Connecticut Water Service Inc (NASDAQ:CTWS) has been given a consensus broker rating score of 3.00 (Hold) from the three brokers that cover the company, Zacks Investment Research reports. Three analysts have rated the stock with a hold recommendation.

Analysts have set a 1 year consensus price target of $56.00 for the company and are anticipating that the company will post $0.88 earnings per share for the current quarter, according to Zacks. Zacks has also given Connecticut Water Service an industry rank of 168 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research raised Connecticut Water Service from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th.

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Shares of Connecticut Water Service (CTWS) opened at 56.10 on Friday. The company has a 50-day moving average price of $56.63 and a 200 day moving average price of $54.93. Connecticut Water Service has a 1-year low of $45.13 and a 1-year high of $62.15. The company has a market capitalization of $649.36 million, a P/E ratio of 28.02 and a beta of 0.09.

Connecticut Water Service (NASDAQ:CTWS) last released its earnings results on Tuesday, August 8th. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by $0.03. Connecticut Water Service had a return on equity of 13.11% and a net margin of 30.17%. The firm had revenue of $29.50 million during the quarter. Equities research analysts anticipate that Connecticut Water Service will post $2.21 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Connecticut Water Service by 4.0% in the first quarter. Vanguard Group Inc. now owns 679,824 shares of the utilities provider’s stock worth $36,133,000 after buying an additional 26,037 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Connecticut Water Service by 4.4% in the first quarter. Dimensional Fund Advisors LP now owns 403,585 shares of the utilities provider’s stock valued at $21,450,000 after buying an additional 17,040 shares during the period. Renaissance Technologies LLC boosted its position in shares of Connecticut Water Service by 1.7% in the first quarter. Renaissance Technologies LLC now owns 242,200 shares of the utilities provider’s stock valued at $12,873,000 after buying an additional 4,100 shares during the period. State Street Corp boosted its position in shares of Connecticut Water Service by 4.4% in the fourth quarter. State Street Corp now owns 231,120 shares of the utilities provider’s stock valued at $12,907,000 after buying an additional 9,724 shares during the period. Finally, Water Asset Management LLC boosted its position in shares of Connecticut Water Service by 45.6% in the first quarter. Water Asset Management LLC now owns 208,632 shares of the utilities provider’s stock valued at $11,089,000 after buying an additional 65,340 shares during the period. 45.56% of the stock is owned by institutional investors and hedge funds.

Connecticut Water Service Company Profile

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),The Avon Water Company (AWC) and Chester Realty Company (Chester Realty).

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