Last $23.00 USD
Change Today -0.17 / -0.73%
Volume 129.7K
CWT On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 6:40 PM 09/23/14 All times are local (Market data is delayed by at least 15 minutes).

california water service grp (CWT) Snapshot

Open
$23.16
Previous Close
$23.17
Day High
$23.23
Day Low
$23.00
52 Week High
07/1/14 - $24.78
52 Week Low
09/23/13 - $19.34
Market Cap
1.1B
Average Volume 10 Days
130.5K
EPS TTM
$0.98
Shares Outstanding
47.8M
EX-Date
08/7/14
P/E TM
23.5x
Dividend
$0.65
Dividend Yield
2.82%
Current Stock Chart for CALIFORNIA WATER SERVICE GRP (CWT)

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california water service grp (CWT) Details

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii. The company is engaged 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. It provides its services to approximately 475,100 customers in 83 California communities; 4,200 water and wastewater customers on the islands of Maui and Hawaii; 16,000 customers in the Tacoma and Olympia areas in Washington; and 7,600 water and wastewater customers in the Belen, Los Lunas, and Elephant Butte areas in New Mexico. The company is also involved in the non-regulated water-related services, including operating water and waste water systems; providing operating and maintenance, meter reading, and billing services to municipalities and private companies; leasing communication antenna sites on its properties to telecommunication companies; operating recycled water systems; providing lab services for water quality testing; billing of third-party insurance programs to its residential customers; and offering sewer and refuse billing services to various municipalities. California Water Service Group was founded in 1926 and is headquartered in San Jose, California.

1,128 Employees
Last Reported Date: 07/31/14
Founded in 1926

california water service grp (CWT) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $601.3K
Chief Financial Officer, Vice President and T...
Total Annual Compensation: $359.6K
Vice President of Operations
Total Annual Compensation: $195.9K
Vice President of Legal & Corporate Developme...
Total Annual Compensation: $408.8K
Compensation as of Fiscal Year 2013.

california water service grp (CWT) Key Developments

California Water Service Group Appoints Ronald D. Webb as Vice President of Human Resources

California Water Service Group announced the selection of Ronald D. Webb as Vice President of Human Resources, effective August 11, 2014. Previously, Webb served as Managing Director, Human Resources Partner for United Airlines.

California Water Service Group Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Capex Guidance for the Year 2014

California Water Service Group announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company net income of $17.2 million or $0.36 per basic and diluted common share for the second quarter of 2014, compared to net income of $13.5 million or $0.28 per basic and diluted common share for the second quarter of 2013. Included in the second quarter of 2014 operating results is a $2.5 million or $0.05 per diluted common share non-recurring tax benefit. Revenue for the second quarter of 2014 was $158.4 million, compared to revenue of $154.6 million in second quarter 2013, in part due to higher estimated unbilled revenue. The unbilled revenue increase resulted from higher consumption at the end of the quarter which is not included in the water revenue adjustment mechanism (WRAM). Net operating income was $23,292,000 compared to $20,783,000 for the same period last year. Net operating income was $23.292 million against $20.783 million a year ago. For the six months, the company reported net income of $11.694 million or $0.24 per basic and diluted share compared to $12.437 million or $0.28 per basic and diluted share a year ago. Operating revenue was $268.931 million against $265.999 million a year ago. Net operating income was $24,444,000 compared to $26,553,000 for the same period last year. The year-to-year decrease in earnings per share is partially attributable to the dilutive effect of the stock offering that the company completed in March of 2013. Capex was $53 million year-to-date. Net operating income was $24.444 million against $26.553 million a year ago. The company still plans to meet its capex target of $110 million to $130 million for the calendar year 2014.

California Water Service Group Declares 278Th Consecutive Quarterly Dividend Payable on August 22, 2014

California Water Service Group Board of Directors declared the company's 278(th) consecutive quarterly dividend in the amount of $0.1625 per common share. It will be payable on August 22, 2014, to stockholders of record on August 11, 2014.

 

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CWT Competitors

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Industry Analysis

CWT

Industry Average

Valuation CWT Industry Range
Price/Earnings 23.8x
Price/Sales 1.9x
Price/Book 1.9x
Price/Cash Flow 10.3x
TEV/Sales 1.0x
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