Shares of Connecticut Water Service, Inc. (NASDAQ:CTWS) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $64.42 and last traded at $61.65, with a volume of 30100 shares traded. The stock had previously closed at $61.40.

CTWS has been the topic of several research analyst reports. Barclays raised their price target on shares of Connecticut Water Service from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Friday, September 22nd. BidaskClub lowered shares of Connecticut Water Service from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Finally, Zacks Investment Research upgraded shares of Connecticut Water Service from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research report on Wednesday, August 16th.

The company has a debt-to-equity ratio of 0.87, a current ratio of 1.18 and a quick ratio of 1.14. The stock has a market cap of $744.01, a PE ratio of 29.93, a P/E/G ratio of 4.65 and a beta of 0.08.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.298 per share. This represents a $1.19 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Thursday, November 30th. Connecticut Water Service’s dividend payout ratio is 57.77%.

Several large investors have recently modified their holdings of CTWS. QS Investors LLC acquired a new position in Connecticut Water Service during the second quarter valued at approximately $111,000. SG Americas Securities LLC acquired a new position in Connecticut Water Service during the second quarter valued at approximately $140,000. Legal & General Group Plc grew its holdings in Connecticut Water Service by 4.3% during the second quarter. Legal & General Group Plc now owns 2,715 shares of the utilities provider’s stock valued at $151,000 after purchasing an additional 111 shares during the period. Citadel Advisors LLC acquired a new position in Connecticut Water Service during the third quarter valued at approximately $207,000. Finally, Moors & Cabot Inc. acquired a new position in Connecticut Water Service during the third quarter valued at approximately $210,000. Institutional investors own 46.06% 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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