california water service company (cal water) is the largest subsidiary of the california water service group. cal water is the largest investor-owned american water utility west of the mississippi river and the third largest in the country. formed in 1926, the san jose-based company serves more than 472,000 customers through 28 customer and operations centers throughout the state.
Company profile
Ticker
CWT
Exchange
Website
CEO
Martin Kropelnicki
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
California Water Service Company • New Mexico • Washington Water Service Company • Hawaii Water Service Company, Inc. • HWS Utility Services LLC • TWSC, Inc. ...
IRS number
770448994
CWT stock data
Latest filings (excl ownership)
10-Q
2024 Q1
Quarterly report
25 Apr 24
8-K
California Water Service Group’s First Quarter 2024 Financial Results Benefit from
25 Apr 24
8-K
Declares 317TH Consecutive Quarterly Dividend
24 Apr 24
ARS
2023 FY
Annual report to shareholders
17 Apr 24
DEF 14A
Definitive proxy
17 Apr 24
8-K
Cal Water Secures $83 Million in Additional State Funding to Relieve Customers
9 Apr 24
8-K
California Public Utilities Commission Adopts Decision on California Water Service’s 2021 General Rate Case and Infrastructure Improvement Plan
11 Mar 24
10-K
2023 FY
Annual report
29 Feb 24
8-K
California Water Service Group Announces 2023 Earnings for Year and Fourth Quarter
29 Feb 24
8-K
Regulation FD Disclosure
6 Feb 24
Transcripts
CWT
Earnings call transcript
2024 Q1
25 Apr 24
CWT
Earnings call transcript
2023 Q4
29 Feb 24
CWT
Earnings call transcript
2023 Q3
26 Oct 23
CWT
Earnings call transcript
2023 Q2
27 Jul 23
CWT
Earnings call transcript
2023 Q2
27 Jul 23
CWT
Earnings call transcript
2023 Q1
27 Apr 23
CWT
Earnings call transcript
2022 Q4
2 Mar 23
CWT
Earnings call transcript
2022 Q3
28 Oct 22
CWT
Earnings call transcript
2022 Q2
29 Jul 22
CWT
Earnings call transcript
2022 Q1
30 Apr 22
Latest ownership filings
4/A
Gregory E Aliff
18 Mar 24
4/A
Shelly Marian Esque
18 Mar 24
4/A
Thomas M Krummel
18 Mar 24
4/A
Yvonne Aida Maldonado
18 Mar 24
4/A
SCOTT L MORRIS
18 Mar 24
4/A
Carol M Pottenger
18 Mar 24
4/A
Lester A Snow
18 Mar 24
4/A
Patricia K Wagner
18 Mar 24
4/A
Ronald D Webb
18 Mar 24
4/A
Elissa Y Ouyang
18 Mar 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
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Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 69.05 mm | 69.05 mm | 69.05 mm | 69.05 mm | 69.05 mm | 69.05 mm |
Cash burn (monthly) | 6.87 mm | 3.70 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 47.50 mm | 25.57 mm | n/a | n/a | n/a | n/a |
Cash remaining | 21.55 mm | 43.48 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 3.1 | 11.8 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
81.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 266 |
Opened positions | 25 |
Closed positions | 39 |
Increased positions | 101 |
Reduced positions | 90 |
13F shares | Current |
---|---|
Total value | 2.22 tn |
Total shares | 47.07 mm |
Total puts | 14.40 k |
Total calls | 2.00 k |
Total put/call ratio | 7.2 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 10.62 mm | $502.53 bn |
Vanguard | 7.10 mm | $335.88 bn |
STT State Street | 3.40 mm | $161.03 bn |
T. Rowe Price Investment Management | 2.68 mm | $126.89 bn |
Nuance Investments | 2.18 mm | $102.94 bn |
Amundi | 1.61 mm | $76.30 bn |
Impax Asset Management | 1.57 mm | $74.31 bn |
Dimensional Fund Advisors | 1.24 mm | $58.57 bn |
Geode Capital Management | 1.17 mm | $55.39 bn |
IVZ Invesco | 1.10 mm | $51.87 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
7 Mar 24 | Shawn C Bunting | Common Stock | Payment of exercise | Dispose F | No | No | 46.24 | 203 | 9.39 k | 2,476 |
7 Mar 24 | Elissa Y Ouyang | Common Stock | Payment of exercise | Dispose F | No | No | 46.24 | 235 | 10.87 k | 11,144.79 |
7 Mar 24 | Greg A Milleman | Common Stock | Payment of exercise | Dispose F | No | No | 46.24 | 234 | 10.82 k | 9,128.55 |
7 Mar 24 | Thomas A Scanlon | Common Stock | Payment of exercise | Dispose F | No | No | 46.24 | 107 | 4.95 k | 2,907 |
7 Mar 24 | Martin A Kropelnicki | Common Stock | Payment of exercise | Dispose F | No | No | 46.24 | 1,365 | 63.12 k | 129,421 |
News
Baird Maintains Outperform on California Water Servs Gr, Raises Price Target to $55
26 Apr 24
California Water Servs Gr Q1 EPS $1.21 Beats $0.36 Estimate, Sales $270.75M Beat $183.85M Estimate
25 Apr 24
California Water Service Reports CPUC Dismissal Of Request To Include Capital Costs In Its PFAS Balancing Account; Reaffirms Commitment To Investing An Estimated $215M In PFAS Treatment
18 Apr 24
California Water Service Group Utilities Prepared To Comply With New PFAS Regulations
10 Apr 24
American Water's (AWK) Unit to Invest $2.5M in System Upgrade
5 Apr 24
Press releases
California Water Service Group Board of Directors Declares 317th Consecutive Quarterly Dividend and 57th Consecutive Annual Dividend Increase
24 Apr 24
California Water Service Group Moving Forward to Install PFAS Treatment Despite CPUC Dismissal of Request to Track Capital Costs in Pre-Approved Memorandum Account
18 Apr 24
California Water Service Districts Already Treating for Chromium-6, Will Meet New State Water Quality Standard
17 Apr 24
California Water Service Group Utilities Prepared to Comply with New PFAS Regulations
10 Apr 24
Cal Water Secures $83 Million in Additional State Funding to Relieve Customers of Past-Due Balances Accumulated During Pandemic
9 Apr 24