Connecticut Water Service (CTWS) Research Coverage Started at UBS Group
UBS Group began coverage on shares of Connecticut Water Service (NASDAQ:CTWS) in a research note issued to investors on Thursday, www.benzinga.com reports. The brokerage issued a neutral rating and a $53.00 price objective on the utilities provider’s stock.
Other analysts have also issued reports about the company. Zacks Investment Research raised Connecticut Water Service from a strong sell rating to a hold rating in a research report on Tuesday, February 6th. BidaskClub lowered Connecticut Water Service from a hold rating to a sell rating in a research report on Tuesday, December 12th.
Shares of Connecticut Water Service (NASDAQ CTWS) traded up $0.98 during trading on Thursday, reaching $51.18. The company had a trading volume of 39,610 shares, compared to its average volume of 52,708. Connecticut Water Service has a twelve month low of $48.86 and a twelve month high of $65.04. The company has a market cap of $617.64, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 3.89 and a beta of 0.05. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.18 and a quick ratio of 1.14.
A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in Connecticut Water Service by 3.7% in the 4th quarter. BlackRock Inc. now owns 852,846 shares of the utilities provider’s stock valued at $48,963,000 after buying an additional 30,374 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Connecticut Water Service by 0.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 429,122 shares of the utilities provider’s stock valued at $25,447,000 after buying an additional 3,999 shares in the last quarter. Westwood Holdings Group Inc. increased its position in Connecticut Water Service by 49.2% in the 4th quarter. Westwood Holdings Group Inc. now owns 298,928 shares of the utilities provider’s stock valued at $17,161,000 after buying an additional 98,576 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Connecticut Water Service by 9.4% during the 4th quarter. Renaissance Technologies LLC now owns 263,000 shares of the utilities provider’s stock worth $15,099,000 after purchasing an additional 22,600 shares in the last quarter. Finally, State Street Corp increased its holdings in Connecticut Water Service by 4.8% during the 2nd quarter. State Street Corp now owns 241,026 shares of the utilities provider’s stock worth $13,381,000 after purchasing an additional 10,986 shares in the last quarter. 47.02% of the stock is owned by institutional investors and hedge funds.
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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).
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