Uniplan Investment Counsel Inc. increased its stake in Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 37.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 395,565 shares of the utilities provider’s stock after acquiring an additional 107,871 shares during the quarter. Uniplan Investment Counsel Inc. owned approximately 2.65% of Consolidated Water worth $5,063,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. NJ State Employees Deferred Compensation Plan grew its holdings in shares of Consolidated Water by 125.0% in the 3rd quarter. NJ State Employees Deferred Compensation Plan now owns 90,000 shares of the utilities provider’s stock worth $1,152,000 after acquiring an additional 50,000 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of Consolidated Water in the 1st quarter worth $196,000. Icon Advisers Inc. Co. grew its holdings in shares of Consolidated Water by 16.9% in the 2nd quarter. Icon Advisers Inc. Co. now owns 131,042 shares of the utilities provider’s stock worth $1,625,000 after acquiring an additional 18,990 shares during the last quarter. Nationwide Fund Advisors grew its holdings in shares of Consolidated Water by 27.1% in the 2nd quarter. Nationwide Fund Advisors now owns 52,486 shares of the utilities provider’s stock worth $651,000 after acquiring an additional 11,200 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Consolidated Water by 51.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 71,163 shares of the utilities provider’s stock worth $882,000 after acquiring an additional 24,256 shares during the last quarter. Institutional investors and hedge funds own 48.89% of the company’s stock.
Several analysts have recently commented on the company. Zacks Investment Research raised Consolidated Water from a “sell” rating to a “hold” rating in a research report on Wednesday. TheStreet raised Consolidated Water from a “c+” rating to a “b-” rating in a research report on Friday, November 24th. Finally, Roth Capital set a $15.00 target price on Consolidated Water and gave the stock a “buy” rating in a research report on Monday, November 13th.
Shares of Consolidated Water Co. Ltd. (NASDAQ CWCO) opened at $12.95 on Thursday. The company has a market capitalization of $192.98, a price-to-earnings ratio of 24.09, a PEG ratio of 3.54 and a beta of 0.88. Consolidated Water Co. Ltd. has a 12-month low of $9.80 and a 12-month high of $13.95.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 3rd will be given a $0.085 dividend. This represents a $0.34 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Tuesday, January 2nd. This is a boost from Consolidated Water’s previous quarterly dividend of $0.08. Consolidated Water’s dividend payout ratio (DPR) is 75.00%.
Consolidated Water Company Profile
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 or non-existent. The Company operates in three segments: retail water operations, bulk water operations and services operations.
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