Equities Analysts Offer Predictions for California Water Service Group’s FY2026 Earnings (NYSE:CWT)

California Water Service Group (NYSE:CWT) – Equities research analysts at Seaport Res Ptn issued their FY2026 EPS estimates for California Water Service Group in a report released on Wednesday, April 24th. Seaport Res Ptn analyst A. Storozynski expects that the utilities provider will post earnings of $2.57 per share for the year. The consensus estimate for California Water Service Group’s current full-year earnings is $2.25 per share.

California Water Service Group (NYSE:CWT) last released its quarterly earnings data on Thursday, April 25th. The utilities provider reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $1.00. The company had revenue of $270.75 million during the quarter, compared to analyst estimates of $183.85 million. California Water Service Group had a net margin of 6.53% and a return on equity of 3.75%. The firm’s revenue for the quarter was up 106.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.40) earnings per share.

Several other research firms have also commented on CWT. StockNews.com raised shares of California Water Service Group from a “sell” rating to a “hold” rating in a research report on Friday. UBS Group raised shares of California Water Service Group from a “sell” rating to a “neutral” rating and set a $49.00 price target for the company in a research report on Thursday, April 4th. Robert W. Baird upped their price objective on shares of California Water Service Group from $52.00 to $55.00 and gave the company an “outperform” rating in a report on Friday. Finally, TheStreet downgraded shares of California Water Service Group from a “b-” rating to a “c+” rating in a report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $54.25.

California Water Service Group Stock Performance

CWT stock opened at $47.93 on Friday. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 53.85 and a beta of 0.49. The firm has a 50-day simple moving average of $46.11 and a two-hundred day simple moving average of $48.31. California Water Service Group has a one year low of $43.50 and a one year high of $58.30. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.65 and a current ratio of 0.69.

Hedge Funds Weigh In On California Water Service Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in California Water Service Group by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 7,099,486 shares of the utilities provider’s stock worth $335,877,000 after buying an additional 270,786 shares during the period. Nuance Investments LLC grew its stake in shares of California Water Service Group by 28.3% during the 3rd quarter. Nuance Investments LLC now owns 2,175,780 shares of the utilities provider’s stock worth $102,936,000 after purchasing an additional 479,457 shares during the period. Impax Asset Management Group plc grew its stake in shares of California Water Service Group by 3.1% during the 3rd quarter. Impax Asset Management Group plc now owns 1,570,771 shares of the utilities provider’s stock worth $74,313,000 after purchasing an additional 47,266 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of California Water Service Group by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,249,050 shares of the utilities provider’s stock worth $64,789,000 after purchasing an additional 10,993 shares during the period. Finally, Invesco Ltd. grew its stake in shares of California Water Service Group by 28.2% during the 3rd quarter. Invesco Ltd. now owns 1,096,314 shares of the utilities provider’s stock worth $51,867,000 after purchasing an additional 240,944 shares during the period. Institutional investors and hedge funds own 82.78% of the company’s stock.

California Water Service Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Monday, May 6th will be issued a dividend of $0.28 per share. The ex-dividend date is Friday, May 3rd. This represents a $1.12 annualized dividend and a dividend yield of 2.34%. California Water Service Group’s dividend payout ratio (DPR) is currently 125.84%.

About California Water Service Group

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.