Research Analysts Set Expectations for CWT Q3 Earnings

California Water Service Group (NYSE:CWT) – Investment analysts at Zacks Research dropped their Q3 2026 earnings per share estimates for California Water Service Group in a report released on Wednesday, August 12th. Zacks Research analyst Team now expects that the utilities provider will post earnings of $1.22 per share for the quarter, down from their previous forecast of $1.33. The consensus estimate for California Water Service Group’s current full-year earnings is $2.55 per share. Zacks Research also issued estimates for California Water Service Group’s Q4 2026 earnings at $0.39 EPS, FY2026 earnings at $2.61 EPS, Q1 2027 earnings at $0.26 EPS, Q2 2027 earnings at $0.83 EPS, Q3 2027 earnings at $1.31 EPS, Q4 2027 earnings at $0.32 EPS, FY2027 earnings at $2.72 EPS and Q1 2028 earnings at $0.31 EPS.

Other analysts have also recently issued research reports about the company. Seaport Research Partners reissued a “buy” rating and set a $53.00 price objective on shares of California Water Service Group in a research report on Wednesday. Robert W. Baird set a $54.00 price target on California Water Service Group in a report on Friday, May 1st. Weiss Ratings raised California Water Service Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. Finally, Wall Street Zen upgraded California Water Service Group from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, California Water Service Group has an average rating of “Hold” and a consensus price target of $54.00.

California Water Service Group Trading Down 0.2%

California Water Service Group stock opened at $49.87 on Thursday. California Water Service Group has a 12 month low of $41.29 and a 12 month high of $53.82. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 0.81. The stock has a market cap of $3.08 billion, a P/E ratio of 22.46, a P/E/G ratio of 1.78 and a beta of 0.50. The company’s fifty day simple moving average is $48.77 and its 200-day simple moving average is $46.26.

California Water Service Group (NYSE:CWT) last posted its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.13. The firm had revenue of $308.60 million for the quarter, compared to analysts’ expectations of $283.50 million. California Water Service Group had a net margin of 12.63% and a return on equity of 7.74%. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 EPS.

Institutional Investors Weigh In On California Water Service Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in CWT. BlackRock Inc. bought a new stake in California Water Service Group during the second quarter worth approximately $523,255,000. Nuance Investments LLC bought a new position in shares of California Water Service Group in the second quarter valued at approximately $53,324,000. Amundi lifted its stake in shares of California Water Service Group by 26.7% in the first quarter. Amundi now owns 3,470,997 shares of the utilities provider’s stock worth $157,421,000 after buying an additional 732,004 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of California Water Service Group during the 2nd quarter worth $25,642,000. Finally, Millennium Management LLC grew its stake in California Water Service Group by 5,365.1% in the 3rd quarter. Millennium Management LLC now owns 368,074 shares of the utilities provider’s stock valued at $16,891,000 after buying an additional 361,339 shares during the last quarter. 82.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at California Water Service Group

In other California Water Service Group news, Director Lester A. Snow sold 1,100 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $44.00, for a total transaction of $48,400.00. Following the transaction, the director directly owned 18,316 shares in the company, valued at $805,904. This trade represents a 5.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas M. Krummel sold 3,700 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $43.30, for a total value of $160,210.00. Following the completion of the sale, the director directly owned 23,805 shares of the company’s stock, valued at $1,030,756.50. This represents a 13.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.78% of the company’s stock.

California Water Service Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Monday, August 10th will be given a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, August 10th. California Water Service Group’s dividend payout ratio is presently 60.36%.

About California Water Service Group

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.