CTWS - Connecticut Water Service, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
69.67
-0.05 (-0.07%)
At close: 4:00PM EDT
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Previous Close69.72
Open69.44
Bid68.44 x 1000
Ask70.10 x 1100
Day's Range69.44 - 70.00
52 Week Range62.80 - 70.50
Volume31,452
Avg. Volume34,326
Market Cap840.812M
Beta (3Y Monthly)-0.03
PE Ratio (TTM)39.56
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield1.31 (1.88%)
Ex-Dividend Date2019-08-30
1y Target EstN/A
Trade prices are not sourced from all markets
All
News
Press Releases
  • GlobeNewswire

    Connecticut Water Service Inc. Declares Dividend

    CLINTON, Conn., Aug. 16, 2019 -- Connecticut Water Service Inc. (Nasdaq: CTWS) today announced that its board of directors declared a quarterly cash dividend of $0.3275 per.

  • GlobeNewswire

    Connecticut Water Service, Inc., Reports Second Quarter 2019 Results

    CLINTON, Conn., Aug. 08, 2019 -- Operating Revenues Increased 2.5 Percent Net Income Increased $1.0 Million, or $0.09 per Share  Connecticut Water Service, Inc..

  • GlobeNewswire

    Maine Water Files Initial Environmental Permit Applications for New Saco River Water Treatment Facility

    Saco, ME, June 05, 2019 -- Maine Water Company filed applications today with the Maine Department of Environmental Protection and the U.S. Army Corps of Engineers for state and.

  • GlobeNewswire

    Connecticut Water Service Shareholders Elect Directors and Ratify Auditors at 2019 Annual Meeting

    Connecticut Water Service, Inc. (“CTWS” or “the Company”) (CTWS) announced that CTWS shareholders approved all of the company’s proposals at the annual meeting of shareholders held today in Madison, Connecticut. In particular, shareholders elected all of the board’s director nominees, ratified Baker Tilly Virchow Krause LLP as the Company’s independent auditors for 2019, and approved an advisory resolution regarding executive compensation. Elected to the board were Heather Hunt, David C. Benoit, and Kristen A. Johnson.

  • GlobeNewswire

    Connecticut Water Service Increases Cash Dividend on Common Shares by Nearly 5%

    CLINTON, Conn., May 09, 2019 -- Connecticut Water Service, Inc. (NASDAQ: CTWS) announced that its board of directors has approved a 4.8 percent increase in the company’s.

  • GlobeNewswire

    Connecticut Water Service Inc. Reports First Quarter 2019 Results

    CLINTON, Conn., May 08, 2019 -- Operating Revenues Increase 5.6 Percent Net Income Increased $3.5 Million or $0.29 Per Share 2018 Corporate Sustainability Report Issued.

  • Business Wire

    Maine Water Company Files New Application for Reorganization with the Maine Public Utilities Commission for Approval of Proposed Merger of Its Parent Company, Connecticut Water Service with SJW Group

    Connecticut Water Service, Inc. (CTWS) (“Connecticut Water”) and SJW Group (SJW) (“SJW Group”) today announced that the Maine Water Company (“Maine Water”), an operating subsidiary of Connecticut Water, has filed a new application with the Maine Public Utilities Commission (“MPUC”) seeking approval of the previously announced merger of Connecticut Water and SJW Group. The new application shows that the merger provides immediate and long-term customer benefits, protects jobs, and serves the interests of Maine Water’s customers, employees and local communities.

  • GlobeNewswire

    Connecticut Water’s Corporate Sustainability Report Issued on Earth Day

    Connecticut Water Service, Inc. (CTWS), today announced the availability of the Company’s 2018 Corporate Sustainability Report. The update demonstrates the company’s progress and milestones in achieving its environmental and social goals. The report covers the achievements and activities of Connecticut Water, Maine Water, Avon Water and Heritage Village Water companies, which are all publicly regulated water or wastewater utility subsidiaries of Connecticut Water Service in Connecticut and Maine.

  • Business Wire

    SJW Group and Connecticut Water Service File New Merger Approval Application with Connecticut Public Utilities Regulatory Authority

    SJW Group (SJW) (“SJW Group”) and Connecticut Water Service, Inc. (CTWS) (“Connecticut Water”) today announced that they have jointly filed a new application with the Connecticut Public Utilities Regulatory Authority (“PURA”) for approval of the merger of SJW Group and Connecticut Water. The new application offers a comprehensive set of commitments and additional supporting evidence that the companies believe are responsive to PURA’s previous concerns, demonstrate that their combination is in the public interest and show that the combination will deliver immediate, quantifiable and significant benefits to all of Connecticut Water’s stakeholders.

  • GlobeNewswire

    Recent Analysis Shows Wells Fargo, Public Service Enterprise Group, Apartment Investment and Management, Gentherm, Connecticut Water Service, and KalVista Pharmaceuticals Market Influences — Renewed Outlook, Key Drivers of Growth

    NEW YORK, April 01, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.

  • GlobeNewswire

    Connecticut Water Service Inc. Reports 2018 Earnings

    Connecticut Water Service, Inc. (CTWS) announced net income of $16.7 million or $1.40 earnings per basic common share (EPS) for 2018 on total revenues of $124.8 million. Non-GAAP Adjusted Net Income*, which excludes merger and acquisition costs, for 2018 increased from the prior year by $2.2 million.  The improved results in 2018 were primarily driven by increased revenues in base rates in Connecticut and Maine as well as increases in Water Infrastructure and Conservation Adjustment (WICA) and Water Infrastructure Charge (WISC) surcharges. The increased base rate revenues are associated with a settlement agreement between The Connecticut Water Company (Connecticut Water Company) and the Office of Consumer Counsel that was approved by the Connecticut Public Utilities Regulatory Authority (PURA) and a rate increase in The Maine Water Company’s (Maine Water) Biddeford and Saco division that became effective in December 2017.

  • Business Wire

    Maine Water Company Voluntarily Withdraws its Application for Reorganization in Maine to Align with Regulatory Approach in Connecticut in Connection with Proposed Merger of SJW Group and Connecticut Water

    SJW Group (SJW) (“SJW Group”) and Connecticut Water Service, Inc. (CTWS) (“Connecticut Water” or “CTWS”), the parent company of the Maine Water Company (“Maine Water”), announced today, consistent with the companies’ previously announced evaluation of the regulatory approach in Connecticut for the proposed merger of SJW Group and CTWS, that Maine Water voluntarily requested to withdraw its application before the Maine Public Utilities Commission. The companies noted that the withdrawal is without prejudice and they reserve the right to refile their petition.

  • Business Wire

    SJW Group and Connecticut Water Continue to Evaluate Regulatory Approach in Connection with Proposed Merger and Withdraw Connecticut PURA Application

    SJW Group (SJW) (“SJW Group”) and Connecticut Water Service, Inc. (CTWS) (“Connecticut Water” or “CTWS”) announced today that they are continuing to evaluate their regulatory approach – including the possibility of submitting a new application to the Connecticut Public Utilities Regulatory Authority (“PURA”) – in connection with their proposed merger. The SJW Group and Connecticut Water merger agreement remains in effect and the companies remain committed to the merger and to realizing its many stakeholder benefits. The companies are confident that their combination is in the public interest and that they have the technical, financial and managerial suitability to create important benefits, including rate reductions, and unique service and job protections, for Connecticut customers and communities and the employees who serve them.

  • GlobeNewswire

    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,.

  • GlobeNewswire

    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 Newswire

    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.

  • GlobeNewswire

    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 Newswire

    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 Newswire

    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.

  • GlobeNewswire

    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.

  • PR Newswire

    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 Newswire

    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.