Geode Capital Management LLC grew its holdings in shares of Connecticut Water Service, Inc. (NASDAQ:CTWS) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 121,456 shares of the utilities provider’s stock after acquiring an additional 1,924 shares during the period. Geode Capital Management LLC owned about 1.01% of Connecticut Water Service worth $6,972,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of CTWS. California Public Employees Retirement System acquired a new position in Connecticut Water Service in the fourth quarter worth about $206,000. Citadel Advisors LLC acquired a new position in Connecticut Water Service in the third quarter worth about $207,000. Moors & Cabot Inc. acquired a new position in Connecticut Water Service in the third quarter worth about $210,000. Teacher Retirement System of Texas acquired a new position in Connecticut Water Service in the fourth quarter worth about $227,000. Finally, National Investment Services Inc. WI acquired a new position in Connecticut Water Service in the fourth quarter worth about $293,000. Institutional investors and hedge funds own 47.78% of the company’s stock.
NASDAQ:CTWS opened at $63.36 on Friday. The stock has a market capitalization of $761.93, a P/E ratio of 28.04 and a beta of -0.05. Connecticut Water Service, Inc. has a one year low of $48.86 and a one year high of $65.04. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.86 and a quick ratio of 0.82.
A number of equities analysts recently commented on CTWS shares. BidaskClub downgraded Connecticut Water Service from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 6th. ValuEngine upgraded Connecticut Water Service from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Zacks Investment Research upgraded Connecticut Water Service from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 6th. Finally, UBS started coverage on Connecticut Water Service in a research note on Thursday, March 8th. They issued a “neutral” rating and a $53.00 price target for the company. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $57.67.
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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. The Real Estate Transactions segment is involved in the sale or donation of its real estate holdings.
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