Equities Analysts Issue Forecasts for CWT FY2027 Earnings

California Water Service Group (NYSE:CWT) – Stock analysts at Zacks Research raised their FY2027 EPS estimates for California Water Service Group in a research report issued on Thursday, January 29th. Zacks Research analyst Team now forecasts that the utilities provider will post earnings per share of $2.64 for the year, up from their previous estimate of $2.63. The consensus estimate for California Water Service Group’s current full-year earnings is $3.15 per share.

Other equities analysts also recently issued research reports about the company. Weiss Ratings reissued a “hold (c)” rating on shares of California Water Service Group in a research report on Wednesday, January 21st. Robert W. Baird set a $55.00 target price on California Water Service Group in a research note on Friday, October 31st. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $55.00.

California Water Service Group Stock Down 0.4%

California Water Service Group stock opened at $44.53 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.55 and a quick ratio of 0.52. The company’s 50-day moving average is $44.11 and its 200-day moving average is $45.56. The firm has a market capitalization of $2.65 billion, a PE ratio of 19.45, a P/E/G ratio of 2.03 and a beta of 0.64. California Water Service Group has a fifty-two week low of $41.29 and a fifty-two week high of $51.63.

California Water Service Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Monday, February 9th will be given a $0.335 dividend. The ex-dividend date of this dividend is Monday, February 9th. This is a positive change from California Water Service Group’s previous quarterly dividend of $0.30. This represents a $1.34 annualized dividend and a dividend yield of 3.0%. California Water Service Group’s dividend payout ratio (DPR) is currently 52.40%.

Institutional Trading of California Water Service Group

Hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in California Water Service Group by 3,318.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 547 shares of the utilities provider’s stock valued at $25,000 after buying an additional 531 shares in the last quarter. Danske Bank A S bought a new stake in shares of California Water Service Group in the third quarter valued at about $28,000. EverSource Wealth Advisors LLC grew its stake in shares of California Water Service Group by 109.9% in the second quarter. EverSource Wealth Advisors LLC now owns 697 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 365 shares in the last quarter. Whittier Trust Co. bought a new position in California Water Service Group during the second quarter worth about $36,000. Finally, Hantz Financial Services Inc. increased its position in California Water Service Group by 291.1% during the third quarter. Hantz Financial Services Inc. now owns 880 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 655 shares during the period. 82.78% of the stock is owned by institutional investors and hedge funds.

California Water Service Group Company Profile

California Water Service Group (NYSE: CWT) is a publicly traded holding company that provides regulated water utility services through its subsidiaries. The company delivers safe, reliable drinking water and wastewater management to residential, commercial, industrial and municipal customers across California, Hawaii and New Mexico. Its principal operating units include California Water Service, New Mexico Water Service and Hawaii Water Service, each responsible for end?to?end water supply operations—from source development and treatment to distribution and customer service.

Founded in 1926 as the California Water Service Company, the group has grown to become one of the largest investor?owned water utilities in the United States by customer count.