California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii. It 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. The company offers its services to approximately 492,600 customer connections in 100 California communities; approximately 5,300 water and wastewater customer connections on the islands of Maui and Hawaii; approximately 36,600 customer connections in the Tacoma, Olympia, Graham, Spanaway, Puyallup, and Gig Harbor areas; and approximately 8,500 water and wastewater customer connections in the Belen, Los Lunas, Indian Hills, and Elephant Butte areas in New Mexico. It 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, the company offers wastewater collection and treatment services. California Water Service Group was founded in 1926 and is headquartered in San Jose, California.
IPO Year:
Exchange: NYSE
Website: calwatergroup.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/7/2025 | $56.00 → $52.00 | Equal Weight → Overweight | Wells Fargo |
| 12/11/2024 | $57.00 | Buy | BofA Securities |
| 7/31/2024 | $50.00 → $57.00 | Underweight → Equal Weight | Wells Fargo |
| 4/4/2024 | Sell → Neutral | UBS | |
| 10/25/2023 | $56.00 → $47.00 | Equal Weight → Underweight | Wells Fargo |
| 7/28/2023 | $66.00 | Neutral → Buy | Janney |
| 6/28/2023 | $58.00 → $56.00 | Underweight → Equal Weight | Wells Fargo |
| 6/14/2023 | $59.00 → $51.00 | Neutral → Sell | UBS |
| 1/25/2022 | Sell → Neutral | Seaport Global | |
| 1/25/2022 | $78.00 | Sell → Neutral | Seaport Research Partners |
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SC 13G/A - CALIFORNIA WATER SERVICE GROUP (0001035201) (Subject)
SAN JOSE, Calif., Jan. 04, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE:CWT) today announced that after conducting an extensive, nation-wide search, it has selected James P. Lynch to join the company as Senior Vice President, Chief Financial Officer and Treasurer, effective January 3, 2024. He succeeds interim Vice President, Chief Financial Officer, and Treasurer David B. Healey. Mr. Healey will serve as Principal Financial Officer on an interim basis, ensuring a smooth transition and supporting the company in its fiscal year 2023 financial reporting. Mr. Lynch is an accomplished senior executive and seasoned finance leader with more than 22 years of experience in the wa
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SAN JOSE, Calif., Feb. 11, 2025 (GLOBE NEWSWIRE) -- To better support customers who prefer to pay their bills in person with cash or debit cards, California Water Service (Cal Water) has partnered with Walmart to enable these customers to pay their water bills at Walmart Bill Pay service counters nationwide at no additional cost. With Walmart Bill Pay, Cal Water customers have a new option to pay in person using cash or debit cards at any Walmart location that offers bill payment services, with extended hours including nights and weekends to fit customers' busy schedules. Bill payments are posted in near real time, so customers' accounts stay current. "As we continuously strive to enhanc
SAN JOSE, Calif., Feb. 06, 2025 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE:CWT) today announced that its 2024 full-year and fourth-quarter earnings results will be released at 9:00 a.m. ET with its earnings conference call to follow at 11:00 a.m. ET on Thursday, February 27, 2025. All stockholders and interested investors are invited to attend the conference call. To attend, please dial 1-800-715-9871 or 1-646-307-1963 and key in ID# 5777452, or you may access the live audio webcast at https://edge.media-server.com/mmc/p/cbxzkhb6 Please join at least 15 minutes in advance to ensure a timely connection to the call. A replay of the call will be available from 2:00 p.m. ET on
SAN JOSE, Calif., Jan. 29, 2025 (GLOBE NEWSWIRE) -- At its meeting on January 29, 2025, the California Water Service Group (NYSE:CWT) (Company) Board of Directors (Board) declared the company's 320th consecutive quarterly dividend in the amount of $0.30 per common share, this reflects an $0.08 annual increase that is expected to yield an annual dividend of $1.20. In addition, the Board declared a one-time special dividend in the amount of $0.04 per common share. Both the quarterly dividend and the special one-time dividend will be payable on February 21, 2025, to stockholders of record as of the close of business on February 10, 2025. "We are pleased to be in a position to increase our an
SAN JOSE, Calif., Jan. 15, 2025 (GLOBE NEWSWIRE) -- (NYSE:CWT)—The California Public Utilities Commission (CPUC) has granted the request of California Water Service (Cal Water) and three other utilities to postpone their Cost of Capital applications from May 1, 2025 to May 1, 2026. The decision effectively maintains the current 10.27% return on equity (ROE) and 4.23% cost of debt for Cal Water, with a capital structure of 53.40% common equity and 46.60% long-term debt, and an authorized rate of return of 7.46%. The CPUC also reauthorized the Water Cost of Capital Mechanism (WCCM). Among other provisions, the WCCM automatically adjusts the rate of return when the Moody's Utilities Bond Ind
SAN JOSE, Calif., Jan. 13, 2025 (GLOBE NEWSWIRE) -- To help improve the quality of life in the communities it serves, California Water Service Group (Group) (NYSE:CWT) has opened its 11th annual College Scholarship Program cycle for customers served by its California, Hawaii, New Mexico, and Washington subsidiaries. Eligible customers in any of these service areas or their dependents can apply for part of the $80,000 available this year to offset educational expenses. Applicants must plan to enroll in a full-time undergraduate study program at an accredited college, university, or vocational-technical school for the 2025-2026 academic year. Four $10,000 grand-prize scholarships will be aw
SAN JOSE, Calif., Jan. 07, 2025 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE:CWT) today announced the promotion of Kenneth G. Jenkins to the newly created position of Vice President, Water Resources Planning and Sustainability, effective January 1, 2025. According to Chairman and Chief Executive Officer Martin A. Kropelnicki, Jenkins has demonstrated his commitment to water supply resilience and climate change adaptation, helping the company improve its overall planning for the future. "This well-deserved promotion recognizes the immense effort Ken has put into improving our water supply master planning and leading the company's efforts to improve conservation, resili
SAN JOSE, Calif., Dec. 18, 2024 (GLOBE NEWSWIRE) -- To support local fire departments and their efforts to provide rescue and emergency services, California Water Service (Cal Water) today announced it will award more than $175,000 in grants to seven California fire departments as part of the utility's sixth annual Firefighter Grant Program. "As a water provider, we partner closely with fire departments in our service areas, so they have access to a reliable supply of water and pressure to keep our communities safe," said Martin A. Kropelnicki, Cal Water Chairman and CEO. "Beyond that, we proudly support our local first responders, because when lives are at stake and minutes matter, we wa
SAN JOSE, Calif., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Expanding its operations on The Garden Isle, California Water Service Group (NYSE:CWT) subsidiary Hawaii Water Service (Hawaii Water) finalized the acquisition of Kukui'ula South Shore Community Services' (KSSCS) wastewater system assets yesterday. Hawaii Water will now own and manage the collection-only wastewater utility, which currently serves about 440 residential, commercial, and resort customers. The system, which is located in southeast Kauai, is expected to be able to serve up to 1,500 connections upon the completion of a planned resort buildout. Wastewater from KSSCS is discharged to the Poipu Water Reclamation Facility, which H
SAN JOSE, Calif., Oct. 31, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (("Group" or "Company, NYSE:CWT), a leading publicly traded water utility serving California, Hawaii, New Mexico, Washington, and Texas, today reported financial results for the third quarter of 2024. Highlights included: Recorded diluted earnings per share of $1.03 in Q3 2024 and $2.93 year-to-date, compared to $0.60 in Q3 and $0.38 year-to-date in 2023.Invested a record $332.2 million of capital in infrastructure during the first nine months of 2024.Retained authorized return on equity ("ROE") of 10.27% for 2025 for California Water Service (Cal Water).Declared the 319th consecutive quarterly dividen
SAN JOSE, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- At its meeting on October 30, 2024, the California Water Service Group (NYSE:CWT) Board of Directors declared the company's 319th consecutive quarterly dividend in the amount of $0.28 per common share. It will be payable on November 22, 2024 to stockholders of record as of the close of business on November 12, 2024. California Water Service Group is the parent company of regulated utilities California Water Service, Hawaii Water Service, New Mexico Water Service, and Washington Water Service, as well as Texas Water Service, a utility holding company. Together, these companies provide regulated and non-regulated water and wastewater servi
Wells Fargo upgraded California Water from Equal Weight to Overweight and set a new price target of $52.00 from $56.00 previously
BofA Securities initiated coverage of California Water with a rating of Buy and set a new price target of $57.00
Wells Fargo upgraded California Water from Underweight to Equal Weight and set a new price target of $57.00 from $50.00 previously
UBS upgraded California Water from Sell to Neutral
Wells Fargo downgraded California Water from Equal Weight to Underweight and set a new price target of $47.00 from $56.00 previously
Janney upgraded California Water from Neutral to Buy and set a new price target of $66.00
Wells Fargo upgraded California Water from Underweight to Equal Weight and set a new price target of $56.00 from $58.00 previously
UBS downgraded California Water from Neutral to Sell and set a new price target of $51.00 from $59.00 previously
Seaport Global upgraded California Water Service from Sell to Neutral
Seaport Research Partners upgraded California Water from Sell to Neutral and set a new price target of $78.00
SAN JOSE, Calif., Feb. 06, 2025 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE:CWT) today announced that its 2024 full-year and fourth-quarter earnings results will be released at 9:00 a.m. ET with its earnings conference call to follow at 11:00 a.m. ET on Thursday, February 27, 2025. All stockholders and interested investors are invited to attend the conference call. To attend, please dial 1-800-715-9871 or 1-646-307-1963 and key in ID# 5777452, or you may access the live audio webcast at https://edge.media-server.com/mmc/p/cbxzkhb6 Please join at least 15 minutes in advance to ensure a timely connection to the call. A replay of the call will be available from 2:00 p.m. ET on
SAN JOSE, Calif., Jan. 29, 2025 (GLOBE NEWSWIRE) -- At its meeting on January 29, 2025, the California Water Service Group (NYSE:CWT) (Company) Board of Directors (Board) declared the company's 320th consecutive quarterly dividend in the amount of $0.30 per common share, this reflects an $0.08 annual increase that is expected to yield an annual dividend of $1.20. In addition, the Board declared a one-time special dividend in the amount of $0.04 per common share. Both the quarterly dividend and the special one-time dividend will be payable on February 21, 2025, to stockholders of record as of the close of business on February 10, 2025. "We are pleased to be in a position to increase our an
SAN JOSE, Calif., Oct. 31, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (("Group" or "Company, NYSE:CWT), a leading publicly traded water utility serving California, Hawaii, New Mexico, Washington, and Texas, today reported financial results for the third quarter of 2024. Highlights included: Recorded diluted earnings per share of $1.03 in Q3 2024 and $2.93 year-to-date, compared to $0.60 in Q3 and $0.38 year-to-date in 2023.Invested a record $332.2 million of capital in infrastructure during the first nine months of 2024.Retained authorized return on equity ("ROE") of 10.27% for 2025 for California Water Service (Cal Water).Declared the 319th consecutive quarterly dividen
SAN JOSE, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- At its meeting on October 30, 2024, the California Water Service Group (NYSE:CWT) Board of Directors declared the company's 319th consecutive quarterly dividend in the amount of $0.28 per common share. It will be payable on November 22, 2024 to stockholders of record as of the close of business on November 12, 2024. California Water Service Group is the parent company of regulated utilities California Water Service, Hawaii Water Service, New Mexico Water Service, and Washington Water Service, as well as Texas Water Service, a utility holding company. Together, these companies provide regulated and non-regulated water and wastewater servi
SAN JOSE, Calif., Oct. 10, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE:CWT) today announced that its 2024 third quarter earnings results will be released at 9:00 a.m. ET with its earnings conference call to follow at 11:00 a.m. ET on Thursday, October 31, 2024. All stockholders and interested investors are invited to attend the conference call. To attend, please dial 1-800-715-9871 or 1-646-307-1963 and key in ID# 2796844, or you may access the live audio webcast at https://edge.media-server.com/mmc/p/z25hs69f. Please join at least 15 minutes in advance to ensure a timely connection to the call. A replay of the call will be available from 2:00 p.m. ET on Thursday, O
SAN JOSE, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- At its meeting on July 31, 2024, the California Water Service Group (NYSE:CWT) Board of Directors declared the company's 318th consecutive quarterly dividend in the amount of $0.28 per common share. It will be payable on August 23, 2024 to stockholders of record as of the close of business on August 12, 2024. California Water Service Group is the parent company of regulated utilities California Water Service, Hawaii Water Service, New Mexico Water Service, and Washington Water Service, as well as Texas Water Service, a utility holding company. Together, these companies provide regulated and non-regulated water and wastewater service to m
SAN JOSE, Calif., July 11, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE:CWT) today announced that its 2024 second quarter earnings results will be released at 9:00 a.m. ET with its earnings conference call to follow at 11:00 a.m. ET on Thursday, August 1, 2024. All stockholders and interested investors are invited to attend the conference call. To attend, please dial 1-800-715-9871 or 1-646-307-1963 and key in ID# 5681819, or you may access the live audio webcast at https://edge.media-server.com/mmc/p/nfn5956c. Please join at least 15 minutes in advance to ensure a timely connection to the call. A replay of the call will be available from 2:00 p.m. ET on Thursday, August
SAN JOSE, Calif., July 09, 2024 (GLOBE NEWSWIRE) -- To continue providing safe, clean, reliable tap water to customers across the communities it serves, California Water Service (Cal Water)—the largest subsidiary of California Water Service Group (NYSE:CWT)—yesterday submitted Infrastructure Improvement Plans for its California districts from 2025-2027 in its General Rate Case (GRC) filing with the California Public Utilities Commission (CPUC). The application also proposes a Low-Use Water Equity Program, which would decouple revenue from water sales, to assist low-water-using, lower-income customers. The required, triennial filing begins an approximately 18-month review process by the CP
SAN JOSE, Calif., April 25, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (("Group" or "Company, NYSE:CWT), a leading publicly traded water utility serving California, Hawaii, New Mexico, Washington, and Texas, today reported results for the first quarter of 2024. Highlights included: Diluted earnings per share of $1.21 in Q1 2024, compared to a loss of $0.40 in Q1 2023.A decision on the 2021 California General Rate Case and Infrastructure Improvement Plan (2021 GRC) that authorizes implementation of beneficial regulatory mechanisms, increased revenues, and approximately $1.2 billion in infrastructure improvement projects.Implementation of 10.27% return on equity in California.
SAN JOSE, Calif., April 24, 2024 (GLOBE NEWSWIRE) -- At its meeting on April 24, 2024, the California Water Service Group (NYSE:CWT) Board of Directors declared the company's 317th consecutive quarterly dividend in the amount of $0.28 per common share. It will be payable on May 17, 2024 to stockholders of record as of the close of business on May 6, 2024. California Water Service Group is the parent company of regulated utilities California Water Service, Hawaii Water Service, New Mexico Water Service, and Washington Water Service, as well as Texas Water Service, a utility holding company. Together, these companies provide regulated and non-regulated water and wastewater service to more t
8-K - CALIFORNIA WATER SERVICE GROUP (0001035201) (Filer)
10-Q - CALIFORNIA WATER SERVICE GROUP (0001035201) (Filer)
8-K - CALIFORNIA WATER SERVICE GROUP (0001035201) (Filer)
8-K - CALIFORNIA WATER SERVICE GROUP (0001035201) (Filer)
8-K - CALIFORNIA WATER SERVICE GROUP (0001035201) (Filer)
10-Q - CALIFORNIA WATER SERVICE GROUP (0001035201) (Filer)
8-K - CALIFORNIA WATER SERVICE GROUP (0001035201) (Filer)
8-K - CALIFORNIA WATER SERVICE GROUP (0001035201) (Filer)
8-K - CALIFORNIA WATER SERVICE GROUP (0001035201) (Filer)
8-K - CALIFORNIA WATER SERVICE GROUP (0001035201) (Filer)