Connecticut Water Service, Inc. (NASDAQ:CTWS) has received an average broker rating score of 3.00 (Hold) from the three brokers that cover the company, Zacks Investment Research reports. Three equities research analysts have rated the stock with a hold recommendation.

Brokers have set a one year consensus price objective of $56.00 for the company and are expecting that the company will post $0.68 EPS for the current quarter, according to Zacks. Zacks has also assigned Connecticut Water Service an industry rank of 110 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research upgraded Connecticut Water Service from a “sell” rating to a “hold” rating in a research report on Tuesday, March 21st.

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of Montreal Can boosted its position in shares of Connecticut Water Service by 137.5% in the first quarter. Bank of Montreal Can now owns 1,983 shares of the utilities provider’s stock worth $105,000 after buying an additional 1,148 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Connecticut Water Service by 0.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,333 shares of the utilities provider’s stock worth $187,000 after buying an additional 13 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new position in shares of Connecticut Water Service during the fourth quarter worth approximately $204,000. Ameriprise Financial Inc. bought a new position in shares of Connecticut Water Service during the first quarter worth approximately $244,000. Finally, Sit Investment Associates Inc. boosted its position in shares of Connecticut Water Service by 381.8% in the first quarter. Sit Investment Associates Inc. now owns 5,300 shares of the utilities provider’s stock worth $282,000 after buying an additional 4,200 shares during the last quarter. Institutional investors own 45.83% of the company’s stock.

Connecticut Water Service (NASDAQ:CTWS) opened at 54.60 on Wednesday. Connecticut Water Service has a one year low of $45.13 and a one year high of $62.15. The firm has a market capitalization of $631.39 million, a PE ratio of 25.31 and a beta of 0.09. The firm has a 50 day moving average of $55.67 and a 200 day moving average of $54.65.

Connecticut Water Service (NASDAQ:CTWS) last issued its quarterly earnings results on Monday, May 8th. The utilities provider reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.01. Connecticut Water Service had a return on equity of 10.13% and a net margin of 23.22%. The company had revenue of $24.21 million during the quarter. Equities analysts forecast that Connecticut Water Service will post $2.19 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were given a $0.2975 dividend. The ex-dividend date was Tuesday, May 30th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 2.18%. This is a boost from Connecticut Water Service’s previous quarterly dividend of $0.28. Connecticut Water Service’s dividend payout ratio (DPR) is presently 55.09%.

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About Connecticut Water Service

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) and Chester Realty Company (Chester Realty).

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