Research Analysts Set Expectations for CWT Q2 Earnings

California Water Service Group (NYSE:CWT) – Research analysts at Zacks Research upped their Q2 2026 earnings per share (EPS) estimates for California Water Service Group in a research report issued on Monday, January 12th. Zacks Research analyst Team now forecasts that the utilities provider will post earnings per share of $0.69 for the quarter, up from their previous forecast of $0.66. The consensus estimate for California Water Service Group’s current full-year earnings is $3.15 per share. Zacks Research also issued estimates for California Water Service Group’s Q4 2026 earnings at $0.39 EPS, Q1 2027 earnings at $0.27 EPS, Q2 2027 earnings at $0.72 EPS, Q3 2027 earnings at $1.32 EPS and Q4 2027 earnings at $0.32 EPS.

California Water Service Group (NYSE:CWT) last released its quarterly earnings data on Thursday, October 30th. The utilities provider reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.17). The business had revenue of $311.24 million during the quarter, compared to analysts’ expectations of $321.35 million. California Water Service Group had a return on equity of 8.23% and a net margin of 13.61%.The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 EPS.

A number of other research firms also recently issued reports on CWT. Robert W. Baird set a $55.00 price target on shares of California Water Service Group in a research note on Friday, October 31st. Weiss Ratings reissued a “hold (c)” rating on shares of California Water Service Group in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, California Water Service Group currently has a consensus rating of “Buy” and a consensus target price of $55.00.

California Water Service Group Trading Up 2.2%

NYSE:CWT opened at $44.59 on Tuesday. The company has a 50-day moving average price of $44.39 and a 200-day moving average price of $45.67. California Water Service Group has a 12 month low of $41.29 and a 12 month high of $51.63. The company has a current ratio of 0.55, a quick ratio of 0.52 and a debt-to-equity ratio of 0.65. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 19.47, a P/E/G ratio of 1.97 and a beta of 0.64.

California Water Service Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Monday, November 10th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.7%. California Water Service Group’s dividend payout ratio (DPR) is currently 52.40%.

Institutional Trading of California Water Service Group

A number of hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of California Water Service Group in the 2nd quarter worth approximately $30,757,000. Amundi boosted its holdings in California Water Service Group by 19.4% in the third quarter. Amundi now owns 2,276,599 shares of the utilities provider’s stock worth $104,318,000 after acquiring an additional 369,430 shares in the last quarter. Millennium Management LLC grew its stake in shares of California Water Service Group by 5,365.1% in the third quarter. Millennium Management LLC now owns 368,074 shares of the utilities provider’s stock worth $16,891,000 after acquiring an additional 361,339 shares during the last quarter. Jane Street Group LLC bought a new position in shares of California Water Service Group during the first quarter valued at $5,979,000. Finally, Adage Capital Partners GP L.L.C. purchased a new position in shares of California Water Service Group in the 2nd quarter worth about $4,548,000. 82.78% of the stock is owned by institutional investors.

About California Water Service Group

California Water Service Group (NYSE: CWT) is a publicly traded holding company that provides regulated water utility services through its subsidiaries. The company delivers safe, reliable drinking water and wastewater management to residential, commercial, industrial and municipal customers across California, Hawaii and New Mexico. Its principal operating units include California Water Service, New Mexico Water Service and Hawaii Water Service, each responsible for end‐to‐end water supply operations—from source development and treatment to distribution and customer service.

Founded in 1926 as the California Water Service Company, the group has grown to become one of the largest investor‐owned water utilities in the United States by customer count.