CTWS - Connecticut Water Service, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
68.56
+0.63 (+0.93%)
At close: 4:00PM EST
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Previous Close67.93
Open67.92
Bid15.86 x 1000
Ask68.84 x 1100
Day's Range67.92 - 68.69
52 Week Range48.86 - 70.30
Volume16,340
Avg. Volume44,619
Market Cap826.127M
Beta (3Y Monthly)-0.44
PE Ratio (TTM)43.59
EPS (TTM)1.57
Earnings DateNov 6, 2017 - Nov 10, 2017
Forward Dividend & Yield1.25 (1.84%)
Ex-Dividend Date2018-11-30
1y Target Est66.50
Trade prices are not sourced from all markets
  • GlobeNewswire10 days ago

    Detailed Research: Economic Perspectives on Energy Fuels, Golden Ocean Group, Net Element, Connecticut Water Service, Pan American Silver, and Golar LNG — What Drives Growth in Today's Competitive Landscape

    NEW YORK, Dec. 04, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.

  • American Water's (AWK) Kentucky Unit Files for Rate Revision
    Zacks14 days ago

    American Water's (AWK) Kentucky Unit Files for Rate Revision

    American Water's (AWK) unit, Kentucky Public, files for a rate hike to recoup $100 million investment to strengthen the water infrastructure.

  • GlobeNewswire25 days ago

    Connecticut Water Service, Inc. Board Approves $85.7 Million Capital Spending Plan for 2019 and Declares Dividend

    Connecticut Water Service, Inc. (CTWS) announced today that the Company’s Board of Directors approved an overall $85.7 million Capital Spending Plan for 2019 for its regulated public water and wastewater utilities. More than 41 percent of the capital spending planned for 2019, or $35.4 million, is allocated for pipeline replacement and other projects eligible through Connecticut’s Water Infrastructure and Conservation Adjustment (WICA) and Maine’s Water Infrastructure Charge (WISC) programs. “Our planned 2019 capital spending represents our long-standing record of and unwavering commitment to investing in the infrastructure needed to serve families and communities,” David C. Benoit, CTWS’s President and CEO stated.

  • PR Newswire28 days ago

    Connecticut Water Shareholders Approve SJW Group Merger Agreement

    CLINTON, Conn., Nov. 16, 2018 /PRNewswire/ -- Connecticut Water Service, Inc. (CTWS) today announced that its shareholders overwhelmingly voted to approve the Company's proposed merger agreement with SJW Group (SJW) at the Special Meeting of Shareholders held today. Carol P. Wallace, Chairman of the Connecticut Water Service Board of Directors, said, "We appreciate the strong support from our shareholders and look forward to delivering significant value to our shareholders and meaningful benefits to our customers, employees and the communities we serve. Together with SJW Group, we will create a new leading, national, pure-play water company focused on reliability, superior service and environmental stewardship.

  • Associated Presslast month

    Connecticut Water Service: 3Q Earnings Snapshot

    On a per-share basis, the Clinton, Connecticut-based company said it had profit of $1.13. Earnings, adjusted for costs related to mergers and acquisitions, were $1.31 per share. The water company posted ...

  • GlobeNewswirelast month

    Connecticut Water Service Inc. Reports Third Quarter 2018 Results

    Connecticut Water Service, Inc. (CTWS) (“Connecticut Water”) announced net income of $13.7 million or $1.15 earnings per basic common share (“EPS”) for the third quarter of 2018 on total revenues of $39.3 million. Total revenues include revenues generated by Connecticut Water’s three business segments: Water Operations, Service and Rentals, and Real Estate. The improvements in Non-GAAP Adjusted Net Income in 2018 were primarily driven by increases in revenues resulting from general rate increases authorized in both Connecticut and Maine, as well as increases in Water Infrastructure and Conservation Adjustment (“WICA”) and Water Infrastructure Charge (“WISC”) surcharges.

  • PR Newswirelast month

    Second Leading Independent Proxy Advisory Firm Recommends Connecticut Water Shareholders Vote "FOR" the SJW Group Transaction

    Glass Lewis Joins ISS in Recommending that Connecticut Water Shareholders Vote "FOR" on the GREEN Proxy Card Special Meeting of Shareholders Only Eight Days Away; To Learn More about How to Vote, ...

  • PR Newswirelast month

    Leading Independent Proxy Advisory Firm ISS Recommends Connecticut Water Shareholders Vote "FOR" the SJW Group Transaction

    Carol P. Wallace, Chairman of the Connecticut Water Service Board, said, "We are pleased that ISS recognizes the compelling value that Connecticut Water shareholders will receive through this transaction and the thorough process that the Connecticut Water Service Board undertook. Importantly, the $70.00 per share cash offer represents a 33% premium to Connecticut Water's unaffected closing stock price on March 14, 20182 and exceeds our all-time high closing stock price,3 which underscores the tremendous and immediate upside created by this transaction.

  • GlobeNewswirelast month

    Connecticut Water Service Enters into Agreement with Connecticut Fund for the Environment to Protect Lands and Water Resources

    Attorney Curtis Johnson, President, and Katherine Fiedler, Legal Fellow, signed the agreement on behalf of CFE and indicated that CFE would file a brief in the pending docket for the merger of Connecticut Water and SJW Group. The brief would note that CFE “…does not oppose the transaction and that it supports the provisions [in the agreement] that provide for additional safeguards and are in the public interest.”  In a prior brief that was filed with PURA in the pending docket on October 26, 2018, CFE noted that, “…these conditions will have mutually beneficial outcomes for the State [of Connecticut] and the Companies and will serve the public interest.” The agreement is also responsive to comments related to water company lands filed by members of the public in the pending docket.

  • GlobeNewswire2 months ago

    New Research Coverage Highlights Immune Design, QAD, Overseas Shipholding Group, Connecticut Water Service, Westport Fuel, and Monmouth Real Estate Investment — Consolidated Revenues, Company Growth, and Expectations for 2018

    NEW YORK, Oct. 25, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.

  • PR Newswire2 months 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 Newswire2 months 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 Newswire2 months 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.

  • Reuters4 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.

  • Reuters4 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 Press4 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 ...

  • SJW Group & Connecticut Water Amend Deal to All-Cash Affair
    Zacks4 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 Wire4 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.

  • Reuters4 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.