Connecticut Water Service Company Profile (NASDAQ:CTWS)

About Connecticut Water Service

Connecticut Water Service logoConnecticut 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). It operates through three segments: Water Operations, Real Estate Transactions, and Services and Rentals. The Water Operations segment consists of its regulated water activities to supply public drinking water to customers. The Real Estate Transactions segment involves the sale or donation for income tax benefits of its real estate holdings. The Services and Rentals segment provides contracted services to water and wastewater utilities and other clients, and also leases certain of the Company's properties to third parties through unregulated companies in the State of Connecticut and through Maine Water in the State of Maine.

Industry, Sector and Symbol:
  • Sector: Utilities
  • Industry: Water Utilities
  • Sub-Industry: Water Utilities
  • Exchange: NASDAQ
  • Symbol: CTWS
  • CUSIP: 20779710
Key Metrics:
  • Previous Close: $53.96
  • 50 Day Moving Average: $53.98
  • 200 Day Moving Average: $52.13
  • 52-Week Range: $40.67 - $58.32
  • Trailing P/E Ratio: 24.39
  • Foreward P/E Ratio: 23.98
  • P/E Growth: 4.43
  • Market Cap: $606.51M
  • Outstanding Shares: 11,240,000
  • Beta: 0.03
Profitability:
  • Net Margins: 24.15%
  • Return on Equity: 10.82%
  • Return on Assets: 3.36%
Debt:
  • Debt-to-Equity Ratio: 0.84%
  • Current Ratio: 0.88%
  • Quick Ratio: 0.84%
Additional Links:
Companies Related to Connecticut Water Service:

Analyst Ratings

Consensus Ratings for Connecticut Water Service (NASDAQ:CTWS) (?)
Ratings Breakdown: 2 Hold Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $52.00 (3.63% downside)

Analysts' Ratings History for Connecticut Water Service (NASDAQ:CTWS)
Show:
DateFirmActionRatingPrice TargetDetails
9/6/2016Barclays PLCInitiated CoverageEqual Weight$52.00View Rating Details
4/19/2016Hilliard LyonsDowngradeBuy -> NeutralView Rating Details
2/1/2016Wells Fargo & CompanyDowngradeOutperform -> Market PerformView Rating Details
(Data available from 2/20/2015 forward)

Earnings

Earnings History for Connecticut Water Service (NASDAQ:CTWS)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
3/13/2017        
11/8/2016Q3 2016$0.82$0.84$30.50 million$31.20 millionViewN/AView Earnings Details
5/9/2016Q1$0.32$0.28ViewN/AView Earnings Details
3/14/2016Q4$0.22$0.17ViewN/AView Earnings Details
11/6/2015Q315$0.80$0.79$28.70 million$30.50 millionViewN/AView Earnings Details
8/7/2015Q414$0.69$0.77$25.46 million$26.62 millionViewN/AView Earnings Details
3/16/2015$0.21$0.22ViewN/AView Earnings Details
11/25/2014$0.78$0.76ViewN/AView Earnings Details
11/7/2014Q314$0.77$0.76$27.60 million$29.40 millionViewN/AView Earnings Details
8/11/2014$0.79$0.67$27.62 million$27.30 millionViewN/AView Earnings Details
5/8/2014Q114$0.28$0.27$20.83 million$22.00 millionViewN/AView Earnings Details
3/17/2014$0.25$0.17ViewN/AView Earnings Details
11/11/2013Q313$0.69$0.86$26.65 million$29.57 millionViewN/AView Earnings Details
8/12/2013Q2 2013$0.36$0.36$22.71 million$22.90 millionViewN/AView Earnings Details
5/9/2013Q1 2013$0.23$0.24$20.20 million$19.73 millionViewN/AView Earnings Details
3/18/2013Q4 2012$0.17$0.16$18.56 million$19.50 millionViewN/AView Earnings Details
11/9/2012Q312$0.54$0.69$28.58 million$26.50 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Connecticut Water Service (NASDAQ:CTWS)
Current Year EPS Consensus Estimate: $2.15 EPS
Next Year EPS Consensus Estimate: $2.25 EPS

Dividends

Current Dividend Information for Connecticut Water Service (NASDAQ:CTWS)
Annual Dividend:$1.13
Dividend Yield:2.09%
Dividend Growth:4.40% (3 Year Average)
Payout Ratio:51.13% (Based on Trailing 12 Months of Earnings)
52.56% (Based on Current Year Consensus EPS Estimate)
50.22% (Based on Next Year Consensus EPS Estimate)
Track Record:47 Years of Consecutive Dividend Growth

Dividend History for Connecticut Water Service (NASDAQ:CTWS)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
1/24/2017quarterly$0.282.06%2/27/20173/1/20173/15/2017
11/11/2016quarterly$0.282.13%11/29/201612/1/201612/15/2016
8/26/2016quarterly$0.282.29%8/30/20169/1/20169/15/2016
5/16/2016quarterly$0.282.31%5/27/20166/1/20166/15/2016
1/25/2016quarterly$0.272.67%2/26/20163/1/20163/15/2016
11/20/2015quarterly$0.272.97%11/27/201512/1/201512/15/2015
8/21/2015quarterly$0.273.09%8/28/20159/1/20159/15/2015
5/11/2015quarterly$0.262.97%5/28/20156/1/20156/15/2015
1/26/2015quarterly$0.262.77%2/26/20153/2/20153/16/2015
11/14/2014quarterly$0.262.85%11/26/201412/1/201412/15/2014
8/15/2014quarterly$0.263.12%8/28/20149/2/20149/16/2014
5/12/2014quarterly$0.253.02%5/29/20146/2/20146/16/2014
1/27/2014quarterly$0.252.9%2/27/20143/3/20143/17/2014
11/15/2013quarterly$0.252.95%11/27/201312/2/201312/16/2013
8/15/2013quarterly$0.253.23%8/28/20139/2/20139/16/2013
5/10/2013quarterly$0.243.37%5/30/20136/3/20136/17/2013
1/25/2013quarterly$0.243.28%2/27/20133/1/20133/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Connecticut Water Service (NASDAQ:CTWS)
Insider Ownership Percentage: 2.58%
Institutional Ownership Percentage: 46.44%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/12/2012A Kristen JohnsonVPBuy1,000$29.25$29,250.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Connecticut Water Service (NASDAQ:CTWS)
DateHeadline
capitalcube.com logoConnecticut Water Service, Inc. breached its 50 day moving average in a Bullish Manner : CTWS-US : January 26, 2017 (NASDAQ:CTWS)
www.capitalcube.com - January 26 at 5:45 PM
capitalcube.com logoConnecticut Water Service, Inc. : CTWS-US: Dividend Analysis : December 01st, 2016 (record date) : By the numbers : January 25, 2017 (NASDAQ:CTWS)
www.capitalcube.com - January 25 at 5:44 PM
finance.yahoo.com logoConnecticut Water Service, Inc. Declares Dividends and Sets Date for Annual Meeting of Shareholders (NASDAQ:CTWS)
finance.yahoo.com - January 23 at 4:55 PM
4-traders.com logoConnecticut Water Service : Westbrook Appointed To Alliance For Water Efficiency Board (NASDAQ:CTWS)
www.4-traders.com - January 19 at 5:49 PM
finance.yahoo.com logoAqua America Issues 2017 Outlook, Customer Base to Grow (NASDAQ:CTWS)
finance.yahoo.com - January 18 at 4:54 PM
marketexclusive.com logoConnecticut Water Service, Inc. (OTCMKTS:CTWSO) Files An 8-K Entry into a Material Definitive Agreement (NASDAQ:CTWS)
marketexclusive.com - January 11 at 5:01 PM
biz.yahoo.com logoCONNECTICUT WATER SERVICE INC / CT Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Dire (NASDAQ:CTWS)
biz.yahoo.com - January 11 at 5:01 PM
capitalcube.com logoConnecticut Water Service, Inc. – Value Analysis (NASDAQ:CTWS) : January 11, 2017 (NASDAQ:CTWS)
www.capitalcube.com - January 11 at 5:01 PM
capitalcube.com logoConnecticut Water Service, Inc. breached its 50 day moving average in a Bearish Manner : CTWS-US : January 10, 2017 (NASDAQ:CTWS)
www.capitalcube.com - January 10 at 5:32 PM
4-traders.com logoConnecticut Water Service : Selectmen Agree to Settle Water Companies Suit (NASDAQ:CTWS)
www.4-traders.com - December 22 at 3:25 AM
News IconIs Connecticut Water Service Inc (CTWS) A Good Stock To Buy? (NASDAQ:CTWS)
feedproxy.google.com - December 19 at 7:40 AM
4-traders.com logoCONNECTICUT WATER SERVICE INC / CT : Financial Statements and Exhibits (form 8-K) (NASDAQ:CTWS)
www.4-traders.com - December 16 at 5:00 PM
biz.yahoo.com logoCONNECTICUT WATER SERVICE INC / CT Files SEC form 8-K, Financial Statements and Exhibits (NASDAQ:CTWS)
biz.yahoo.com - December 16 at 5:00 PM
seekingalpha.com logoConnecticut Water Service (CTWS) CEO Eric Thornburg on Second Annual Investor-Analyst Conference Call Results (Transcript) (NASDAQ:CTWS)
seekingalpha.com - December 15 at 3:41 AM
seekingalpha.com logoConnecticut Water Service, Inc. 2016 Q4 - Results - Earnings Call Slides (NASDAQ:CTWS)
seekingalpha.com - December 14 at 3:17 AM
biz.yahoo.com logoCONNECTICUT WATER SERVICE INC / CT Files SEC form 8-K, Other Events, Financial Statements and Exhibits (NASDAQ:CTWS)
biz.yahoo.com - December 13 at 9:13 AM
marketexclusive.com logoConnecticut Water Service, Inc. (NASDAQ:CTWSO) Files An 8-K Other Events (NASDAQ:CTWS)
marketexclusive.com - December 12 at 4:52 PM
us.rd.yahoo.com logoPURA Approves Connecticut Water’s Acquisition of Heritage Village Water Company (NASDAQ:CTWS)
us.rd.yahoo.com - December 8 at 5:16 PM
us.rd.yahoo.com logo9:06 am Connecticut Water announces that the State of Connecticut's Public Utilities Regulatory Authority has approved its application to acquire the Heritage Village Water Company; closing on the transaction is expected in 1Q17 (NASDAQ:CTWS)
us.rd.yahoo.com - December 8 at 5:16 PM
biz.yahoo.com logoCONNECTICUT WATER SERVICE INC / CT Files SEC form 8-K, Other Events (NASDAQ:CTWS)
biz.yahoo.com - December 8 at 5:16 PM
capitalcube.com logoETFs with exposure to Connecticut Water Service, Inc. : December 8, 2016 (NASDAQ:CTWS)
www.capitalcube.com - December 8 at 5:16 PM
finance.yahoo.com logoConnecticut Water to Host Second Annual Analyst-Investor Conference Call and Webcast on December 13, 2016 (NASDAQ:CTWS)
finance.yahoo.com - December 6 at 4:50 PM
finance.yahoo.com logoConnecticut Water Service Inc. Presentation Now Available for On-Demand Viewing (NASDAQ:CTWS)
finance.yahoo.com - December 5 at 12:12 PM
finance.yahoo.com logoMaine Water Announces the Retirement of its President, Judy Wallingford, and Promotion of Richard Knowlton as her Successor (NASDAQ:CTWS)
finance.yahoo.com - December 2 at 9:28 AM
finance.yahoo.com logoConnecticut Water Service Inc. to Webcast, Live, at VirtualInvestorConferences.com December 1 (NASDAQ:CTWS)
finance.yahoo.com - November 30 at 10:19 AM
capitalcube.com logoETFs with exposure to Connecticut Water Service, Inc. : November 23, 2016 (NASDAQ:CTWS)
www.capitalcube.com - November 23 at 4:16 PM
capitalcube.com logoConnecticut Water Service, Inc. :CTWS-US: Earnings Analysis: Q3, 2016 By the Numbers : November 21, 2016 (NASDAQ:CTWS)
www.capitalcube.com - November 21 at 4:47 PM
finance.yahoo.com logoConnecticut Water's Buyouts Bode Well, Regulations Sting (NASDAQ:CTWS)
finance.yahoo.com - November 17 at 9:39 AM
finance.yahoo.com logoConnecticut Water Service, Inc. to Webcast, Live, at VirtualInvestorConferences.com on December 1 (NASDAQ:CTWS)
finance.yahoo.com - November 17 at 9:39 AM
4-traders.com logoConnecticut Water Service : CTWS) Files An 8-K Other Events (NASDAQ:CTWS)
www.4-traders.com - November 16 at 4:33 PM
streetinsider.com logoConnecticut Water Service (CTWS) Declares $0.2825 Quarterly Dividend; Capital Spending Plan for FY17 Approved (NASDAQ:CTWS)
www.streetinsider.com - November 11 at 1:32 PM
publicnow.com logoConnecticut Water Service, Inc. Board Approves $55.4 Million Capital Spending Plan for 2017 and Declares Dividends (NASDAQ:CTWS)
www.publicnow.com - November 10 at 10:33 PM
finance.yahoo.com logo6:10 pm Connecticut Water approves $55.4 mln capital spending plan for 2017 (NASDAQ:CTWS)
finance.yahoo.com - November 10 at 10:33 PM
finance.yahoo.com logoConnecticut Water (CTWS) Misses Earnings Estimates in Q3 (NASDAQ:CTWS)
finance.yahoo.com - November 9 at 1:36 PM
cnbc.com logoConnecticut Water Service posts 3Q profit (NASDAQ:CTWS)
www.cnbc.com - November 8 at 9:54 PM
nasdaq.com logoConnecticut Water Service, Inc. Reports Nine Month Earnings (NASDAQ:CTWS)
www.nasdaq.com - November 8 at 9:54 PM
seekingalpha.com logoConnecticut Water Service beats by $0.02, beats on revenue (NASDAQ:CTWS)
seekingalpha.com - November 8 at 1:50 PM
feeds.reuters.com logoBRIEF-Connecticut Water Service Inc Q3 earnings per share $0.86 (NASDAQ:CTWS)
feeds.reuters.com - November 8 at 12:38 PM
publicnow.com logoConnecticut Water Service, Inc. to Present at the Southwest IDEAS Investor Conference on November 16 in Dallas (NASDAQ:CTWS)
www.publicnow.com - November 2 at 4:33 PM
4-traders.com logoConnecticut Water Service : Urges Voluntary Water Conservation (NASDAQ:CTWS)
www.4-traders.com - October 18 at 9:31 AM
publicnow.com logoConnecticut Water Urges Voluntary Water Conservation (NASDAQ:CTWS)
www.publicnow.com - October 18 at 9:31 AM
finance.yahoo.com logoConnecticut Water (CTWS) to Acquire Avon Water for $36.6M (NASDAQ:CTWS)
finance.yahoo.com - October 13 at 4:28 PM
News IconAvon Water Co. to join CT Water Service in $32M deal (NASDAQ:CTWS)
www.hartfordbusiness.com - October 12 at 9:50 PM
News IconFarmington Customers Notified That Avon Water Company and Connecticut Water Service are Joining Forces (NASDAQ:CTWS)
patch.com - October 12 at 9:50 PM
streetinsider.com logoConnecticut Water Service (CTWS) to Acquire Avon Water Company in $32.4M Deal (NASDAQ:CTWS)
www.streetinsider.com - October 12 at 9:50 PM
publicnow.com logoAvon Water Company to join Connecticut Water (NASDAQ:CTWS)
www.publicnow.com - October 12 at 9:14 AM
feeds.reuters.com logoBRIEF-Avon Water Company to join Connecticut Water (NASDAQ:CTWS)
feeds.reuters.com - October 12 at 8:52 AM
capitalcube.com logoConnecticut Water Service, Inc. – Value Analysis (NASDAQ:CTWS) : October 5, 2016 (NASDAQ:CTWS)
www.capitalcube.com - October 5 at 4:42 PM
capitalcube.com logoConnecticut Water Service, Inc. breached its 50 day moving average in a Bearish Manner : CTWS-US : October 4, 2016 (NASDAQ:CTWS)
www.capitalcube.com - October 4 at 9:21 AM
4-traders.com logoCONNECTICUT WATER SERVICE INC / CT : Other Events, Financial Statements and Exhibits (form 8-K) (NASDAQ:CTWS)
www.4-traders.com - September 17 at 9:14 AM

Social

What is Connecticut Water Service's stock symbol?

Connecticut Water Service trades on the NASDAQ under the ticker symbol "CTWS."

How often does Connecticut Water Service pay dividends? What is the dividend yield for Connecticut Water Service?

Connecticut Water Service declared a quarterly dividend on Tuesday, January 24th. Shareholders of record on Wednesday, March 1st will be given a dividend of $0.2825 per share on Wednesday, March 15th. This represents a $1.13 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Monday, February 27th.

Where is Connecticut Water Service's stock going? Where will Connecticut Water Service's stock price be in 2017?

2 analysts have issued 12 month price targets for Connecticut Water Service's shares. Their predictions range from $52.00 to $52.00. On average, they expect Connecticut Water Service's stock price to reach $52.00 in the next twelve months.

When will Connecticut Water Service announce their earnings?

Connecticut Water Service is scheduled to release their next quarterly earnings announcement on Monday, March, 13th 2017.

What are analysts saying about Connecticut Water Service stock?

Here are some recent quotes from research analysts about Connecticut Water Service stock:

  • According to Zacks Investment Research, "Shares of Connecticut Water Services returned higher than the broader industry in the last twelve month. The company continues to strengthen its existing infrastructure through regular capital investments, which is a must for the water utility space. In addition, customer expansion in its service territories is boosting demand while a constructive regulatory environment is helping the company generate additional revenues. Strategic acquisitions continue to be part of Connecticut Water’s growth strategy. However the company is subject to stringent environment regulations, demand variations with weather patterns, risk of failure of water mains and contamination of water sources which are the primary headwinds for the company." (1/10/2017)

  • Barclays PLC analysts commented, "We see potential upside growth from tuck in acquisitions and acceleration of main replacement. We see potential downside risks from regulatory outcomes and customer bill impacts if repair tax accounting does not continue," analyst Daniel Ford wrote in a note.Related Link: FDA Orders Stores To Cleanse Their Shelves Of Ineffective Hand SoapsHowever, the analyst noted a key risk in the form of regulation as about 95 percent of the company's earnings are regulated. The company operates in Connecticut and Maine, with the Connecticut jurisdiction being consolidated and Maine having multiple regulatory jurisdictions. "Both Maine and Connecticut have decoupling in place as well as DSIC like trackers to allow for the contemporaneous return of certain capital investments," (9/6/2016)

Who owns Connecticut Water Service stock?

Connecticut Water Service's stock is owned by a number of of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (3.44%), Renaissance Technologies LLC (2.12%), State Street Corp (2.06%), Franklin Resources Inc. (1.55%), Westwood Holdings Group Inc. (1.07%) and Cutter & CO Brokerage Inc. (0.82%).

Who sold Connecticut Water Service stock? Who is selling Connecticut Water Service stock?

Connecticut Water Service's stock was sold by a variety of institutional investors in the last quarter, including Westwood Holdings Group Inc., Martingale Asset Management L P, Bessemer Group Inc., Guggenheim Capital LLC and Baird Financial Group Inc..

Who bought Connecticut Water Service stock? Who is buying Connecticut Water Service stock?

Connecticut Water Service's stock was bought by a variety of institutional investors in the last quarter, including Cutter & CO Brokerage Inc., Russell Investments Group Ltd., Dimensional Fund Advisors LP, State Street Corp, Summit Global Investments, Teton Advisors Inc., Renaissance Technologies LLC and AQR Capital Management LLC.

How do I buy Connecticut Water Service stock?

Shares of Connecticut Water Service can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Connecticut Water Service stock cost?

One share of Connecticut Water Service stock can currently be purchased for approximately $53.96.

Connecticut Water Service (NASDAQ:CTWS) Chart for Monday, February, 20, 2017


Institutional Ownership Chart

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

Earnings History Chart

Earnings by Quarter for Connecticut Water Service (NASDAQ:CTWS)

Dividend History Chart

Dividend Payments by Quarter for Connecticut Water Service (NASDAQ:CTWS)

Last Updated on 2/20/2017 by MarketBeat.com Staff