Connecticut Water Service Inc (CTWS) : Clean Yield Group reduced its stake in Connecticut Water Service Inc by 4.21% during the most recent quarter end. The investment management company now holds a total of 113,318 shares of Connecticut Water Service Inc which is valued at $5,243,224 after selling 4,975 shares in Connecticut Water Service Inc , the firm said in a disclosure report filed with the SEC on Apr 15, 2016.Connecticut Water Service Inc makes up approximately 2.33% of Clean Yield Group’s portfolio.
Connecticut Water Service Inc closed down -0.34 points or -0.74% at $45.6 with 71,171 shares getting traded on Wednesday. Post opening the session at $45.71, the shares hit an intraday low of $45.3699 and an intraday high of $46.23 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Deroy Devereaux Private Investment Counsel Inc reduced its stake in CTWS by selling 9,950 shares or 26.39% in the most recent quarter. The Hedge Fund company now holds 27,750 shares of CTWS which is valued at $1,283,993. Connecticut Water Service Inc makes up approx 0.17% of Deroy Devereaux Private Investment Counsel Inc’s portfolio.
Many Wall Street Analysts have commented on Connecticut Water Service Inc. Connecticut Water Service Inc was Downgraded by Wells Fargo to ” Market Perform” on Feb 1, 2016.
Connecticut Water Service Inc. is a non-operating holding company. As of December 31 2014 the Company derived its income from the operations of its four subsidiaries namely The Connecticut Water Company (Connecticut Water) The Maine Water Company (Maine Water) (Connecticut Water and Maine Water together referred to as Regulated Companies) Chester Realty Inc. (Chester Realty) and New England Water Utility Services Inc. (NEWUS). The Company operates through three segments: Water Activities Real Estate Transactions and Services and Rentals. The Company’s Water Activities segment includes the operations of the Regulated Companies. The Company’s Real Estate Transactions segment involves the sale or donation for income tax benefits of its real estate holdings. The Services and Rentals segment includes the operations of its unregulated companies and certain unregulated transactions within Maine Water.