State Street Corp Increases Position in Consolidated Water Co. Ltd. (NASDAQ:CWCO)

State Street Corp raised its position in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 1.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 332,902 shares of the utilities provider’s stock after buying an additional 5,976 shares during the period. State Street Corp’s holdings in Consolidated Water were worth $8,392,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. AltraVue Capital LLC lifted its stake in Consolidated Water by 15.1% during the 2nd quarter. AltraVue Capital LLC now owns 744,610 shares of the utilities provider’s stock worth $19,762,000 after acquiring an additional 97,740 shares in the last quarter. Farrow Financial Inc. increased its stake in Consolidated Water by 7.6% during the third quarter. Farrow Financial Inc. now owns 97,510 shares of the utilities provider’s stock worth $2,458,000 after purchasing an additional 6,874 shares during the period. Hussman Strategic Advisors Inc. increased its stake in Consolidated Water by 33.3% during the second quarter. Hussman Strategic Advisors Inc. now owns 84,000 shares of the utilities provider’s stock worth $2,229,000 after purchasing an additional 21,000 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Consolidated Water by 36.0% during the second quarter. Bank of New York Mellon Corp now owns 76,702 shares of the utilities provider’s stock worth $2,036,000 after purchasing an additional 20,315 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Consolidated Water by 0.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 68,701 shares of the utilities provider’s stock valued at $1,823,000 after purchasing an additional 643 shares during the period. 55.16% of the stock is owned by institutional investors and hedge funds.

Consolidated Water Stock Performance

Shares of CWCO stock opened at $25.56 on Friday. The stock has a market capitalization of $404.74 million, a P/E ratio of 18.26, a price-to-earnings-growth ratio of 2.54 and a beta of 0.21. Consolidated Water Co. Ltd. has a fifty-two week low of $23.55 and a fifty-two week high of $37.17. The company has a 50 day moving average price of $25.54 and a 200 day moving average price of $26.00.

Consolidated Water Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Thursday, January 2nd. Consolidated Water’s dividend payout ratio is currently 31.43%.

About Consolidated Water

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.