Ameriprise Financial Inc. raised its holdings in shares of Connecticut Water Service, Inc. (NASDAQ:CTWS) by 4.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,814 shares of the utilities provider’s stock after buying an additional 219 shares during the period. Ameriprise Financial Inc.’s holdings in Connecticut Water Service were worth $290,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. TIAA CREF Investment Management LLC boosted its holdings in Connecticut Water Service by 3.6% during the second quarter. TIAA CREF Investment Management LLC now owns 30,111 shares of the utilities provider’s stock worth $1,671,000 after buying an additional 1,038 shares in the last quarter. Teachers Advisors LLC boosted its holdings in Connecticut Water Service by 13.3% during the second quarter. Teachers Advisors LLC now owns 19,845 shares of the utilities provider’s stock worth $1,102,000 after buying an additional 2,332 shares in the last quarter. Summit Global Investments boosted its holdings in Connecticut Water Service by 3.7% during the second quarter. Summit Global Investments now owns 8,400 shares of the utilities provider’s stock worth $466,000 after buying an additional 300 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Connecticut Water Service by 2.6% during the second quarter. Wells Fargo & Company MN now owns 30,614 shares of the utilities provider’s stock worth $1,699,000 after buying an additional 774 shares in the last quarter. Finally, Kennedy Capital Management Inc. boosted its holdings in Connecticut Water Service by 42.9% during the second quarter. Kennedy Capital Management Inc. now owns 96,741 shares of the utilities provider’s stock worth $5,370,000 after buying an additional 29,032 shares in the last quarter. Hedge funds and other institutional investors own 46.37% of the company’s stock.

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A number of analysts recently weighed in on CTWS shares. Barclays PLC raised their target price on shares of Connecticut Water Service from $53.00 to $57.00 and gave the stock an “equal weight” rating in a report on Friday, September 22nd. BidaskClub cut shares of Connecticut Water Service from a “hold” rating to a “sell” rating in a 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 target price for the company in a report on Wednesday, August 16th.

Shares of Connecticut Water Service, Inc. (NASDAQ:CTWS) opened at $60.91 on Friday. 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 company has a market cap of $724.58, a P/E ratio of 29.15, a P/E/G ratio of 4.53 and a beta of 0.08. Connecticut Water Service, Inc. has a 12-month low of $50.75 and a 12-month high of $64.14.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.298 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.19 annualized dividend and a dividend yield of 1.96%. Connecticut Water Service’s dividend payout ratio (DPR) is presently 57.77%.

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).

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

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