What is Seaport Res Ptn’s Forecast for CWT FY2026 Earnings?

California Water Service Group (NYSE:CWT) – Stock analysts at Seaport Res Ptn issued their FY2026 earnings per share (EPS) estimates for shares of California Water Service Group in a research note issued to investors on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski forecasts that the utilities provider will post earnings per share of $2.56 for the year. The consensus estimate for California Water Service Group’s current full-year earnings is $3.29 per share.

California Water Service Group (NYSE:CWT) last issued its quarterly earnings results on Thursday, October 31st. The utilities provider reported $1.03 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.02). California Water Service Group had a return on equity of 13.24% and a net margin of 19.56%. The business had revenue of $299.60 million during the quarter, compared to the consensus estimate of $289.55 million. During the same quarter last year, the firm posted $0.60 earnings per share. California Water Service Group’s revenue was up 17.5% compared to the same quarter last year.

Other equities research analysts also recently issued research reports about the company. StockNews.com upgraded California Water Service Group from a “sell” rating to a “hold” rating in a research report on Wednesday. Bank of America began coverage on California Water Service Group in a research report on Wednesday, December 11th. They issued a “buy” rating and a $57.00 price target for the company. Finally, Wells Fargo & Company upgraded California Water Service Group from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $56.00 to $52.00 in a report on Tuesday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $53.25.

California Water Service Group Stock Down 2.5 %

CWT stock opened at $43.26 on Wednesday. The firm has a market cap of $2.57 billion, a PE ratio of 12.50 and a beta of 0.52. California Water Service Group has a 12 month low of $42.31 and a 12 month high of $56.25. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.64 and a quick ratio of 0.60. The firm has a 50 day simple moving average of $48.53 and a 200 day simple moving average of $51.22.

California Water Service Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.28 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.12 annualized dividend and a yield of 2.59%. California Water Service Group’s dividend payout ratio (DPR) is presently 32.37%.

Insider Activity

In other California Water Service Group news, VP Michael B. Luu sold 985 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $51.50, for a total value of $50,727.50. Following the transaction, the vice president now owns 20,354 shares in the company, valued at $1,048,231. The trade was a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.73% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On California Water Service Group

Several large investors have recently made changes to their positions in the company. Blue Trust Inc. lifted its stake in California Water Service Group by 255.6% in the third quarter. Blue Trust Inc. now owns 505 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 363 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of California Water Service Group by 50.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,236 shares of the utilities provider’s stock valued at $67,000 after purchasing an additional 413 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in California Water Service Group in the second quarter worth $85,000. nVerses Capital LLC acquired a new position in California Water Service Group during the third quarter worth $119,000. Finally, CWM LLC raised its holdings in California Water Service Group by 129.1% during the third quarter. CWM LLC now owns 3,090 shares of the utilities provider’s stock valued at $168,000 after buying an additional 1,741 shares in the last quarter. Institutional investors own 82.78% of the company’s stock.

California Water Service Group Company Profile

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.