Seaport Res Ptn Brokers Decrease Earnings Estimates for CWT

California Water Service Group (NYSE:CWT) – Analysts at Seaport Res Ptn cut their FY2026 earnings per share (EPS) estimates for California Water Service Group in a note issued to investors on Monday, November 3rd. Seaport Res Ptn analyst A. Storozynski now expects that the utilities provider will post earnings per share of $2.49 for the year, down from their prior forecast of $2.57. The consensus estimate for California Water Service Group’s current full-year earnings is $3.15 per share. Seaport Res Ptn also issued estimates for California Water Service Group’s FY2027 earnings at $2.59 EPS.

California Water Service Group (NYSE:CWT) last posted its earnings results on Thursday, October 30th. The utilities provider reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.17). California Water Service Group had a return on equity of 8.28% and a net margin of 13.71%.The firm had revenue of $311.24 million during the quarter, compared to analysts’ expectations of $321.35 million. During the same quarter in the prior year, the firm posted $1.03 earnings per share. California Water Service Group’s quarterly revenue was up 3.9% on a year-over-year basis.

CWT has been the subject of a number of other reports. Weiss Ratings reiterated a “hold (c)” rating on shares of California Water Service Group in a research report on Wednesday, October 8th. Robert W. Baird set a $55.00 price target on shares of California Water Service Group in a research note on Friday. Wall Street Zen raised shares of California Water Service Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Wells Fargo & Company reduced their target price on shares of California Water Service Group from $59.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $55.67.

California Water Service Group Stock Performance

NYSE CWT opened at $45.00 on Tuesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.53 and a quick ratio of 0.50. California Water Service Group has a 1-year low of $41.64 and a 1-year high of $52.71. The business has a 50 day simple moving average of $46.65 and a two-hundred day simple moving average of $46.80. The stock has a market capitalization of $2.68 billion, a PE ratio of 19.65, a P/E/G ratio of 2.25 and a beta of 0.68.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in shares of 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 worth $25,000 after acquiring an additional 531 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in California Water Service Group by 109.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 697 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 365 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in California Water Service Group in the 1st quarter worth about $34,000. Whittier Trust Co. bought a new stake in California Water Service Group in the second quarter worth about $36,000. Finally, Signaturefd LLC boosted its position in shares of California Water Service Group by 130.1% during the second quarter. Signaturefd LLC now owns 1,397 shares of the utilities provider’s stock valued at $64,000 after buying an additional 790 shares during the period. Institutional investors own 82.78% of the company’s stock.

California Water Service Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Monday, November 10th will be given a $0.30 dividend. The ex-dividend date is Monday, November 10th. This represents a $1.20 dividend on an annualized basis and a yield of 2.7%. California Water Service Group’s dividend payout ratio (DPR) is currently 52.40%.

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.