California Water Service Stock Gains From Organic Growth & Investment

Zacks10-11

California Water Service Group CWT gains from the company’s organic and inorganic initiatives and planned capital investment to strengthen and expand its water infrastructure. The company is ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2474016009?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/C7JBfQ2s9NaLIWiwvAQDUQ--~B/aD00NjU7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/69d9fee86e2eea3e006082b7c555d349","is_english":true,"pubTime":"2024-10-11 21:40","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2474016009","market":"us","top_or_hot":-1,"title":"California Water Service Stock Gains From Organic Growth & Investment","media":"Zacks","content":"<div>\n<p>California Water Service Group CWT gains from the company’s organic and inorganic initiatives and planned capital investment to strengthen and expand its water infrastructure. The company is ...</p>\n\n<a href=\"https://finance.yahoo.com/news/california-water-stock-gains-organic-134000771.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>California Water Service Stock Gains From Organic Growth & Investment</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCalifornia Water Service Stock Gains From Organic Growth & Investment\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-11 21:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/california-water-stock-gains-organic-134000771.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>California Water Service Group CWT gains from the company’s organic and inorganic initiatives and planned capital investment to strengthen and expand its water infrastructure. The company is ...</p>\n\n<a href=\"https://finance.yahoo.com/news/california-water-stock-gains-organic-134000771.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2506952337.HKD","symbol_name":"BNP PARIBAS CLIMATE IMPACT \"CRH\" (HKDHDG) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/california-water-stock-gains-organic-134000771.html","article_id":"2474016009","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/C7JBfQ2s9NaLIWiwvAQDUQ--~B/aD00NjU7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/69d9fee86e2eea3e006082b7c555d349"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474016009","pubTimestamp":1728654000,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"While the company has operations in various states, more than 93.8% of it is concentrated in California. This lack of diversification causes its operations to be subjected to weather, political, water supply, labor, energy cost, regulatory and economic risks of a single state.The utility operates in a highly regulated environment. Any changes in existing laws and conditions could increase the operating costs and there can be no assurance that the commission would approve rate increases to enable the recovery of these additional compliance costs, thereby having an adverse impact on the business of the company.Want the latest recommendations from Zacks Investment Research?Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report. American Water Works Company, Inc.  : Free Stock Analysis Report. California Water Service Group  : Free Stock Analysis Report","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2506952337.HKD":"BNP PARIBAS CLIMATE IMPACT \"CRH\" (HKDHDG) ACC","LU2211815571.USD":"ALLIANZ POSITIVE CHANGE \"AT\" (USD) ACC","IE00BD4GTT62.SGD":"Legg Mason ClearBridge Infrastructure Value A SGD-H (mdis) plus","BK4588":"碎股","MSEX":"米德尔赛克斯水务公司","LU2506952410.USD":"BNP PARIBAS CLIMATE IMPACT \"CRH\" (USDHDG) ACC A","LU2125910179.SGD":"Natixis Thematics Water H-R/A SGD","LU1543694498.USD":"法巴水资源基金RH MD Dis","LU1721428933.USD":"法巴全球经典环境基金RH MD Dis","LU1620156213.USD":"BNP PARIBAS AQUA \"C\" (USD) INC","LU2125910336.SGD":"Natixis Thematics Water R/A SGD","BK4172":"水公用事业","LU1620156130.USD":"BNP PARIBAS AQUA \"C\" (USD) ACC","WTRG":"Essential Utilities, Inc.","LU1923621640.USD":"Natixis Thematics Water R/A USD","LU1596574779.USD":"BNP PARIBAS AQUA \"C\" (USDHDG) ACC","AWK":"美国水务","LU0347712357.USD":"BNP PARIBAS GLOBAL ENVIRONMENT \"C\" (USD) ACC","IE00BD4GTW91.USD":"LEGG MASON CLEARBRIDGEINFRASTRUCTURE VALUE \"A\" (USDHDG) INC","CWT":"California Water Service Group","LU2125909593.SGD":"Natixis Thematics Meta R/A SGD","LU2089279066.USD":"ALLIANZ GLOBAL WATER \"AT\" (USD) ACC","LU1721428347.USD":"BNP PARIBAS CLIMATE IMPACT \"C\" (USD) ACC","IE00BD4GTV84.USD":"LEGG MASON CLEARBRIDGEINFRASTRUCTURE VALUE \"A\" (USDHDG) ACC","LU2413666004.HKD":"BNP PARIBAS AQUA \"CRH\" (HKDHDG) INC","LU1721427968.SGD":"BNP PARIBAS AQUA \"CRH\" (SGDHDG) INC","LU2477742899.HKD":"BNP PARIBAS CLIMATE IMPACT \"C\" (HKD) ACC","LU2125909247.SGD":"Natixis Thematics Meta H-R/A SGD","BK4585":"ETF&股票定投概念","LU2413666699.HKD":"BNP PARIBAS GLOBAL ENVIRONMENT \"CRH\" (HKDHDG) INC","LU2229751404.USD":"ALLIANZ GLOBAL WATER \"AT3\" (USD) ACC","LU2413665964.HKD":"BNP PARIBAS AQUA \"C\" (HKD) ACC","LU1923622614.USD":"Natixis Thematics Meta R/A USD","LU2413666426.HKD":"BNP PARIBAS GLOBAL ENVIRONMENT \"C\" (HKD) ACC","LU1165135440.EUR":"BNP Paribas Aqua Classic Cap EUR"},"translate_title":"加州水务公司股票因有机增长和投资而上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WTRG":1,"MSEX":1,"CWT":1,"AWK":1},"content_text":"California Water Service Group CWT gains from the company’s organic and inorganic initiatives and planned capital investment to strengthen and expand its water infrastructure. The company is efficiently managing its debt levels and has enough financial strength to meet CWT’s near-term interest obligations.Depending on a single state for the majority of its earnings and changes in regulations are major concerns for this water utility.\nFactors Acting as Tailwind for CWT Stock\nCalifornia Water Service’s primary focus is to expand operations in the western United States through acquisitions and continue to explore new opportunities to expand regulated and non-regulated water and wastewater activities.On the back of improving economic conditions, completed acquisitions and other organic efforts, the company’s customer base is likely to continue witnessing this uptrend in the coming years.The estimated capital expenditure for 2024 is $380 million. Management expects to increase capital expenditures in non-California utilities due to recent acquisitions and expansions, and all these expenditures are expected to boost the company’s earnings.Other water utilities like American Water Works AWK aim to invest $3.1 billion in 2024 with a major portion utilized for infrastructure improvements in regulated businesses. Essential Utilities WTRG plans to invest $1.3-$1.4 billion in 2024 and Middlesex Water MSEX plans to invest $237 million in 2024-2026 to strengthen its water and wastewater infrastructure to service the company’s customers in a safe, reliable and efficient manner.CWT’s total debt to capital is 45.61% compared with its industry average of 54.62%. This indicates that CWT manages its business more efficiently than its peers. Its times interest earned ratio was 3.7 at the end of the second quarter of 2024. The ratio, being greater than one, indicates that the company has enough financial strength to meet its near-term interest obligations. The decline in interest rates is a positive development for this water utility.\nHeadwinds for California Water Service\nWhile the company has operations in various states, more than 93.8% of it is concentrated in California. This lack of diversification causes its operations to be subjected to weather, political, water supply, labor, energy cost, regulatory and economic risks of a single state.The utility operates in a highly regulated environment. Any changes in existing laws and conditions could increase the operating costs and there can be no assurance that the commission would approve rate increases to enable the recovery of these additional compliance costs, thereby having an adverse impact on the business of the company.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nAmerican Water Works Company, Inc. (AWK) : Free Stock Analysis Report\nCalifornia Water Service Group (CWT) : Free Stock Analysis Report\nMiddlesex Water Company (MSEX) : Free Stock Analysis Report\nEssential Utilities Inc. (WTRG) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2474016009"}