California Water Service Group (CWT)

California Water Service Group's stock has experienced a decrease of 2.51% over the last six months. In June, it was dropped from the Russell 3000 Growth Index and the Russell 2500 Growth Index. In December 2025 and January 2026, Cal Water received approval for interim rate adjustments and an interim rate hike from the California Public Utilities Commission.

Demand seasonality influences California Water Service Group's earnings, which are affected by weather patterns and consumption levels. The third quarter tends to be the strongest for the company, particularly as it has moved away from decoupling, making its earnings more directly demand-driven.

California Water Service Group (CWT) is the third-largest publicly traded water utility in the United States, providing water utility and related services. The company produces, purchases, stores, treats, distributes, and sells water for various uses, including domestic, industrial, public, irrigation, and fire protection. CWT also provides wastewater collection and treatment services and offers non-regulated water-related services.

California Water Service Group provides services to over 2 million people across five states. In California, it serves approximately 499,400 customer connections in 100 communities. In Washington, it serves approximately 38,300 customer connections in areas including Tacoma, Olympia, Graham, Spanaway, Puyallup, Rainier, and Yelm. In New Mexico, it serves approximately 11,500 water and wastewater customer connections in areas like Rio Communities, Rio Del Oro, and Meadow Lake. In Hawaii, it serves approximately 6,700 water and wastewater customer connections on the islands of Kauai, Maui, Oahu, and Hawaii. In Texas, it operates six wastewater utilities in Central Texas and invests in water and wastewater infrastructure.

California Water Service Group has maintained a positive brand reputation, receiving recognition for its trustworthiness and environmental efforts. Newsweek recognized the company as one of "America's Most Trustworthy Companies" for the second consecutive year, ranking it second among water utilities nationwide. Newsweek also named California Water Service Group one of "America's Greenest Companies" for the second year in a row, acknowledging its commitment to sustainability. The company's 2024 Sustainability Report highlighted a 23.5% reduction in Scope 1 and 2 greenhouse gas emissions from its 2021 baseline and 100% compliance with federal and state water quality standards across over 615,000 tests.

Institutional investors hold approximately 86% to 87% of California Water Service Group's shares, while the general public holds about 12%. Major institutional owners include BlackRock, Inc., The Vanguard Group, Inc., T. Rowe Price Group, Inc., State Street Global Advisors, Inc., and Amundi Asset Management SAS.