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Connecticut Water Service (CTWS) Company Profile

Updated Aug 8, 2019
Connecticut Water Service has the following business profile:
Company's Full Name:Connecticut Water Service, Inc.
Short Name:Connecticut Water Service
Trading Ticker Symbol:CTWS
Primary Exchange:NASDAQ
Headquarter City/Country:Connecticut, CT
Primary Industry Sector:Public Utilities
Seconday Sub-sector:Water Supply
Main Business Areas: Public Utilities, Water Supply, Utilities, Water Utilities, Water
Dividend Payments:Dividend History

Market and Trading Information for Connecticut Water Service

The following details were available for trading and market data about the stock of Connecticut Water Service as of writing:
Current Share Price:$70.01
Previous Year's Closing Price:$66.87
Percentage Price Change (YTD):4.7%
Market Cap:$844.55 million
52-week Price Range:$62.8 - $70.5
Dividend Per Share:$1.25
EPS (TTM):1.67
Price-Earnings (Trailing):41.9
Price-Earnings (Forward):27.89

Company Profile and Business Description for Connecticut Water Service

Connecticut Water Service, Inc., incorporated on February 1, 1956, is a non-operating holding company. The Company operates through three segments: Water Operations, Real Estate Transactions, and Services and Rentals. The Company's income is derived from the earnings of its subsidiary companies, including The Connecticut Water Company (Connecticut Water), The Maine Water Company (Maine Water), New England Water Utility Services, Inc. (NEWUS) and Chester Realty Company (Chester Realty). Connecticut Water and Maine Water are its regulated water companies (referred to as Regulated Companies).

Water Activities

The Water Activities segment consists of its regulated water activities to supply public drinking water to customers. As of December 31, 2016, the Company's water infrastructure consisted of 75 noncontiguous water systems in the States of Connecticut and Maine. As of December 31, 2016, its system, in total, consisted of approximately 2,100 miles of water main and reservoir storage capacity of over 9.4 billion gallons. As of December 31, 2016, the Company supplied water, and in various cases, fire protection to 77 towns across Connecticut and Maine. The Company provides services to various customers, such as residential, commercial, industrial, public authority, fire protection and others.

Real Estate Transactions

The Real Estate Transactions segment involves the sale or donation for income tax benefits of its real estate holdings. Income from the Real Estate segment is dependent on the tax deductions received on donations and, or, sales of available land.

Services and Rentals

The Services and Rentals segment provides contracted services to water and wastewater utilities and other clients, and also leases certain of the Company's properties to third parties through unregulated companies in the State of Connecticut and through Maine Water in the State of Maine. The types of services include contract operations of water and wastewater facilities; Linebacker, the service line protection plan for public drinking water customers, and providing bulk deliveries of emergency drinking water to businesses and residences through tanker truck. The Company's lease and rental income comes primarily from the renting of residential and commercial property. Linebacker is an optional service line protection program offered by the Company to eligible residential customers through NEWUS in Connecticut and Maine Water in Maine covering the cost of repairs for leaking or broken water service lines that provide drinking water to a customer's home. The Company repairs or replaces a leaking or broken water service line, curb box, curb box cover, meter pit, meter pit cover, meter pit valve and in-home water main shut off valve before the meter. As of December 31, 2016, Maine Water had approximately 2,500 customers enrolled in Linebacker.

93 W Main St

Peer / Competitor Companies of Water Supply Sector

Along with Connecticut Water Service, Inc., the following other peer (competitor) companies also exist within the same Water Supply - Public Utilities sector whose company profile and dividend history is as follows:

▶ Aegion (AEGN): Aegion Corporation (Aegion), incorporated on August 17, 2011, is engaged in providing infrastructure protection and maintenance. The Company operates through three segments: Infrastructure Solutions, Corrosion Protection and Energy Services. The ....See Detailed Company Profile  and Dividend History.

▶ American States Water (AWR): American States Water Company, through its subsidiaries, provides water and electric services to residential, industrial, and other customers in the United States. It operates through three segments: ....See Detailed Company Profile  and Dividend History.

▶ American Water Works (AWK): American Water Works Company, Inc., incorporated on August 28, 1936, is a holding company for regulated and market-based subsidiaries throughout the United States and Ontario, Canada. The Companys Regulated Businesses ....See Detailed Company Profile  and Dividend History.

▶ Aqua America (WTR): Aqua America, Inc. (Aqua America), incorporated on November 14, 1968, is a holding company. The Company, through its subsidiaries, is engaged in providing water or wastewater services concentrated in Pennsylvania, ....See Detailed Company Profile  and Dividend History.

▶ AquaVenture (WAAS): AquaVenture Holdings Limited, incorporated on June 17, 2016, is a multinational provider of Water-as-a-Service (WAAS) solutions. The Companys segments are Seven Seas Water and Quench. The Seven Seas Water segment ....See Detailed Company Profile  and Dividend History.

▶ Artesian Resources (ARTNA): Artesian Resources Corporation, incorporated on February 10, 1927, is a holding company. The Companys subsidiaries offer water, wastewater and other services on the Delmarva Peninsula. The Company distributes and sells ....See Detailed Company Profile  and Dividend History.

▶ Cadiz (CDZI): Cadiz Inc. operates as a land and water resource development company in the United States. It engages in the water resource, and land and agricultural development activities in San Bernardino County p....See Detailed Company Profile  and Dividend History.

▶ California Water Service Holding (CWT): California Water Service Group, incorporated on August 2, 1999, is a holding company. The Company operates through the supply and distribution of water and providing water-related utility services segment. The ....See Detailed Company Profile  and Dividend History.

▶ Companhia de saneamento Basico Do Estado De Sao Pa (SBS): Companhia de Saneamento Básico do Estado de São Paulo-SABESP provides basic and environmental sanitation services, and supplies treated water and sewage services on a wholesale basis to residential,....See Detailed Company Profile  and Dividend History.

▶ Consolidated Water (CWCO): Consolidated Water Co. Ltd. develops and operates seawater desalination plants (that utilize reverse osmosis technology) and water distribution systems in areas where naturally occurring supplies of potable water are scarce ....See Detailed Company Profile  and Dividend History.

▶ Dycom Industries (DY): Dycom Industries, Inc., incorporated on August 7, 1969, is a provider of specialty contracting services throughout the United States and in Canada. The Company, through its subsidiaries, provides program management, ....See Detailed Company Profile  and Dividend History.

▶ Global Water Resources (GWRS): Global Water Resources, Inc., incorporated on May 02, 2008, is a water resource management company. The Company owns, operates and manages water, wastewater and recycled water utilities in strategically located ....See Detailed Company Profile  and Dividend History.

▶ Goldfield (GV): The Goldfield Corporation (Goldfield), incorporated on April 25, 1968, is engaged in the construction of electrical infrastructure for the utility industry and industrial customers. The Company serves customers in the ....See Detailed Company Profile  and Dividend History.

▶ MasTec (MTZ): MasTec, Inc., incorporated on April 8, 1998, is an infrastructure construction company. The Company operates primarily across North America through a range of industries. The Company operates through five segments: ....See Detailed Company Profile  and Dividend History.

▶ Middlesex Water (MSEX): Middlesex Water Company, incorporated in 1897, is a water utility company. The Company owns and operates regulated water utility and wastewater systems in New Jersey, Delaware and Pennsylvania. The Company ....See Detailed Company Profile  and Dividend History.

▶ MYR (MYRG): MYR Group Inc., incorporated on January 15, 1982, is a holding company. The Company, through its subsidiaries, provides specialty electrical construction services. The Company performs construction services in two segments: ....See Detailed Company Profile  and Dividend History.

▶ Preformed Line Products (PLPC): Preformed Line Products Company (PLPC), incorporated on August 21, 1947, is a designer and manufacturer of products and systems employed in the construction and maintenance of overhead and underground networks ....See Detailed Company Profile  and Dividend History.

▶ Primoris (PRIM): Primoris Services Corporation, incorporated on April 24, 2006, is a holding company. The Company holds various subsidiaries, through which it operates as a specialty contractor and infrastructure company. The Company ....See Detailed Company Profile  and Dividend History.

▶ Pure Cycle (PCYO): Pure Cycle Corporation, incorporated on November 30, 2007, is an integrated water company that provides wholesale water and wastewater services. The Company provides its services to wholesale customers, which include ....See Detailed Company Profile  and Dividend History.

▶ SJW (SJW): SJW Group, through its subsidiaries, provides water utility services in the United States. It engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of wa....See Detailed Company Profile  and Dividend History.

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