Moors & Cabot Inc. Acquires Shares of 3,513 Connecticut Water Service, Inc. (CTWS)

Moors & Cabot Inc. acquired a new stake in shares of Connecticut Water Service, Inc. (NASDAQ:CTWS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,513 shares of the utilities provider’s stock, valued at approximately $210,000.

A number of other hedge funds have also modified their holdings of the stock. Los Angeles Capital Management & Equity Research Inc. increased its holdings in Connecticut Water Service by 1.5% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,975 shares of the utilities provider’s stock valued at $387,000 after buying an additional 100 shares during the period. Legal & General Group Plc increased its holdings in Connecticut Water Service by 4.3% during the second quarter. Legal & General Group Plc now owns 2,715 shares of the utilities provider’s stock valued at $151,000 after buying an additional 111 shares during the period. Ameriprise Financial Inc. increased its holdings in Connecticut Water Service by 4.8% during the second quarter. Ameriprise Financial Inc. now owns 4,814 shares of the utilities provider’s stock valued at $290,000 after buying an additional 219 shares during the period. Summit Global Investments increased its holdings in Connecticut Water Service by 3.7% during the second quarter. Summit Global Investments now owns 8,400 shares of the utilities provider’s stock valued at $466,000 after buying an additional 300 shares during the period. Finally, Rhumbline Advisers increased its holdings in Connecticut Water Service by 2.3% during the second quarter. Rhumbline Advisers now owns 13,463 shares of the utilities provider’s stock valued at $747,000 after buying an additional 305 shares during the period. 46.05% of the stock is currently owned by institutional investors.

Connecticut Water Service, Inc. (NASDAQ CTWS) opened at $61.00 on Friday. The stock has a market cap of $733.27, a P/E ratio of 29.50, a P/E/G ratio of 4.77 and a beta of 0.09. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.14 and a current ratio of 1.18. Connecticut Water Service, Inc. has a 1-year low of $50.75 and a 1-year high of $65.04.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a dividend of $0.298 per share. This represents a $1.19 annualized dividend and a yield of 1.95%. The ex-dividend date was Thursday, November 30th. Connecticut Water Service’s payout ratio is 57.77%.

CTWS has been the topic of several research reports. Barclays lifted their price objective on shares of Connecticut Water Service from $53.00 to $57.00 and gave the company an “equal weight” rating in a report on Friday, September 22nd. BidaskClub lowered shares of Connecticut Water Service from a “hold” rating to a “sell” rating in a report on Friday, August 25th. Finally, Zacks Investment Research lowered shares of Connecticut Water Service from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th.

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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).

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

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