Dimensional Fund Advisors LP increased its stake in shares of Connecticut Water Service, Inc. (NASDAQ:CTWS) by 0.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 429,122 shares of the utilities provider’s stock after purchasing an additional 3,999 shares during the period. Dimensional Fund Advisors LP owned 3.56% of Connecticut Water Service worth $25,447,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in CTWS. Westwood Holdings Group Inc. raised its position in shares of Connecticut Water Service by 32.5% during the 2nd quarter. Westwood Holdings Group Inc. now owns 176,581 shares of the utilities provider’s stock worth $9,802,000 after purchasing an additional 43,347 shares during the last quarter. Cortina Asset Management LLC acquired a new stake in Connecticut Water Service in the 3rd quarter valued at about $2,303,000. Vanguard Group Inc. raised its holdings in Connecticut Water Service by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 697,158 shares of the utilities provider’s stock valued at $38,699,000 after acquiring an additional 17,334 shares during the last quarter. State Street Corp raised its holdings in Connecticut Water Service by 4.8% in the 2nd quarter. State Street Corp now owns 241,026 shares of the utilities provider’s stock valued at $13,381,000 after acquiring an additional 10,986 shares during the last quarter. Finally, Virtu KCG Holdings LLC acquired a new stake in Connecticut Water Service in the 2nd quarter valued at about $463,000. Hedge funds and other institutional investors own 45.90% of the company’s stock.
A number of analysts have commented on CTWS shares. BidaskClub downgraded shares of Connecticut Water Service from a “sell” rating to a “strong sell” rating in a report on Saturday, January 6th. Barclays increased their price objective on shares of Connecticut Water Service from $53.00 to $57.00 and gave the company an “equal weight” rating in a report on Friday, September 22nd. Finally, Zacks Investment Research downgraded shares of Connecticut Water Service from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th.
Shares of Connecticut Water Service, Inc. (NASDAQ:CTWS) opened at $52.95 on Friday. The company has a market cap of $625.38, a PE ratio of 25.16, a price-to-earnings-growth ratio of 3.93 and a beta of 0.09. The company has a quick ratio of 1.14, a current ratio of 1.18 and a debt-to-equity ratio of 0.87. Connecticut Water Service, Inc. has a 1-year low of $50.56 and a 1-year high of $65.04.
Connecticut Water Service (NASDAQ:CTWS) last released its quarterly earnings data on Wednesday, November 8th. The utilities provider reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.02. Connecticut Water Service had a net margin of 22.00% and a return on equity of 9.16%. equities research analysts expect that Connecticut Water Service, Inc. will post 2.13 earnings per share for the current year.
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About Connecticut Water Service
Connecticut Water Service, Inc is a non-operating holding company. The Company’s income is derived from the earnings of its subsidiary companies, including The Connecticut Water Company (Connecticut Water), The Maine Water Company (Maine Water), New England Water Utility Services, Inc (NEWUS),The Avon Water Company (AWC) and Chester Realty Company (Chester Realty).
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