Connecticut Water Service (CTWS) Upgraded to Sell by BidaskClub

Connecticut Water Service (NASDAQ:CTWS) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Monday.

Separately, Zacks Investment Research lowered shares of 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 down $0.81 during mid-day trading on Monday, reaching $52.45. 79,361 shares of the company’s stock traded hands, compared to its average volume of 41,948. The company has a market capitalization of $632.98, a price-to-earnings ratio of 25.71, a price-to-earnings-growth ratio of 4.04 and a beta of 0.01. The company has a current ratio of 1.18, a quick ratio of 1.14 and a debt-to-equity ratio of 0.87. Connecticut Water Service has a twelve month low of $50.56 and a twelve month high of $65.04.

Connecticut Water Service (NASDAQ:CTWS) last announced its quarterly earnings data on Wednesday, November 8th. The utilities provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.88 by $0.02. The business had revenue of $33.51 million for the quarter. Connecticut Water Service had a net margin of 22.00% and a return on equity of 9.16%. analysts expect that Connecticut Water Service will post 2.13 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Connecticut Water Service by 2.5% in the second quarter. Vanguard Group Inc. now owns 697,158 shares of the utilities provider’s stock valued at $38,699,000 after purchasing an additional 17,334 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Connecticut Water Service by 5.3% in the second quarter. Dimensional Fund Advisors LP now owns 425,123 shares of the utilities provider’s stock valued at $23,599,000 after purchasing an additional 21,538 shares during the period. Cortina Asset Management LLC bought a new stake in shares of Connecticut Water Service in the third quarter valued at approximately $2,303,000. Victory Capital Management Inc. raised its position in shares of Connecticut Water Service by 17.7% in the third quarter. Victory Capital Management Inc. now owns 14,660 shares of the utilities provider’s stock valued at $869,000 after purchasing an additional 2,209 shares during the period. Finally, Putnam FL Investment Management Co. bought a new stake in shares of Connecticut Water Service in the third quarter valued at approximately $460,000. 45.75% of the stock is currently owned by institutional investors.

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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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