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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
Cal Water Enters Groundbreaking Partnership With State of California to Help Low-Income Customers Pay Water Bills
Rhea-AI Summary
California Water Service (Cal Water) partners with the California Department of Community Services & Development (CSD) to streamline access to funds through the Low Income Household Water Assistance Program (LIHWAP). Cal Water customers who previously received support through the State's Low Income Household Energy Assistance Program (LIHEAP) will be automatically enrolled in LIHWAP. Cal Water customers have received over $1.6 million in assistance through LIHWAP.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.74%
Tags
partnership
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News
California Water Service Group Named One of “World’s Most Trustworthy Companies” by Newsweek
Rhea-AI Summary
California Water Service Group named one of the 'World's Most Trustworthy Companies' by Newsweek and Statista Inc.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.76%
Tags
none
-
News
California Water Service Group Earns Great Place to Work® Certification for Eighth Consecutive Year
Rhea-AI Summary
California Water Service Group (CWT) has been named a Great Place to Work by the Great Place to Work® Institute for the eighth consecutive year, showcasing the company's dedication to its employees.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.5%
Tags
none
News
California Water Service Finalizes Acquisition of Skylonda Mutual Water Company
Rhea-AI Summary
California Water Service (Cal Water) (NYSE: CWT) acquires Skylonda Mutual Water Company's water system assets, expanding its customer base by 156 connections.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.13%
Tags
acquisition
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News
California Water Service Opens 2023 Firefighter Grant Program
Rhea-AI Summary
California Water Service (Cal Water) has opened its fifth annual Firefighter Grant Program, inviting professional and volunteer fire departments in its service areas to apply for funding. The program has provided over $668,000 in grants since its launch in 2019, with awards ranging from $16,000 to $38,000. The grants are used to offset costs related to fire protection efforts, equipment, training, and education. Last year, grants were awarded for equipment such as new hoses, ventilation fans, portable fire pumps, drone equipment nozzles, and self-contained breathing apparatuses. The application period for this year's cycle closes on September 8.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.19%
Tags
none
-
News
Washington Utilities and Transportation Commission Sets New Rates for Washington Water Service
Rhea-AI Summary
Washington Water Service (NYSE: CWT) has received approval from the Washington Utilities and Transportation Commission to increase annual revenues by $2.125 million, effective July 28, 2023, to reflect upgrades made to water system infrastructure and higher operating costs. Major investments include new treatment plants, SCADA system improvements, water main replacements, booster pump station, tank coating upgrade, customer care software conversion, electrical and booster pump upgrades, and a new well. The Commission also authorized funding for conservation programs, education, and outreach for the utility to help consumers use water more efficiently. Washington Water has begun taking steps to combine the East Pierce system’s rates with that of the rest of the utility, aiming for a single, statewide rate structure in the future to stabilize rates and reduce cost impact for customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.86%
Tags
none
News
California Water Service Group Announces Second Quarter 2023 Results
Rhea-AI Summary
California Water Service Group (NYSE: CWT) announced Q2 2023 net income of $9.6M, compared to $19.5M in Q2 2022. The decrease is primarily due to the delayed decision from the California Public Utilities Commission (CPUC) on the 2021 general rate case (GRC). Operating revenue for Q2 2023 was $194.0M, a decrease of 5.9% compared to Q2 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.58%
Tags
earnings
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News
California Water Service Group Board of Directors Declares 314th Consecutive Quarterly Dividend
Rhea-AI Summary
California Water Service Group (NYSE: CWT) Declares 314th Consecutive Quarterly Dividend of $0.26 per Share
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.58%
Tags
management dividends
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News
Washington Water Service Acquires Stroh’s Water Company
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.2%
Tags
acquisition
News
California Water Service Group To Announce Financial Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.76%
Tags
earnings
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California Water Service Group

NYSE:CWT

CWT Rankings

#1613 Ranked by Market Cap
#3442 Ranked by Stock Gains
#1309 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.