California State Teachers Retirement System trimmed its holdings in shares of Connecticut Water Service, Inc. (NASDAQ:CTWS) by 8.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,622 shares of the utilities provider’s stock after selling 1,700 shares during the period. California State Teachers Retirement System owned 0.17% of Connecticut Water Service worth $1,089,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Connecticut Water Service by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 697,158 shares of the utilities provider’s stock valued at $38,699,000 after buying an additional 17,334 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Connecticut Water Service by 5.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 425,123 shares of the utilities provider’s stock valued at $23,599,000 after buying an additional 21,538 shares during the last quarter. Principal Financial Group Inc. boosted its position in Connecticut Water Service by 46.3% in the 2nd quarter. Principal Financial Group Inc. now owns 15,845 shares of the utilities provider’s stock valued at $880,000 after buying an additional 5,017 shares during the last quarter. Kennedy Capital Management Inc. boosted its position in Connecticut Water Service by 42.9% in the 2nd quarter. Kennedy Capital Management Inc. now owns 96,741 shares of the utilities provider’s stock valued at $5,370,000 after buying an additional 29,032 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in Connecticut Water Service in the 2nd quarter valued at $378,000. 44.68% of the stock is owned by hedge funds and other institutional investors.

Connecticut Water Service, Inc. (CTWS) opened at $61.77 on Friday. Connecticut Water Service, Inc. has a 12-month low of $50.75 and a 12-month high of $64.14. 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 capitalization of $745.44, a price-to-earnings ratio of 29.99, a PEG ratio of 4.66 and a beta of 0.08.

The business 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 $0.298 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.19 annualized dividend and a dividend yield of 1.93%. Connecticut Water Service’s dividend payout ratio is currently 57.77%.

CTWS has been the topic of a number of recent research reports. 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 research report on Friday, September 22nd. BidaskClub lowered Connecticut Water Service from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Finally, Zacks Investment Research upgraded 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.

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Connecticut Water Service 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).

Institutional Ownership by Quarter for Connecticut Water Service (NASDAQ:CTWS)

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