Nuveen LLC Invests $1.36 Million in Consolidated Water Co. Ltd. $CWCO

Key Points

• Nuveen LLC has acquired 55,689 shares of Consolidated Water Co. Ltd. valued at approximately $1.36 million, representing 0.35% ownership at the end of the reporting period.
• Multiple institutional investors have significantly increased their stakes in Consolidated Water, including a 228.6% increase by CWM LLC and a 2,247.9% increase by GAMMA Investing LLC.
• Consolidated Water reported an EPS of $0.32, surpassing estimates, and announced a quarterly dividend of $0.14 per share, with a dividend yield of 1.7%.

Nuveen LLC acquired a new position in Consolidated Water Co. Ltd. (NASDAQ:CWCO - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 55,689 shares of the utilities provider's stock, valued at approximately $1,364,000. Nuveen LLC owned approximately 0.35% of Consolidated Water as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. CWM LLC lifted its stake in shares of Consolidated Water by 228.6% during the first quarter. CWM LLC now owns 1,860 shares of the utilities provider's stock valued at $46,000 after acquiring an additional 1,294 shares during the period. New Age Alpha Advisors LLC acquired a new position in shares of Consolidated Water during the first quarter valued at $60,000. GAMMA Investing LLC lifted its stake in shares of Consolidated Water by 2,247.9% during the first quarter. GAMMA Investing LLC now owns 2,841 shares of the utilities provider's stock valued at $70,000 after acquiring an additional 2,720 shares during the period. State of Tennessee Department of Treasury acquired a new position in shares of Consolidated Water during the fourth quarter valued at $149,000. Finally, State of Wyoming lifted its stake in shares of Consolidated Water by 125.1% during the fourth quarter. State of Wyoming now owns 8,563 shares of the utilities provider's stock valued at $222,000 after acquiring an additional 4,759 shares during the period. Institutional investors and hedge funds own 55.16% of the company's stock.

Insider Activity

In other news, Director Raymond Whittaker sold 4,755 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $33.35, for a total value of $158,579.25. Following the completion of the sale, the director directly owned 1,000 shares of the company's stock, valued at $33,350. This trade represents a 82.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 6.25% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Roth Capital boosted their target price on Consolidated Water from $38.00 to $40.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Wall Street Zen upgraded Consolidated Water from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $40.00.

Consolidated Water Stock Performance

NASDAQ CWCO traded up $0.25 during trading hours on Friday, hitting $33.79. 134,712 shares of the company traded hands, compared to its average volume of 104,098. The business's 50-day moving average is $31.02 and its 200-day moving average is $27.83. Consolidated Water Co. Ltd. has a twelve month low of $22.69 and a twelve month high of $34.26. The stock has a market capitalization of $538.27 million, a price-to-earnings ratio of 20.86 and a beta of 0.58.

Consolidated Water (NASDAQ:CWCO - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.12. Consolidated Water had a return on equity of 7.77% and a net margin of 12.24%.The company had revenue of $33.59 million during the quarter, compared to analysts' expectations of $32.75 million. Analysts predict that Consolidated Water Co. Ltd. will post 1.27 EPS for the current year.

Consolidated Water Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 1st will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, October 1st. Consolidated Water's dividend payout ratio (DPR) is presently 34.57%.

Consolidated Water Company Profile

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.