California Water Servs Gr 株価情報 (NYSE: CWT)

最新ニュース California Water Servs Gr (NYSE:CWT) 株価情報

California Water Servs Gr

California Water Service Group is a U.S. water and utilities holding company based in California. The company engages in the production, treatment, storage, distribution, and sale of water for various uses. The firm operates through its subsidiaries, which can be divided between regulated and unregulated businesses. The regulated public utilities subsidiaries operate in California, New Mexico, Washington, and Hawaii. The unregulated subsidiaries provide water utility services to private companies and municipalities. The company derives the majority of its revenue from its operations in California and, overall, from residential customers.

California Water Service Group Common Stock

California Water Service Group

CLEARWAVE TELECOMM INC by Clearwave Telecommunications, Inc.

Clearwave Telecommunications Inc

News

Offerings

California Water Service Group Files For Common Stock Offering Of Up To $350M

Wells Fargo analyst Jonathan Reeder maintains California Water Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWT#NYSE">CWT</a>) with a Overweight and raises the price target from $54 to $59.

Price Target

Analyst Ratings

Wells Fargo Maintains Overweight on California Water Servs Gr, Raises Price Target to $59

California Water Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWT#NYSE">CWT</a>) reported quarterly earnings of $0.22 per share which beat the analyst consensus estimate of $0.15 by 46.67 percent. This is a 81.82 percent decrease over earnings of $1.21 per share from the same period last year. The company reported quarterly sales of $203.97 million which missed the analyst consensus estimate of $215.44 million by 5.32 percent. This is a 24.66 percent decrease over sales of $270.75 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

California Water Servs Gr Q1 Adj. EPS $0.22 Beats $0.15 Estimate, Sales $203.97M Miss $215.44M Estimate

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>B of A Securities analyst Kenneth Bruce upgraded the rating for American Express Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) from Neutral to Buy and lowered the price target from $325 to $274. American Express shares closed at $246.89 on Thursday. <a href="https://www.benzinga.com/quote/axp/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Goldman Sachs analyst Noah Poponak upgraded Huntington Ingalls Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HII#NYSE">HII</a>) from Sell to Buy and raised the price target from $145 to $234. Huntington Ingalls shares closed at $200.89 on Thursday. <a href="https://www.benzinga.com/quote/hii/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Goldman Sachs analyst Noah Poponak upgraded the rating for Northrop Grumman Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) from Sell to Neutral and raised the price target from $424 to $521. Northrop Grumman shares closed at $516.09 on Thursday. <a href="https://www.benzinga.com/quote/noc/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Seaport Global analyst Angie Storozynski upgraded California Water Service Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWT#NYSE">CWT</a>) from Neutral to Buy and announced a $54 price target. California Water shares closed at $48.50 on Thursday. <a href="https://www.benzinga.com/quote/cwt/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Goldman Sachs analyst Gavin Parsons upgraded the rating for Booz Allen Hamilton Holding Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAH#NYSE">BAH</a>) from Buy to Neutral and cut the price target from $150 to $109. Booz Allen Hamilton shares closed at $108.81 on Thursday.  <a href="https://www.benzinga.com/quote/BAH/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying NOC stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="592" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/11075525/image-80-1024x592.png" alt="" class="wp-image-867770" style="width:533px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/11075525/image-80-1024x592.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/11075525/image-80-300x173.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/11075525/image-80-768x444.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/11075525/image-80.png 1098w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44734419/top-2-real-estate-stocks-that-may-keep-you-up-at-night-this-month">Top 2 Real Estate Stocks That May Keep You Up At Night This Month</a> </li>
</ul>
Photo via Shutterstock

Upgrades

Pre-Market Outlook

Markets

Trading Ideas

This Northrop Grumman Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Friday

Seaport Global analyst Angie Storozynski upgrades California Water Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWT#NYSE">CWT</a>) from Neutral to Buy and announces $54 price target.

Seaport Global Upgrades California Water Servs Gr to Buy, Announces $54 Price Target

To enhance water safety and reliability for its customers and communities, California Water Service Group (Group) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWT#NYSE">CWT</a>) invested a record $471 million in capital improvements throughout its service areas in 2024. Infrastructure improvements completed last year exceeded the previous high investment recorded in 2023 by $87 million.
Group subsidiary California Water Service's annual Main Replacement Program, the largest portion of the company's infrastructure improvement plans, accounted for $156 million in completed projects. The company installed 189,135 feet of pipe, or nearly 36 miles, in 2024 through this program. Other notable infrastructure projects last year included:
<ul>
<li>124 storage and pressure tank replacements or retrofits to augment available water supplies and regulate fluctuations in water pressure.</li>
<li>110 water treatment facility improvements to continue meeting or surpassing all primary and secondary water quality standards.</li>
<li>27 Supervisory Control and Data Acquisition (SCADA) system upgrades to improve monitoring and efficient operation of facilities throughout the company's service areas.</li>
<li>26 generator and motor control center installations or replacements to help keep systems operating properly during both routine operations and power outages or shutoffs.</li>
</ul>

California Water Service Group Announces It Invested $471M in Capital Improvements Throughout Its Service Areas In 2024

California Water Servs Gr Q4 2024 GAAP EPS $0.33 Beats $0.14 Estimate, Sales $222.195M Beat $216.373M Estimate

At its meeting on January 29, 2025, the California Water Service Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWT#NYSE">CWT</a>) (Company) Board of Directors (Board) declared the company's 320th consecutive quarterly dividend in the amount of $0.30 per common share, this reflects an $0.08 annual increase that is expected to yield an annual dividend of $1.20. In addition, the Board declared a one-time special dividend in the amount of $0.04 per common share. Both the quarterly dividend and the special one-time dividend will be payable on February 21, 2025, to stockholders of record as of the close of business on February 10, 2025.

Dividends

California Water Service Group Increases Dividend From $0.28 To $0.30 Per Share; Announces Special One Time Dividend Of $0.04 Per Share

Wells Fargo analyst Jonathan Reeder upgrades California Water Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWT#NYSE">CWT</a>) from Equal-Weight to Overweight and lowers the price target from $56 to $52.

Wells Fargo Upgrades California Water Servs Gr to Overweight, Lowers Price Target to $52

BofA Securities analyst Ross Fowler initiated coverage on California Water Service Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWT#NYSE">CWT</a>) with a Buy rating and price forecast of $57, which<a target="_blank" href="https://www.benzinga.com/quote/CWT/analyst-ratings" rel="noreferrer noopener"> implies an upside potential of 17%.</a>
Per Fowler, the company is currently trading at the lowest valuation compared to other U.S. water utilities, even though its earnings outlook is improving and it has significant capital investment plans for 2025-2028. California Water also has extra financial capacity to increase capital spending if needed.
The analyst prefers a value-focused strategy within the water utility sector, believing that the premium prices for these stocks will eventually align with those of electric and gas utilities.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42444498/bank-of-america-raises-bullish-outlook-on-us-brokers-exchanges-alternative-investments-3-top-picks-for-2025" rel="noreferrer noopener">Bank Of America Raises Bullish Outlook On US Brokers, Exchanges, Alternative Investments: 3 Top Picks For 2025</a>
The analyst writes, California Water stands out as the most affordable U.S. water utility, trading at an 8% discount to the water utility sector and 19% below its closest competitor, American States Water Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWR#NYSE">AWR</a>).
The analyst notes that the improved earnings outlook and potential capital spending growth could drive the stock&#8217;s performance.
Fowler forecasts California Water&#8217;s EPS for 2025, 2026, and 2027 to be $2.34, $2.63, and $2.85, respectively, with slight deviations from consensus (-1.4%, +5.6%, -1.4%).
California Water&#8217;s 2024 rate case filing in California reveals significant deferred investments, with capital spending plans for 2025-2027 nearly double those from 2022-2024.
While there is a higher risk of disallowances, the analyst conservatively assumes 80% recovery (compared to 90%+ in other California cases), which still leads to an estimated 8%-10% EPS growth and over 10% growth in the rate base through 2027.
Per Fowler, cash flow is expected to improve due to the 2021 GRC, and the company will likely need $50 million to $100 million annually in equity to maintain about 55% equity capitalization, which is above the current authorized level.
Price Action: CWT shares are trading higher by 0.14% to $48.71 at last check Wednesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42421528/trumps-tariff-storm-3-survival-strategies-us-companies-are-using-to-fight-back" target="_blank" rel="noreferrer noopener">Trump&#8217;s Tariff Storm: 3 Survival Strategies US Companies Are Using To Fight Back</a></li>
</ul>
Image via Shutterstock.

Analyst Color

Equities

Initiation

Movers

General

This Water Utility Stock Trades At A Discount: Analyst

California Water Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWT#NYSE">CWT</a>) reported quarterly earnings of $1.03 per share which missed the analyst consensus estimate of $1.09 by 5.5 percent. The company reported quarterly sales of $299.563 million which beat the analyst consensus estimate of $289.550 million by 3.46 percent. This is a 17.49 percent increase over sales of $254.976 million the same period last year.

California Water Servs Gr Q3 2024 GAAP EPS $1.03 Misses $1.09 Estimate, Sales $299.563M Beat $289.550M Estimate

California has faced numerous wildfires in recent memory as <a href="https://www.benzinga.com/topic/climate-change">climate change-induced weather</a> wreaks havoc on the Golden State. Which companies could be affected by the <a href="https://www.benzinga.com/markets/equities/24/08/40112086/august-heat-wave-grips-us-12-stocks-to-watch-as-blistering-temperatures-affect-nearly-150-millio">ongoing Park Fire</a> in Northern California?
Park Fire Rundown: The Park fire, the largest wildfire currently burning in the U.S., has ravaged over 426,000 acres in Northern California, particularly within Lassen National Forest, according <a href="https://www.nytimes.com/2024/08/08/us/park-fire-california.html?partner=slack&amp;smid=sl-share">to</a> the New York Times.
The fire, ignited by an arson attack on July 24 near Chico in Butte County, has destroyed hundreds of homes and structures and was 34% contained as of Wednesday. 
The fire spread rapidly due to hot, dry conditions and dense vegetation. Due to the region&#8217;s rugged terrain, firefighters face difficulties in managing the fire. This fire has become the fourth largest in California history and could surpass the third-largest Mendocino Complex fire.
Experts attribute its intensity to climate change&#8217;s impact on California&#8217;s weather conditions. The hotter, drier climate extended and worsened wildfire seasons.
The fire is in a similar region to the deadly 2018 Camp Fire in Butte County.
Market Implications: California wildfires can negatively affect several companies, including those in the insurance, utilities and logistics industries.
Hanover Insurance Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) and Mercury General Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) each took hits in the aftermath of the 2018 Camp Fire.
It is unclear what PG&amp;E Corp&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>) exposure is to the Park Fire. The utility provider, which supplies electricity to the region, <a href="https://krcrtv.com/news/local/pge-restores-power-to-over-2000-customers-affected-by-the-park-fire">confirmed</a> that it left some customers without power. A failure in PG&amp;E&#8217;s electrical infrastructure caused the 2018 Camp Fire; the company <a href="https://www.benzinga.com/news/20/06/16327971/pg-e-bankruptcy-plan-gets-court-approval">later pleaded guilty</a> to the deaths of 84 victims of the fire.
Water utility firm California Water Service Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWT#NYSE">CWT</a>) operates in Chico and nearby Oroville.
Union Pacific Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) seemingly <a href="https://www.up.com/aboutup/reference/maps/system_map/index.htm">operates</a> railway lines close to the site of the fire. The lines connect Sacramento to the Pacific Northwest and Reno, Nevada.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/24/08/40224567/as-tropical-storm-debby-hits-south-carolina-bettors-predict-an-aggressive-hurricane-season-will-it-b">As Tropical Storm Debby Hits South Carolina, Bettors Predict An Aggressive Hurricane Season: Will It Be The Worst Ever?</a></li>
</ul>

Events

The Park Fire Rages On: Which Companies Could Be Affected By California's Fourth-Largest Wildfire Ever?

American States Water Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/awr#NYSE">AWR</a>) reported second-quarter 2024 operating earnings per share of 85 cents, which beat the Zacks Consensus Estimate of 84 cents by 1.2%.
<h3>Total Revenues</h3>
Operating revenues came in at $155.3 million, which outpaced the Zacks Consensus Estimate of $138 million by 12.6%. However, the top line declined 1.3% from $157.4 million reported in the prior-year period.
<div class="chart_embed">
<h3>American States Water Company Price, Consensus and EPS Surprise</h3>
<h3><a href="https://www.zacks.com/stock/chart/AWR/price-consensus-eps-surprise-chart?icid=chart-AWR-price-consensus-eps-surprise-chart"><img alt="American States Water Company Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/37/1723018375.png" style="height:282px; width:616px" title="" /></a></h3>
American States Water Company price-consensus-eps-surprise-chart | American States Water Company Quote
</div>
<h3>Highlights of the Release</h3>
Operating expenses in the quarter totaled $103.6 million, up 5.2% from the year-ago quarter&#39;s level of $98.5 million. This was due to higher water purchased for pumping expenses, administrative and general costs, and other operation costs.
Operating income totaled $51.7 million, down 12.2% from $58.9 million recorded in the corresponding period of 2023.
Interest expenses amounted to $13.1 million, up 22.5% year over year. Interest income totaled $2.1 million, up 16.1% year over year.
<h3>Segmental Details</h3>
Earnings from the Water segment came in at 67 cents per share, down 26.4% from 91 cents a year ago.
EPS from the Electric segment was 1 cent, down 2 cents from the year-ago quarter&#39;s level.
EPS from the Contracted Services segment was 19 cents, up 58.3% year over year.
The loss from AWR (Parent) was 2 cents per share, in line with the year-ago quarter&#39;s loss.
<h3>Financial Update</h3>
As of Jun 30, AWR&#39;s cash and cash equivalents totaled $3.6 million compared with $14.1 million as of Dec 31, 2023.
As of Jun 30, the company&#39;s long-term debt was $640 million compared with $575.6 million as of Dec 31, 2023.
In the first six months of 2024, cash provided by operating activities totaled $70.5 million compared with $17.8 million in the year-ago period.
<h3>Zacks Rank</h3>
American States Water currently has a Zacks Rank #3 (Hold).
<h3>Recent Releases</h3>
American Water Works Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/awk#NYSE">AWK</a>) posted second-quarter 2024 operating EPS of $1.42, which lagged the Zacks Consensus Estimate of $1.47 by 3.4%.
AWK&#39;s long-term (three-to-five years) earnings growth rate is 8%. The company delivered an average earnings surprise of 1.1% in the past four quarters.
California Water Service Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cwt#NYSE">CWT</a>) recorded second-quarter 2024 adjusted earnings of 70 cents per share, which surpassed the Zacks Consensus Estimate of 39 cents by 79.5%.
The Zacks Consensus Estimate for 2024 EPS reflects year-over-year growth of 257.1%. The company delivered an average earnings surprise of 125.4% in the past four quarters.
Essential Utilities Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wtrg#NYSE">WTRG</a>) delivered second-quarter 2024 operating EPS of 28 cents, which lagged the Zacks Consensus Estimate of 30 cents by 6.7%.
WTRG&#39;s long-term earnings growth rate is 5.75%. The Zacks Consensus Estimate for 2024 EPS reflects year-over-year growth of 5.9%.
<a href="https://www.zacks.com/stock/news/2318349/american-states-water-awr-q2-earnings-sales-top-estimates?cid=CS-BENZ-FT-analyst_blog|earnings_article-2318349">To read this article on Zacks.com click here.</a>

WTRG

American States Water Q2 Earnings & Sales Top Estimates

California Water Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWT#NYSE">CWT</a>) reported quarterly earnings of $0.70 per share which beat the analyst consensus estimate of $0.44 by 59.09 percent. The company reported quarterly sales of $244.30 which missed the analyst consensus estimate of $216.25 million by 100.00 percent. This is a 100.00 percent decrease over sales of $194.04 million the same period last year.

California Water Servs Gr Q2 2024 GAAP EPS $0.70 Beats $0.44 Estimate, Sales $244.30 Miss $216.25M Estimate

Wells Fargo analyst Jonathan Reeder upgrades California Water Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWT#NYSE">CWT</a>) from Underweight to Equal-Weight and raises the price target from $50 to $57.

Wells Fargo Upgrades California Water Servs Gr to Equal-Weight, Raises Price Target to $57

Southern Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/so#NYSE">SO</a>), one of the largest utilities in the United States, has joined forces with Singularity Energy, a cutting-edge tech platform, in a transformative partnership aimed at revolutionizing energy consumption insights.
This collaboration represents a significant step toward improving transparency and sustainability in the energy sector. It aims to provide customers with easy-to-understand information on their energy mix, including the hourly carbon footprint of their electricity consumption.
<h3>The Vision of Collaboration</h3>
SO, a pillar in the energy industry committed to sustainable practices, seeks to empower consumers with comprehensive data on their energy usage. On the other hand, Singularity Energy, renowned for its expertise in energy systems and carbon accounting, brings crucial capabilities to the table. Together, the companies aim to provide detailed insights into customers&#39; energy mixes, including real-time carbon footprint calculations.
<h3>Leveraging Expertise for Environmental Impact</h3>
Singularity Energy&#39;s platform integrates SO&#39;s extensive data on power plant operations and consumer energy patterns. This synergy allows for robust reporting that not only meets regulatory standards but also empowers consumers to make informed decisions about their environmental impact.
<h3>Southern Company&#39;s Commitment to Sustainability</h3>
A Leader in Clean Energy Technology: SO has positioned itself as a leader in clean energy innovation. By partnering with forward-thinking entities like Singularity Energy, SO highlights its dedication to delivering reliable, affordable and sustainable energy solutions.
Driving Toward Net-Zero Emissions: With a bold commitment to achieving net-zero greenhouse gas emissions by 2050, SO is leveraging clean energy sources and cutting-edge technologies. This strategic focus not only aligns with global sustainability goals but also enhances operational efficiency and customer satisfaction.
<h3>Addressing Customer Needs</h3>
Empowering Customers Through Transparency: The partnership with Singularity Energy enables Southern Company to bridge the gap between energy consumption and environmental impact. By getting clear insights into carbon footprints, customers can proactively manage and reduce their emissions.
Collaborative Initiatives With Government and Industry: SO&#39;s collaboration with the U.S. General Services Administration also exemplifies its proactive approach to sustainability. Together, these organizations are developing systems to monitor and report clean energy usage across federal facilities, setting a benchmark for public-private partnerships in the energy sector.
<h3>Conclusion</h3>
The collaboration between SO and Singularity Energy represents a key moment in the quest for sustainable energy solutions. By combining expertise in energy systems and software development, the companies are not only meeting current regulatory demands but also opening the way for a transparent and sustainable energy future.
<h3>Zacks Rank and Key Picks</h3>
Currently, SO carries a Zacks Rank #3 (Hold).
Investors interested in the utility&nbsp;sector might look at some better-ranked stocks like California Water Service Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cwt#NYSE">CWT</a>) and&nbsp;Primo Water Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/prmw#NYSE">PRMW</a>), each sporting a Zacks Rank #1 (Strong Buy) and Atmos Energy Corporation, holding a Zacks Rank #2 (Buy), at present.
California Water Service Group: CWT is worth approximately $2.83 billion. It currently pays a dividend of $1.12 per share, or 2.29%, on an annual basis.
CWT offers water utility and other related services in California, Washington, New Mexico, Hawaii and Texas. The company is involved 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 services.
Primo Water Corporation: Primo is a leading pure-play water solutions provider in North America and Europe. The company operates largely under a recurring razor/razorblade revenue model.
PRMW currently pays a dividend of 36 cents per share, or 1.7%, on an annual basis. In the past year, its shares have risen 61.3%.
Atmos Energy Corporation: ATO, together with its subsidiaries, engages in the regulated natural gas distribution and pipeline and storage businesses in the United States.
<div>
ATO operates through two segments Distribution and Pipeline and Storage. It currently pays a dividend of $3.22 per share, or 2.81%, on an annual basis.&nbsp;
</div>
<a href="https://www.zacks.com/stock/news/2297548/southern-so-singularity-partner-for-energy-transparency?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2297548">To read this article on Zacks.com click here.</a>

Tech

PRMW

Southern, Singularity Partner for Energy Transparency

Primo Water Corporation&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/prmw#NYSE">PRMW</a>) rising earnings estimates and organic customer growth make it a great investment in the utility sector. The increasing water demand will also boost the company&#39;s performance.
Currently, the company carries a Zacks Rank #2 (Buy). Let&#39;s look at the factors that are driving the stock.
<h3>Growth Projections</h3>
The Zacks Consensus Estimate for PRMW&#39;s 2024 and 2025 earnings per share increased nearly 8% and 2.8%, respectively, in the last 60 days.
The company&#39;s long-term (three to five years) earnings growth rate is 15.47%.
<h3>Surprise History, Dividend Details &amp; Share Repurchase</h3>
Primo Water has a positive earnings surprise history. Its trailing four-quarter earnings surprise is 3.18%, on average.
The company has consistently paid shareholders a cash dividend on its common stock since 2014. It increased its dividend 13 times in the past five years, and its payout has grown 9.72% over the same period. Its current dividend yield is 1.71%, which is better than the Zacks S&amp;P 500 composite&#39;s yield of 1.61%.
The company is also repurchasing its shares to increase shareholders&#39; value. It plans to repurchase shares worth $75 million in 2024 and has already purchased shares worth $9 million.
<h3>Liquidity</h3>
PRMW&#39;s current ratio is 2.13, better than the industry average of 1.11. The current ratio, being greater than one, indicates the company has enough short-term assets to meet its short-term obligations.
<h3>Investments</h3>
PRMW is making continuous investments to improve its infrastructure. The company invested $437.7 million between 2021 and 2023. It aims to invest $153.4 million in 2024.
<h3>Price Performance</h3>
Shares of Primo Water have gained 16.9% in the past three months compared with the industry&#39;s 1.1% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/21/70421.jpg?v=452585380" />
Image Source: Zacks Investment Research
<h3>Other Stocks to Consider</h3>
Other top-ranked stocks in the industry are California Water Service Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cwt#NYSE">CWT</a>), UGI Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ugi#NYSE">UGI</a>) and Fortis Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fts#NYSE">FTS</a>). California Water Service Group currently sports a Zacks Rank #1 (Strong Buy) while UGI and Fortis&nbsp; currently carry a Zacks Rank of 2.
California Water delivered an average earnings surprise of 85.16% in the last four quarters. The Zacks Consensus Estimate for earnings for 2024 earnings indicates year-on-year growth of 246.15%.
UGI delivered an average earnings surprise of 19.13% in the last four quarters. The consensus estimate for earnings for 2024 and 2025 has gone up 0.69% and 0.32% respectively, in the last 90 days.
Fortis delivered an average earnings surprise of 4.17% in the last four quarters. The Zacks Consensus Estimate for earnings for 2024 and 2025 indicates year-over-year growth of 2.19% and 2.66%, respectively.
<a href="https://www.zacks.com/stock/news/2297345/reasons-to-add-primo-water-prmw-to-your-portfolio-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2297345">To read this article on Zacks.com click here.</a>

Reasons to Add Primo Water to Your Portfolio Now

Southern Company&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/so#NYSE">SO</a>) largest electric subsidiary, Georgia Power, is collaborating on energy efficiency through a $72 million utility energy service contract (UESC) with the U.S. Army Garrison Fort Eisenhower. This initiative aims to enhance the energy efficiency, resiliency and greenhouse gas reduction at the 55,000-acre military installation near Augusta, GA.
<h3>What is a Utility Energy Service Contract?</h3>
The UESC is a limited-source acquisition between a federal agency and a serving utility for energy management services. This contract focuses on improving the overall efficiency of buildings and mechanical equipment at a given location. In this case, SO&#39;s subsidiary, Georgia Power, alongside PowerSecure (another SO&#39;s subsidiary), will lead the improvements at Fort Eisenhower to reduce energy costs by $6 million annually.
<h3>Key Improvements Under the UESC</h3>
Replacement of Diesel Generation Infrastructure: One of the most critical upgrades in this project is replacing the aging diesel generation infrastructure with new natural gas generation systems. This transition is expected to provide more reliable and sustainable power to Fort Eisenhower while significantly reducing its carbon footprint.
Energy Savings From Lighting Retrofits: The project will involve comprehensive lighting retrofits across the installation. By upgrading to modern, energy-efficient lighting systems, Fort Eisenhower will not only save on energy costs but also improve the overall lighting quality in various facilities.
Heating and Air Conditioning Replacement: Another major component of the UESC is the replacement of outdated heating and air conditioning systems. New, energy-efficient heating, ventilation, and air conditioning (HVAC) systems will be installed to ensure better climate control and reduce energy consumption.
Water Conservation Measures: Water conservation is another key focus of this project. Various measures will be implemented to reduce water usage, further contributing to the overall energy savings and sustainability goals of Fort Eisenhower.
<h3>Expected Outcomes and Benefits</h3>
Significant Cost Savings: The energy improvements coordinated by Georgia Power and PowerSecure are anticipated to save $6 million energy costs yearly. These savings should help to fund the initial investment and ensure the long-term sustainability of the project.
Enhanced Energy Resiliency: By upgrading the energy infrastructure, Fort Eisenhower will benefit from increased energy resiliency. The new natural gas generation systems and other improvements will provide more reliable power, ensuring that the military installation can continue its operations without disruptions.
Reduction in Greenhouse Gas Emissions: The shift from diesel to natural gas generation, along with other energy efficiency measures, will significantly reduce greenhouse gas emissions. This reduction aligns with broader environmental goals and supports Fort Eisenhower&#39;s commitment to sustainability.
<h3>Broader Implications for Georgia Power and Southern Company</h3>
Strengthening Energy Infrastructure: This project is the largest UESC in Georgia Power&#39;s history and highlights the company&#39;s commitment to enhancing energy infrastructure. By investing in advanced technologies and sustainable practices, Georgia Power is setting a benchmark for future projects.
Supporting Military and Community Goals: Georgia Power&#39;s collaboration with the U.S. Army Garrison Fort Eisenhower highlights the company&#39;s dedication to supporting military and community goals. By improving energy efficiency and sustainability at the military installation, it is contributing to the broader mission of the U.S. Army and the well-being of the local community.
Long-term Environmental Impact: The successful implementation of this UESC will have long-term environmental benefits. By reducing energy consumption and greenhouse gas emissions, Georgia Power is helping to create a more sustainable future for Fort Eisenhower and the surrounding areas.
<h3>Conclusion</h3>
The $72 million utility energy service contract between SO&#39;s major electric subsidiary and the U.S. Army Garrison Fort Eisenhower represents a significant step forward in energy efficiency and sustainability. Through comprehensive upgrades to lighting, HVAC systems, water conservation measures and the replacement of diesel generation infrastructure, this project will provide substantial cost savings, enhance energy resiliency and reduce greenhouse gas emissions. This collaboration not only benefits Fort Eisenhower but also sets a precedent for future energy projects by Georgia Power and Southern Company.
<h3>Zacks Rank and Key Picks</h3>
Currently, SO carries a Zacks Rank #3 (Hold).
Investors interested in the utility&nbsp;sector might look at some better-ranked stocks like California Water Service Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cwt#NYSE">CWT</a>), sporting a Zacks Rank #1 (Strong Buy) and Primo Water Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/prmw#NYSE">PRMW</a>) and Atmos Energy Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ato#NYSE">ATO</a>), eachholding a Zacks Rank #2 (Buy), at present.
California Water Service Group: CWT is worth approximately $2.8 billion. It currently pays a dividend of $1.12 per share, or 2.31%, on an annual basis.
CWT offers water utility and other related services in California, Washington, New Mexico, Hawaii and Texas. The company is involved 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 services.
Primo Water Corporation: Primo is a leading pure-play water solutions provider in North America and Europe. The company operates largely under a recurring razor/razorblade revenue model.
PRMW currently pays a dividend of 36 cents per share, or 1.65%, on an annual basis. In the past year, its shares have risen 75.1%.
Atmos Energy Corporation: ATO, together with its subsidiaries, engages in the regulated natural gas distribution and pipeline and storage businesses in the United States.
<div>
ATO operates through two segments, Distribution and Pipeline and Storage. It currently pays a dividend of $3.22 per share, or 2.76%, on an annual basis.&nbsp;
</div>
<a href="https://www.zacks.com/stock/news/2296168/southern-s-so-division-signs-landmark-uesc-with-u-s-army?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2296168">To read this article on Zacks.com click here.</a>

Southern's Division Signs Landmark UESC With U.S. Army

Expectations of multiple interest rate cuts in 2024 had faded long back and now the Federal Reserve has almost assured that it isn&#39;t going to happen anymore.
On Jun 12, Federal Reserve Chairman Jerome Powell said in the post-FOMC meeting statement that the central bank sees the possibility of only a single rate cut this year, sharply down from three rate cuts hinted earlier this year.
This came as the Federal Reserve kept interest rates unchanged in its June FOMC meeting in its current range of 5.25-5.5%.
Although inflation slowed somewhat in April and maintained its declining pace in May, the Federal Reserve maintains a hawkish stance as it is still sharply higher than the Fed&#39;s 2% target. Powell acknowledged that inflation has declined sharply over the past year but remains elevated.
Powell&#39;s comments didn&#39;t impact investors much as it was expected that the Federal Reserve would keep interest rates unchanged. Also, markets started pricing in a single 25 basis point rate cut this year over the past few weeks. In fact, several economists predicted no rate cuts this year.
Also, the latest &quot;dot plot&quot; from the FOMC meeting suggested a potential total rate cut of 1% by 2025. Consequently, the terminal rate of the Fed funds rate is currently projected to reach 4.1% by the end of 2025.
However, the Federal Reserve&#39;s forecast for the long-term interest rate, which serves as a benchmark that neither stimulates nor constrains growth, has been revised up to 2.8% from an earlier projection of 2.6%. This indicates that Fed officials are leaning toward a perspective of maintaining higher interest rates for a longer period.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<h3>Our Picks</h3>
Given this situation, it would be wise to invest in defensive stocks like utilities and consumer staples. Five such stocks are Atmos Energy Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ato#NYSE">ATO</a>), Pinnacle West Capital Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pnw#NYSE">PNW</a>), California Water Service Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cwt#NYSE">CWT</a>) Utz Brands, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/utz#NYSE">UTZ</a>) and PepsiCo, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pep#NASDAQ">PEP</a>).
Also, these stocks belong to the category of low-beta stocks (beta greater than 0 but less than 1). Hence, the recommended approach is to invest in low-beta stocks with a high-dividend yield and a favorable Zacks Rank. Each of the stocks has a Zacks Rank #1 (Strong Buy) or 2 (Buy).
Atmos Energy Corporation, along with its subsidiaries, is engaged in the regulated natural gas distribution and storage business. ATO serves nearly 3.4 million customers in more than 1,400 communities in eight states, from the Blue Ridge Mountains in the East to the Rocky Mountains in the West. Atmos Energyoperates more than 72,000 miles of transmission and distribution lines as well as 5,700 miles of interstate pipelines.
Atmos Energy has an expected earnings growth rate of 9.2% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.9% over the last 60 days. ATO presently has a Zacks Rank #2. Atmos Energy has a beta of 0.67 and a current dividend yield of 2.77%.
Pinnacle West Capital Corporation provides electricity services (wholesale or retail) in the state of Arizona through its subsidiaries. PNW is involved in the generation, transmission and distribution of electricity from coal, nuclear, gas, oil and solar.
Pinnacle West Capital Corporation&#39;s has an expected earnings growth rate of 8.2% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.2% over the last 60 days. PNW currently carries a Zacks Rank #2. Pinnacle West Capital Corporation has a beta of 0.50 and a current dividend yield of 4.59%.
California Water Service Group is one of the largest investor-owned water utilities in the United States. CWT has six subsidiaries &mdash; California Water Service, Washington Water Service Company, New Mexico Water Service Company, Hawaii Water Service Company, CWS Utility Services and HWS Utility Services.
California Water Service Group has an expected earnings growth rate of 246.2% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 40% over the last 60 days. CWT currently carries a Zacks Rank #1. California Water Service Group has a beta of 0.48 and a current dividend yield of 2.34%.
Utz Brands, Inc. manufactures a diverse portfolio of salty snacks under popular brands including Utz, Zapp&#39;s, Golden Flake, Good Health, Boulder Canyon, Hawaiian Brand) and TORTIYAHS!. UTZ, formerly known as Collier Creek, is based in New York, United States
Utz Brands has an expected earnings growth rate of 26.3% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 5.9% over the last 60 days. UTZ currently carries a Zacks Rank #2. Utz Brands has a beta of 0.99 and a current dividend yield of 1.29%.
PepsiCo, Inc. is one of the leading global food and beverage companies. PEP&#39;s complementary brands/businesses include Frito-Lay snacks, Pepsi-Cola beverages, Gatorade sports drinks, Tropicana juices and Quaker foods. PepsiCo serves customers in more than 200 countries and territories.
PepsiCo has an expected earnings growth rate of 7.1% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.1% over the last 60 days. PEP currently has a Zacks Rank #2. PepsiCo has a beta of 0.52 and a current dividend yield of 3.31%.
<a href="https://www.zacks.com/stock/news/2288323/5-low-beta-stocks-to-buy-as-fed-indicates-one-rate-cut-in-2024?cid=CS-BENZ-FT-analyst_blog|investment_ideas-2288323">To read this article on Zacks.com click here.</a>

Small Cap

Federal Reserve

5 Low-Beta Stocks to Buy as Fed Indicates One Rate Cut in 2024

A new SEC filing reveals that Gregory E Aliff, Director at California Water Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWT#NYSE">CWT</a>), made a notable insider purchase on June 7,.
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001035201/000112760224018091//Archives/edgar/data/1035201/000112760224018091/0001127602-24-018091-index.htm">U.S. Securities and Exchange Commission</a> on Friday unveiled that Aliff made a notable purchase of 2,488 shares of California Water Servs Gr, valuing at $123,454.
During Friday's morning session, California Water Servs Gr shares down by 1.43%, currently priced at $48.52.
<h3>Delving into California Water Servs Gr's Background</h3>
California Water Service Group is a U.S. water and utilities holding company based in California. The company engages in the production, treatment, storage, distribution, and sale of water for various uses. The firm operates through its subsidiaries, which can be divided between regulated and unregulated businesses. The regulated public utilities subsidiaries operate in California, New Mexico, Washington, and Hawaii. The unregulated subsidiaries provide water utility services to private companies and municipalities. The company derives the majority of its revenue from its operations in California and, overall, from residential customers.
<h3>California Water Servs Gr's Financial Performance</h3>
Revenue Growth: Over the 3 months period, California Water Servs Gr showcased positive performance, achieving a revenue growth rate of 106.52% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Utilities sector.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: The company excels with a remarkable gross margin of 64.59%, indicating superior cost efficiency and profitability compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): California Water Servs Gr's EPS outshines the industry average, indicating a strong bottom-line trend with a current EPS of 1.21.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.91, California Water Servs Gr adopts a prudent financial strategy, indicating a balanced approach to debt management.
Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 19.53, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 3.03 is below industry norms, suggesting potential undervaluation and presenting an investment opportunity for those considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio of 13.1 trails industry averages, indicating a potential disparity in market valuation that could be advantageous for investors.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Delving Into the Significance of Insider Transactions</h3>
Emphasizing the importance of a comprehensive approach, considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Navigating the World of Insider Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates grant, award or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001035201">Check Out The Full List Of California Water Servs Gr's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Director Of California Water Servs Gr Makes $123K Buy

Management

Press Releases

California Water Service Group Announces Addition of Kris A. Hamner as Vice President, Chief Human Resource Officer

California Water Service Group Invests $471 Million in Infrastructure in 2024 to Make Water Systems Safer, More Resilient

California Water Service Group Named a Top Workplace in the USA

California Water Service Group Named One of "America's Most Trustworthy Companies" by Newsweek

California Water Service Group Schedules 2025 First-Quarter Earnings Results Announcement and Conference Call

California Water Service Group Earns Spot on USA Today's 2025 List of America's Climate Leaders

California Water Service Group Board of Directors Declares 321st Consecutive Quarterly Dividend

California Water Service Group Reports First Quarter 2025 Results

Hawaii Public Utilities Commission Sets New Rates for Hawaii Water Service to Help Keep Ka'anapali Water System Safe and Reliable

Economics

California Water Service Group Details Progress to Reduce Environmental Footprint, Enhance Corporate Citizenship in 2024 Sustainability Report

Artesian Resources Corporation - Class A Non-Voting Common Stock

Artesian Resources

American Water Works Company, Inc. Common Stock

American Water Works Co

American States Water Company Common Stock

American States Water

Cadiz

Consolidated Water Co. Ltd. - Ordinary Shares

Consolidated Water Co

Global Water Resources, Inc. - common stock

Global Water Resources

H2O America

Middlesex Water

Pure Cycle

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp American Depositary Shares (Each repstg 250 Common Shares)

Comments

California Water Servs Gr

ニュース

最新ニュース California Water Servs Gr (NYSE:CWT) 株価情報

こんな人も見ています

ニュース

パートナーシップ

ベンジンガ・グローバル