Connecticut Water Service Inc. (NASDAQ:CTWS)’s share price was down 2.9% on Thursday . The company traded as low as $51.21 and last traded at $51.32, with a volume of 63,293 shares traded. The stock had previously closed at $52.83.

CTWS has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Connecticut Water Service from a “buy” rating to a “hold” rating in a report on Thursday, April 14th. Hilliard Lyons downgraded shares of Connecticut Water Service from a “buy” rating to a “neutral” rating in a report on Tuesday, April 19th.

The stock has a market cap of $572.12 million and a PE ratio of 25.01. The stock has a 50 day moving average price of $52.45 and a 200 day moving average price of $45.64.

Connecticut Water Service (NASDAQ:CTWS) last announced its quarterly earnings data on Monday, May 9th. The company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.04. On average, analysts predict that Connecticut Water Service Inc. will post $2.03 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st were given a $0.2825 dividend. This is an increase from Connecticut Water Service’s previous quarterly dividend of $0.27. This represents a $1.13 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend was Friday, May 27th.

An institutional investor recently raised its position in Connecticut Water Service stock. Dimensional Fund Advisors LP boosted its position in Connecticut Water Service Inc. (NASDAQ:CTWS) by 5.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 313,855 shares of the company’s stock after buying an additional 16,474 shares during the period. Dimensional Fund Advisors LP owned approximately 2.81% of Connecticut Water Service worth $11,930,000 at the end of the most recent quarter.

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) and Chester Realty Company (Chester Realty).

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