Connecticut Water Service Inc (NASDAQ:CTWS) has received a consensus broker rating score of 3.00 (Hold) from the three brokers that cover the company, Zacks Investment Research reports. Three research analysts have rated the stock with a hold rating.

Brokerages have set a 1-year consensus price objective of $60.50 for the company and are anticipating that the company will post $0.88 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Connecticut Water Service an industry rank of 164 out of 265 based on the ratings given to related companies.

A number of research firms recently weighed in on CTWS. Zacks Investment Research upgraded Connecticut Water Service from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. BidaskClub downgraded Connecticut Water Service from a “hold” rating to a “sell” rating in a report on Friday, August 25th. Finally, Barclays PLC increased their price objective on Connecticut Water Service from $53.00 to $57.00 and gave the company an “equal weight” rating in a report on Friday, September 22nd.

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In other Connecticut Water Service news, VP Maureen P. Westbrook sold 1,500 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $55.94, for a total transaction of $83,910.00. Following the completion of the sale, the vice president now directly owns 37,179 shares in the company, valued at approximately $2,079,793.26. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.52% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. QS Investors LLC bought a new position in shares of Connecticut Water Service during the 2nd quarter worth about $111,000. SG Americas Securities LLC bought a new position in shares of Connecticut Water Service during the 2nd quarter worth about $140,000. Legal & General Group Plc boosted its position in shares of Connecticut Water Service by 4.3% during the 2nd quarter. Legal & General Group Plc now owns 2,715 shares of the utilities provider’s stock worth $151,000 after purchasing an additional 111 shares in the last quarter. Ameriprise Financial Inc. bought a new position in shares of Connecticut Water Service during the 1st quarter worth about $244,000. Finally, GSA Capital Partners LLP bought a new position in shares of Connecticut Water Service during the 2nd quarter worth about $284,000. 46.72% of the stock is currently owned by institutional investors.

Connecticut Water Service (NASDAQ CTWS) traded down 0.80% during midday trading on Friday, reaching $62.24. The company had a trading volume of 50,146 shares. The firm has a 50-day moving average of $59.56 and a 200-day moving average of $56.49. The stock has a market cap of $720.43 million, a P/E ratio of 31.09 and a beta of 0.11. Connecticut Water Service has a 12 month low of $49.23 and a 12 month high of $64.15.

Connecticut Water Service (NASDAQ:CTWS) last announced its quarterly earnings results on Tuesday, August 8th. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.03). The company had revenue of $29.50 million for the quarter. Connecticut Water Service had a return on equity of 13.11% and a net margin of 30.17%. On average, equities analysts expect that Connecticut Water Service will post $2.21 EPS for the current fiscal year.

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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