News headlines about Connecticut Water Service (NASDAQ:CTWS) have trended somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Connecticut Water Service earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 44.971714077437 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Connecticut Water Service stock traded up $0.24 during mid-day trading on Thursday, reaching $66.58. 158 shares of the stock traded hands, compared to its average volume of 65,762. Connecticut Water Service has a fifty-two week low of $48.86 and a fifty-two week high of $69.72. The stock has a market capitalization of $799.45 million, a P/E ratio of 29.43 and a beta of -0.08. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.77 and a quick ratio of 0.74.
Connecticut Water Service (NASDAQ:CTWS) last announced its earnings results 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 firm had revenue of $26.43 million for the quarter.
The company also recently announced a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Friday, June 1st were issued a dividend of $0.313 per share. The ex-dividend date was Thursday, May 31st. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.88%. This is a boost from Connecticut Water Service’s previous quarterly dividend of $0.30. Connecticut Water Service’s dividend payout ratio is presently 55.31%.
CTWS has been the subject of a number of research analyst reports. BidaskClub cut Connecticut Water Service from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 16th. ValuEngine raised Connecticut Water Service from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Finally, UBS Group initiated coverage on Connecticut Water Service in a report on Thursday, March 8th. They set a “neutral” rating and a $53.00 target price for the company. Five investment analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average price target of $57.67.
About Connecticut Water Service
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.
Receive News & Ratings for Connecticut Water Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Connecticut Water Service and related companies with MarketBeat.com's FREE daily email newsletter.