California Water Service Group Holding Stock News

SAN JOSE, Calif., Dec. 07, 2021 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE:CWT) today announced the promotion of Kenneth G. Jenkins to Chief Water Resource Sustainability Officer, effective Jan. 1, 2022. In this critically important role, Jenkins will lead efforts to augment water supplies in the face of worsening droughts and other climate change challenges.

SAN JOSE, Calif., Dec. 07, 2021 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE:CWT) today announced the promotion of Sophie M. James to Chief Water Quality Officer, effective Jan. 1, 2022, creating an officer-level position dedicated solely to ensuring the company fulfills its responsibility for meeting or surpassing all state and federal drinking water standards.

Backed by a positive estimate revision, regular investments to strengthen its operations and demand from the expanding customer base, California Water Service (CWT) seems a lucrative option.

California Water Service Group (NYSE:CWT) was the target of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 497,200 shares, a drop of 31.3% from the October 31st total of 724,200 shares. Based on an average daily volume of 221,800 shares, the days-to-cover ratio []

California Water Service Group with ticker code (CWT) have now 6 analysts covering the stock with the consensus suggesting a rating of ''Hold''. The range between the high target price and low target price is between 68 and 43 and has a mean target at 57.83. Given that the stocks previous close was at 62.95 this now indicates there is a potential downside of -8.1%. The 50 day MA is 61.31 while the 200 day moving average is 59.32. The company has a market capitalisation of $3,384m. You can visit the company''s website by visiting: /> [stock_market_widget type="chart" symbol="CWT" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii. It 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.

Bank of America Corp DE cut its position in shares of California Water Service Group (NYSE:CWT) by 14.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 142,394 shares of the utilities providers stock after selling 23,945 shares during the quarter. Bank of America []

Bank of America Corp DE lowered its position in California Water Service Group (NYSE:CWT) by 14.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 142,394 shares of the utilities providers stock after selling 23,945 shares during the period. Bank []

California Water Service Group found using ticker (CWT) have now 6 analysts covering the stock. The analyst consensus points to a rating of ''Hold''. The target price ranges between 68 and 43 calculating the mean target price we have 57.83. Now with the previous closing price of 67.11 this would imply there is a potential downside of -13.8%. The 50 day moving average now sits at 60.91 and the 200 moving average now moves to 59.2. The market cap for the company is $3,531m. Find out more information at: /> [stock_market_widget type="chart" symbol="CWT" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii. It 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. The company offers its services to approximately 492,600 customer connections in 100 California communities; approximately 5,300 water and wastewater customer connections on the islands of Maui and Hawaii; approximately 36,600 customer connections in the Tacoma, Olympia, Graham, Spanaway, Puyallup, and Gig Harbor areas; and approximately 8,500 water and wastewater customer connections in the Belen, Los Lunas, Indian Hills, and Elephant Butte areas in New Mexico.

Five stocks are likely to gain from the Biden administration's infrastructure development legislation. These are; NUE, QCOM, CWT, CR, and CMC.

California Water (CWT) posts better-than-expected results for the third quarter. However, both the top and the bottom line decline year over year.

California Water Service Group's (CWT) CEO Martin Kropelnicki on Q3 2021 Results - Earnings Call Transcript

SAN JOSE, Calif., Oct. 07, 2021 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) today announced that its third quarter 2021 earnings results will be released at 9:00 a.m. ET with its co

SAN JOSE, Calif., Oct. 06, 2021 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) has been named a Great Place to Work for the sixth year in a row by the Great Place to Work® Ins

SAN JOSE, Calif., Oct. 04, 2021 (GLOBE NEWSWIRE) -- California Water Service (Cal Water) announced today it has opened its Firefighter Grant Program's 2021 cycle, increasing the amount it will provide

California Water's (CWT) subsidiary completes the replacement work of a water main in Bodfish to improve the supply of water for its customers as well as firefighters.