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 |
|---|---|---|---|
| 4/11/2025 | $54.00 | Neutral → Buy | Seaport Research Partners |
| 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 |
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4 - CALIFORNIA WATER SERVICE GROUP (0001035201) (Issuer)
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SAN JOSE, Calif., Jan. 08, 2026 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE:CWT), the majority equity investor in BVRT Utility Holding Company LLC (BVRT) through its subsidiary, TWSC, Inc. (Texas Water), has entered into an agreement to purchase the remaining membership interests of BVRT and become the sole owner of its seven subsidiary water and wastewater utilities in the Austin-San Antonio corridor. At the same time, BVRT has continued to expand its Texas footprint through opportunities to build and enhance water and wastewater infrastructure in the area. Group expects to file a change of control application with the Public Utilities Commission of Texas (PUCT) soon
SAN JOSE, Calif., Jan. 07, 2026 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE:CWT) announced today the promotion of Todd K. Peters to Vice President, Engineering and Thomas A. Scanlon to Vice President, Corporate Controller and Chief Accounting Officer, effective January 1, 2026. Peters began his career at the Company in 1993 and has held various positions, the most recent of which was Chief Engineering Officer. He holds a Bachelor of Science Degree in Civil Engineering from San Jose State University and is a licensed Professional Engineer in California, Hawaii, New Mexico, Texas, and Washington. Scanlon joined the team in 2010 and most recently served as Corporate Controller
SAN JOSE, Calif., Dec. 29, 2025 (GLOBE NEWSWIRE) -- (NYSE:CWT)—California Water Service (Cal Water) has been authorized to implement interim rate adjustments for nearly all of its service areas, effective Jan. 1, 2026, as the California Public Utilities Commission (CPUC) continues its review of the utility's 2024 General Rate Case (GRC) and Infrastructure Improvement Plan. The CPUC's approval allows Cal Water to temporarily increase rates by 3% in most districts, so that the utility can continue making infrastructure investments needed to help provide safe, clean, reliable water to customers. Cal Water, the largest subsidiary of California Water Service Group, filed its triennial, require
SAN JOSE, Calif., Dec. 22, 2025 (GLOBE NEWSWIRE) -- To help fire departments in the utility's local service areas better serve their communities, California Water Service (Cal Water) has named the nine recipients of its seventh annual Firefighter Grant Program. These nine fire departments will share more than $186,000 to augment their rescue and emergency services. "As a trusted water provider, we work each day to provide firefighters the reliable water they need to protect our communities. As a valued community partner, it is important to us to go a meaningful step further," said Marty Kropelnicki, Cal Water Chairman and CEO. "By helping to fund the purchase of some of the critical resou
SAN JOSE, Calif., Dec. 11, 2025 (GLOBE NEWSWIRE) -- In another step toward providing safe, reliable water to Palm Mutual Water company (Palm Mutual) customers long-term, California Water Service (Cal Water) has received California Public Utilities Commission (CPUC) approval of its pending acquisition of Palm Mutual. Cal Water is the largest subsidiary of California Water Service Group (NYSE:CWT). Palm Mutual, located two miles from Cal Water's Northeast Bakersfield Treatment Plant, currently serves 63 residential customers. Cal Water already serves Palm Mutual through a master meter interconnection, since the latter does not own or operate its own sources of supply. Cal Water intends to u
WAIKOLOA, Hawaii, Nov. 20, 2025 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE:CWT) subsidiary Hawaii Water Service (Hawaii Water) has filed a request with the Hawaii Public Utilities Commission (PUC) to increase water and sewer rates in its Kapalua water and wastewater systems for the first time since acquiring the systems in 2021. The request seeks to increase revenues by $2.2 million to recover increases in purchased water costs, higher operating expenses, and the cost of completed capital investments. Hawaii Water's $3.4 million in infrastructure investments have funded upgrades and maintenance of the local water and wastewater systems, which are designed to enhance quality,
SAN JOSE, Calif., Nov. 20, 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, 2026, to May 1, 2027. The decision effectively maintains a 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), which automatically adjusts the rate of return when the Moody's Utilities Bond Index fluctuates between Cost of Capita
SAN JOSE, Calif., Oct. 30, 2025 (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 strong financial results for the third quarter 2025. Financial highlights included: Net income of $61.2 million in Q3 2025 and diluted EPS of $1.03, consistent with net income and diluted EPS reported in Q3 2024.$135.2 million invested in water system infrastructure during Q3 2025, a 14.8% increase over water system infrastructure investments in Q3 2024.Authorization of inflation-based interim rate increases for California Water Service (Cal Water) effective J
SAN JOSE, Calif., Oct. 29, 2025 (GLOBE NEWSWIRE) -- At its meeting on October 29, 2025, the California Water Service Group (NYSE:CWT) (Company) Board of Directors declared the Company's 323rd consecutive quarterly dividend in the amount of $0.30 per common share. The quarterly dividend will be payable on November 21, 2025, to stockholders of record as of the close of business on November 10, 2025. About California Water Service GroupCalifornia 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 compan
SAN JOSE, Calif., Oct. 28, 2025 (GLOBE NEWSWIRE) -- Forty-four residences struggling with failing private wells in the disadvantaged community of West Goshen now have access to safe, clean, reliable drinking water, as California Water Service (Cal Water) completed connecting its water system to the homes. This consolidation was made possible by advocacy from community residents and funding obtained by the County of Tulare, with support by Community Water Center (CWC), from the California Department of Water Resources (DWR). Through DWR's Small Community Drought Relief Program, CWC helped Tulare County secure $3.45 million in 2022 for the consolidation. The grant funds enabled Cal Water to
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3 - CALIFORNIA WATER SERVICE GROUP (0001035201) (Issuer)
4 - CALIFORNIA WATER SERVICE GROUP (0001035201) (Issuer)
4 - CALIFORNIA WATER SERVICE GROUP (0001035201) (Issuer)
4 - CALIFORNIA WATER SERVICE GROUP (0001035201) (Issuer)
4 - CALIFORNIA WATER SERVICE GROUP (0001035201) (Issuer)
4 - CALIFORNIA WATER SERVICE GROUP (0001035201) (Issuer)
4 - CALIFORNIA WATER SERVICE GROUP (0001035201) (Issuer)
4 - CALIFORNIA WATER SERVICE GROUP (0001035201) (Issuer)
4 - CALIFORNIA WATER SERVICE GROUP (0001035201) (Issuer)
4 - CALIFORNIA WATER SERVICE GROUP (0001035201) (Issuer)
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)
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Seaport Research Partners upgraded California Water from Neutral to Buy and set a new price target of $54.00
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
Live Leadership Updates
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., Oct. 30, 2025 (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 strong financial results for the third quarter 2025. Financial highlights included: Net income of $61.2 million in Q3 2025 and diluted EPS of $1.03, consistent with net income and diluted EPS reported in Q3 2024.$135.2 million invested in water system infrastructure during Q3 2025, a 14.8% increase over water system infrastructure investments in Q3 2024.Authorization of inflation-based interim rate increases for California Water Service (Cal Water) effective J
SAN JOSE, Calif., Oct. 29, 2025 (GLOBE NEWSWIRE) -- At its meeting on October 29, 2025, the California Water Service Group (NYSE:CWT) (Company) Board of Directors declared the Company's 323rd consecutive quarterly dividend in the amount of $0.30 per common share. The quarterly dividend will be payable on November 21, 2025, to stockholders of record as of the close of business on November 10, 2025. About California Water Service GroupCalifornia 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 compan
SAN JOSE, Calif., Oct. 09, 2025 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE:CWT) today announced that its 2025 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 30, 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# 2071195, or you may access the live audio webcast at https://edge.media-server.com/mmc/p/cvkp7i34 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, Octo
SAN JOSE, Calif., Oct. 01, 2025 (GLOBE NEWSWIRE) -- California Water Service Group ((Group, NYSE:CWT) today announced today the sale of $170,000,000 in aggregate principal amount of Senior Unsecured Notes (the Notes) by Group and $200,000,000 in aggregate principal amount of First Mortgage Bonds (the Bonds) by California Water Service Company (Cal Water), a wholly owned subsidiary of Group, in private placement transactions. The Notes consist of $70,000,000 of 4.87% senior unsecured notes, Series A, due October 1, 2032 and $100,000,000 of 5.22% senior unsecured notes, Series B, due October 1, 2035. The Notes received an "A" rating by S&P Global (S&P) in advance of the sale. The Bonds con
SAN JOSE, Calif., July 31, 2025 (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 second quarter 2025. Financial highlights included: Net income of $42.2 million or diluted earnings per share of $0.71 in Q2 2025; net income of $55.5 million or $0.93 per diluted share year-to-date (YTD) in 2025$119.4 million invested in water system infrastructure during Q2 and $229.5 million YTD in 20252024 California general rate case (2024 CA GRC) advancedAgreement executed to own and operate Silverwood wa
SAN JOSE, Calif., July 30, 2025 (GLOBE NEWSWIRE) -- At its meeting on July 30, 2025, the California Water Service Group (NYSE:CWT) (Company) Board of Directors declared the Company's 322nd consecutive quarterly dividend in the amount of $0.30 per common share. The quarterly dividend will be payable on August 22, 2025, to stockholders of record as of the close of business on August 11, 2025. About California Water Service GroupCalifornia 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 pr
SAN JOSE, Calif., July 10, 2025 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE:CWT) today announced that its 2025 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, July 31, 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# 4275238, or you may access the live audio webcast at https://edge.media-server.com/mmc/p/skfes8tg 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, July 31,
SAN JOSE, Calif., June 24, 2025 (GLOBE NEWSWIRE) -- In an expansion of its wastewater and recycled water operations, California Water Service (Cal Water) has signed an agreement with an affiliate of DMB Development to own and operate the wastewater and recycled water systems of Silverwood, a new master-planned, mixed-use community currently under construction in San Bernardino County, Calif. Cal Water is the largest subsidiary of California Water Service Group (NYSE:CWT), whose subsidiaries provide water, wastewater, and recycled water utility services across the western United States. Under the agreement, upon completion of the community's wastewater treatment plant, Cal Water will begin
SAN JOSE, Calif., May 29, 2025 (GLOBE NEWSWIRE) -- California Water Service (Cal Water), the largest subsidiary of California Water Service Group (NYSE:CWT), has signed agreements with Casa Loma Water Company (Casa Loma) and Palm Mutual Water Company (Palm Mutual) to acquire both systems' water utility assets. Casa Loma serves about 900 people through 237 residential and 11 commercial customer connections. The system is located three miles from Cal Water's Bakersfield Operations Center and is surrounded by Cal Water's existing service area. Because Cal Water has an existing intertie with Casa Loma, Cal Water will begin delivering water to these new customers after the acquisition is com
SAN JOSE, Calif., May 01, 2025 (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 first quarter 2025. Financial highlights included: The inclusion of both GAAP and non-GAAP financial measures for 2024 to assist investors in comparing 2024 and 2025 performance. Net income attributable to Group of $13.3 million, or $0.22 per diluted share, a decrease of $56.6 million and $0.99 per share, respectively, compared to the same period in the prior year. However, Q1 2025 net income and diluted earnings per share increase
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