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California Water Service Group (NYSE:CWT) is included among the 15 Overlooked Dividend Stocks to Buy Right Now.
On October 31, Baird’s analyst David Sunderland revised the firm’s outlook on California Water Service Group (NYSE:CWT), cutting the price target to $55 from $60 while maintaining an Outperform rating, as reported by The Fly. The update came after the company’s third-quarter results, which reflected encouraging signs even as the firm acknowledged possible delays in the General Rate Case (GRC) process.
In the third quarter of 2025, California Water Service Group (NYSE:CWT) generated $311.2 million in revenue, marking a 4% year-over-year increase but falling short of analysts’ projections by more than $10 million. The company’s net income stood at $61.2 million, with diluted earnings per share of $1.03, mirroring the prior year’s results.
During the quarter, the utility invested over $135 million in its water system infrastructure, up 14.8% from the same period last year. The company also announced its 323rd consecutive quarterly dividend of $0.30 per share, extending its 58-year streak of annual dividend increases. Over the past five years, its dividend has grown at a compound annual rate of 7.7%.
Management indicated that, if the proposed 2024 California GRC and infrastructure improvement plan receives approval, combined with ongoing capital investments in other regions, the company’s regulated rate base could expand at an annualized rate of nearly 12%.
California Water Service Group (NYSE:CWT) operates as a regulated provider of water and wastewater services throughout the state of California.
While we acknowledge the potential of CWT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Best Dividend Growth Stocks to Buy Now and 15 Best DRIP Stocks to Own Right Now.
Disclosure: None.
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