California Water Service Group Holding Stock News

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California Water Service has seen a decline in its valuation and is now trading at a lower multiple compared to other water companies. The company's decline in revenue and earnings is primarily due to

California Water (CWT) is expected to further benefit from systematic investments and expansion through acquisitions.

California Water (CWT) makes a strong case for investment, given its growth prospects, debt position and ability to increase shareholders' value.

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

"There is only one-criterion to be included among the Dividend Kings: a publicly-traded company must increase its total fiscal-year dividend-payout for a minimum of 50 consecutive-years."--Dogs of the

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.

So far, the stock market has seemingly shrugged off fears of default if the U.S. debt ceiling is not raised. But intelligent investors may want to play it safe with dividend stocks.