Connecticut Water Service (CTWS) Getting Somewhat Positive Media Coverage, Study Shows
News headlines about Connecticut Water Service (NASDAQ:CTWS) have been trending somewhat positive on Saturday, Accern Sentiment reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Connecticut Water Service earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 46.4374393276089 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s rankings:
- Connecticut Water Service (CTWS) Declares $0.2975 Quarterly Dividend, 1.9% Yield; Board Approves $66.2M Capital Spending Plan (streetinsider.com)
- Zacks: Connecticut Water Service, Inc. (CTWS) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Connecticut Water (CTWS) Q3 Earnings Top, Customers Increase (finance.yahoo.com)
- Connecticut Water Service, Inc. Board Approves $66.2 Million Capital Spending Plan for 2018 and Declares Dividends (feeds.benzinga.com)
- Connecticut Water Service, Inc. Reports Third-Quarter and Nine-Month Earnings (finance.yahoo.com)
Connecticut Water Service (NASDAQ CTWS) traded down $1.03 during mid-day trading on Friday, hitting $61.16. 19,800 shares of the company’s stock traded hands, compared to its average volume of 31,209. The stock has a market capitalization of $725.87, a price-to-earnings ratio of 30.19, a price-to-earnings-growth ratio of 4.69 and a beta of 0.08. Connecticut Water Service has a 1-year low of $50.00 and a 1-year high of $64.14. The company has a current ratio of 1.18, a quick ratio of 0.50 and a debt-to-equity ratio of 0.87.
Connecticut Water Service (NASDAQ:CTWS) last released its quarterly earnings results on Tuesday, August 8th. The utilities provider reported $0.73 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.03). The firm had revenue of $29.50 million for the quarter. Connecticut Water Service had a net margin of 22.00% and a return on equity of 9.16%. sell-side analysts expect that Connecticut Water Service will post 2.21 EPS for the current year.
Several research firms have commented on CTWS. Zacks Investment Research raised shares of Connecticut Water Service from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a research report on Wednesday, August 16th. BidaskClub lowered shares of Connecticut Water Service from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Finally, Barclays PLC increased their price target on shares of 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.
In other Connecticut Water Service news, VP Maureen P. Westbrook sold 1,500 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $55.94, for a total transaction of $83,910.00. Following the completion of the sale, the vice president now directly owns 37,179 shares of the company’s stock, valued at $2,079,793.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.52% of the company’s stock.
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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