Connecticut Water Service Inc. (NASDAQ:CTWS) dropped 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 trading hands. The stock had previously closed at $52.83.

CTWS has been the subject of a number of research reports. Zacks Investment Research lowered shares of Connecticut Water Service from a “buy” rating to a “hold” rating in a research note on Thursday, April 14th. Hilliard Lyons lowered shares of Connecticut Water Service from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 19th.

The firm’s 50 day moving average price is $52.56 and its 200 day moving average price is $45.74. The company has a market capitalization of $583.11 million and a price-to-earnings ratio of 25.49.

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

A hedge fund recently raised its stake in Connecticut Water Service stock. Dimensional Fund Advisors LP boosted its stake in shares of Connecticut Water Service Inc. (NASDAQ:CTWS) by 5.5% during the fourth quarter, according to its most recent Form 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 2.81% of Connecticut Water Service worth $11,930,000 as of its most recent SEC filing.

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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