CWT Intrinsic Stock Value – SG Americas Securities LLC Invests $4.51 Million in California Water Service Group
December 28, 2023
☀️Trending News
SG Americas Securities LLC recently announced an investment of $4.51 million in the California Water Service ($NYSE:CWT) Group (Cal Water). Cal Water has a long history of providing essential water services and is committed to providing superior customer service and promoting the efficient use of water resources. The company is also committed to protecting the environment by investing in cutting-edge technologies to help reduce impacts on ecosystems and watersheds. The investment from SG Americas Securities LLC will help support Cal Water’s efforts to continue providing quality service and enabling the company to remain at the forefront of innovation in the water utility industry.
Share Price
On Tuesday, SG Americas Securities LLC made an investment in California Water Service Group, as the stock opened at $52.4 and closed at $52.6, up by 0.5% from its previous closing price of $52.3. This marks a significant milestone for California Water Service Group as it continues to provide excellent water services to its customers. The investment by SG Americas Securities LLC reflects the confidence investors have in the company’s ability to provide reliable and safe water services. As California Water Service Group continues to expand its services and facilities, this investment will help support the growth of the company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for CWT. More…
| Total Revenues | Net Income | Net Margin |
| 781.06 | 41.35 | 4.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for CWT. More…
| Operations | Investing | Financing |
| 187.44 | -386.74 | 154.91 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for CWT. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.04k | 2.63k | 24.44 |
Key Ratios Snapshot
Some of the financial key ratios for CWT are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.0% | -23.5% | 11.7% |
| FCF Margin | ROE | ROA |
| -24.6% | 4.1% | 1.4% |
Analysis – CWT Intrinsic Stock Value
At GoodWhale, we have conducted an analysis of CALIFORNIA WATER SERVICE’s financials. Our proprietary Valuation Line has determined that the fair value of CALIFORNIA WATER SERVICE shares is around $61.4. At present, the stock is being traded at $52.6, which shows that it is currently undervalued by 14.4%. Therefore, investors should consider buying in to capitalize on this undervaluation. More…
Peers
In recent years, the water utility industry has seen increased competition, particularly in the state of California. California Water Service Group, the largest water utility in the state, has been facing increased competition from American States Water Co, Artesian Resources Corp, and Torrington Water Co Inc. While California Water Service Group has historically been the dominant player in the state, these other companies have been making inroads, particularly in the commercial and industrial sectors.
– American States Water Co ($NYSE:AWR)
American States Water Co is a publicly traded water and wastewater utility company. Headquartered in San Dimas, California, the company serves approximately 4 million people in 25 states. American States Water Co. is the holding company for Golden State Water Company and American States Utility Services, Inc.
The company’s ROE of 12.01% is slightly below the industry average of 12.36%. However, its market cap of 2.99B is well above the industry average of 1.79B. This indicates that investors believe American States Water Co is a relatively safe and stable investment.
American States Water Co’s main business is providing water and wastewater services to residential, commercial, and industrial customers. The company also owns and operates a number of hydroelectric power plants.
– Artesian Resources Corp ($NASDAQ:ARTNA)
Artesian Resources Corporation is a holding company that provides water, wastewater, and related services on the Delmarva Peninsula through its operating subsidiaries. The company’s operating subsidiaries include Artesian Water Company, Inc., Artesian Wastewater Management, Inc., and Artesian Customized Utility Solutions, Inc. Artesian Resources has a market cap of 474.4M as of 2022 and a Return on Equity of 10.87%. The company’s main business is providing water, wastewater, and related services to customers on the Delmarva Peninsula. Artesian Customized Utility Solutions provides water and wastewater solutions to customers in the mid-Atlantic region.
Summary
SG Americas Securities LLC recently reported a new position in California Water Service Group worth $4.51 million. This move signifies their confidence in the performance of the company, which is the largest publicly traded water utility in the state of California. They are well-positioned to benefit from continued growth in the state’s population and economic activity. California Water Service Group is a leading provider of water and wastewater services, with a strong track record of reliability and quality.
The company has also made a strong commitment to sustainability, making significant investments in infrastructure and modernizing its operations to reduce environmental impacts. With a solid business model and increasing demand for water services, analysts believe California Water Service Group is an attractive investment opportunity.
