NYSE:CWT

California Water Service Group Holding Stock News

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$44.75
-0.590 (-1.30%)
At Close: Jun 03, 2026
California Water (CWT) second-quarter 2023 earnings and revenues decline year over year. Total operating expenses decrease during the same period.
California Water Service Group (CWT) came out with quarterly earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.36 per share a year a
Markets have been upbeat over the past couple of weeks as June inflation data raised hopes that the Fed might soon end its monetary tightening cycle.
California Water's (CWT) second-quarter 2023 earnings are likely to have benefited from new customer rates and lower operating expenses.
California Water Service's (CWT) unit, Washington Water, completes the acquisition of Stroh's Water Company, adding 900 new customers.
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SAN JOSE, Calif., July 06, 2023 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) announced on July 6, 2023 that its second quarter 2023 financial results will be released at 9:00 a.m. ET

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Investment and awareness of water utilities and federal government can improve the quality of water and wastewater infrastructure in the United States.
CWT is a Dividend King, with 55 consecutive years of dividend growth. CWT is essentially immune to recessions thanks to the essential nature of water. However, CWT is fully valued.

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California Water Service Group (CWT), with its acquisitions and investments in infrastructure, is poised to gain from rising demand. However, compliance with changing regulations is a concern.

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