Connecticut Water Service (NASDAQ:CTWS) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Saturday.

Other equities research analysts also recently issued reports about the stock. Barclays raised their target price on shares of Connecticut Water Service from $53.00 to $57.00 and gave the company an “equal weight” rating in a research note on Friday, September 22nd. Zacks Investment Research downgraded shares of 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) opened at $53.52 on Friday. The firm has a market cap of $645.90, a P/E ratio of 25.98, a price-to-earnings-growth ratio of 4.06 and a beta of 0.09. Connecticut Water Service has a one year low of $50.75 and a one year high of $65.04. The company has a quick ratio of 1.14, a current ratio of 1.18 and a debt-to-equity ratio of 0.87.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Los Angeles Capital Management & Equity Research Inc. boosted its stake in 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 valued at $387,000 after acquiring an additional 100 shares in the last quarter. Legal & General Group Plc boosted its stake in 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 valued at $151,000 after acquiring an additional 111 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Connecticut Water Service by 4.8% in the second quarter. Ameriprise Financial Inc. now owns 4,814 shares of the utilities provider’s stock valued at $290,000 after acquiring an additional 219 shares in the last quarter. Summit Global Investments boosted its stake in Connecticut Water Service by 3.7% in the second quarter. Summit Global Investments now owns 8,400 shares of the utilities provider’s stock valued at $466,000 after acquiring an additional 300 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Connecticut Water Service by 2.3% in the second quarter. Rhumbline Advisers now owns 13,463 shares of the utilities provider’s stock valued at $747,000 after acquiring an additional 305 shares in the last quarter. Institutional investors own 45.90% of the company’s stock.

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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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