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Connecticut Water Service (NASDAQ:CTWS) declared a quarterly dividend on Monday, January 27th, American Banking and Market News reports. Stockholders of record on Monday, March 3rd will be given a dividend of 0.2475 per share on Monday, March 17th. This represents a $0.99 dividend on an annualized basis and a yield of 2.87%.

A number of research firms have recently commented on CTWS. Analysts at Hilliard Lyons downgraded shares of Connecticut Water Service to a “buy” rating in a research note to investors on Tuesday, January 21st. Analysts at Zacks upgraded shares of Connecticut Water Service from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, December 25th. They now have a $38.50 price target on the stock.

Connecticut Water Service (NASDAQ:CTWS) traded up 0.23% during mid-day trading on Monday, hitting $34.52. The stock had a trading volume of 22,362 shares. Connecticut Water Service has a 52-week low of $27.75 and a 52-week high of $36.45. The stock’s 50-day moving average is $34.56 and its 200-day moving average is $32.20. The company has a market cap of $380.3 million and a price-to-earnings ratio of 20.14.

Connecticut Water Service (NASDAQ:CTWS) last announced its earnings results on Monday, November 11th. The company reported $0.86 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.69 by $0.17. The company had revenue of $29.57 million for the quarter, compared to the consensus estimate of $26.65 million. During the same quarter in the prior year, the company posted $0.67 earnings per share. Analysts expect that Connecticut Water Service will post $1.74 EPS for the current fiscal year.

Connecticut Water Service, Inc is a non-operating holding company. The Company operates in three segments: Water Activities, Real Estate Transactions and Services and Rentals.

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