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The largest five individual stock positions are Cisco Systems, Berkshire Hathaway, Baidu Inc., Johnson & Johnson, and Alphabet and they account for ~45% of the portfolio. (408-1)
Connecticut Water Service, Inc. (OTC:CTWSP) has 132 institutional investors and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). These institutions hold a total of 5,672,814 shares. Largest shareholders include BlackRock Inc., Vanguard Group Inc, Dimensional Fund Advisors Lp, Water Asset Management LLC, State Street Corp, Renaissance Technologies LLC, Westwood Holdings Group Inc, Franklin Resources Inc, Northern Trust Corp, and Price T Rowe Associates Inc /md/. (64-0)
Telefonica, S.A. (TEF - Free Report) is a mobile and fixed communication services provider. The Zacks Consensus Estimate for its current year earnings has been revised 2.3% downward over the last 60 days. (20-0)
* CONNECTICUT WATER SERVICE INC. DECLARES DIVIDENDS, ANNOUNCES NEW DIRECT STOCK PURCHASE PROGRAM AND SETS DATE FOR ANNUAL MEETING OF SHAREHOLDERS
Chicago, IL – January 10, 2018 – Today, Zacks Equity Research discusses the Utilities, including NextEra Energy Inc. (NEE - Free Report) , Duke Energy Corp. (DUK - Free Report) , Black Hills Corporation (BKH - Free Report) and Connecticut Water Service Inc. (CTWS - Free Report) . (115-0)
Though utility companies are among the safest investment bets, they have their share of weaknesses. Regulatory burdens, weather variation and increased debt loads are major concerns. While the Trump administration is expected to lower the industry’s regulatory burden, an even bigger issue is the interest rate backdrop. Let’s look into the factors which might deter investors from investing in the utility space. (15-0)
American States Water Company (AWR - Free Report) currently draws strength from its sturdy customer base. The company provides fresh water, wastewater services and electricity to 259,000 customers throughout 10 counties in California. It also distributes electricity to nearly 24,000 customers through its Golden State Water Company subsidiary. (9-0)
The following slide deck was published by Connecticut Water Service, Inc. in conjunction with this event.
It has been about a month since the last earnings report for Connecticut Water Service, Inc. (CTWS - Free Report) . Shares have lost about 6.5% in that time frame, underperforming the market.
The largest five individual stock positions are Cisco Systems, Berkshire Hathaway, Baidu Inc., Johnson & Johnson, and Alphabet, and they account for ~44% of the portfolio. (558-1)
With the nation's drinking water and wastewater infrastructure in shambles, AWK is doing its part to fix the problem. (49-0)
Connecticut Water Service Inc. (CTWS - Free Report) reported third-quarter 2017 earnings of 90 cents per share, which surpassed the Zacks Consensus Estimate of 88 cents by 2.3%. Earnings were up 7.1% year over year. The company is continuing with its inorganic growth strategy. Year to date, it has added 9,500 customers through acquisitions, reflecting a customer base growth of nearly 7.5%. Total Revenues In the quarter under review, Connecticut Water’s total revenues were $33. (25-0)
American States Water Company (AWR - Free Report) reported third-quarter 2017 earnings of 57 cents per share, missing the Zacks Consensus Estimate of 58 cents by 1.7% and down by 3.4% from 59 cents in the year-ago period. The decrease in the quarterly earnings was primarily due to lower contribution from its water segment. Total Revenues The company’s operating revenues were $124.4 million, missing the Zacks Consensus Estimate of $127 million by 2%. (8-0)
Middlesex Water Company filed an application with the New Jersey Board of Public Utilities ("NJBPU") to increase water rates in its services areas. Through this rate filing, the company intends to recoup expenses made in its water and wastewater infrastructure since 2015. The rate approved in 2015 increased annual revenues of the company by $5 million. Since the last rate filing, the company has invested nearly $92 million to upgrade and strengthen drinking water infrastructure in its service territories. (31-0)
The importance to have a large number of portfolio constituents is stressed from a practical view. (406-1)