California Water Service Group - CWT

Water is the most precious natural resource on Earth. There is no denying that. The amount of useable water on our planet decreases year after year (Watch the 3rd video below for more details). Droughts are becoming more and more prevalent even in areas where floods take place. Additionally, water is becoming more expensive. A company that benefits holding a material which is a necessity to our existence is a fantastic investment for your Roth IRA stock portfolio.
Look no further than...
California Water Service Company is the largest subsidiary of the California Water Service Group, stock ticker CWT. CWT is the largest investor-owned American water utility west of the Mississippi River and the third largest in the country. Formed in 1926, the San Jose-based company serves more than 460,000 customers through 28 Customer and Operations Centers throughout the state.
CWT operates California Water Service Company (Cal Water), New Mexico Water Service Company (New Mexico Water), Washington Water Service Company (Washington Water), Hawaii Water Service Company, Inc. (Hawaii Water), and CWS Utility Services and HWS Utility Services LLC are collectively called Utility Services.
Their bulk business consists of the production, purchase, storage, treatment, testing, distribution and sale of water for domestic, industrial, public and irrigation uses, and for fire protection. CWT also provides non-regulated water-related services under agreements with municipalities and other private companies.
Current CWT Statistics:
52 week16.65 - 19.37
Vol / Avg.280,836.00/269,878.00
Mkt cap732.12M
P/E20.23
Div/yield$0.16/3.61%
EPS0.86
Beta0.27
Inst. own54%
Currently selling at $17.47, CWT is undervalued. California, and the west coast for that matter, will be forever in need of water. Owning a utility company providing that so needed product seems like a smart play, right? CWT is not likely to go to the heavens, but still at these prices it is a market beater.
They pay a stable 31 cents per share, which is a 3.61% dividend yield. Click here to view CWT's stock dividend payment history. CWT has performed various stock splits in their historic history. The most recent stock splits, each two-for-one, occurred in 1984, 1987 and 1997. It looks like it is about time for another split!
If you like a consistent company with no frills or thrills then CWT is right up your alley. I guarantee you that 99% of the people that you know do not know about CWT, which makes this one a sleeper. They do what they do well and that's all there is to it. Check out their "Frequently Asked Questions" section, here.
In conclusion, CWT is a small cap, water play, which pays a sweet 3.61% dividend yield. I believe CWT is a safe haven stock for when the rest of the market is not performing on all cylinders. Feel free to visit CWT's homepage, here, and their Investor Relations webpage, here.