Last $22.81 USD
Change Today +0.28 / 1.24%
Volume 111.3K
CWT On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 04/16/14 All times are local (Market data is delayed by at least 15 minutes).

california water service grp (CWT) Snapshot

Open
$22.69
Previous Close
$22.53
Day High
$22.82
Day Low
$22.57
52 Week High
03/21/14 - $24.60
52 Week Low
05/2/13 - $18.54
Market Cap
1.1B
Average Volume 10 Days
115.0K
EPS TTM
$0.98
Shares Outstanding
47.8M
EX-Date
02/6/14
P/E TM
23.3x
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.

1,125 Employees
Last Reported Date: 02/27/14
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
Vice President of Engineering & Water Quality
Total Annual Compensation: $349.6K
Compensation as of Fiscal Year 2013.

california water service grp (CWT) Key Developments

California Water Service Group Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013; Provides Capital Expenditure Guidance for 2014

California Water Service Group reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported operating revenue of $133,700,000 against $121,530,000 for the same period in the last year. Net operating income was $11,648,000 against $11,253,000 for the same period in the last year. Net income was $5,666,000 or $0.12 per basic and diluted share against $5,006,000 or $0.12 per basic and diluted share for the same period in the last year. For the year, the company reported operating revenue of $584,103,000 against $559,966,000 for the same period in the last year. Net operating income was $74,005,000 against $73,843,000 for the same period in the last year. Net income was $47,254,000 or $1.02 per basic and diluted share against $48,828,000 or $1.17 per basic and diluted share for the same period in the last year. Earnings per share reflect the issuance of 5.75 million shares of the company's common stock in March of 2013. Net income for 2013 was reduced $2.7 million due to the California Public Utilities Commission's (CPUC's) mandated reduction in its authorized return on equity in January 2013, and by a non-recurring benefit in 2012 of $1.6 million due to the reversal of a 2011 WRAM deferral. The company’s net utility plan at the end of the year is $1.516 billion, as compared to $1.457 billion in 2012. The company added $116 million in company-funded CapEx. The company’s target for 2013 was $110 million to $130 million. The company is estimating to range from $110 million to $130 million for company-funded CapEx in 2014. The company expects a tax rate between 39% and 41% for 2014, as discussed in the third quarter.

California Water Service Group Appoints Terry P. Bayer to the Board of Directors, Effective March 1, 2014

California Water Service Group announced the election of Terry P. Bayer, 63, to the company's Board of Directors, effective March 1, 2014. As Chief Operating Officer of Molina Healthcare Inc., Bayer brings more than 30 years of healthcare management experience to the position. As Chief Operating Officer, Bayer is responsible for operational oversight of Molina Healthcare's health plans in eleven states, as well as provider payment and customer services.

California Water Service Group, Q4 2013 Earnings Call, Feb 27, 2014

California Water Service Group, Q4 2013 Earnings Call, Feb 27, 2014

 

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CWT Competitors

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Company Last Change
American States Water Co $30.91 USD +0.14
Connecticut Water Service Inc $32.38 USD +0.11
Middlesex Water Co $20.80 USD +0.37
SJW Corp $28.70 USD +0.26
York Water Co $20.65 USD +0.15
View Industry Companies
 

Industry Analysis

CWT

Industry Average

Valuation CWT Industry Range
Price/Earnings 22.1x
Price/Sales 1.8x
Price/Book 1.8x
Price/Cash Flow 10.2x
TEV/Sales 1.0x
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Post a JobJobs

  • Torrance, CA | California Water Service Company (cal Water)
    Posted: Apr 04
  • San Jose, CA | California Water Service Group
    Posted: Apr 05
  • San Jose, CA | California Water Service Company (cal Water)
    Posted: Apr 04
  • Lahaina, HI | California Water Service Company (cal Water)
    Posted: Mar 21
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