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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 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
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News
California Water Service Group Shares Key Updates on Climate Strategy
Rhea-AI Summary
California Water Service Group (CWT) Announces Climate Strategy Updates
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.56%
Tags
none
-
News
California Water Service Group Earns “America’s Most Responsible Companies” Designation by Newsweek for Third Consecutive Year
Rhea-AI Summary
California Water Service Group (NYSE: CWT) has been recognized as one of 'America’s Most Responsible Companies' by Newsweek magazine and Statista Inc. for its sustainability and corporate citizenship efforts. Group ranked No. 1 among investor-owned water utilities, 16th in the Energy & Utilities category, and 298th overall among all companies nationwide. The recognition is based on publicly available KPIs and an independent survey, highlighting the company's performance in environmental, social, and governance (ESG) areas.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.04%
Tags
none
News
California Water Service Awards More Than $186,000 in Grants to Eight Fire Departments
Rhea-AI Summary
California Water Service (Cal Water) (CWT) announced it will award $186,077 in grants to eight California fire departments as part of the utility’s fifth annual Firefighter Grant Program. The grants are designed to offset costs associated with fire protection efforts, life-saving equipment, and training. Cal Water tripled its grant funding from the $60,000 it originally allocated, showing a commitment to supporting local fire departments. The grants will provide essential resources such as infrared cameras, firefighting hoses, thermal imaging cameras, medical simulation systems, tactical helmets, handheld thermal imaging cameras, watertight batteries, and firefighting nozzles to the recipient fire departments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.86%
Tags
none
-
News
California Water Service Group Announces Election of Jeffrey Kightlinger to Board of Directors
Rhea-AI Summary
California Water Service Group (Group) has announced the election of Jeffrey Kightlinger to its Board of Directors. Kightlinger, the former CEO of the Metropolitan Water District of Southern California, brings extensive experience in water law and strategic advice on water and energy issues.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.47%
Tags
management
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News
California Water Service Group Announces Third Quarter 2023 Results
Rhea-AI Summary
California Water Service Group announces Q3 2023 financial results, with net income of $34.4 million and diluted EPS of $0.60, compared to $55.9 million and $1.03 in Q3 2022. The delayed decision from CPUC on the general rate case is expected to have an adverse impact of $14.0 million to $27.0 million on operating revenue. Group invested $274.1 million in infrastructure improvements. S&P Global Ratings awarded Group an ESG Evaluation score of 74 out of 100. Cal Water filed a financing application to issue up to $1.3 billion of new equity and debt securities. Cal Water earned the WaterSense Excellence in Promoting WaterSense Labeled Products Award.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.03%
Tags
earnings
News
California Water Service Group Board of Directors Declares 315th Consecutive Quarterly Dividend
Rhea-AI Summary
California Water Service Group (NYSE: CWT) declares 315th consecutive quarterly dividend of $0.26 per common share. Payable on November 17, 2023. Provides water and wastewater service to over 2.1 million people in multiple states.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.03%
Tags
management dividends
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News
USEPA Names Cal Water 2023 WaterSense® Excellence Award Winner
Rhea-AI Summary
California Water Service (Cal Water) receives the 2023 WaterSense Excellence in Promoting WaterSense Labeled Products Award for its commitment to water efficiency.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.27%
Tags
none
-
News
California Water Service Group To Announce Financial Results
Rhea-AI Summary
California Water Service Group (NYSE: CWT) to release Q3 2023 financial results on October 26, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.19%
Tags
earnings
News
California Water Service Group Surpasses Global Average ESG Evaluation Score from S&P Global Ratings
Rhea-AI Summary
California Water Service Group (NYSE: CWT) receives a score of 74 out of 100 in the recently published ESG Evaluation Report by S&P Global Ratings. The group performed on par with other utility networks in the US and scored higher than the global sector average. The report highlights the company's capable management of water services and sewage treatment, infrastructure resilience, and prioritization of water conservation programs and water affordability initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.71%
Tags
none
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.