Connecticut Water Service Inc. (NASDAQ:CTWS)’s share price traded down 2.9% during trading on Thursday . The company traded as low as $53.55 and last traded at $53.84, with a volume of 72,879 shares. The stock had previously closed at $55.44.

A number of equities analysts recently commented on the company. Zacks Investment Research raised Connecticut Water Service from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Wednesday, June 8th. Hilliard Lyons downgraded Connecticut Water Service from a “buy” rating to a “neutral” rating in a report on Tuesday, April 19th.

The firm has a market capitalization of $602.29 million and a price-to-earnings ratio of 26.33. The firm has a 50 day moving average price of $51.63 and a 200 day moving average price of $45.19.

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 analysts’ consensus estimates of $0.32 by $0.04. Analysts anticipate that Connecticut Water Service Inc. will post $2.03 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st were paid a $0.2825 dividend. This is an increase from Connecticut Water Service’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, May 27th. This represents a $1.13 dividend on an annualized basis and a yield of 2.10%.

A hedge fund recently raised its stake in Connecticut Water Service stock. Wells Fargo & Company MN raised its position in Connecticut Water Service Inc. (NASDAQ:CTWS) by 21.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,523 shares of the company’s stock after buying an additional 7,588 shares during the period. Wells Fargo & Company MN owned approximately 0.39% of Connecticut Water Service worth $1,654,000 as of its most recent filing with the SEC.

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).