Connecticut Water Service, Inc. (NASDAQ:CTWS) has been assigned a consensus broker rating score of 3.00 (Hold) from the three analysts that cover the stock, Zacks Investment Research reports. Three analysts have rated the stock with a hold rating.
Brokers have set a one year consensus price target of $60.50 for the company and are anticipating that the company will post $0.21 earnings per share for the current quarter, according to Zacks. Zacks has also given Connecticut Water Service an industry rank of 209 out of 265 based on the ratings given to its competitors.
A number of equities analysts recently commented on the company. Barclays lifted their price objective on Connecticut Water Service from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Friday, September 22nd. Zacks Investment Research lowered Connecticut Water Service from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Finally, BidaskClub lowered Connecticut Water Service from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th.
Shares of Connecticut Water Service (NASDAQ:CTWS) traded down $1.01 during mid-day trading on Wednesday, hitting $53.07. The stock had a trading volume of 45,152 shares, compared to its average volume of 43,933. Connecticut Water Service has a 12-month low of $50.75 and a 12-month high of $65.04. The firm has a market capitalization of $652.65, a price-to-earnings ratio of 25.76, a price-to-earnings-growth ratio of 4.11 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.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a $0.298 dividend. This represents a $1.19 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend was Thursday, November 30th. Connecticut Water Service’s dividend payout ratio is currently 57.77%.
Several institutional investors have recently bought and sold shares of the stock. Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of Connecticut Water Service by 1.5% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,975 shares of the utilities provider’s stock worth $387,000 after acquiring an additional 100 shares during the period. Legal & General Group Plc lifted its stake in shares of Connecticut Water Service by 4.3% in the second quarter. Legal & General Group Plc now owns 2,715 shares of the utilities provider’s stock worth $151,000 after acquiring an additional 111 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Connecticut Water Service by 4.8% in the second quarter. Ameriprise Financial Inc. now owns 4,814 shares of the utilities provider’s stock worth $290,000 after acquiring an additional 219 shares during the period. Summit Global Investments lifted its stake in shares of Connecticut Water Service by 3.7% in the second quarter. Summit Global Investments now owns 8,400 shares of the utilities provider’s stock worth $466,000 after acquiring an additional 300 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of Connecticut Water Service by 2.3% in the second quarter. Rhumbline Advisers now owns 13,463 shares of the utilities provider’s stock worth $747,000 after acquiring an additional 305 shares during the period. 45.90% of the stock is currently owned by institutional investors.
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Connecticut Water Service Company Profile
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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