Deutsche Bank AG reduced its stake in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO - Free Report) by 63.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,744 shares of the utilities provider's stock after selling 27,716 shares during the quarter. Deutsche Bank AG owned about 0.10% of Consolidated Water worth $408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of CWCO. Franklin Resources Inc. grew its position in shares of Consolidated Water by 1.6% during the fourth quarter. Franklin Resources Inc. now owns 30,327 shares of the utilities provider's stock valued at $785,000 after purchasing an additional 467 shares in the last quarter. Byrne Asset Management LLC grew its holdings in Consolidated Water by 59.3% during the 4th quarter. Byrne Asset Management LLC now owns 1,720 shares of the utilities provider's stock valued at $45,000 after buying an additional 640 shares in the last quarter. Copeland Capital Management LLC increased its stake in Consolidated Water by 37.4% in the 4th quarter. Copeland Capital Management LLC now owns 2,634 shares of the utilities provider's stock worth $68,000 after acquiring an additional 717 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Consolidated Water by 13.0% in the 4th quarter. Russell Investments Group Ltd. now owns 6,905 shares of the utilities provider's stock worth $179,000 after acquiring an additional 794 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Consolidated Water by 23.9% during the 4th quarter. SG Americas Securities LLC now owns 6,479 shares of the utilities provider's stock worth $168,000 after acquiring an additional 1,251 shares in the last quarter. Institutional investors own 55.16% of the company's stock.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised shares of Consolidated Water from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd.
Read Our Latest Analysis on CWCO
Consolidated Water Price Performance
Shares of Consolidated Water stock traded down $0.40 during trading hours on Wednesday, reaching $27.13. The company's stock had a trading volume of 55,178 shares, compared to its average volume of 109,310. The firm has a 50 day moving average price of $24.69 and a 200-day moving average price of $25.83. The stock has a market cap of $431.83 million, a P/E ratio of 16.75, a P/E/G ratio of 2.44 and a beta of 0.39. Consolidated Water Co. Ltd. has a one year low of $22.69 and a one year high of $29.88.
Consolidated Water (NASDAQ:CWCO - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The utilities provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.09. Consolidated Water had a return on equity of 12.98% and a net margin of 23.06%. The company had revenue of $33.72 million for the quarter, compared to analysts' expectations of $32.30 million. As a group, sell-side analysts forecast that Consolidated Water Co. Ltd. will post 1.27 EPS for the current fiscal year.
Consolidated Water Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 1st will be issued a $0.14 dividend. This is a boost from Consolidated Water's previous quarterly dividend of $0.11. The ex-dividend date is Tuesday, July 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.06%. Consolidated Water's payout ratio is 27.16%.
About Consolidated Water
(
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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