Consolidated Water Co. Ltd. (NASDAQ:CWCO - Free Report) - Research analysts at Roth Capital issued their Q1 2024 earnings per share estimates for shares of Consolidated Water in a report released on Tuesday, April 2nd. Roth Capital analyst G. Sweeney expects that the utilities provider will earn $0.33 per share for the quarter. The consensus estimate for Consolidated Water's current full-year earnings is $1.28 per share. Roth Capital also issued estimates for Consolidated Water's Q2 2024 earnings at $0.31 EPS and FY2025 earnings at $1.34 EPS.
Separately, StockNews.com upgraded Consolidated Water from a "hold" rating to a "buy" rating in a report on Wednesday.
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Consolidated Water Stock Up 2.1 %
Shares of Consolidated Water stock traded up $0.54 on Friday, hitting $26.09. 159,992 shares of the company's stock traded hands, compared to its average volume of 144,035. Consolidated Water has a one year low of $16.50 and a one year high of $38.29. The company has a fifty day moving average of $29.37 and a two-hundred day moving average of $31.55.
Consolidated Water Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 1st will be issued a $0.095 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.38 annualized dividend and a yield of 1.46%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the stock. Lazard Asset Management LLC lifted its holdings in shares of Consolidated Water by 7.9% in the third quarter. Lazard Asset Management LLC now owns 5,873 shares of the utilities provider's stock valued at $167,000 after purchasing an additional 430 shares in the last quarter. UBS Group AG lifted its holdings in shares of Consolidated Water by 2.4% in the third quarter. UBS Group AG now owns 27,942 shares of the utilities provider's stock valued at $795,000 after purchasing an additional 668 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Consolidated Water by 4.1% in the fourth quarter. Bank of America Corp DE now owns 17,239 shares of the utilities provider's stock valued at $255,000 after purchasing an additional 673 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Consolidated Water by 27.7% in the fourth quarter. Wells Fargo & Company MN now owns 3,122 shares of the utilities provider's stock valued at $46,000 after purchasing an additional 677 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC bought a new position in shares of Consolidated Water in the third quarter valued at approximately $29,000. Institutional investors own 55.16% of the company's stock.
About Consolidated Water
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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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