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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WAIKOLOA, Hawaii, Oct. 14, 2025 (GLOBE NEWSWIRE) -- Hawaii Water Service (Hawaii Water), a subsidiary of California Water Service Group (NYSE:CWT), has received approval from the Hawaii Public Utilities Commission (HPUC) to increase annual revenue by $4.7 million across the five systems that make up its Waikoloa service area, and to adjust water and wastewater rates accordingly. This increase in annual revenue is necessary to account for investments made to maintain and strengthen the Waikoloa Resort and Village water and wastewater systems, inflation, and operating cost increases. Over recent years, Hawaii Water has completed numerous capital investment projects to help provide safe, rel
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
GIG HARBOR, Wash., Sept. 30, 2025 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE:CWT) subsidiary Washington Water Service (Washington Water) has filed a request with the Washington Utilities and Transportation Commission (UTC) to increase water rates to recover $14.9 million in costs it has incurred to fund the improvement and maintenance of its local water systems as well as increased expenses over the last two years. Some of the major investments made in Washington Water's service areas include: Installing 1,000 feet of water main in the Minterbrook system; 700 feet of main in Sunshine Acres; 2,500 feet of main in the Ranch Acres Shores system; 2,000 feet of main in Cedar Gro
SAN JOSE, Calif., Sept. 29, 2025 (GLOBE NEWSWIRE) -- California Water Service (Cal Water) opened its seventh annual Firefighter Grant Program today to fire departments in its districts, as part of its ongoing commitment to—and partnership with—local first responders. Professional and volunteer fire departments that serve any part of Cal Water's service areas are eligible to apply for funding that will offset costs for life-saving fire protection equipment, training, and education. With its 2024 cycle, Cal Water's Firefighter Grant Program surpassed the $1 million mark, providing grants to 27 local fire departments since the program started in 2019. Last year, grants ranged from $10,800 to
SAN JOSE, Calif., Sept. 03, 2025 (GLOBE NEWSWIRE) -- In recognition of the utility's commitment to "always do the right thing," Newsweek today named California Water Service Group (NYSE:CWT) one of the "World's Most Trustworthy Companies." This is the third year in a row California Water Service Group has earned this designation, which comes six months after receiving the nod as one of "America's Most Trustworthy Companies" for 2025. Newsweek and Statista Inc., a leading statistics portal and industry ranking provider, gave the company the global recognition—also in its third year—based on feedback and analysis from the utility's customers, investors, and employees. Newsweek honored 61 c
SAN JOSE, Calif., Sept. 02, 2025 (GLOBE NEWSWIRE) -- To help encourage its customers to save more water, California Water Service (Cal Water) has increased the value of conservation rebates available for purchases of popular indoor and outdoor conservation-related products. For a limited time, customers can get increased rebates on a range of products, from high-efficiency clothes washers to low-water-use landscaping. Rebates with increased incentives include: Residential high-efficiency toilets, now up to $150Residential high-efficiency clothes washers, now up to $500Residential lawn-to-garden conversions, now up to $5 per square footCommercial high-efficiency toilets, now up to $200Com
SAN JOSE, Calif., Aug. 20, 2025 (GLOBE NEWSWIRE) -- Great Place To Work® has again certified California Water Service Group (NYSE:CWT) for 2025, marking a decade that the company has held this distinction. The award—which includes both a Culture Audit© and a Trust Index©—is based entirely on current, full-time employees' feedback about the company's culture and their experience working at the company. Beyond its comprehensive benefits package and existing employee wellness and incentive programs, over the past year, California Water Service Group introduced a new, internal Career Pathways program to help employees enrich their current roles or prepare for future roles, along with a revamp
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
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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)
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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)
8-K - CALIFORNIA WATER SERVICE GROUP (0001035201) (Filer)
8-K - CALIFORNIA WATER SERVICE GROUP (0001035201) (Filer)
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S-3ASR - CALIFORNIA WATER SERVICE GROUP (0001035201) (Filer)
DEFA14A - 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 finance-specific insights
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
SAN JOSE, Calif., April 30, 2025 (GLOBE NEWSWIRE) -- At its meeting on April 30, 2025, the California Water Service Group (NYSE:CWT) (Company) Board of Directors (Board) declared the company's 321st consecutive quarterly dividend in the amount of $0.30 per common share. The quarterly dividend will be payable on May 23, 2025, to stockholders of record as of the close of business on May 12, 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., April 10, 2025 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE:CWT) today announced that its 2025 first-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, May 1, 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# 7963586, or you may access the live audio webcast at https://edge.media-server.com/mmc/p/ucroi7t4 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, May 1, 202
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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