Connecticut Water Service, Inc. (CTWS) Position Maintained by Sit Investment Associates Inc.

Sit Investment Associates Inc. held its position in shares of Connecticut Water Service, Inc. (NASDAQ:CTWS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,300 shares of the utilities provider’s stock at the end of the second quarter. Sit Investment Associates Inc.’s holdings in Connecticut Water Service were worth $294,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Connecticut Water Service by 4.0% in the first quarter. Vanguard Group Inc. now owns 679,824 shares of the utilities provider’s stock worth $36,133,000 after buying an additional 26,037 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Connecticut Water Service by 4.4% in the first quarter. Dimensional Fund Advisors LP now owns 403,585 shares of the utilities provider’s stock worth $21,450,000 after buying an additional 17,040 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Connecticut Water Service by 1.7% in the first quarter. Renaissance Technologies LLC now owns 242,200 shares of the utilities provider’s stock worth $12,873,000 after buying an additional 4,100 shares in the last quarter. State Street Corp increased its position in shares of Connecticut Water Service by 4.4% in the fourth quarter. State Street Corp now owns 231,120 shares of the utilities provider’s stock worth $12,907,000 after buying an additional 9,724 shares in the last quarter. Finally, Water Asset Management LLC increased its position in shares of Connecticut Water Service by 45.6% in the first quarter. Water Asset Management LLC now owns 208,632 shares of the utilities provider’s stock worth $11,089,000 after buying an additional 65,340 shares in the last quarter. Hedge funds and other institutional investors own 45.56% of the company’s stock.

Connecticut Water Service, Inc. (CTWS) opened at 54.72 on Friday. Connecticut Water Service, Inc. has a one year low of $45.13 and a one year high of $62.15. The firm has a market capitalization of $633.38 million, a PE ratio of 27.33 and a beta of 0.09. The stock has a 50 day moving average of $56.54 and a 200-day moving average of $54.94.

Connecticut Water Service (NASDAQ:CTWS) last released its quarterly earnings data on Tuesday, August 8th. The utilities provider reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by $0.03. The company had revenue of $29.50 million during the quarter. Connecticut Water Service had a net margin of 21.37% and a return on equity of 9.21%. On average, equities analysts predict that Connecticut Water Service, Inc. will post $2.21 EPS for the current year.

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Separately, Zacks Investment Research upgraded shares of Connecticut Water Service from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th.

Connecticut Water Service Company Profile

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).

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

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