CWT Price Prediction Next Week
Analysis and Insights
News Impact:
- Partnership with Walmart: California Water Service (CWT) has partnered with Walmart to allow customers to pay their water bills at Walmart locations nationwide, enhancing customer convenience and potentially increasing operational efficiency.
- CPUC Decision: The California Public Utilities Commission has postponed the Cost of Capital applications to May 1, 2026, maintaining the return on equity at 10.27% and cost of debt at 4.23%. This decision is expected to reduce the frequency of rate changes for customers and has positively impacted the stock price.
- Dividend Announcement: CWT announced a regular dividend of $0.30 per share, payable on February 21, 2025, reflecting its commitment to returning value to shareholders.
Technical Analysis:
- RSI: The Relative Strength Index (RSI) for CWT is at 78.90 (6-period), 67.91 (12-period), and 65.75 (14-period), indicating overbought conditions, which may signal a potential pullback.
- Stochastic Oscillator: The StochK (86.87) and StochD (83.15) are in overbought territory, suggesting a possible reversal.
- MACD: The MACD line (0.62) is above the signal line (0.25), indicating bullish momentum, but the small MACD Histogram (0.37) suggests weakening momentum.
- SMA: CWT is trading above its 5, 10, 20, 60, 200, and 250-day moving averages, indicating a bullish trend.
- Bollinger Bands: The stock is near the upper Bollinger Band, suggesting increased volatility and potential resistance.
Price Prediction:
Based on the technical indicators and news sentiment, CWT is expected to experience a slight pullback due to overbought conditions. The stock may test the lower end of its Bollinger Band or find support at the 20-day SMA.
Recommendation:
- Target Price: $46.50
- Action: Sell or take profits as the stock approaches resistance levels. Consider buying on dips if support levels hold.
CWT Similar Chart Price Prediction
The price of CWT is predicted to go up 10.07%, based on the high correlation periods with ESSA. The similarity of these two price pattern on the periods is 91.91%.
CWT
ESSA
Up: 10.07%Similarity: 91.91%
CWT Revenue Forecast
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CWT Analyst's Forecast
Jonathan Reeder
Wells Fargo
Hold → Buy
2025-01-07
Price Target
$56 → $52
Upside
+17.22%
Wells Fargo analyst Jonathan Reeder downgraded Essential Utilities (WTRG) to Equal Weight from Overweight with a price target of $39, down from $43. The firm shuffled water utility ratings for the new year. The downgrade of Essential Utilities reflects minimal company-specific catalysts in 2025 to "trigger the long-awaited re-rate" of the shares combined with a belief that a potential re-rate in shares of California Water Service (CWT) offers more upside, the analyst tells investors in a research note.
