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California Water Service Group - CWT STOCK NEWS

Welcome to our dedicated news page for California Water Service Group (Ticker: CWT), a resource for investors and traders seeking the latest updates and insights on California Water Service Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect California Water Service Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of California Water Service Group's position in the market.

News
California Water Service Group Schedules 2023 Full-Year and Fourth-Quarter Earnings Results Announcement and Conference Call
Rhea-AI Summary
California Water Service Group (CWT) announced the release of its 2023 full-year and fourth-quarter earnings results, with an earnings conference call scheduled for February 29, 2024. The call will be hosted by Chairman, President, and CEO Martin A. Kropelnicki, along with other key executives. Interested investors can attend the live audio webcast or access the replay through the provided links and phone numbers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.71%
Tags
earnings
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News
California Water Service Group Donates More than $1.5 Million to Local Community Organizations in 2023
Rhea-AI Summary
California Water Service Group (CWT) contributed $1.56 million in 2023 to charitable organizations and first responders, allocating 22% to at-risk communities, 22% to community improvement, 14% to support emergency services, and 13% for educational grants. The company also provided in-kind services and matched employee charitable donations up to $250 per employee per year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.46%
Tags
none
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News
Cal Water Receives Proposed Decision and Alternate Proposed Decision on 2021 General Rate Case
Rhea-AI Summary
California Water Service Group (CWT) is currently reviewing the proposed decision and alternate proposed decision issued by the California Public Utilities Commission (CPUC) Administrative Law Judges in relation to the 2021 General Rate Case. The decisions are available for review on the CPUC's website, and parties involved may submit comments by February 13, 2024. The Commission may consider the proposals on March 7, 2024, with the potential for adoption, amendment, or postponement. The final decision, once adopted, will be retroactive to January 1, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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News
California Water Service Group Board of Directors Declares 316th Consecutive Quarterly Dividend and 57th Consecutive Annual Dividend Increase
Rhea-AI Summary
California Water Service Group (CWT) declared its 316th consecutive quarterly dividend, increasing the annual dividend by 7.7% to $1.12. The quarterly dividend of $0.26 per common share will be payable on February 23, 2024 to stockholders of record as of February 12, 2024. The company provides water and wastewater services to over 2.1 million people in California, Hawaii, New Mexico, Washington, and Texas.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.96%
Tags
management dividends
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News
California Water Service Group Opens 11th Annual College Scholarship Program Offering $80,000 in Awards
Rhea-AI Summary
California Water Service Group (CWT) is offering $80,000 in scholarships for the 2024-2025 academic year to residents living in areas served by its California, Hawaii, New Mexico, and Washington subsidiaries. Eligible applicants must plan to enroll in a full-time undergraduate study program at an accredited college, university, or vocational-technical school. Scholarships will be awarded based on academic achievement, community service, and financial need. The program is administered by Scholarship America, a 501(c)(3) non-profit organization, and is part of the Group's stockholder-funded philanthropic giving program.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.65%
Tags
none
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News
AB 2339 & AB 850 Help City of Willows Sell Water System Assets to Local Water Utility California Water Service
Rhea-AI Summary
California Water Service (Cal Water) recently acquired the municipal water system assets of the City of Willows, facilitated by California Assembly Bills 2339 and 850. The acquisition, completed in late December 2023, allowed Cal Water to extend its service area, providing high-quality service to the entire Willows community.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.79%
Tags
none
News
California Water Service Group Announces Appointment of James P. Lynch to Senior Vice President, Chief Financial Officer, and Treasurer
Rhea-AI Summary
California Water Service Group (CWT) has appointed James P. Lynch as Senior Vice President, Chief Financial Officer, and Treasurer, effective January 3, 2024. Mr. Lynch brings over 22 years of experience in the water utility industry, including 12 years at SJW Group and 14 years as an Audit Partner at KPMG, LLP. His appointment was the result of an extensive nation-wide search, and he is expected to ensure a smooth transition in the company's fiscal year 2023 financial reporting.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.32%
Tags
management
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News
California Water Service Launches 10th Annual Classroom Conservation Program
Rhea-AI Summary
California Water Service (Cal Water) Encourages K-12 Teachers and Students to Engage in Water Conservation Learning through Tap Into Learning Program, Partnering with DoGoodery - Stock Ticker: CWTR
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.32%
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none
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News
California Water Service Group Promotes Michael S. Mares, Shannon C. Dean, Shawn C. Bunting, and Sophie M. James
Rhea-AI Summary
California Water Service Group (CWT) announced the promotions of key executives, including Michael S. Mares to Senior Vice President, Operations; Shannon C. Dean to Senior Vice President, Customer Service & Chief Sustainability Officer; Shawn C. Bunting to Senior Vice President, General Counsel & Business Development; and Sophie M. James to Vice President, Water Quality & Environmental Affairs. These promotions are effective January 1, 2024. The leadership team's strength is highlighted as a key factor in the Company's success, with Chairman, President, and CEO Martin A. Kropelnicki expressing appreciation for the contributions of the promoted executives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.27%
Tags
none
News
California Water Service Group Subsidiaries Complete Acquisitions of HOH Utilities in Hawaii, Monterey Water Company in New Mexico
Rhea-AI Summary
California Water Service Group (CWT) has finalized transactions to acquire the assets of HOH Utilities, LLC and Monterey Water Company, expanding its operations in Hawaii and New Mexico.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.27%
Tags
acquisition
Stock CWT logo
California Water Service Group

NYSE:CWT

CWT Rankings

#1651 Ranked by Market Cap
#3442 Ranked by Stock Gains
#1279 Ranked by Dividends

CWT Stock Data

2.56B
57.11M
0.86%
90.13%
2.07%
Water Supply and Irrigation Systems
Utilities
Link
US
San Jose

About CWT

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.