California Water Service Stock Today
| CWT Stock | USD 46.23 0.78 1.72% |
Performance1 of 100
| Odds Of DistressLess than 33
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California Water is selling for under 46.23 as of the 23rd of April 2024; that is 1.72 percent increase since the beginning of the trading day. The stock's last reported lowest price was 45.49. California Water has about a 33 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for California Water Service are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 31st of October 2022 and ending today, the 23rd of April 2024. Click here to learn more.
Business Domain Utilities | IPO Date 26th of March 1990 |
California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, Hawaii, and Texas. The company was founded in 1926 and is headquartered in San Jose, California. California Water operates under UtilitiesRegulated Water classification in the United States and is traded on New York Stock Exchange. The company has 57.75 M outstanding shares of which 1.2 M shares are currently shorted by investors with about 3.42 days to cover. More on California Water Service
Moving together with California Stock
| 0.63 | WTRG | Essential Utilities Financial Report 13th of May 2024 | PairCorr |
| 0.62 | AWR | American States Water Financial Report 8th of May 2024 | PairCorr |
California Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. California Water's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding California Water or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Martin Kropelnicki | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Water Utilities, Utilities - Regulated Water, Utilities, NYSE Composite, Stock Exchange Of, SP Small-Cap 600, SET Total Return, Basic Utilities, Utilities, Water Utilities, Utilities—Regulated Water, Utilities (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering California Water report their recommendations after researching California Water's financial statements, talking to executives and customers, or listening in on California Water's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering California Water Service. The California consensus assessment is calculated by taking the average forecast from all of the analysts covering California Water. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of California Water's profitability, liquidity, and operating efficiency, California Water Service is doing better financially then in previous quarter. It has a moderate probability of reporting better financial numbers in May. Financial strength of California Water Service is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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California Water's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to California Water's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand California Water's financial leverage. It provides some insight into what part of California Water's total assets is financed by creditors.
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California Water Service (CWT) is traded on New York Stock Exchange in USA. It is located in 1720 North First Street, San Jose, CA, United States, 95112-4598 and employs 1,266 people. California Water is listed under Water Utilities category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 2.62 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate California Water's market, we take the total number of its shares issued and multiply it by California Water's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. California Water Service runs under Water Utilities sector within Utilities industry. The entity has 57.75 M outstanding shares of which 1.2 M shares are currently shorted by investors with about 3.42 days to cover.
California Water Service has about 62.1 M in cash with 217.82 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.66.
Check California Water Probability Of Bankruptcy
Ownership AllocationCalifornia Water holds a total of 57.75 Million outstanding shares. The majority of California Water Service outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in California Water Service to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in California Water. Please pay attention to any change in the institutional holdings of California Water Service as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check California Ownership Details
California Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of California Water jumping above the current price in 90 days from now is about 42.16%. The California Water Service probability density function shows the probability of California Water stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.2056 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, California Water will likely underperform. Additionally, california Water Service has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of California Water to move above the current price in 90 days from now is about 42.16 (This California Water Service probability density function shows the probability of California Stock to fall within a particular range of prices over 90 days) .
California Stock Institutional Holders
Institutional Holdings refers to the ownership stake in California Water that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of California Water's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing California Water's value.| Instituion | Recorded On | Shares | |
| Amvescap Plc. | 2023-12-31 | 874.5 K | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 740.9 K | |
| Deprince Race & Zollo Inc | 2023-12-31 | 670.6 K | |
| Kbc Group Nv | 2023-12-31 | 654.3 K | |
| First Trust Advisors L.p. | 2023-12-31 | 621.8 K | |
| Bank Of New York Mellon Corp | 2023-12-31 | 621.6 K | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 613.6 K | |
| Legal & General Group Plc | 2023-12-31 | 596.9 K | |
| Norges Bank | 2023-12-31 | 551.6 K | |
| Blackrock Inc | 2023-12-31 | 10.7 M | |
| Vanguard Group Inc | 2023-12-31 | 7 M |
California Water Historical Income Statement
California Water Service Income Statement is one of the three primary financial statements used for reporting California's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of California Water Service revenue and expense. California Water Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, California Water's Net Income Applicable To Common Shares is comparatively stable compared to the past year. Non Operating Income Net Other is likely to gain to about 14.4 M in 2024, whereas Net Income is likely to drop slightly above 38.4 M in 2024. View More FundamentalsCalifornia Stock Against Markets
Picking the right benchmark for California Water stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in California Water stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for California Water is critical whether you are bullish or bearish towards California Water Service at a given time. Please also check how California Water's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in California Water without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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California Water Corporate Directors
California Water corporate directors refer to members of a California Water board of directors. The board of directors generally takes responsibility for the California Water's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of California Water's board members must vote for the resolution. The California Water board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Scott Morris | Independent Director | Profile | |
| Linda Meier | Independent Director | Profile | |
| Patricia Wagner | Independent Director | Profile | |
| Terry Bayer | Independent Director | Profile |
How to buy California Stock?
Before investing in California Water, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in California Water. To buy California Water stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of California Water. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase California Water stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located California Water Service stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased California Water Service stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as California Water Service, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy California Stock please use our How to Invest in California Water guide.
Already Invested in California Water Service?
The danger of trading California Water Service is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of California Water is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than California Water. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile California Water Service is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether California Water Service is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if California Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about California Water Service Stock. Highlighted below are key reports to facilitate an investment decision about California Water Service Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in California Water Service. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Complementary Tools for California Stock analysis
When running California Water's price analysis, check to measure California Water's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy California Water is operating at the current time. Most of California Water's value examination focuses on studying past and present price action to predict the probability of California Water's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move California Water's price. Additionally, you may evaluate how the addition of California Water to your portfolios can decrease your overall portfolio volatility.
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Is California Water's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of California Water. If investors know California will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about California Water listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.469 | Dividend Share 1.04 | Earnings Share 0.91 | Revenue Per Share 13.953 | Quarterly Revenue Growth 0.068 |
The market value of California Water Service is measured differently than its book value, which is the value of California that is recorded on the company's balance sheet. Investors also form their own opinion of California Water's value that differs from its market value or its book value, called intrinsic value, which is California Water's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because California Water's market value can be influenced by many factors that don't directly affect California Water's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between California Water's value and its price as these two are different measures arrived at by different means. Investors typically determine if California Water is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, California Water's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.