CTWS - Connecticut Water Service, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
69.56
-0.06 (-0.09%)
At close: 4:00PM EDT
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Previous Close69.62
Open69.45
Bid16.18 x 800
Ask69.92 x 900
Day's Range69.45 - 69.96
52 Week Range48.86 - 69.96
Volume28,089
Avg. Volume58,486
Market Cap831.604M
Beta (3Y Monthly)-0.57
PE Ratio (TTM)52.30
EPS (TTM)1.33
Earnings DateNov 6, 2017 - Nov 10, 2017
Forward Dividend & Yield1.25 (1.80%)
Ex-Dividend Date2018-08-31
1y Target Est66.50
Trade prices are not sourced from all markets
  • PR Newswire4 days ago

    Connecticut Water Posts Instructional Video on How to Vote "FOR" the SJW Group Transaction

    CLINTON, Conn., Oct. 17, 2018 /PRNewswire/ -- Connecticut Water Service, Inc. (CTWS) today posted a video showing how Connecticut Water shareholders can vote with the GREEN proxy card "FOR" the transaction with SJW Group (SJW). Connecticut Water and SJW Group are an ideal combination that is in the best interests of Connecticut Water shareholders and will create benefits for customers, employees and communities. To receive significant, certain, premium value of $70 per share in cash and secure meaningful stakeholder benefits, the Connecticut Water Service Board of Directors unanimously recommends shareholders vote "FOR" the proposals related to the SJW Group transaction by phone, by Internet or by signing and returning the GREEN proxy card.

  • Connecticut Water Sends Letter to Shareholders
    PR Newswire6 days ago

    Connecticut Water Sends Letter to Shareholders

    CLINTON, Conn., Oct. 15, 2018 /PRNewswire/ -- Connecticut Water Service, Inc. (CTWS) today sent a letter to shareholders in connection with the previously announced transaction with SJW Group (SJW). The Special Meeting of Connecticut Water Shareholders to vote on the transaction will be held on November 16, 2018. The Connecticut Water Service Board of Directors unanimously recommends that shareholders "go green" and vote "FOR" the proposal to approve the SJW Group merger agreement as well as all other proposals related to the SJW Group transaction on the GREEN proxy card.

  • Connecticut Water Files Definitive Proxy Materials and Mails Letter Urging Shareholders to Vote "FOR" SJW Group Transaction at Special Meeting of Shareholders on November 16, 2018
    PR Newswire19 days ago

    Connecticut Water Files Definitive Proxy Materials and Mails Letter Urging Shareholders to Vote "FOR" SJW Group Transaction at Special Meeting of Shareholders on November 16, 2018

    CLINTON, Conn., Oct. 2, 2018 /PRNewswire/ -- Connecticut Water Service, Inc. (CTWS) today announced that it has filed definitive proxy materials with the U.S. Securities and Exchange Commission ("SEC") and is mailing a letter to shareholders in connection with the Special Meeting of Connecticut Water Shareholders to vote on the previously announced transaction with SJW Group (SJW). The Connecticut Water Service Board of Directors unanimously recommends that shareholders "go green" and vote "FOR" the proposal to approve the SJW Group merger agreement as well as all other proposals related to the SJW Group transaction on the GREEN proxy card.

  • GlobeNewswire2 months ago

    Recent Analysis Shows Connecticut Water Service, American Railcar Industries, Movado Group, Lakeland Financial, A V Homes, and NxStage Medical Market Influences — Renewed Outlook, Key Drivers of Growth

    NEW YORK, Sept. 04, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...

  • GlobeNewswire2 months ago

    PURA Approves Rate Settlement Agreement for Connecticut Water

    On Aug. 15, 2018, the Connecticut Water Company (“the Company”) received unanimous approval from the Connecticut Public Utilities Regulatory Authority (PURA) on a Settlement Agreement that was developed between the Company and the state’s consumer advocate at the Office of the Consumer Counsel (OCC). “Understanding the current economic climate and the impacts it has had on our customers and Connecticut’s municipalities, we are working hard to hold down any cost increases,” stated David C. Benoit, president and chief executive officer of Connecticut Water Service, Inc.

  • GlobeNewswire2 months ago

    Connecticut Water Service, Inc. Declares Cash Dividend

    Connecticut Water Service, Inc. (CTWS) (the “Company”) today announced that its board of directors declared a quarterly cash dividend of $0.3125 per common share payable on Sept. 18, 2018, for shareholders of record as of Sept. 4, 2018. The Company has a dividend reinvestment plan and a common stock purchase plan available to new investors, registered shareholders, and customers and employees of the Company’s regulated water utility subsidiaries. Additional information about the DRIP and a plan prospectus are available on the Investors page of the Company’s website, http://ir.ctwater.com, or upon request.

  • Reuters2 months ago

    SJW Group rejects CalWater's latest takeover bid -SJW CEO

    SJW Group has rejected the latest takeover offer from California Water Service Group , SJW's chief executive told Reuters on Friday, as it remains focused on completing its cross-country acquisition of a Connecticut-based water utility. CalWater announced late on Monday a revised proposal to acquire San Jose-based SJW for $70 per share in cash, valuing it at around $1.45 billion, having had a lower bid rejected in April. Speaking to Reuters, SJW CEO Eric Thornburg said the offer from CalWater did not give the company and its shareholders the same kind of benefits that its deal with Connecticut Water Service Inc would provide.

  • Reuters2 months ago

    SJW Group CEO says utility rejects CalWater's $1.45 bln takeover bid

    SJW Group has rejected the latest takeover offer from California Water Service Group , SJW's chief executive officer told Reuters on Friday, as it remains focused on completing its acquisition of Connecticut Water Service Inc. CalWater announced late on Monday a revised all-cash proposal to acquire San Jose-based SJW for $70 per share, valuing it at around $1.45 billion, having had a lower bid rejected in April. "The board, after careful review with our advisers and management, decided to stay the course with Connecticut Water, as we believe in the power of the deal which we have," SJW CEO Eric Thornburg told Reuters in an interview.

  • Associated Press2 months ago

    Connecticut Water Service: 2Q Earnings Snapshot

    On a per-share basis, the Clinton, Connecticut-based company said it had net income of 39 cents. The water company posted revenue of $31.5 million in the period. Connecticut Water Service shares have risen ...

  • GlobeNewswire2 months ago

    Connecticut Water Service Inc. Reports Second Quarter 2018 Results

    Total revenues include revenues generated by the Company’s three business segments: Water Operations, Service and Rentals, and Real Estate. In the second quarter of 2017, the Company had net income of $8.4 million or $0.75 per basic common share, on total revenues of $29.5 million.

  • SJW Group & Connecticut Water Amend Deal to All-Cash Affair
    Zacks2 months ago

    SJW Group & Connecticut Water Amend Deal to All-Cash Affair

    SJW Group (SJW) makes an amended all-cash offer to acquire Connecticut Water Service. The new offer provides a 33% premium to the latter's shareholders.

  • Business Wire2 months ago

    SJW Group Stockholders Representing More Than 31% of Shares Outstanding Express Support For SJW Group’s Revised Transaction with Connecticut Water

    SJW Group (SJW) today announced that members of the Moss family, stockholders who in aggregate own more than 31% of the company’s outstanding shares, have expressed support for the combination with Connecticut Water Service, Inc. (CTWS) (“Connecticut Water”) under the revised terms announced August 6, 2018. “The revised transaction will facilitate a powerful combination that should deliver significant immediate and long-term value to SJW Group stockholders.

  • Reuters2 months ago

    SJW Group makes $1.1 bln all-cash offer for Connecticut Water

    SJW Group and Connecticut Water Service Inc said on Monday they were changing from a merger to an acquisition agreement, with SJW offering to buy the New England utility for $1.1 billion in cash instead of combining stock. The switch to an all-cash offer is worth $70 per Connecticut Water share, a 33 percent premium to Connecticut Water's share price prior to the original deal announced in March, according to a joint statement. It was also higher than the implied $61.86 per share value of the Clinton, Connecticut-based firm under the merger-of-equals transaction, which would have created a combined company in which existing SJW shareholders would hold 60 percent of the stock.

  • MarketWatch2 months ago

    SJW amends buyout deal for Connecticut Water to cash from stock, raises per-share bid

    Sharses of Connecticut Water Service Inc. (ctws) shot up 9.9% in premarket trade Monday, after the water supply management company and SJW Group (sjw) announced an amendment to their merger agreement to an all-cash deal from all stock, and the in which the buyout bid increased to $70 a share. The per-share bid is 11% above Monday's closing price for Connecticut Water's stock of $62.85, is 10% above Eversource Energy's (es) per-share bid of $63.50 and 13% above the per-share value of the original Connecticut-SJW merger agreement in March.

  • Business Wire2 months ago

    SJW Group and Connecticut Water Amend Agreement; SJW Group to Acquire All Connecticut Water Shares for $70.00 per Share in Cash

    SJW Group (SJW) (“SJW Group”) and Connecticut Water Service, Inc. (CTWS) (“Connecticut Water”) today announced that they have amended the terms of their previously announced merger agreement from a stock-for-stock transaction to an all-cash acquisition of all outstanding common shares of Connecticut Water by SJW Group for $70.00 per Connecticut Water common share. The cash transaction, which has a value of $1.1 billion and an equity purchase price of $843 million, is expected to be immediately accretive to SJW Group’s earnings per share (EPS) in 2019 (post-close), increasing each year thereafter to high single-digit percentage EPS accretion in 2021.

  • PR Newswire3 months ago

    Connecticut Water Service Clarifies Mischaracterization of Eversource's Inferior Acquisition Proposal

    CLINTON, Conn., July 16, 2018 /PRNewswire/ -- Connecticut Water Service, Inc. (CTWS) today issued the following statement regarding recent mischaracterizations of Eversource Energy's (ES) July 2, 2018 acquisition proposal. To avoid any confusion regarding the terms of Eversource's revised acquisition proposal, Connecticut Water clarified that Eversource's proposal is not for $66.00 per share.  Eversource has only made a less than 1 percent increase to $64.00 per share from its prior inadequate, below market proposal.

  • Reuters3 months ago

    Connecticut Water rejects revised takeover offer from Eversource

    Connecticut Water Service Inc rejected a revised takeover offer from Eversource Energy, according to regulatory filings from both companies on Friday, insisting it would consider abandoning its planned merger with another utility only for a much higher offer. The episode is the latest in a contentious four-way water utility merger battle that emerged after Connecticut Water and SJW Group announced in March they planned to combine, with California Water Service Group also involved. Clinton-based Connecticut Water, which turned down a previous takeover proposal from Eversource Energy, said it had received a $64 per share offer on July 2, but its board unanimously rejected this as it was "inadequate and still undervalues" the company, given it was worth less than 1 percent more than the dismissed April deal.

  • PR Newswire3 months ago

    Connecticut Water Service Confirms Receipt and Evaluation of Revised Acquisition Proposal from Eversource Energy

    Eversource's Revised $64.00 Per Share Proposal Represents a Less Than 1% Increase from Previously Rejected $63.50 Per Share Proposal Following Comprehensive Review, Connecticut Water Service Board Unanimously ...

  • Is It Time To Sell Connecticut Water Service Inc (NASDAQ:CTWS) Based Off Its PE Ratio?
    Simply Wall St.4 months ago

    Is It Time To Sell Connecticut Water Service Inc (NASDAQ:CTWS) Based Off Its PE Ratio?

    I am writing today to help inform people who are new to the stock market and want to better understand how you can grow your money by investing in ConnecticutRead More...

  • PR Newswire4 months ago

    Connecticut Water Service Provides Update on Go-Shop Process

    CLINTON, Conn., June 18, 2018 /PRNewswire/ -- Connecticut Water Service, Inc. (CTWS) today announced that the deadline to submit non-binding indicative proposals under the Company's previously announced "go-shop" process has expired and that no proposals or indications of interest were received. Connecticut Water's financial advisors directly contacted more than 50 parties, including more than 20 water and regulated utilities and more than 30 financial sponsors, to determine their interest in exploring a potential transaction with Connecticut Water.

  • Moody's4 months ago

    Western Massachusetts Electric Company -- Moody's changes NSTAR Electric outlook to positive; affirms ratings of Eversource Energy, outlook stable

    Moody's Investors Service, (Moody's) affirmed NSTAR Electric Company's long and short-term ratings including its A2 Issuer Rating and Prime-1 commercial paper rating and changed its rating outlook to positive from stable. Moody's also affirmed its parent, Eversource Energy's long and short-term ratings including its Baa1 Issuer Rating and Prime-2 commercial paper rating.

  • Eversource Reaffirms Offer to Acquire Connecticut Water
    Zacks4 months ago

    Eversource Reaffirms Offer to Acquire Connecticut Water

    Eversource (ES) makes another attempt to acquire Connecticut Water Service by reaffirming its earlier bid of $63.50 per share.

  • Aqua America (WTR) Unit to Buy Limerick's Wastewater Assets
    Zacks4 months ago

    Aqua America (WTR) Unit to Buy Limerick's Wastewater Assets

    Aqua America's (WTR) unit, Aqua Pennsylvania, moves toward closing the purchase of Limerick Township's wastewater assets.

  • Reuters4 months ago

    California utilities regulator tells SJW to seek merger approval

    California's utilities regulator has told SJW Group it must seek approval for its proposed merger with Connecticut Water Service Inc, according to a document provided by the regulator to Reuters, a move that creates a potentially significant impediment to the deal. The deal is part of a contentious four-way water utility merger battle, also involving California Water Services Group and Eversource Energy. A regulatory review in California would likely extend the time needed to approve the merger by many months, given the state's active approach to oversight, analysts have said.