28-Mar-2024
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Globe Newswire (Thu, 28-Mar 4:15 PM ET)
California Water Service Group Announces Science-Aligned Greenhouse Gas Emissions Reduction Target
Globe Newswire (Mon, 18-Mar 4:15 PM ET)
Globe Newswire (Mon, 11-Mar 9:00 AM ET)
California Water Service Group Announces 2023 Earnings for Year and Fourth Quarter
Globe Newswire (Thu, 29-Feb 9:00 AM ET)
Globe Newswire (Thu, 8-Feb 5:20 PM ET)
Globe Newswire (Wed, 31-Jan 4:15 PM ET)
Cal Water Receives Proposed Decision and Alternate Proposed Decision on 2021 General Rate Case
Globe Newswire (Fri, 26-Jan 7:30 PM ET)
Globe Newswire (Thu, 25-Jan 5:28 PM ET)
Globe Newswire (Tue, 16-Jan 6:15 PM ET)
Globe Newswire (Thu, 11-Jan 4:15 PM ET)
California Water Service Group is a U.S. water and utilities holding company based in California. The company engages in the production, treatment, storage, distribution, and sale of water for various uses. The firm operates through its subsidiaries, which can be divided between regulated and unregulated businesses. The regulated public utilities subsidiaries operate in California, New Mexico, Washington, and Hawaii. The unregulated subsidiaries provide water utility services to private companies and municipalities. The company derives the majority of its revenue from its operations in California and, overall, from residential customers.
California Water Servs Gr trades on the NYSE stock market under the symbol CWT.
As of March 28, 2024, CWT stock price declined to $46.48 with 229,241 million shares trading.
CWT has a beta of 0.55, meaning it tends to be less sensitive to market movements. CWT has a correlation of 0.08 to the broad based SPY ETF.
CWT has a market cap of $2.68 billion. This is considered a Mid Cap stock.
Last quarter California Water Servs Gr reported $215 million in Revenue and $.52 earnings per share. This fell short of revenue expectation by $-59 million and missed earnings estimates by -$.72.
In the last 3 years, CWT stock traded as high as $72.08 and as low as $44.83.
The top ETF exchange traded funds that CWT belongs to (by Net Assets): IJR, VTI, VB, IWM, SDY.
CWT has underperformed the market in the last year with a price return of -16.4% while the SPY ETF gained +33.6%. CWT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -10.7% and -1.2%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
CWT support price is $45.89 and resistance is $47.45 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CWT stock will trade within this expected range on the day.