FY2026 Earnings Forecast for CWT Issued By Seaport Res Ptn

California Water Service Group (NYSE:CWT) – Equities research analysts at Seaport Res Ptn issued their FY2026 earnings per share (EPS) estimates for shares of California Water Service Group in a research report issued on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski forecasts that the utilities provider will post earnings of $2.56 per share for the year. The consensus estimate for California Water Service Group’s current full-year earnings is $3.29 per share.

California Water Service Group (NYSE:CWT) last issued its earnings results on Thursday, October 31st. The utilities provider reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.02). California Water Service Group had a return on equity of 13.24% and a net margin of 19.56%. The company had revenue of $299.60 million for the quarter, compared to analyst estimates of $289.55 million. During the same quarter in the prior year, the firm earned $0.60 earnings per share. The company’s revenue for the quarter was up 17.5% on a year-over-year basis.

CWT has been the subject of a number of other research reports. Wells Fargo & Company upgraded shares of California Water Service Group from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $56.00 to $52.00 in a report on Tuesday. Bank of America started coverage on California Water Service Group in a research note on Wednesday, December 11th. They issued a “buy” rating and a $57.00 price objective on the stock. Finally, StockNews.com raised California Water Service Group from a “sell” rating to a “hold” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, California Water Service Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.25.

California Water Service Group Trading Down 2.5 %

Shares of California Water Service Group stock opened at $43.26 on Wednesday. The stock has a 50 day moving average of $48.70 and a 200 day moving average of $51.27. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.60 and a current ratio of 0.64. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 12.50 and a beta of 0.52. California Water Service Group has a fifty-two week low of $42.31 and a fifty-two week high of $56.25.

Institutional Investors Weigh In On California Water Service Group

A number of hedge funds and other institutional investors have recently made changes to their positions in CWT. Blue Trust Inc. grew its position in California Water Service Group by 255.6% during the third quarter. Blue Trust Inc. now owns 505 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 363 shares during the period. GAMMA Investing LLC grew its holdings in shares of California Water Service Group by 50.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,236 shares of the utilities provider’s stock worth $67,000 after purchasing an additional 413 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in California Water Service Group during the 2nd quarter worth approximately $85,000. nVerses Capital LLC purchased a new position in California Water Service Group in the third quarter valued at approximately $119,000. Finally, CWM LLC increased its position in shares of California Water Service Group by 129.1% in the third quarter. CWM LLC now owns 3,090 shares of the utilities provider’s stock worth $168,000 after acquiring an additional 1,741 shares in the last quarter. Hedge funds and other institutional investors own 82.78% of the company’s stock.

Insider Activity at California Water Service Group

In other news, VP Michael B. Luu sold 985 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $51.50, for a total value of $50,727.50. Following the completion of the transaction, the vice president now directly owns 20,354 shares of the company’s stock, valued at $1,048,231. The trade was a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.73% of the stock is owned by corporate insiders.

California Water Service Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Tuesday, November 12th were paid a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.12 dividend on an annualized basis and a yield of 2.59%. California Water Service Group’s payout ratio is 32.37%.

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.