement (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Revenue | -15.9% | 215 | 255 | 194 | 131 | 201 | 266 | 206 | 173 | 173 | 257 | 213 | 148 | 189 | 304 | 175 | 126 | 177 | 233 | 179 | 126 | 167 |
S&GA Expenses | 8.3% | 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 | 24.00 |
Interest Expenses | -3.4% | 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 | 10.00 |
Net Income | -12.2% | 30.00 | 34.00 | 9.00 | -22.33 | 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 | 15.00 |
Net Income Margin | 23.1% | 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% | 74.00 | 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 | - | - |
Balance Sheet | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Assets | 13.7% | 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 | 2,838 |
Current Assets | -2.0% | 296 | 302 | 312 | 269 | 296 | 339 | 277 | 272 | 300 | 393 | 306 | 302 | 266 | 306 | 267 | 270 | 185 | 212 | 206 | 193 | 189 |
Cash Equivalents | 14.0% | 40.00 | 35.00 | 56.00 | 52.00 | 62.00 | 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 | 48.00 |
Goodwill | 0.6% | 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 | 3.00 |
Current Liabilities | 12.9% | 430 | 381 | 363 | 350 | 295 | 323 | 286 | 282 | 272 | 361 | 362 | 655 | 589 | 604 | 578 | 513 | 359 | 334 | 331 | 384 | 321 |
Short Term Borrowings | 56.5% | 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 | 65.00 |
Long Term Debt | 0.1% | 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 | 710 |
LT Debt, Current | -63.1% | 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 | 105 |
LT Debt, Non Current | 0.1% | 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 | 710 |
Shareholder's Equity | 1.1% | 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 | 730 |
Retained Earnings | 2.8% | 550 | 534 | 515 | 520 | 557 | 551 | 509 | 503 | 515 | 535 | 484 | 458 | 461 | 467 | 381 | 387 | 406 | 415 | 382 | 375 | 392 |
Additional Paid-In Capital | 0.1% | 877 | 876 | 874 | 778 | 760 | 711 | 682 | 650 | 651 | 581 | 512 | 472 | 449 | 422 | 400 | 368 | 362 | 342 | 340 | 339 | 338 |
Shares Outstanding | 0.0% | 58.00 | 58.00 | 58.00 | 56.00 | 56.00 | 54.00 | 54.00 | 54.00 | 52.00 | 51.00 | 51.00 | 50.00 | 49.00 | 50.00 | 49.00 | 49.00 | 48.00 | 48.00 | - | 49.00 | - |
Minority Interest | -17.3% | 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 (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Cashflow From Operations | -29.9% | 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 | 60.00 |
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 Financing | 311.8% | 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 | -20.05 |
Dividend Payments | 0.0% | 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 | 9.00 |
Buy Backs | 15.6% | 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 | 0.00 |
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 water | 223,833 | 224,529 | 225,020 |
Purchased power | 45,656 | 44,566 | 37,112 |
Pump taxes | 19,023 | 16,169 | 15,342 |
Administrative and general | 142,235 | 132,718 | 126,686 |
Other operations | 112,481 | 116,172 | 86,392 |
Maintenance | 31,975 | 31,715 | 29,592 |
Depreciation and amortization | 121,212 | 114,575 | 108,715 |
Income tax (benefit) expense | (15,189) | 3,262 | 2,805 |
Property and other taxes | 36,271 | 35,065 | 32,475 |
Total operating expenses | 717,497 | 718,771 | 664,139 |
Net operating income | 77,135 | 127,660 | 126,770 |
Other income and expenses: | |||
Non-regulated revenue | 18,509 | 21,276 | 22,761 |
Non-regulated expenses | (11,807) | (24,821) | (17,234) |
Other components of net periodic benefit credit | 20,215 | 14,476 | 9,903 |
Allowance for equity funds used during construction | 5,551 | 4,127 | 3,186 |
Gain on sale of non-utility property | 0 | 0 | 94 |
Income tax expense on other income and expenses | (8,408) | (3,113) | (1,287) |
Net other income | 24,060 | 11,945 | 17,423 |
Interest expense: | |||
Interest expense | 52,809 | 46,686 | 44,980 |
Allowance for borrowed funds used during construction | (2,990) | (2,344) | (1,766) |
Net interest expense | 49,819 | 44,342 | 43,214 |
Net income | 51,376 | 95,263 | 100,979 |
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) | 56,952 | 54,320 | 51,633 |
Diluted (in shares) | 56,983 | 54,363 | 51,633 |
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
---|---|---|
Utility plant: | ||
Land | $ 47,002 | $ 45,861 |
Depreciable plant and equipment | 4,557,964 | 4,215,619 |
Construction work in progress | 287,596 | 247,013 |
Intangible assets | 32,921 | 27,779 |
Total utility plant | 4,925,483 | 4,536,272 |
Less accumulated depreciation and amortization | (1,152,228) | (1,063,341) |
Net utility plant | 3,773,255 | 3,472,931 |
Current assets: | ||
Cash and cash equivalents | 39,591 | 62,100 |
Restricted cash | 45,375 | 22,925 |
Receivables: | ||
Customers, net | 59,349 | 55,079 |
Regulatory balancing accounts | 64,240 | 66,826 |
Other, net | 16,431 | 20,932 |
Unbilled revenue, net | 36,999 | 33,140 |
Materials and supplies at weighted average cost | 16,170 | 12,564 |
Taxes, prepaid expenses, and other assets | 18,130 | 21,969 |
Total current assets | 296,285 | 295,535 |
Other assets: | ||
Regulatory assets | 257,621 | 283,620 |
Goodwill | 37,039 | 36,814 |
Other | 231,333 | 175,913 |
Total other assets | 525,993 | 496,347 |
TOTAL ASSETS | 4,595,533 | 4,264,813 |
Capitalization: | ||
Common stock, $0.01 par value; 136,000 shares authorized, 57,724 and 55,598 outstanding in 2023 and 2022, respectively | 577 | 556 |
Additional paid-in capital | 876,583 | 760,336 |
Retained earnings | 549,573 | 556,698 |
Noncontrolling interests | 3,579 | 4,804 |
Total equity | 1,430,312 | 1,322,394 |
Long-term debt, net | 1,052,768 | 1,052,487 |
Total capitalization | 2,483,080 | 2,374,881 |
Current liabilities: | ||
Current maturities of long-term debt, net | 672 | 3,310 |
Short-term borrowings | 180,000 | 70,000 |
Accounts payable | 157,305 | 140,986 |
Regulatory balancing accounts | 21,540 | 12,240 |
Accrued other taxes | 4,591 | 8,607 |
Accrued interest | 6,625 | 6,490 |
Other accrued liabilities | 59,606 | 53,017 |
Total current liabilities | 430,339 | 294,650 |
Deferred income taxes | 352,762 | 330,251 |
Regulatory Liabilities | 683,717 | 627,740 |
Pension | 82,920 | 78,443 |
Advances for construction | 199,448 | 199,832 |
Contributions in aid of construction | 286,491 | 285,401 |
Other long-term liabilities | 76,776 | 73,615 |
Commitments and contingencies (Note 14) | ||
TOTAL CAPITALIZATION AND LIABILITIES | $ 4,595,533 | $ 4,264,813 |