Shares of Connecticut Water Service Inc (NASDAQ:CTWS) have been assigned a consensus recommendation of “Hold” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $67.00.

CTWS has been the subject of several analyst reports. BidaskClub raised Connecticut Water Service from a “hold” rating to a “buy” rating in a research note on Friday, November 16th. TheStreet downgraded Connecticut Water Service from a “b” rating to a “c+” rating in a research note on Thursday, March 7th. Finally, Wells Fargo & Co reissued a “hold” rating on shares of Connecticut Water Service in a research note on Friday, March 1st.

CTWS traded down $0.15 on Friday, hitting $67.03. 2,315 shares of the company traded hands, compared to its average volume of 37,010. The company has a quick ratio of 0.47, a current ratio of 0.49 and a debt-to-equity ratio of 0.88. The company has a market cap of $815.87 million, a PE ratio of 29.14 and a beta of -0.02. Connecticut Water Service has a 12-month low of $51.97 and a 12-month high of $70.30.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be paid a dividend of $0.313 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.87%. This is an increase from Connecticut Water Service’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, February 28th. Connecticut Water Service’s dividend payout ratio is 54.59%.

Several hedge funds have recently modified their holdings of CTWS. FMR LLC raised its stake in shares of Connecticut Water Service by 50.1% during the 4th quarter. FMR LLC now owns 1,543 shares of the utilities provider’s stock worth $103,000 after buying an additional 515 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Connecticut Water Service by 27.8% during the 4th quarter. Legal & General Group Plc now owns 2,360 shares of the utilities provider’s stock worth $158,000 after buying an additional 514 shares in the last quarter. SRS Capital Advisors Inc. purchased a new position in shares of Connecticut Water Service during the 3rd quarter worth approximately $194,000. Strs Ohio purchased a new position in shares of Connecticut Water Service during the 4th quarter worth approximately $220,000. Finally, Dearborn Partners LLC raised its stake in shares of Connecticut Water Service by 21.6% during the 4th quarter. Dearborn Partners LLC now owns 3,546 shares of the utilities provider’s stock worth $237,000 after buying an additional 629 shares in the last quarter. 49.03% of the stock is owned by institutional investors and hedge funds.

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.

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