Connecticut Water Service, Inc. (CTWS) Holdings Increased by BlackRock Inc.

BlackRock Inc. raised its holdings in Connecticut Water Service, Inc. (NASDAQ:CTWS) by 3.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 852,846 shares of the utilities provider’s stock after buying an additional 30,374 shares during the quarter. BlackRock Inc. owned approximately 7.07% of Connecticut Water Service worth $48,963,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. California Public Employees Retirement System purchased a new stake in Connecticut Water Service in the 4th quarter valued at about $206,000. Citadel Advisors LLC purchased a new stake in Connecticut Water Service in the 3rd quarter valued at about $207,000. Moors & Cabot Inc. purchased a new stake in Connecticut Water Service in the 3rd quarter valued at about $210,000. Teacher Retirement System of Texas purchased a new stake in Connecticut Water Service in the 4th quarter valued at about $227,000. Finally, Cedar Hill Associates LLC purchased a new stake in Connecticut Water Service in the 3rd quarter valued at about $281,000. Institutional investors own 47.76% of the company’s stock.

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CTWS opened at $62.44 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.86 and a quick ratio of 0.82. Connecticut Water Service, Inc. has a 12 month low of $48.86 and a 12 month high of $65.04. The stock has a market capitalization of $725.08, a price-to-earnings ratio of 27.63 and a beta of -0.05.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were issued a dividend of $0.2975 per share. This represents a $1.19 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Wednesday, February 28th. Connecticut Water Service’s payout ratio is currently 52.65%.

Several analysts have commented on CTWS shares. Zacks Investment Research cut Connecticut Water Service from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. BidaskClub cut Connecticut Water Service from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. UBS started coverage on Connecticut Water Service in a report on Thursday, March 8th. They issued a “neutral” rating and a $53.00 price target for the company. Finally, ValuEngine upgraded Connecticut Water Service from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Connecticut Water Service currently has a consensus rating of “Hold” and a consensus target price of $57.67.

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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.

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Institutional Ownership by Quarter for Connecticut Water Service (NASDAQ:CTWS)

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