Connecticut Water Service Inc (NASDAQ:CTWS) has been assigned an average rating of “Hold” from the five analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $67.00.

CTWS has been the topic of a number of research analyst reports. UBS Group cut shares of Connecticut Water Service from a “neutral” rating to a “sell” rating in a report on Wednesday, August 29th. ValuEngine cut shares of Connecticut Water Service from a “buy” rating to a “hold” rating in a report on Friday, June 8th. BidaskClub cut shares of Connecticut Water Service from a “buy” rating to a “hold” rating in a report on Friday, July 13th. Finally, Evercore ISI initiated coverage on shares of Connecticut Water Service in a report on Monday, September 17th. They issued an “inline” rating and a $67.00 price target on the stock.

A number of institutional investors have recently modified their holdings of CTWS. Citigroup Inc. grew its holdings in Connecticut Water Service by 24.7% during the 1st quarter. Citigroup Inc. now owns 4,042 shares of the utilities provider’s stock worth $245,000 after acquiring an additional 800 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new position in Connecticut Water Service during the 2nd quarter worth about $261,000. Trexquant Investment LP bought a new position in Connecticut Water Service during the 1st quarter worth about $279,000. GSA Capital Partners LLP bought a new position in Connecticut Water Service during the 2nd quarter worth about $301,000. Finally, MetLife Investment Advisors LLC grew its holdings in Connecticut Water Service by 34.5% during the 2nd quarter. MetLife Investment Advisors LLC now owns 6,552 shares of the utilities provider’s stock worth $428,000 after acquiring an additional 1,681 shares in the last quarter. Institutional investors own 47.23% of the company’s stock.

Shares of NASDAQ CTWS traded up $0.27 during mid-day trading on Monday, reaching $69.02. The company had a trading volume of 37,300 shares, compared to its average volume of 67,430. The company has a current ratio of 0.63, a quick ratio of 0.60 and a debt-to-equity ratio of 0.88. The stock has a market cap of $828.03 million, a PE ratio of 47.09 and a beta of -0.09. Connecticut Water Service has a 52 week low of $48.86 and a 52 week high of $69.80.

Connecticut Water Service (NASDAQ:CTWS) last posted its quarterly earnings results on Thursday, August 9th. The utilities provider reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.45). The company had revenue of $31.54 million during the quarter. Connecticut Water Service had a return on equity of 6.02% and a net margin of 13.02%.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 18th. Shareholders of record on Tuesday, September 4th were issued a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend was Friday, August 31st.

Connecticut Water Service Company Profile

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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