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)
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
8-K
Cal Water Receives Proposed Decision and Alternate Proposed Decision on 2021 General Rate Case
29 Jan 24
8-K
Declares 316TH Consecutive Quarterly Dividend
26 Jan 24
8-K
California Water Service Group Announces Appointment of
4 Jan 24
8-K
California Water Service Group Announces Election of Jeffrey Kightlinger to Board of Directors
27 Oct 23
10-Q
2023 Q3
Quarterly report
26 Oct 23
8-K
California Water Service Group Announces Third Quarter 2023 Results
26 Oct 23
Transcripts
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
CWT
Earnings call transcript
2021 Q4
24 Feb 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 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
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 | |
---|---|---|---|---|---|
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) | 41.09 mm | 22.12 mm | n/a | n/a | n/a | n/a |
Cash remaining | 27.96 mm | 46.93 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 4.1 | 12.7 | 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, Lowers Price Target to $52
1 Mar 24
Recap: California Water Servs Gr Q4 Earnings
29 Feb 24
California Water Servs Gr Earnings Preview
28 Feb 24
Aligning Strategies with Market Realities: California Water Servs Gr Addresses Performance Pressure for Investor Benefit during Decreased ProfitsCalifornia Water Servs Gr: Weathering Market Challenges with Steady Dividends
23 Feb 24
California Water Service Group Announces Appointment Of James P. Lynch To Senior Vice President, Chief Financial Officer, And Treasurer, Effective January 3, 2024
4 Jan 24
Press releases
California Water Service Group Announces Science-Aligned Greenhouse Gas Emissions Reduction Target
18 Mar 24
California Water Service Group Schedules 2023 Full-Year and Fourth-Quarter Earnings Results Announcement and Conference Call
8 Feb 24
California Water Service Group Donates More than $1.5 Million to Local Community Organizations in 2023
31 Jan 24
Cal Water Receives Proposed Decision and Alternate Proposed Decision on 2021 General Rate Case
26 Jan 24
California Water Service Group Board of Directors Declares 316th Consecutive Quarterly Dividend and 57th Consecutive Annual Dividend Increase
25 Jan 24