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

Several equities analysts recently issued reports on CTWS shares. Zacks Investment Research lowered Connecticut Water Service from a “buy” rating to a “hold” rating in a research report on Thursday, April 14th. Hilliard Lyons lowered Connecticut Water Service from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 19th.

The stock’s 50-day moving average is $51.84 and its 200 day moving average is $45.30. The firm has a market capitalization of $604.65 million and a price-to-earnings ratio of 26.43.

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

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

A hedge fund recently raised its stake in Connecticut Water Service stock. Dimensional Fund Advisors LP boosted its position in shares of Connecticut Water Service Inc. (NASDAQ:CTWS) by 5.5% during the fourth quarter, Holdings Channel reports. The fund owned 313,855 shares of the company’s stock after buying an additional 16,474 shares during the period. Dimensional Fund Advisors LP owned about 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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