Consolidated Water (NASDAQ:CWCO – Get Free Report) announced its quarterly earnings results on Monday. The utilities provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.22 by $0.03, Zacks reports. Consolidated Water had a return on equity of 7.81% and a net margin of 13.50%.
Consolidated Water Stock Down 0.8%
CWCO stock traded down $0.25 during midday trading on Monday, hitting $30.24. The company’s stock had a trading volume of 76,909 shares, compared to its average volume of 116,450. The firm has a 50-day simple moving average of $29.52 and a 200-day simple moving average of $32.55. The firm has a market capitalization of $483.84 million, a P/E ratio of 33.60 and a beta of 0.51. Consolidated Water has a 52-week low of $28.17 and a 52-week high of $39.12.
Consolidated Water Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.14 per share. The ex-dividend date was Wednesday, July 1st. This represents a $0.56 dividend on an annualized basis and a yield of 1.9%. Consolidated Water’s dividend payout ratio is 62.22%.
Analyst Upgrades and Downgrades
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Institutional Trading of Consolidated Water
Several hedge funds have recently modified their holdings of CWCO. Vanguard Group Inc. grew its stake in Consolidated Water by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 966,950 shares of the utilities provider’s stock worth $34,114,000 after purchasing an additional 13,951 shares in the last quarter. Invesco Ltd. raised its position in Consolidated Water by 6.9% in the 3rd quarter. Invesco Ltd. now owns 315,962 shares of the utilities provider’s stock valued at $11,147,000 after purchasing an additional 20,264 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Consolidated Water by 8.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 171,037 shares of the utilities provider’s stock valued at $4,189,000 after purchasing an additional 13,061 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Consolidated Water by 4.6% in the 2nd quarter. First Trust Advisors LP now owns 48,301 shares of the utilities provider’s stock valued at $1,450,000 after buying an additional 2,126 shares during the period. Finally, Trexquant Investment LP boosted its stake in shares of Consolidated Water by 1.4% in the 4th quarter. Trexquant Investment LP now owns 47,162 shares of the utilities provider’s stock valued at $1,664,000 after buying an additional 650 shares during the period. 55.16% of the stock is currently owned by institutional investors and hedge funds.
Consolidated Water Company Profile
Consolidated Water Co Ltd. is a developer, operator and manufacturer of water treatment and desalination systems. The company designs, engineers, builds and operates reverse-osmosis desalination plants and water treatment facilities, offering both turnkey project delivery and ongoing operations and maintenance services. Its product portfolio includes modular desalination units, water distribution systems, filtration membranes and associated equipment for potable water production.
Consolidated Water serves municipalities, resorts, commercial enterprises and private customers in the Caribbean and the southeastern United States.
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