Consolidated Water Co. Ltd. (NASDAQ:CWCO - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $26.55 and traded as high as $31.09. Consolidated Water shares last traded at $29.81, with a volume of 122,101 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised Consolidated Water from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd.
Check Out Our Latest Report on CWCO
Consolidated Water Stock Down 0.7%
The firm has a market capitalization of $466.85 million, a price-to-earnings ratio of 18.10 and a beta of 0.47. The stock has a 50-day moving average price of $28.20 and a 200 day moving average price of $26.57.
Consolidated Water (NASDAQ:CWCO - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The utilities provider reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.09. The business had revenue of $33.72 million during the quarter, compared to the consensus estimate of $32.30 million. Consolidated Water had a return on equity of 7.43% and a net margin of 20.75%. As a group, equities analysts forecast that Consolidated Water Co. Ltd. will post 1.27 earnings per share for the current fiscal year.
Consolidated Water Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 1st will be paid a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $0.56 dividend on an annualized basis and a yield of 1.91%. This is a boost from Consolidated Water's previous quarterly dividend of $0.11. Consolidated Water's payout ratio is currently 34.57%.
Institutional Investors Weigh In On Consolidated Water
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Consolidated Water during the second quarter worth approximately $31,013,000. Wasatch Advisors LP purchased a new stake in shares of Consolidated Water during the fourth quarter worth approximately $4,443,000. Heartland Advisors Inc. raised its stake in shares of Consolidated Water by 146.8% during the first quarter. Heartland Advisors Inc. now owns 270,100 shares of the utilities provider's stock worth $6,615,000 after purchasing an additional 160,657 shares during the last quarter. Seizert Capital Partners LLC purchased a new stake in shares of Consolidated Water during the first quarter worth approximately $3,687,000. Finally, Millennium Management LLC purchased a new stake in shares of Consolidated Water during the fourth quarter worth approximately $2,167,000. Hedge funds and other institutional investors own 55.16% of the company's stock.
About Consolidated Water
(
Get Free Report)
Consolidated Water Co Ltd., together with its subsidiaries, designs, constructs, manages, and operates water production and water treatment plants primarily in the Cayman Islands, the Bahamas, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.
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