It Seems Connecticut Water Service Inc (CTWS) Will Go Up. Just Reaches 52-Week High

June 19, 2017 - By Hazel Jackson

Investors sentiment increased to 1.58 in Q4 2016. Its up 0.56, from 1.02 in 2016Q3. It increased, as 0 investors sold Connecticut Water Service Inc shares while 36 reduced holdings. 21 funds opened positions while 36 raised stakes. 4.96 million shares or 0.95% more from 4.92 million shares in 2016Q3 were reported.
1,100 were reported by Sit Inv Associates. Sei Investments Company has 1,824 shares for 0% of their portfolio. Ent Financial Service Corporation holds 0.01% or 375 shares. Bnp Paribas Arbitrage Sa has invested 0% in Connecticut Water Service Inc (NASDAQ:CTWS). State Board Of Administration Of Florida Retirement Systems reported 3,646 shares. Calvert Invest Management Incorporated invested 0.17% of its portfolio in Connecticut Water Service Inc (NASDAQ:CTWS). Moreover, Arrow has 0% invested in Connecticut Water Service Inc (NASDAQ:CTWS). 45,029 are held by Blackrock Management Ltd Liability. Webster Financial Bank N A has 140 shares. Swiss Bank invested 0% of its portfolio in Connecticut Water Service Inc (NASDAQ:CTWS). Cambridge Inv Research holds 0.01% or 6,260 shares. Blackrock Fund Advsrs accumulated 355,494 shares. Schwab Charles Invest Mngmt Inc owns 0% invested in Connecticut Water Service Inc (NASDAQ:CTWS) for 52,664 shares. Barclays Public Ltd Com owns 391 shares for 0% of their portfolio. Aperio Gru Ltd Limited Liability Company has 0.01% invested in Connecticut Water Service Inc (NASDAQ:CTWS).

The stock of Connecticut Water Service Inc (NASDAQ:CTWS) hit a new 52-week high and has $61.84 target or 3.00 % above today’s $60.04 share price. The 8 months bullish chart indicates low risk for the $668.94 million company. The 1-year high was reported on Jun, 19 by Barchart.com. If the $61.84 price target is reached, the company will be worth $20.07M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 2,640 shares traded. Connecticut Water Service Inc (NASDAQ:CTWS) has risen 12.38% since June 19, 2016 and is uptrending. It has underperformed by 4.32% the S&P500.

More notable recent Connecticut Water Service Inc (NASDAQ:CTWS) news were published by: Globenewswire.com which released: “Connecticut Water Service, Inc. Completes Acquisition of Heritage Village …” on February 27, 2017, also Nasdaq.com with their article: “Connecticut Water Service (CTWS) Hikes Dividend by 5.3%” published on May 12, 2017, Nasdaq.com published: “Zacks Industry Outlook Highlights: Connecticut Water Service, Spark Energy …” on May 23, 2017. More interesting news about Connecticut Water Service Inc (NASDAQ:CTWS) were released by: Fool.com and their article: “Better Buy: Aqua America, Inc. vs. Connecticut Water Service” published on April 19, 2017 as well as Reuters.com‘s news article titled: “BRIEF-CONNECTICUT WATER SERVICE INC Q1 EARNINGS PER SHARE $0.36” with publication date: May 08, 2017.

Connecticut Water Service, Inc. is a non-operating holding company. The company has market cap of $668.94 million. The Company’s income is derived from the earnings of its subsidiary companies, including The Connecticut Water Company , The Maine Water Company (Maine Water), New England Water Utility Services, Inc. (NEWUS) and Chester Realty Company (Chester Realty). It has a 27.83 P/E ratio. It operates through three divisions: Water Operations, Real Estate Transactions, and Services and Rentals.

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