Renaissance Technologies LLC Has $15.10 Million Stake in Connecticut Water Service, Inc. (CTWS)

Renaissance Technologies LLC increased its stake in shares of Connecticut Water Service, Inc. (NASDAQ:CTWS) by 9.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 263,000 shares of the utilities provider’s stock after acquiring an additional 22,600 shares during the period. Renaissance Technologies LLC’s holdings in Connecticut Water Service were worth $15,099,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Connecticut Water Service by 3.7% during the 4th quarter. BlackRock Inc. now owns 852,846 shares of the utilities provider’s stock valued at $48,963,000 after acquiring an additional 30,374 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Connecticut Water Service by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 429,122 shares of the utilities provider’s stock valued at $25,447,000 after acquiring an additional 3,999 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Connecticut Water Service by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 121,456 shares of the utilities provider’s stock valued at $6,972,000 after acquiring an additional 1,924 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Connecticut Water Service by 6.9% during the 4th quarter. Bank of New York Mellon Corp now owns 99,497 shares of the utilities provider’s stock valued at $5,711,000 after acquiring an additional 6,396 shares during the last quarter. Finally, Nuance Investments LLC acquired a new position in shares of Connecticut Water Service during the 4th quarter valued at about $3,704,000. 47.76% of the stock is currently owned by institutional investors and hedge funds.

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A number of research analysts have recently commented on the company. UBS assumed coverage on Connecticut Water Service in a report on Thursday, March 8th. They set a “neutral” rating and a $53.00 price objective on the stock. BidaskClub lowered Connecticut Water Service from a “sell” rating to a “strong sell” rating in a report on Saturday, January 6th. Finally, Zacks Investment Research raised Connecticut Water Service from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 6th.

Shares of NASDAQ CTWS opened at $60.53 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 0.86. The stock has a market cap of $717.95, a PE ratio of 26.78 and a beta of 0.05. Connecticut Water Service, Inc. has a 52 week low of $48.86 and a 52 week high of $65.04.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were paid a dividend of $0.2975 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.19 annualized dividend and a yield of 1.97%. Connecticut Water Service’s payout ratio is 52.65%.

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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. The Real Estate Transactions segment is involved in the sale or donation of its real estate holdings.

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

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