Media stories about Connecticut Water Service (NASDAQ:CTWS) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Connecticut Water Service earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave media stories about the utilities provider an impact score of 45.9619422470802 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- Brokerages Anticipate Connecticut Water Service, Inc. (CTWS) to Announce $0.88 EPS (americanbankingnews.com)
- ETFs with exposure to Connecticut Water Service, Inc. : September 22, 2017 (finance.yahoo.com)
- Connecticut Water Service, Inc. : CTWS-US: Dividend Analysis : September 01st, 2017 (record date) : By the numbers : September 22, 2017 (finance.yahoo.com)
- Barclays PLC Raises Connecticut Water Service, Inc. (CTWS) Price Target to $57.00 (americanbankingnews.com)
- Connecticut Water Service, Inc. :CTWS-US: Earnings Analysis: Q2, 2017 By the Numbers : September 21, 2017 (finance.yahoo.com)
Shares of Connecticut Water Service (NASDAQ CTWS) traded up 0.58% during trading on Friday, hitting $57.38. The stock had a trading volume of 28,504 shares. The stock has a market cap of $664.17 million, a P/E ratio of 28.66 and a beta of 0.10. Connecticut Water Service has a one year low of $48.00 and a one year high of $62.15. The stock’s 50 day moving average price is $55.62 and its 200-day moving average price is $55.10.
Connecticut Water Service (NASDAQ:CTWS) last released its quarterly earnings data on Tuesday, August 8th. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.03). The firm had revenue of $29.50 million for the quarter. Connecticut Water Service had a return on equity of 9.21% and a net margin of 21.37%. Analysts expect that Connecticut Water Service will post $2.21 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a dividend of $0.298 per share. The ex-dividend date was Wednesday, August 30th. This represents a $1.19 annualized dividend and a dividend yield of 2.08%. Connecticut Water Service’s dividend payout ratio (DPR) is currently 59.50%.
A number of equities analysts have recently issued reports on CTWS shares. Barclays PLC upped their price target on Connecticut Water Service from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Friday. BidaskClub downgraded Connecticut Water Service from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Finally, Zacks Investment Research raised Connecticut Water Service from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research report on Wednesday, August 16th.
In other news, VP Maureen P. Westbrook sold 1,500 shares of Connecticut Water Service stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $55.94, for a total transaction of $83,910.00. Following the completion of the sale, the vice president now directly owns 37,179 shares of the company’s stock, valued at approximately $2,079,793.26. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.52% of the stock is currently owned by insiders.
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),The Avon Water Company (AWC) and Chester Realty Company (Chester Realty).
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