Wells Fargo upgraded California Water from Underweight to Equal Weight and set a new price target of $56.00 from $58.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
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
SC 13G/A - CALIFORNIA WATER SERVICE GROUP (0001035201) (Subject)
SC 13G - CALIFORNIA WATER SERVICE GROUP (0001035201) (Subject)
SC 13G/A - CALIFORNIA WATER SERVICE GROUP (0001035201) (Subject)
Baird analyst Ben Kallo maintains California Water Servs Gr (NYSE:CWT) with a Outperform and raises the price target from $52 to $55.
California Water Servs Gr (NYSE:CWT) reported quarterly earnings of $1.21 per share which beat the analyst consensus estimate of $0.36 by 236.11 percent. This is a 402.5 percent increase over losses of $(0.40) per share from the same period last year. The company reported quarterly sales of $270.75 million which beat the analyst consensus estimate of $183.85 million by 47.27 percent. This is a 106.52 percent increase over sales of $131.10 million the same period last year.
Martin A. Kropelnicki, Group Chairman & CEO, said, "Although the CPUC rejected our application to include capital costs in our PFAS balancing account, we will proceed with our plans to construct treatment to meet the new federal water quality standard." Additionally, Group has filed lawsuits to hold PFAS manufacturers financially responsible for the costs of testing and treatment, and is pursuing grants where available, to reduce the financial impact on its customers.
10-Q - CALIFORNIA WATER SERVICE GROUP (0001035201) (Filer)
8-K - CALIFORNIA WATER SERVICE GROUP (0001035201) (Filer)
8-K - CALIFORNIA WATER SERVICE GROUP (0001035201) (Filer)
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., 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. 21, 2024 (GLOBE NEWSWIRE) -- NYSE: CWT—For the utility's commitment to improving the lives of those in its local communities, the National Association for the Advancement of Colored People (NAACP) Butte County Chapter has honored California Water Service (Cal Water) with the 2024 Excellence in Community Grants & Scholarships Award. The award recognizes Cal Water's efforts to invest in the future of Butte County's youth. Cal Water, which provides water utility service to Chico and Oroville in Butte County, has sponsored NAACP events to raise funds for student scholarships annually for the past three years. The utility also offers a yearly College Scholarship Progra
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
4 - CALIFORNIA WATER SERVICE GROUP (0001035201) (Issuer)
4 - CALIFORNIA WATER SERVICE GROUP (0001035201) (Issuer)
4 - CALIFORNIA WATER SERVICE GROUP (0001035201) (Issuer)