Latest news with #CWT
Yahoo
30-05-2025
- Business
- Yahoo
California Water to Acquire Casa Loma Water and Palm Mutual Water Utility Assets
The main subsidiary of California Water Service Group (NYSE:CWT), California Water Service (Cal Water), has signed contracts to buy the water utility assets of Palm Mutual Water Company and Casa Loma Water Company. An aerial view of an expansive reservoir and surrounding landscape supplying the utility's water. Casa Loma is located three miles from Cal Water's Bakersfield Operations Center and provides service to roughly 900 residents through 248 customer connections. Palm Mutual serves 63 residential clients and is situated two miles from Cal Water's Northeast Bakersfield Treatment Plant. The approval of the California Public Utilities Commission and other closing requirements are still pending for both purchases. California Water Service Group (NYSE:CWT)'s Cal Water already has an intertie with the Casa Loma system, which enables uninterrupted water delivery following acquisition. Cal Water intends to improve system infrastructure and add new connections. Palm Mutual is currently supplied by a Cal Water master meter because it does not have its own water supply sources. Cal Water plans to improve service quality by investing in infrastructure renovations. CEO Martin A. Kropelnicki of California Water Service Group (NYSE:CWT) stressed customer safety and service excellence, commenting: 'We look forward to providing our new customers the high level of service we provide to our other Bakersfield customers.' Cal Water employs 1,200 people who are dedicated to honesty, sustainability, and infrastructure, and it provides services to 2.1 million people through around 500,000 connections. While we acknowledge the potential of CWT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CWT and that has 100x upside potential, check out our report about this READ NEXT: and . Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-05-2025
- Business
- Yahoo
California Water Service Group: Q1 Earnings Snapshot
SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — California Water Service Group Holding (CWT) on Thursday reported first-quarter net income of $13.3 million. On a per-share basis, the San Jose, California-based company said it had profit of 22 cents. The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share. The water utility posted revenue of $204 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on CWT at Sign in to access your portfolio
San Francisco Chronicle
01-05-2025
- Business
- San Francisco Chronicle
California Water Service Group: Q1 Earnings Snapshot
SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — California Water Service Group Holding (CWT) on Thursday reported first-quarter net income of $13.3 million. On a per-share basis, the San Jose, California-based company said it had profit of 22 cents. The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share. _____
Hindustan Times
01-05-2025
- Hindustan Times
SLPRB Assam Police Constable Results 2025 declared at slprbassam.in, direct link to download here
State Level Police Recruitment Board (SLPRB) Assam has declared the results of the Combined Written Test (CWT) for Constable (UB & AB) and equivalent posts. Candidates who appeared in the examination can check their result on the official website at To check the result, candidates will need to enter their Application Number, Name, and Date of Birth. Notably, the written test for Constable and equivalent posts was held on April 6. Following this, the board had released the answer key and said candidates who wanted to obtain scanned copies of their OMR answer sheets could download it on the payment of ₹50. Also read: AHSEC 12th Result 2025: Assam HS results declared at direct link here Along with the answer key, the board had also shared question papers of all four sets. Candidates were allowed to raise objections against the provisional answer key on the same portal on the payment of ₹500 per question. Also read: CBSE Results 2025 News: Know important credentials to be kept ready, websites to check 10th, 12th marks when out Qualifying candidates will now have to appear for the next round of examinations. The admit cards for the exams will be available from 11 AM of May 5 on the official website of SLPRB. Also read: Kerala SSLC Result 2025 Date: Kerala Board 10th results releasing on May 9, websites to check Candidates can follow the steps mentioned below to download the results on the official website: For more related details, candidates are advised to visit the official website.
Yahoo
06-04-2025
- Business
- Yahoo
California Water Service Group (CWT): Among the Best Dividend Kings to Buy for Safe Dividend Growth
We recently published a list of the 12 Best Dividend Kings to Buy For Safe Dividend Growth. In this article, we are going to take a look at where California Water Service Group (NYSE:CWT) stands against other best dividend kings. The importance of dividend stocks cannot be denied, even in today's market environment, which is dominated by AI stocks. The S&P Dividend Aristocrats Index, which tracks the performance of companies with at least 25 consecutive years, is down by over 4% since the start of 2025, compared with a much harsher decline of 13% in the broader market. Dividend stocks become increasingly popular when companies grow their payouts regularly. Historically, dividend growth stocks have performed better than their peers and have shown less volatility. The dividend growth track records, backed by solid fundamentals, offer reliable investment options to income investors. According to a report by Nuveen, dividend growth stocks have outperformed other asset classes with less risk. The report revealed that companies with strong dividend growth streaks delivered an annual average return of over 10% between 1973 to 2024, as compared to a 4.2% return of non-dividend paying stocks. During this period, dividend cutters delivered a nearly -2% return. Though dividend stocks also do not come with a promise and can also fluctuate, these stocks have made significant contributions to the market's overall return over the decades. According to a report by Hartford Funds, dividends and reinvested dividends represented nearly 40% of the market's return from 1930 to 2024, with capital appreciation making up the rest. The report also highlighted their significance when the economy was in the trenches. The data mentioned that during the 1940s, 1960s, and 1970s, the total returns were lower than 10%, however, dividends represented a larger portion of the market's performance. According to Jerome Powell, inflation in the US is likely to ramp up because of the President's sweeping tariffs. Here are some comments from Powell: 'We face a highly uncertain outlook with elevated risks of both higher unemployment and higher inflation. While tariffs are highly likely to generate at least a temporary rise in inflation, it is also possible that the effects could be more persistent.' While this presents an overall uncertain environment for an investment landscape, dividend investors are in the catbird seat, as dividend stocks have historically been successful in protecting capital against inflation. WisdomTree reported that from 1957 through 2023, dividends have grown by an average of 5.7%, compared with a 3.67% growth in inflation. The report also mentioned that over the past 68 years, dividend payouts have only decreased in six years, and in just one of those years, they dropped by more than 5%. In comparison, stock prices experienced declines in 18 years during the same period, with the worst drop exceeding 40% and an average decline of more than 11%. Stock prices have proven to be more than twice as volatile as the underlying dividend cash flows. This is because market sentiment often causes short-term fluctuations in stock prices, whereas dividend cash flows, which reflect the company's long-term value, are less volatile. Given this, we will take a look at some of the best dividend kings for safe dividend growth. An aerial view of an expansive reservoir and surrounding landscape supplying the utility's water. For this article, we scanned the list of dividend kings, which are the companies that have raised their payouts for 50 years or more. From that list, we picked 12 companies with the highest 5-year annual average dividend growth rates. The stocks are ranked in ascending order of their annual average dividend growth in the past five years. At Insider Monkey, we are obsessed with hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). 5-Year Average Annual Dividend Growth Rate: 7.21% California Water Service Group (NYSE:CWT) is an American public utility company, headquartered in California. The company offers drinking water and wastewater services. In Q4 2024, the company reported revenue exceeding $222 million, marking a 4% increase compared to the same period a year earlier. This growth was supported by higher rates, which added $24.2 million to the top line. A key highlight for the quarter was the submission of the 2024 California General Rate Case (GRC), outlining planned investments to support a reliable and sustainable water supply for customers. Operating expenses rose to $189.9 million, up $10.6 million from $179.3 million in the prior-year quarter. The cost of water production increased by $3.4 million to $73.7 million, mainly due to higher wholesale rates and greater consumption. California Water Service Group (NYSE:CWT) continues to demonstrate financial strength and a commitment to shareholder returns. On January 29, the company announced a 7.1% increase to its quarterly dividend, raising it to $0.30 per share. This was the company's 58th consecutive year of dividend growth, which makes it one of the best dividend kings on our list. In the past five years, the company has raised its payouts at an annual average rate of 7.21%. As of April 4, the stock has a dividend yield of 2.48%. Overall, CWT ranks 10th on our list of the best dividend kings for safe dividend growth. While we acknowledge the potential of CWT as an investment, our conviction lies in the belief that some deeply undervalued dividend stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued dividend stock that is more promising than CWT but that trades at 10 times its earnings and grows its earnings at double digit rates annually, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at . Sign in to access your portfolio
