Seaport Res Ptn Weighs in on California Water Service Group’s FY2026 Earnings (NYSE:CWT)

California Water Service Group (NYSE:CWT) – Seaport Res Ptn issued their FY2026 earnings estimates for California Water Service Group in a research report issued on Wednesday, April 24th. Seaport Res Ptn analyst A. Storozynski anticipates that the utilities provider will post earnings of $2.57 per share for the year. The consensus estimate for California Water Service Group’s current full-year earnings is $2.25 per share.

California Water Service Group (NYSE:CWT) last released its quarterly earnings data on Thursday, April 25th. The utilities provider reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $1.00. California Water Service Group had a net margin of 15.42% and a return on equity of 10.09%. The company had revenue of $270.75 million during the quarter, compared to the consensus estimate of $183.85 million. During the same period in the previous year, the firm earned ($0.40) earnings per share. California Water Service Group’s revenue for the quarter was up 106.5% on a year-over-year basis.

CWT has been the subject of several other reports. TheStreet downgraded shares of California Water Service Group from a “b-” rating to a “c+” rating in a research note on Wednesday, February 14th. UBS Group upgraded shares of California Water Service Group from a “sell” rating to a “neutral” rating and set a $49.00 target price for the company in a research note on Thursday, April 4th. Robert W. Baird upped their target price on shares of California Water Service Group from $52.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday. Finally, StockNews.com upgraded shares of California Water Service Group from a “sell” rating to a “hold” rating in a research note on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $54.25.

California Water Service Group Price Performance

CWT opened at $47.93 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.56 and a debt-to-equity ratio of 0.72. California Water Service Group has a 52-week low of $43.50 and a 52-week high of $58.30. The company has a 50 day moving average of $46.11 and a two-hundred day moving average of $48.31. The company has a market cap of $2.76 billion, a P/E ratio of 19.17 and a beta of 0.49.

California Water Service Group Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Monday, May 6th will be paid a $0.28 dividend. The ex-dividend date is Friday, May 3rd. This represents a $1.12 annualized dividend and a dividend yield of 2.34%. California Water Service Group’s dividend payout ratio (DPR) is presently 44.80%.

Institutional Trading of California Water Service Group

Several institutional investors have recently added to or reduced their stakes in CWT. Norges Bank acquired a new stake in California Water Service Group in the fourth quarter valued at $28,614,000. Nuance Investments LLC raised its holdings in California Water Service Group by 28.3% in the third quarter. Nuance Investments LLC now owns 2,175,780 shares of the utilities provider’s stock valued at $102,936,000 after acquiring an additional 479,457 shares in the last quarter. Vanguard Group Inc. raised its holdings in California Water Service Group by 4.0% in the third quarter. Vanguard Group Inc. now owns 7,099,486 shares of the utilities provider’s stock valued at $335,877,000 after acquiring an additional 270,786 shares in the last quarter. Invesco Ltd. raised its holdings in California Water Service Group by 28.2% in the third quarter. Invesco Ltd. now owns 1,096,314 shares of the utilities provider’s stock valued at $51,867,000 after acquiring an additional 240,944 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in California Water Service Group by 782.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 184,016 shares of the utilities provider’s stock valued at $9,545,000 after acquiring an additional 163,160 shares in the last quarter. 82.78% of the stock is owned by institutional investors and hedge funds.

California Water Service Group Company Profile

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.