Connecticut Water Service (NASDAQ:CTWS) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Other research analysts have also recently issued research reports about the company. Evercore ISI started coverage on Connecticut Water Service in a research note on Monday, September 17th. They issued an “inline” rating and a $67.00 target price for the company. UBS Group cut Connecticut Water Service from a “neutral” rating to a “sell” rating in a research note on Wednesday, August 29th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $60.00.

CTWS opened at $69.85 on Friday. The company has a market capitalization of $831.24 million, a PE ratio of 37.18 and a beta of -0.05. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.61 and a quick ratio of 0.60. Connecticut Water Service has a 52 week low of $48.86 and a 52 week high of $70.00.

Hedge funds have recently bought and sold shares of the stock. MetLife Investment Advisors LLC increased its position 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 valued at $428,000 after buying an additional 1,681 shares in the last quarter. American Century Companies Inc. bought a new position in Connecticut Water Service during the 2nd quarter valued at approximately $1,853,000. Northern Trust Corp increased its position in Connecticut Water Service by 1.8% during the 2nd quarter. Northern Trust Corp now owns 161,847 shares of the utilities provider’s stock valued at $10,572,000 after buying an additional 2,827 shares in the last quarter. BlackRock Inc. increased its position in Connecticut Water Service by 6.6% during the 2nd quarter. BlackRock Inc. now owns 916,762 shares of the utilities provider’s stock valued at $59,882,000 after buying an additional 56,793 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp increased its position in Connecticut Water Service by 44.0% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 15,700 shares of the utilities provider’s stock valued at $1,026,000 after buying an additional 4,800 shares in the last quarter. 47.61% of the stock is owned by institutional investors.

About Connecticut Water Service

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.

Recommended Story: Yield Curve

Receive News & Ratings for Connecticut Water Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Connecticut Water Service and related companies with MarketBeat.com's FREE daily email newsletter.