CWT Unit Gets Rate Hike Approval to Recover Infrastructure Costs
California Water Service Group's Hawaii unit secures a rate hike to recover infrastructure costs, boosting annual revenues by $1.94 million from October 2026.
CWT - California Water Service Group
Price:
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$53.50
DETAILS
HIGH:
$54.00
LOW:
$53.00
MEDIAN:
$53.50
CONSENSUS:
$53.50
UPSIDE:
11.37%
Stock News
Hawaii Public Utilities Commission Issues General Rate Case Decision for Hawaii Water Service's Kapalua Water and Wastewater Systems
WAIKOLOA, Hawaii, Oct. 15, 2026 (GLOBE NEWSWIRE) -- The Hawaii Public Utilities Commission (HPUC) has adopted a settlement agreement reflecting Hawaii Water Service's (Hawaii Water) investments to help keep its Kapalua water and wastewater systems safe and reliable, while addressing higher operating and purchased water costs. The decision enables the California Water Service Group (NYSE: CWT) subsidiary to increase annual revenue by about $1.94 million and adjusts rates accordingly.
California Water Service Group Prices $125 Million of Senior Unsecured Notes and California Water Service Company Prices $150 Million of First Mortgage Bonds
SAN JOSE, Calif., Oct. 15, 2026 (GLOBE NEWSWIRE) -- California Water Service Group (Group, NYSE: CWT) today announced the pricing of $125,000,000 in aggregate principal amount of Senior Unsecured Notes (the Notes) by Group and $150,000,000 in aggregate principal amount of First Mortgage Bonds (the Bonds) by California Water Service Company (Cal Water), a wholly owned subsidiary of Group, in private placement transactions. The transactions are expected to close on or before December 31, 2026, subject to the satisfaction of customary closing conditions.
California Water Service Group Chairman & CEO Joins Alliance for Critical Infrastructure (ACI) Board of Directors
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Can Rising Water Demand Boost California Water's Long-Term Growth?
CWT's rising consumption, $627 million 2026 investment plan and planned Nexus acquisition support its long-term growth outlook.
CWT Unit Gets Rate Hike Nod to Recover Infrastructure Investments
California Water Service's Washington Water wins approval for a $4.1M annual revenues increase to recover infrastructure investments and support reliable water service.
WUTC Issues Decision in Washington Water's Application to Recover Costs for Investments to Provide Safe, Reliable Service
GIG HARBOR, Wash., Sept. 10, 2026 (GLOBE NEWSWIRE) -- The Washington Utilities and Transportation Commission (WUTC) has issued a decision in Washington Water Service's (Washington Water) application to adjust rates and recover costs for investments made to keep its East Pierce and Legacy water systems safe and reliable. The decision, which adopted the all-party settlement reached among Washington Water, WUTC staff, and the Public Counsel Unit of the Washington Attorney General's Office, enables the California Water Service Group (Group) subsidiary to increase annual revenue by $4.1 million.
California Water Service Kicks Off Back-to-School Season With 13th Year of Tap Into Learning Program
SAN JOSE, Calif., Sept. 08, 2026 (GLOBE NEWSWIRE) -- As teachers welcome students back for another year of learning, California Water Service (Cal Water) is launching its 13th annual Tap Into Learning, a conservation education program designed to help students explore the importance of water through hands-on learning, creativity, and environmental stewardship.
Newsweek Names California Water Service Group One of “America's Greatest Companies”
SAN JOSE, Calif., Sept. 01, 2026 (GLOBE NEWSWIRE) -- For its leadership and performance across multiple fields, California Water Service Group (Group) (NYSE: CWT) has earned a spot on Newsweek's 2026 list of “America's Greatest Companies.
Hawaii Water Service Proposes Rate Adjustment for Kona Service Area for Investments Made to Help Keep Service Safe, Reliable
Would provide approximately $2.73 million in annual revenue to deliver safe, reliable water and wastewater service to Hawaii Water's North Kona customers.
Freestone Grove Partners LP Takes Position in California Water Service Group $CWT
Freestone Grove Partners LP acquired a new position in shares of California Water Service Group (NYSE: CWT) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 31,950 shares of the utilities provider's stock, valued at approximately $1,554,000. Freestone Grove Partners LP
Bank of America Corp DE Has $5.53 Million Stock Holdings in California Water Service Group $CWT
Bank of America Corp DE grew its holdings in California Water Service Group (NYSE: CWT) by 23.0% during the undefined quarter, according to the company in its most recent filing with the SEC. The fund owned 121,899 shares of the utilities provider's stock after purchasing an additional 22,825 shares during the period. Bank
10,755,498 Shares in California Water Service Group $CWT Acquired by BlackRock Inc.
BlackRock Inc. acquired a new stake in California Water Service Group (NYSE: CWT) in the second quarter, according to its most recent filing with the SEC. The fund acquired 10,755,498 shares of the utilities provider's stock, valued at approximately $523,255,000. BlackRock Inc. owned approximately 17.39% of California Water Service Group at the end
California Water Service Group Awards $80,000 in Scholarships, Nears $1 Million Milestone Investing in its Communities' Future Leaders
California Water Service Group announces scholarship program recipients from California, Hawaii, New Mexico, and Washington; nears $1 million milestone.
California Water Service Group Named One of “World's Greenest Companies” by Newsweek
SAN JOSE, Calif., Aug. 17, 2026 (GLOBE NEWSWIRE) -- For the utility's ongoing dedication to sustainability and environmental responsibility, Newsweek has named California Water Service Group (Group) (NYSE: CWT) one of the “World's Greenest Companies.
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Price Targets
California Water price target raised to $53 from $49 at Seaport Research
$53.00
(was $49.64)
Seaport Global
California Water Service price target lowered to $54 from $55 at Baird
$54.00
(was $42.36)
David Sunderland
·
Robert W. Baird
California Water Service price target lowered to $55 from $60 at Baird
$55.00
(was $44.87)
David Sunderland
·
Robert W. Baird
California Water upgraded to Overweight from Equal Weight at Wells Fargo
$52.00
(was $44.36)
Jonathan Reeder
·
Wells Fargo
California Water upgraded to Equal Weight from Underweight at Wells Fargo
$57.00
(was $53.32)
Jonathan Reeder
·
Wells Fargo
UBS Upgrades California Water Service Group (CWT) to Neutral
$49.00
(was $45.97)
Gregg Orrill
·
UBS
UBS Initiates Coverage On California Water Servs Gr with Neutral Rating, Announces Price Target of $67
$67.00
(was $63.06)
UBS