Millennium Management LLC Sells 3,295 Shares of Connecticut Water Service, Inc. (CTWS)

Millennium Management LLC reduced its stake in shares of Connecticut Water Service, Inc. (NASDAQ:CTWS) by 41.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,687 shares of the utilities provider’s stock after selling 3,295 shares during the period. Millennium Management LLC’s holdings in Connecticut Water Service were worth $269,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. boosted its holdings in shares of Connecticut Water Service by 6.5% during the 4th quarter. Victory Capital Management Inc. now owns 15,606 shares of the utilities provider’s stock worth $896,000 after purchasing an additional 946 shares during the last quarter. Thrivent Financial For Lutherans lifted its holdings in Connecticut Water Service by 5.3% in the fourth quarter. Thrivent Financial For Lutherans now owns 19,825 shares of the utilities provider’s stock valued at $1,138,000 after acquiring an additional 989 shares during the last quarter. California State Teachers Retirement System lifted its holdings in Connecticut Water Service by 6.0% in the fourth quarter. California State Teachers Retirement System now owns 18,727 shares of the utilities provider’s stock valued at $1,075,000 after acquiring an additional 1,064 shares during the last quarter. Guggenheim Capital LLC lifted its holdings in Connecticut Water Service by 2.3% in the fourth quarter. Guggenheim Capital LLC now owns 50,748 shares of the utilities provider’s stock valued at $2,914,000 after acquiring an additional 1,125 shares during the last quarter. Finally, Teachers Advisors LLC lifted its holdings in Connecticut Water Service by 6.1% in the fourth quarter. Teachers Advisors LLC now owns 21,060 shares of the utilities provider’s stock valued at $1,209,000 after acquiring an additional 1,215 shares during the last quarter. Institutional investors and hedge funds own 49.85% of the company’s stock.

Connecticut Water Service opened at $63.89 on Tuesday, according to MarketBeat.com. Connecticut Water Service, Inc. has a one year low of $48.86 and a one year high of $69.72. The company has a market capitalization of $770.56 million, a P/E ratio of 35.41 and a beta of -0.06. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.74 and a current ratio of 0.77.

Connecticut Water Service (NASDAQ:CTWS) last released its quarterly earnings data on Wednesday, May 9th. The utilities provider reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.48). Connecticut Water Service had a net margin of 16.28% and a return on equity of 7.46%. The business had revenue of $26.43 million during the quarter. analysts anticipate that Connecticut Water Service, Inc. will post 2.04 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be paid a dividend of $0.313 per share. This represents a $1.25 dividend on an annualized basis and a yield of 1.96%. This is a boost from Connecticut Water Service’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, May 31st. Connecticut Water Service’s dividend payout ratio is 52.65%.

A number of research analysts recently commented on CTWS shares. BidaskClub upgraded Connecticut Water Service from a “strong sell” rating to a “sell” rating in a report on Friday, March 16th. ValuEngine upgraded Connecticut Water Service from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. UBS started coverage on Connecticut Water Service in a report on Thursday, March 8th. They issued a “neutral” rating and a $53.00 price objective on the stock. Finally, Zacks Investment Research upgraded Connecticut Water Service from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 6th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $57.67.

Connecticut Water Service Profile

Connecticut Water Service, Inc, together with its subsidiaries, operates as a regulated water company. The company operates through three segments: Water Operations, Real Estate Transactions, and Services and Rentals. The Water Operations segment supplies public drinking water. The Real Estate Transactions segment is involved in the sale or donation of its real estate holdings.

Institutional Ownership by Quarter for Connecticut Water Service (NASDAQ:CTWS)

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