California Water Service Group $CWT Shares Acquired by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lifted its position in California Water Service Group (NYSE:CWT) by 76.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 78,417 shares of the utilities provider’s stock after purchasing an additional 33,852 shares during the quarter. Wedge Capital Management L L P NC’s holdings in California Water Service Group were worth $3,815,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of CWT. Danske Bank A S purchased a new stake in California Water Service Group in the third quarter valued at approximately $28,000. EverSource Wealth Advisors LLC raised its position in California Water Service Group by 109.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 697 shares of the utilities provider’s stock worth $32,000 after buying an additional 365 shares during the last quarter. Versant Capital Management Inc lifted its stake in California Water Service Group by 228.2% during the 2nd quarter. Versant Capital Management Inc now owns 676 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 470 shares during the period. Bessemer Group Inc. lifted its stake in California Water Service Group by 67.9% during the 1st quarter. Bessemer Group Inc. now owns 744 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 301 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in shares of California Water Service Group in the 3rd quarter valued at $44,000. Institutional investors and hedge funds own 82.78% of the company’s stock.

Wall Street Analyst Weigh In

CWT has been the topic of a number of research reports. Robert W. Baird set a $54.00 price objective on shares of California Water Service Group in a research note on Friday, May 1st. Seaport Research Partners restated a “buy” rating and set a $53.00 target price on shares of California Water Service Group in a research report on Wednesday. Weiss Ratings raised shares of California Water Service Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 4th. Finally, Wall Street Zen raised California Water Service Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $54.00.

Key California Water Service Group News

Here are the key news stories impacting California Water Service Group this week:

• Positive Sentiment: Zacks raised its fiscal 2026 EPS estimate to $2.61 from $2.56 and its fiscal 2027 forecast to $2.72 from $2.71. The fiscal 2026 estimate is also above the broader consensus of $2.55, suggesting modestly improved full-year expectations. California Water Service Group estimates
• Neutral Sentiment: Zacks increased Q4 2026 EPS expectations to $0.39 from $0.37 and Q2 2027 expectations to $0.83 from $0.75, while maintaining forecasts for several other periods. The revisions indicate uneven earnings expectations rather than a broad change in the company’s outlook.
• Negative Sentiment: Zacks lowered estimates for Q3 2026 EPS to $1.22 from $1.33, Q1 2027 EPS to $0.26 from $0.31, Q3 2027 EPS to $1.31 from $1.37, and Q1 2028 EPS to $0.31 from $0.35. These cuts to multiple future quarters could weigh on sentiment, particularly because utilities are valued partly on the stability and predictability of earnings.

California Water Service Group Trading Up 0.6%

California Water Service Group stock opened at $50.26 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 0.81. California Water Service Group has a 12 month low of $41.29 and a 12 month high of $53.82. The stock’s 50 day simple moving average is $48.87 and its two-hundred day simple moving average is $46.30. The firm has a market cap of $3.11 billion, a PE ratio of 22.64, a P/E/G ratio of 1.77 and a beta of 0.50.

California Water Service Group (NYSE:CWT) last posted its earnings results on Thursday, July 30th. The utilities provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.13. California Water Service Group had a net margin of 12.63% and a return on equity of 7.74%. The firm had revenue of $308.60 million during the quarter, compared to analyst estimates of $283.50 million. During the same period in the previous year, the firm earned $0.71 EPS. The business’s quarterly revenue was up 16.5% on a year-over-year basis. Analysts anticipate that California Water Service Group will post 2.57 earnings per share for the current year.

California Water Service Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Monday, August 10th will be given a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 2.7%. The ex-dividend date is Monday, August 10th. California Water Service Group’s dividend payout ratio (DPR) is currently 60.36%.

Insider Buying and Selling at California Water Service Group

In other California Water Service Group news, Director Lester A. Snow sold 1,100 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $44.00, for a total value of $48,400.00. Following the completion of the transaction, the director owned 18,316 shares in the company, valued at approximately $805,904. This represents a 5.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Thomas M. Krummel sold 3,700 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $43.30, for a total transaction of $160,210.00. Following the sale, the director directly owned 23,805 shares in the company, valued at approximately $1,030,756.50. The trade was a 13.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.78% of the stock is currently owned by company insiders.

California Water Service Group Company Profile

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.