Connecticut Water Service is a non-operating holding company. Co. carries out its water operations within its regulated water companies, The Connecticut Water Company, The Heritage Village Water Company, The Avon Water Company and The Maine Water Company. Co.'s segments are: Water Operations, which includes its regulated water operations to supply public drinking water and provide wastewater services to its customers; Real Estate Transactions, which involves the sale or donation for income tax benefits of Co.'s real estate holdings; and Services and Rentals, which provides contracted services to water utilities and other clients and also leases certain of its properties to third parties. We show 29 historical shares outstanding datapoints in our CTWS shares outstanding history coverage, used to compute CTWS market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CTWS market cap history over the course of time is important for investors
interested in comparing CTWS's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of CTWS versus a peer is one thing; comparing
CTWS market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like CTWS can fluctuate over the course of history.
With this page we aim to empower investors researching CTWS by allowing them to research the CTWS market cap history. |
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Video: The Importance of Market Cap
