Zacks: Connecticut Water Service, Inc. (CTWS) Given $60.50 Average Price Target by Brokerages
Shares of Connecticut Water Service, Inc. (NASDAQ:CTWS) have received a consensus broker rating score of 3.00 (Hold) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three analysts have rated the stock with a hold rating.
Brokers have set a 12 month consensus price target of $60.50 for the company and are predicting that the company will post $0.21 EPS for the current quarter, according to Zacks. Zacks has also given Connecticut Water Service an industry rank of 118 out of 265 based on the ratings given to its competitors.
Several equities analysts have recently commented on the company. BidaskClub lowered Connecticut Water Service from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Zacks Investment Research lowered Connecticut Water Service from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Finally, Barclays upped their target price 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.
Several large investors have recently bought and sold shares of CTWS. Teachers Advisors LLC grew its holdings in shares of Connecticut Water Service by 2.7% during the first quarter. Teachers Advisors LLC now owns 17,513 shares of the utilities provider’s stock valued at $931,000 after purchasing an additional 468 shares during the last quarter. First Trust Advisors LP bought a new position in Connecticut Water Service in the 2nd quarter worth approximately $3,087,000. Rhumbline Advisers grew its holdings in Connecticut Water Service by 2.3% in the 2nd quarter. Rhumbline Advisers now owns 13,463 shares of the utilities provider’s stock worth $747,000 after buying an additional 305 shares in the last quarter. SG Americas Securities LLC bought a new position in Connecticut Water Service in the 2nd quarter worth approximately $140,000. Finally, Bank of New York Mellon Corp grew its holdings in Connecticut Water Service by 3.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 94,837 shares of the utilities provider’s stock worth $5,264,000 after buying an additional 3,427 shares in the last quarter. 45.90% of the stock is owned by institutional investors.
Shares of Connecticut Water Service (NASDAQ:CTWS) opened at $57.81 on Tuesday. Connecticut Water Service has a one year low of $50.75 and a one year high of $65.04. The stock has a market capitalization of $697.67, a P/E ratio of 28.06, a price-to-earnings-growth ratio of 4.53 and a beta of 0.09. The company has a current ratio of 1.18, a quick ratio of 1.14 and a debt-to-equity ratio of 0.87.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a dividend of $0.298 per share. This represents a $1.19 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend was Thursday, November 30th. Connecticut Water Service’s dividend payout ratio (DPR) is presently 57.77%.
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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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