Millennium Management LLC Sells 70,383 Shares of Connecticut Water Service Inc (CTWS)

Millennium Management LLC decreased its position in Connecticut Water Service Inc (NASDAQ:CTWS) by 57.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,235 shares of the utilities provider’s stock after selling 70,383 shares during the quarter. Millennium Management LLC owned approximately 0.43% of Connecticut Water Service worth $3,426,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Connecticut Water Service by 1.9% during the fourth quarter. BlackRock Inc. now owns 943,690 shares of the utilities provider’s stock valued at $63,106,000 after buying an additional 17,517 shares during the last quarter. Vanguard Group Inc boosted its position in shares of Connecticut Water Service by 7.7% during the third quarter. Vanguard Group Inc now owns 734,907 shares of the utilities provider’s stock valued at $50,981,000 after buying an additional 52,256 shares during the last quarter. Vanguard Group Inc. boosted its position in Connecticut Water Service by 7.7% in the third quarter. Vanguard Group Inc. now owns 734,907 shares of the utilities provider’s stock worth $50,981,000 after purchasing an additional 52,256 shares during the last quarter. Renaissance Technologies LLC boosted its position in Connecticut Water Service by 7.3% in the third 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. Finally, Morgan Stanley boosted its position in Connecticut Water Service by 163.3% in the third quarter. Morgan Stanley now owns 203,187 shares of the utilities provider’s stock worth $14,096,000 after purchasing an additional 126,015 shares during the last quarter. Institutional investors and hedge funds own 51.14% of the company’s stock.

Shares of NASDAQ CTWS traded up $0.07 during trading on Friday, hitting $69.67. The company had a trading volume of 24,930 shares, compared to its average volume of 26,927. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.88. Connecticut Water Service Inc has a 12 month low of $62.05 and a 12 month high of $70.44. The company has a market capitalization of $840.22 million, a P/E ratio of 30.42 and a beta of -0.03.

Connecticut Water Service (NASDAQ:CTWS) last posted its quarterly earnings data on Wednesday, May 8th. The utilities provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.02). Connecticut Water Service had a return on equity of 8.72% and a net margin of 16.21%. The company had revenue of $27.86 million during the quarter. Research analysts anticipate that Connecticut Water Service Inc will post 2.3 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a $0.3275 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.31 annualized dividend and a dividend yield of 1.88%. This is an increase from Connecticut Water Service’s previous quarterly dividend of $0.31. Connecticut Water Service’s dividend payout ratio (DPR) is 54.59%.

Several research analysts have issued reports on CTWS shares. BidaskClub cut Connecticut Water Service from a “hold” rating to a “sell” rating in a research report on Wednesday, February 20th. TheStreet cut Connecticut Water Service from a “b” rating to a “c+” rating in a research report on Thursday, March 7th. Zacks Investment Research cut Connecticut Water Service from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd. Finally, Wells Fargo & Co reissued a “hold” rating on shares of Connecticut Water Service in a research report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $66.50.

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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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