13,664 Shares in Connecticut Water Service Inc (CTWS) Acquired by Miller Howard Investments Inc. NY

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Miller Howard Investments Inc. NY acquired a new position in shares of Connecticut Water Service Inc (NASDAQ:CTWS) during the 1st quarter, Holdings Channel reports. The firm acquired 13,664 shares of the utilities provider’s stock, valued at approximately $938,000.

A number of other hedge funds have also bought and sold shares of CTWS. JPMorgan Chase & Co. increased its holdings in Connecticut Water Service by 312.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,445 shares of the utilities provider’s stock worth $1,349,000 after purchasing an additional 14,725 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Connecticut Water Service by 4.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 103,456 shares of the utilities provider’s stock worth $7,176,000 after purchasing an additional 4,234 shares during the last quarter. BlackRock Inc. increased its holdings in Connecticut Water Service by 1.0% during the 3rd quarter. BlackRock Inc. now owns 926,173 shares of the utilities provider’s stock worth $64,248,000 after purchasing an additional 9,411 shares during the last quarter. Credit Suisse AG increased its holdings in Connecticut Water Service by 37.0% during the 3rd quarter. Credit Suisse AG now owns 34,848 shares of the utilities provider’s stock worth $2,417,000 after purchasing an additional 9,412 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Connecticut Water Service by 7.3% during the 3rd quarter. Renaissance Technologies LLC now owns 221,200 shares of the utilities provider’s stock worth $15,345,000 after purchasing an additional 15,000 shares during the last quarter. Institutional investors own 51.20% of the company’s stock.

Several equities research analysts have issued reports on CTWS shares. TheStreet downgraded Connecticut Water Service from a “b” rating to a “c+” rating in a report on Thursday, March 7th. BidaskClub upgraded Connecticut Water Service from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 25th. Wells Fargo & Co initiated coverage on Connecticut Water Service in a research report on Thursday, January 10th. They issued a “market perform” rating and a $66.00 target price for the company. Finally, Zacks Investment Research lowered Connecticut Water Service from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd. Three analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $66.50.

Shares of CTWS opened at $67.76 on Tuesday. The company has a market capitalization of $825.27 million, a PE ratio of 29.71 and a beta of -0.02. The company has a quick ratio of 0.47, a current ratio of 0.49 and a debt-to-equity ratio of 0.88. Connecticut Water Service Inc has a 52 week low of $62.05 and a 52 week high of $70.44.

Connecticut Water Service (NASDAQ:CTWS) last issued its earnings results on Thursday, February 28th. The utilities provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). The firm had revenue of $25.64 million during the quarter. Connecticut Water Service had a return on equity of 7.21% and a net margin of 13.57%. Equities analysts expect that Connecticut Water Service Inc will post 2.3 earnings per share for the current year.

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About Connecticut Water Service

Connecticut Water Service, Inc, together with its subsidiaries, operates as a regulated water company. The company operates through three segments: Water Operations, Real Estate Transactions, and Services and Rentals. The Water Operations segment supplies public drinking water and provides wastewater services.

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Institutional Ownership by Quarter for Connecticut Water Service (NASDAQ:CTWS)

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