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Last $34.50 USD
Change Today -0.06 / -0.17%
Volume 26.2K
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

connecticut water svc inc (CTWS) Snapshot

Open
$34.44
Previous Close
$34.56
Day High
$34.80
Day Low
$34.16
52 Week High
01/23/15 - $38.55
52 Week Low
10/8/14 - $32.21
Market Cap
385.3M
Average Volume 10 Days
28.9K
EPS TTM
$2.03
Shares Outstanding
11.2M
EX-Date
08/28/15
P/E TM
17.0x
Dividend
$1.07
Dividend Yield
3.01%
Current Stock Chart for CONNECTICUT WATER SVC INC (CTWS)

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connecticut water svc inc (CTWS) Details

Connecticut Water Service, Inc., through its subsidiaries, operates as a regulated water company. It operates through three segments: Water Activities, Real Estate Transactions, and Services and Rentals. The Water Activities segment supplies public drinking water. The Real Estate Transactions segment is involved in the sale or donation of its real estate holdings. The Services and Rentals segment provides contracted services to water and wastewater utilities, and other clients. Its services include contract operations of water and wastewater facilities; Linebacker, a service line protection plan for public drinking water customers; and providing bulk deliveries of emergency drinking water to businesses and residences through tanker trucks. This segment also leases and rents residential and commercial properties to third parties. As of December 31, 2014, the company supplied water to 123,071 customers in Connecticut and Maine, the United States. Connecticut Water Service, Inc. was founded in 1956 and is headquartered in Clinton, Connecticut.

265 Employees
Last Reported Date: 03/16/15
Founded in 1956

connecticut water svc inc (CTWS) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $456.6K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $298.4K
President of the Maine Water Company
Total Annual Compensation: $205.6K
Vice President of Human Resources and Corpora...
Total Annual Compensation: $237.0K
Vice President of Customer & Regulatory Affai...
Total Annual Compensation: $246.1K
Compensation as of Fiscal Year 2014.

connecticut water svc inc (CTWS) Key Developments

Connecticut Water Service, Inc. Approves Dividends on Common and Preferred Shares, Payable on September 15, 2015 and October 15, 2015 Respectively

Connecticut Water Service Inc. announced that the company’s board of directors has approved an annualized dividend increase of 4 cents per common share, or 4.0%, above the current cash dividend. The quarterly cash dividend on common shares was increased to $0.2675 per quarter from $0.2575. The increased dividend will be effective with the dividend declared by the board on common shares payable on September 15, 2015, for shareholders of record as of September 1, 2015. The company’s dividend yield, based on an annual dividend of $1.07 at the stock market closing price on August 20, 2015, will be approximately 3.1%. Board of Directors also declared a quarterly cash dividend of $0.20 per share on Preferred A shares (CTWSO) payable on October 15, 2015, for shareholders of record as of October 1, 2015, and a quarterly cash dividend of $0.225 on Preferred 90 (CTWSP) shares on November 2, 2015, for shareholders of record as of October 19, 2015. The cash dividends on Preferred A and Preferred 90 shares are unchanged.

Connecticut Water Service Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Connecticut Water Service Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $28,430,000 against $27,286,000 for the same period a year ago. Total utility operating income was $9,954,000 against $8,479,000 for the same period a year ago. Net income applicable to common shareholders was $8,665,000 or $0.77 per diluted share against $7,480,000 or $0.67 per diluted share for the same period a year ago. The increase in net income for the second quarter and six months of 2015 was attributable to the regulated operations in both Maine and Connecticut. The increase in revenues for the second quarter and six months of 2015 was attributable to the recovery of costs for completed infrastructure replacement projects through the Water Infrastructure Charge in Maine and the Water Infrastructure and Conservation Adjustment in Connecticut, and rate increases authorized in Maine. For the six months, the company reported total revenues of $50,132,000 against $49,318,000 for the same period a year ago. Total utility operating income was $14,274,000 against $12,568,000 for the same period a year ago. Net income applicable to common shareholders was $11,759,000 or $1.05 per diluted share against $10,457,000 or $0.94 per diluted share for the same period a year ago.

Connecticut Water Service Inc. Presents at 2015 National Association of Water Companies Financial Forum, Jul-15-2015 08:00 AM

Connecticut Water Service Inc. Presents at 2015 National Association of Water Companies Financial Forum, Jul-15-2015 08:00 AM. Venue: 109 W. 39th Street (6th Ave), New York, NY 10018, United States. Speakers: David C. Benoit, Chief Financial Officer, Senior Vice President of Finance and Treasurer, Maureen P. Westbrook, Vice President of Customer & Regulatory Affairs, Muriel Lange.

 

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CTWS Competitors

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Industry Analysis

CTWS

Industry Average

Valuation CTWS Industry Range
Price/Earnings 17.0x
Price/Sales 4.0x
Price/Book 1.8x
Price/Cash Flow 11.0x
TEV/Sales 2.1x
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