Market Summary
USD57.13+1.39
Market Closed2.49%
CWT Stock Price
CWT RSI Chart
CWT Valuation
CWT Price/Sales (Trailing)
CWT Profitability
CWT Fundamentals
CWT Revenue
CWT Earnings
Price Action
52 Week Range
48.0666.12
(Low)(High)
Last 7 days
4.6%
Last 30 days
0.2%
Last 90 days
-2.6%
Trailing 12 Months
8.1%
CWT Financial Health
CWT Investor Care
Peers (Alternatives to California Water Service Group)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
NEE | 149.5B | 24.8B | -0.20% | 0.05% | 22.37 | 6.03 | 52.66% | 359.07% |
SO | 75.8B | 29.1B | -4.30% | -5.93% | 23.72 | 2.6 | 22.05% | 47.58% |
DUK | 68.4B | 29.0B | -9.81% | -19.31% | 28.04 | 2.36 | 13.41% | -29.47% |
AWK | 26.7B | 3.9B | -3.75% | -2.74% | 32.07 | 6.86 | 0.10% | -35.40% |
WTRG | 11.4B | 2.3B | -5.58% | -10.36% | 24.56 | 4.99 | 16.12% | 2.23% |
NI | 11.1B | 5.9B | -4.24% | -13.38% | 15.61 | 1.87 | 13.70% | -0.82% |
| MID-CAP | ||||||||
PNW | 9.0B | 4.5B | -1.70% | 0.48% | 17.93 | 2.08 | 15.29% | -21.25% |
NRG | 7.8B | 31.4B | 2.76% | -26.08% | 6.39 | 0.25 | 17.07% | -44.17% |
AWR | 3.3B | 544.4M | 0.18% | 15.52% | 33.73 | 6.11 | 11.02% | 10.53% |
CWT | 3.2B | 804.5M | 0.23% | 8.10% | 44.15 | 3.98 | -1.42% | -31.07% |
SJW | 2.4B | 633.7M | -1.31% | 26.23% | 32.2 | 3.83 | 8.66% | 32.50% |
| SMALL-CAP | ||||||||
MSEX | 1.4B | 164.4M | 5.34% | -5.47% | 32.76 | 8.56 | 11.99% | -13.27% |
CDZI | 344.0M | 1.5M | 25.49% | 138.25% | -11.63 | 231.2 | 162.43% | 5.10% |
GWRS | 284.2M | 47.8M | 6.26% | -19.14% | 51.61 | 6.35 | 12.05% | 50.22% |
PCYO | 229.5M | 8.7M | - | -11.99% | 33.95 | 26.5 | -58.85% | 19.33% |
Financials for California Water Service Group
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Revenue | -4.9% | 805 | 846 | 819 | 809 | 816 |
| S&GA Expenses | 1.9% | 135 | 133 | 133 | 131 | 130 |
| Interest Expenses | 2.8% | 48.00 | 47.00 | 47.00 | 47.00 | 46.00 |
| Net Income | -24.5% | 72.00 | 96.00 | 80.00 | 86.00 | 105 |
| Net Income Margin | 16.9% | 0.11* | 0.10* | 0.11* | 0.13* | - |
| Free Cahsflow | -3.4% | 244 | 252 | 254 | 256 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Assets | 0.9% | 3,887 | 3,851 | 3,806 | 3,683 | 3,639 |
| Current Assets | -8.9% | 269 | 296 | 339 | 277 | 272 |
| Cash Equivalents | -15.8% | 52.00 | 62.00 | 90.00 | 62.00 | 72.00 |
| Goodwill | 0% | 37.00 | 37.00 | 37.00 | 37.00 | 37.00 |
| Current Liabilities | 18.9% | 350 | 295 | 323 | 286 | 282 |
| . Short Term Borrowings | 85.7% | 130 | 70.00 | 70.00 | 70.00 | 50.00 |
| LT Debt, Current | -0.3% | 3.00 | 3.00 | 6.00 | 6.00 | 5.00 |
| LT Debt, Non Current | 0.0% | 1,052 | 1,052 | 1,054 | 1,054 | 1,056 |
| Shareholder's Equity | -1.5% | 1,303 | 1,322 | 1,278 | 1,207 | 1,159 |
| Retained Earnings | -6.6% | 520 | 557 | 562 | 520 | 503 |
| Additional Paid-In Capital | 2.3% | 778 | 760 | 711 | 682 | 650 |
| Shares Outstanding | 0.7% | 56.00 | 56.00 | 55.00 | 54.00 | 54.00 |
| Minority Interest | -0.2% | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Cashflow From Operations | -13.6% | 211 | 244 | 252 | 254 | 256 |
| Share Based Compensation | - | 5.00 | - | - | - | - |
| Cashflow From Investing | -4.0% | -348 | -335 | -313 | -307 | -300 |
| Cashflow From Financing | 59.1% | 153 | 96.00 | 33.00 | 51.00 | 32.00 |
| Dividend Payments | 1.9% | 55.00 | 54.00 | 53.00 | 51.00 | 49.00 |
| Buy Backs | -6.6% | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
Risks for CWT
What is the probability of a big loss on CWT?
46.1%
Probability that California Water Service Group stock will be more than 20% underwater in next one year
10.8%
Probability that California Water Service Group stock will be more than 30% underwater in next one year.
0%
Probability that California Water Service Group stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does CWT drawdown profile look like?
Y-axis is the maximum loss one would have experienced if California Water Service Group was unfortunately bought at previous high price.
Drawdowns
Returns for CWT
Cumulative Returns on CWT
13.2%
10-Year Cumulative Returns
12.0%
7-Year Cumulative Returns
8.6%
5-Year Cumulative Returns
9.4%
3-Year Cumulative Returns
What are the long-term rolling returns for CWT?
FIve years rolling returns for California Water Service Group.
Annualized Returns
Which funds bought or sold CWT recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-05-22 | AMERIPRISE FINANCIAL INC | reduced | -3.08 | -967,999 | 12,914,000 | -% |
2023-05-18 | NEW YORK STATE COMMON RETIREMENT FUND | reduced | -14.84 | -799,000 | 3,573,000 | -% |
2023-05-18 | JPMORGAN CHASE & CO | added | 43.76 | 2,216,040 | 8,046,040 | -% |
2023-05-17 | VIRGINIA RETIREMENT SYSTEMS ET AL | sold off | -100 | -684,970 | - | -% |
2023-05-17 | Thrivent Financial for Lutherans | reduced | -3.39 | -248,000 | 3,162,000 | 0.01% |
2023-05-16 | JANE STREET GROUP, LLC | new | - | 1,094,630 | 1,094,630 | -% |
2023-05-16 | SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | unchanged | - | -21,930 | 523,102 | 0.01% |
2023-05-16 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | added | 584 | 1,549,150 | 1,827,300 | -% |
2023-05-16 | MERCER GLOBAL ADVISORS INC /ADV | added | 1.39 | -82,000 | 2,956,000 | 0.01% |
2023-05-16 | Rockefeller Capital Management L.P. | sold off | -100 | -43,000 | - | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
California Water Service Group News
Schedule 13G FIlings of California Water Service Group
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| 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 | |
| Jan 27, 2022 | blackrock inc. | 18.0% | 9,468,858 | SC 13G/A | |
| Jan 26, 2022 | blackrock inc. | 18.0% | 9,468,858 | SC 13G/A | |
| Feb 11, 2021 | state street corp | 7.57% | 3,770,555 | SC 13G | |
| Feb 10, 2021 | vanguard group inc | 11.50% | 5,731,833 | SC 13G/A |
CWT Fair Value
California Water Service Group fair value in different scenarios
The table shows the Fair Value estimates for California Water Service Group for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 14.48 -74.65% | 20.63 -63.89% | 26.45 -53.70% | 33.93 -40.61% | 45.12 -21.02% |
| Current Inflation | 13.39 -76.56% | 18.69 -67.29% | 23.53 -58.81% | 29.80 -47.84% | 39.09 -31.58% |
| Very High Inflation | 12.03 -78.94% | 16.33 -71.42% | 20.08 -64.85% | 25.00 -56.24% | 32.18 -43.67% |
Historical California Water Service Group Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of California Water Service Group
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| May 23, 2023 | DEFA14A | DEFA14A | |
| May 16, 2023 | PX14A6G | PX14A6G | |
| May 10, 2023 | 8-K | Current Report | |
| May 09, 2023 | DEFA14A | DEFA14A | |
| May 05, 2023 | 144 | Notice of Insider Sale Intent | |
| May 05, 2023 | 4 | Insider Trading | |
| May 05, 2023 | DEFA14A | DEFA14A | |
| May 04, 2023 | DEFA14A | DEFA14A | |
| May 03, 2023 | DEFA14A | DEFA14A | |
| Apr 28, 2023 | 10-Q | Quarterly Report |
Latest Insider Trading transactions for CWT
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-05-05 | Kuta Robert J | sold | -56,790 | 56.79 | -1,000 | vp, engineering |
2023-03-07 | Esque Shelly Marian | acquired | 110,012 | 58.83 | 1,870 | - |
2023-03-07 | Mares Michael S JR | acquired | 75,008 | 58.83 | 1,275 | vice president, operations |
2023-03-07 | Milleman Greg A | acquired | 75,008 | 58.83 | 1,275 | vp, rates and regulatory aff |
2023-03-07 | Krummel Thomas M | acquired | 110,012 | 58.83 | 1,870 | - |
2023-03-07 | Bunting Shawn C | acquired | 62,536 | 58.83 | 1,063 | vp corporate council |
2023-03-07 | MORRIS SCOTT L | acquired | 110,012 | 58.83 | 1,870 | - |
2023-03-07 | Webb Ronald D | acquired | 75,008 | 58.83 | 1,275 | vp, human resources |
2023-03-07 | Kuta Robert J | acquired | 75,008 | 58.83 | 1,275 | vp, engineering |
2023-03-07 | Luu Michael B | acquired | 75,008 | 58.83 | 1,275 | vp, customer service & it |
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. It offers its services to approximately 494,500 customer connections in 100 California communities; approximately 6,200 water and wastewater customer connections on the islands of Maui and Hawaii; approximately 36,400 customer connections in the Tacoma, Olympia, Graham, Spanaway, Puyallup, and Gig Harbor areas; and approximately 8,600 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, as well as provides lab services. In addition, it offers wastewater collection and treatment services. The company was founded in 1926 and is headquartered in San Jose, California.
CWT Income Statement
2023-03-31CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | |
|---|---|---|
Mar. 31, 2023 | Mar. 31, 2022 | |
| Income Statement [Abstract] | ||
| Operating revenue | $ 131,100 | $ 172,993 |
| Operations: | ||
| Water production costs | 55,008 | 61,538 |
| Administrative and general | 35,986 | 33,411 |
| Other operations | 16,604 | 25,852 |
| Maintenance | 7,978 | 7,341 |
| Depreciation and amortization | 29,915 | 28,770 |
| Income tax benefit | (5,644) | (1,417) |
| Property and other taxes | 8,777 | 8,360 |
| Total operating expenses | 148,624 | 163,855 |
| Net operating income | (17,524) | 9,138 |
| Other income and expenses: | ||
| Non-regulated revenue | 4,623 | 5,197 |
| Non-regulated expenses | (2,275) | (6,986) |
| Other components of net periodic benefit credit | 5,221 | 4,014 |
| Allowance for equity funds used during construction | 1,404 | 975 |
| Income tax expense on other income and expenses | (1,794) | (512) |
| Net other income | 7,179 | 2,688 |
| Interest expense: | ||
| Interest expense | 12,818 | 11,495 |
| Allowance for borrowed funds used during construction | (829) | (563) |
| Net interest expense | 11,989 | 10,932 |
| Net income | (22,334) | 894 |
| Net (loss) income attributable to noncontrolling interests | (123) | (192) |
| Net income attributable to California Water Service Group | $ (22,211) | $ 1,086 |
| Earnings per share of common stock: | ||
| Basic (in dollars per share) | $ (0.40) | $ 0.02 |
| Diluted (in dollars per share) | $ (0.40) | $ 0.02 |
| Weighted average shares outstanding: | ||
| Basic (in shares) | 55,666 | 53,731 |
| Diluted (in shares) | 55,666 | 53,775 |
CWT Balance Sheet
2023-03-31CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
|---|---|---|
| Utility plant: | ||
| Utility plant | $ 4,612,350 | $ 4,536,272 |
| Less accumulated depreciation and amortization | (1,508,913) | (1,477,402) |
| Net utility plant | 3,103,437 | 3,058,870 |
| Current assets: | ||
| Cash and cash equivalents | 52,286 | 62,100 |
| Restricted cash | 34,153 | 22,925 |
| Receivables: | ||
| Customers, net | 46,539 | 55,079 |
| Regulatory balancing accounts | 50,335 | 66,826 |
| Other, net | 20,576 | 20,932 |
| Unbilled revenue, net | 29,546 | 33,140 |
| Materials and supplies | 13,287 | 12,564 |
| Taxes, prepaid expenses, and other assets | 22,561 | 21,969 |
| Total current assets | 269,283 | 295,535 |
| Other assets: | ||
| Regulatory assets | 293,263 | 283,620 |
| Goodwill | 36,814 | 36,814 |
| Other assets | 184,065 | 175,913 |
| Total other assets | 514,142 | 496,347 |
| TOTAL ASSETS | 3,886,862 | 3,850,752 |
| Capitalization: | ||
| Common stock, $0.01 par value; 136,000 shares authorized, 55,991 and 55,598 outstanding in 2023 and 2022, respectively | 560 | 556 |
| Additional paid-in capital | 777,605 | 760,336 |
| Retained earnings | 520,031 | 556,698 |
| Noncontrolling interests | 4,792 | 4,804 |
| Total equity | 1,302,988 | 1,322,394 |
| Long-term debt, net | 1,052,337 | 1,052,487 |
| Total capitalization | 2,355,325 | 2,374,881 |
| Current liabilities: | ||
| Current maturities of long-term debt, net | 3,300 | 3,310 |
| Short-term borrowings | 130,000 | 70,000 |
| Accounts payable | 120,198 | 140,986 |
| Regulatory balancing accounts | 17,272 | 12,240 |
| Accrued interest | 16,790 | 6,490 |
| Accrued expenses and other liabilities | 62,744 | 61,624 |
| Total current liabilities | 350,304 | 294,650 |
| Deferred income taxes | 326,401 | 330,251 |
| Pension | 79,245 | 78,443 |
| Regulatory liabilities and other | 288,511 | 287,294 |
| Advances for construction | 199,305 | 199,832 |
| Contributions in aid of construction | 287,771 | 285,401 |
| Commitments and contingencies (Note 10) | ||
| TOTAL CAPITALIZATION AND LIABILITIES | $ 3,886,862 | $ 3,850,752 |