CWT Stock Summary and Trading Ideas (California Water Servs Gr | NYSE:CWT)

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 May 1, 2024, CWT stock price climbed to $49.83 with 193,389 million shares trading.

CWT has a beta of 0.49, meaning it tends to be less sensitive to market movements. CWT has a correlation of 0.07 to the broad based SPY ETF.

CWT has a market cap of $2.88 billion. This is considered a Mid Cap stock.

Last quarter California Water Servs Gr reported $271 million in Revenue and $1.21 earnings per share. This beat revenue expectation by $87 million and exceeded earnings estimates by $.85.

In the last 3 years, CWT stock traded as high as $72.08 and as low as $43.50.

The top ETF exchange traded funds that CWT belongs to (by Net Assets): IJR, VTI, VB, IWM, FVD.

CWT stock has underperformed the market in the last year with a return of -8.2%, while SPY returned +22.0%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in CWT shares. However, CWT has outperformed the market in the last 3 month and 2 week periods, returning +9.1% and +12.8%, while SPY returned +2.6% and 0.0%, respectively. This indicates CWT has been having a stronger performance recently.

CWT support price is $48.33 and resistance is $49.91 (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.