Geode Capital Management LLC Acquires 20,394 Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Geode Capital Management LLC boosted its holdings in Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 5.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 423,163 shares of the utilities provider’s stock after purchasing an additional 20,394 shares during the period. Geode Capital Management LLC’s holdings in Consolidated Water were worth $10,669,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. AltraVue Capital LLC increased its holdings in shares of Consolidated Water by 15.1% in the second quarter. AltraVue Capital LLC now owns 744,610 shares of the utilities provider’s stock worth $19,762,000 after buying an additional 97,740 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Consolidated Water in the 3rd quarter worth approximately $608,000. Bank of New York Mellon Corp increased its stake in Consolidated Water by 36.0% in the 2nd 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 during the period. Cornercap Investment Counsel Inc. bought a new stake in Consolidated Water in the second quarter valued at approximately $524,000. Finally, Jane Street Group LLC boosted its stake in shares of Consolidated Water by 102.5% during the third quarter. Jane Street Group LLC now owns 33,190 shares of the utilities provider’s stock valued at $837,000 after purchasing an additional 16,803 shares during the period. 55.16% of the stock is currently owned by hedge funds and other institutional investors.

Consolidated Water Stock Up 0.3 %

Shares of NASDAQ CWCO opened at $25.89 on Wednesday. The firm’s fifty day moving average is $25.55 and its 200 day moving average is $26.02. Consolidated Water Co. Ltd. has a 52 week low of $23.55 and a 52 week high of $36.19. The company has a market cap of $409.97 million, a price-to-earnings ratio of 18.49, a PEG ratio of 2.54 and a beta of 0.21.

Consolidated Water Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Thursday, January 2nd. Consolidated Water’s dividend payout ratio (DPR) is 31.43%.

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.