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Artesian Resources: A Steady Water Utility Buy
Seeking Alpha· 2025-06-09 21:22
Group 1 - The article promotes Ian's Insider Corner, which offers access to initiation reports for new stocks, an active chat room, and weekly updates [1] - Ian Bezek, a former hedge fund analyst, has extensive experience in Latin American markets and specializes in high-quality compounders and growth stocks at reasonable prices [2] Group 2 - The article includes a disclosure stating that the author has no positions in any mentioned companies and expresses personal opinions without compensation [3] - Seeking Alpha's disclosure emphasizes that past performance does not guarantee future results and that the views expressed may not reflect the platform's overall stance [4]
Washington Utilities and Transportation Commission Sets New Rates for Washington Water Service's Stroh's Water System to Help Keep Service Safe and Reliable
GlobeNewswire News Room· 2025-06-04 20:15
Group 1 - Washington Water Service, a subsidiary of California Water Service Group, has received approval to increase annual revenue by approximately $178,000 in its Stroh's water system, with rate adjustments phased over two years [1][2] - The revenue increase is driven by infrastructure upgrades and increased operating costs since the acquisition of the Stroh's system in late 2022 [2] - Significant investments include the replacement of a well pump, motor, and booster pumps, installation of a new water quality sampling station, safety improvements to water storage tanks, and replacement of wellhead meters [5] Group 2 - California Water Service Group is the largest regulated water utility operating exclusively in the western United States, serving over 2.1 million people across multiple states [3] - The company's mission is to enhance the quality of life for customers and communities through responsible investments in water and wastewater infrastructure and sustainability initiatives [4] - California Water Service Group has been recognized as one of "America's Most Responsible Companies" and one of the "World's Most Trustworthy Companies" by Newsweek [4]
Consolidated Water Raises Shareholders' Value, Hikes Dividend by 47.4%
ZACKS· 2025-06-03 15:36
Core Insights - Consolidated Water Co. Ltd. (CWCO) has approved a 47.4% year-over-year increase in its quarterly dividend rate to 14 cents per share, payable on July 31, 2025 [1][9] - The new annualized dividend rate is 56 cents per share, with a current dividend yield of 2.26%, outperforming the S&P 500 average of 1.57% [2] - The company's strong financial performance across its segments has led to increased cash flow, enabling the dividend hike [3] Financial Performance - CWCO has raised its dividend three times in the last five years, with an annualized dividend growth rate of 4.74% [2] - The company has experienced stable performance in its retail, bulk, and manufacturing segments, contributing to the dividend increase [9] Growth Opportunities - Consolidated Water operates 10 desalination plants with a capacity of 26.2 million gallons per day and is exploring new markets for expansion [4] - A $204 million design-build-operate project in Hawaii is underway, expected to drive revenue growth in the Services segment in 2026 and 2027 [4][9] - The company aims to expand into complementary service industries through joint ventures, strategic alliances, and acquisitions [5] Market Outlook - The U.S. desalination market is projected to reach $2.6 billion by 2028, growing at a CAGR of 8.3%, which aligns with CWCO's focus on desalination [6] - The company is positioned to benefit from rising demand for low-cost installation and advanced membrane technology for water treatment [6] Industry Context - Domestic-focused, rate-regulated water utilities are stable performers, allowing for dividend hikes and share buybacks [8] - Other water utilities have also raised their dividend rates in 2025, indicating a positive trend in the industry [8][10] Stock Performance - CWCO's shares have increased by 17.6% in the past month, contrasting with a 2.7% decline in its industry [11]
Consolidated Water Increases Dividend and Declares Third Quarter Cash Dividend of $0.14 per Share
Globenewswire· 2025-06-02 12:31
Core Points - Consolidated Water Co. Ltd. has increased its quarterly cash dividend to $0.14 per share for Q3 2025, marking a 27.3% increase from the previous quarter's dividend of $0.11 per share [1][2] - The dividend is payable on July 31, 2025, to shareholders of record as of July 1, 2025 [2] - The company's positive financial performance across its retail, bulk, and manufacturing segments has contributed to increased cash flows and liquidity, prompting the board's decision to raise the dividend [3] - Consolidated Water reported revenue of $33.7 million and earnings per share of $0.30 in Q1 2025 [3] Company Overview - Consolidated Water Co. Ltd. specializes in the development and operation of advanced water supply and treatment plants, including seawater desalination facilities in the Cayman Islands, The Bahamas, and the British Virgin Islands [4] - The company is also engaged in designing, constructing, and operating water treatment and reuse facilities in the United States, with a notable $204 million project for a seawater desalination plant in Hawaii currently underway [4] - Additionally, the company manufactures and services a variety of products and provides design, engineering, management, and operational services related to commercial and municipal water production, supply, and treatment [5]
The York Water Company Files a Rate Request Based on $145 Million in Investment
Globenewswire· 2025-05-30 14:00
Core Viewpoint - The York Water Company has filed for a general increase in rates for water and wastewater services, citing the need for significant capital investments to maintain and improve infrastructure [1][2]. Summary by Sections Rate Increase Request - The company is requesting a $24.2 million increase in annual revenues, which would result in an additional cost of $14.16 per month for water and $35.85 per month for wastewater services for the typical residential customer [3]. Capital Investments - Since the last rate increase in 2022, the company has made $145 million in capital investments aimed at replacing and upgrading aging infrastructure, including water mains, meters, and treatment facilities [2]. Infrastructure Improvement - The investments are intended to ensure compliance with current regulations, enhance the reliability of services, and expand wastewater treatment capacity to accommodate growing communities [2]. Effective Date and Process - If approved, the rate increase could take effect on August 1, 2025, although the Pennsylvania Public Utility Commission (PUC) may delay this until March 2026 [4]. Customer Base - The York Water Company serves over 212,000 people across 57 municipalities in Adams, Franklin, Lancaster, and York counties [4].
Reasons to Add Middlesex Water Stock to Your Portfolio Right Away
ZACKS· 2025-05-29 14:21
Core Viewpoint - Middlesex Water Company (MSEX) is positioned as a strong investment option in the utility sector due to its strategic investments and acquisitions aimed at future growth and customer base expansion [1] Group 1: Growth Projections - The Zacks Consensus Estimate for 2025 earnings per share (EPS) has increased by 4.5% over the past 90 days to $2.53 [2] - The estimated revenues for 2025 are projected at $200 million, reflecting a year-over-year increase of 4.2% [2] - MSEX's long-term earnings growth rate is forecasted at 6.1%, with an average earnings surprise of 11% over the last four quarters [2] Group 2: Debt Position - Middlesex Water's total debt to capital ratio stands at 44.34%, which is better than the industry average of 56.04% [3] - The time-to-interest earned ratio was 4.7 at the end of Q1 2025, indicating the company's strong ability to meet future interest obligations [3] Group 3: Dividend History - The company has consistently paid dividends, raising them for 52 consecutive years [4] - The current quarterly dividend is 34 cents per share, leading to an annualized dividend of $1.36 and a dividend yield of 2.37%, surpassing the S&P 500 composite's yield of 1.25% [4] Group 4: Strategic Investments and Acquisitions - Middlesex Water plans to invest approximately $387 million in water and wastewater infrastructure over the next three years to enhance reliability and service [5] - In April 2025, MSEX's unit Tidewater Utilities, Inc. acquired water assets from the Town of Ocean View for $4.6 million, adding 900 customers to its base [6] Group 5: Stock Price Performance - Year-to-date, Middlesex Water has returned 9.1%, outperforming the sector's growth of 8.1% [7]
Middlesex Water Company Board of Directors Names Nadine Leslie Chair and Amy Mansue Lead Director
Globenewswire· 2025-05-23 20:05
Group 1 - Middlesex Water Company has appointed Nadine Leslie as Chair of the Board, succeeding Dennis W. Doll after his 20-year tenure [1][2] - Amy Mansue has been named as the Lead Independent Director to enhance the Board's independence and governance oversight [2] - Nadine Leslie has over 30 years of leadership experience in the regulated utility industry and previously served as CEO of SUEZ North America [2] Group 2 - Middlesex Water Company is a premier investor-owned water and wastewater utility, serving over half a million people in New Jersey and Delaware [4] - The company emphasizes employee engagement, operational excellence, superior customer experience, and sustainable growth to deliver value [4]
American Water Works' Subsidiary Acquires Mesa Del Sol Water System
ZACKS· 2025-05-22 13:31
Core Insights - American Water Works' subsidiary, California American Water, has successfully acquired the Mesa Del Sol water system, adding 15 new water connections to its existing customer base of approximately 40,000 connections in Monterey County [1][2] - The acquisition aims to improve water quality for Mesa Del Sol residents by connecting it to the Toro Park system, providing access to enhanced services such as online billing and conservation programs [2] - American Water Works prioritizes acquisitions as a strategy for growth, having completed 13 acquisitions in 2024, adding 69,500 customers, and expects to complete 18 more acquisitions that will add another 37,400 customers [3][4] Company Expansion and Investment - American Water Works plans to invest between $40 billion and $42 billion from 2025 to 2034 in infrastructure repairs, system resiliency, and regulated acquisitions [5] - The company is part of a broader trend where large water utility companies are acquiring smaller rivals to ensure high-quality services and necessary infrastructure upgrades [6][7] Industry Context - The American Society of Civil Engineers reports nearly 50,000 community water systems and 14,000 wastewater treatment systems in the U.S., highlighting the need for consolidation due to many small providers being financially weak [6] - Other companies in the industry, such as Middlesex Water Company and Essential Utilities, are also focusing on acquisitions to expand their customer bases and improve service quality [7][9] Financial Performance - American Water Works' stock has increased by 4.9% over the past six months, slightly trailing the industry's growth of 5.2% [12] - The company currently holds a Zacks Rank of 3 (Hold), indicating a stable outlook in the market [14]
Cadiz Announces Participation in B. Riley Securities' 25th Annual Investor Conference
Prnewswire· 2025-05-20 13:41
Company Overview - Cadiz, Inc. is a California water solutions company founded in 1983, focused on providing access to clean, reliable, and affordable water through a combination of water supply, storage, pipeline, and treatment solutions [3] - The company manages 45,000 acres of land in California and has a water supply capacity of 2.5 million acre-feet, along with 220 miles of pipeline assets [3] - Cadiz utilizes the most cost-effective water treatment filtration technology in the industry to address the impacts of climate change on clean water access [3] Recent Events - Cadiz, Inc. will participate in the B. Riley Securities 25th Annual Investor Conference on May 21-22, 2025, at the Ritz-Carlton, Marina Del Rey, California [1] - Management will engage in one-on-one meetings with investors throughout the day on May 21 [1] - An updated investor presentation will be available on the company's investor website following the conference [2]
H2O America Appoints Chief Financial Officer Andrew F. Walters to Board of Directors
Globenewswire· 2025-05-20 12:45
Andrew Walters Image of Andrew F. Walters SAN JOSE, Calif., May 20, 2025 (GLOBE NEWSWIRE) -- H2O America (NASDAQ:HTO) announces the appointment of Andrew F. Walters, Chief Financial Officer of H2O America, to its Board of Directors, effective July 1, 2025. Walters will serve as a director, bringing a wealth of expertise, strategic leadership, and focus on an employee-first culture to the role. Following Walters’ appointment, the board will consist of ten directors. "I am honored to join the board of H2O ...