JPMorgan Chase & Co. Raises Holdings in Consolidated Water Co. Ltd. (NASDAQ:CWCO)

JPMorgan Chase & Co. raised its position in Consolidated Water Co. Ltd. (NASDAQ:CWCO - Free Report) by 54.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 299,102 shares of the utilities provider's stock after buying an additional 105,711 shares during the period. JPMorgan Chase & Co. owned about 1.89% of Consolidated Water worth $7,540,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. AltraVue Capital LLC grew its position in shares of Consolidated Water by 15.1% during the 2nd quarter. AltraVue Capital LLC now owns 744,610 shares of the utilities provider's stock valued at $19,762,000 after acquiring an additional 97,740 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Consolidated Water during the third quarter worth approximately $608,000. Geode Capital Management LLC grew its holdings in Consolidated Water by 5.1% in the third quarter. Geode Capital Management LLC now owns 423,163 shares of the utilities provider's stock valued at $10,669,000 after purchasing an additional 20,394 shares during the period. Bank of New York Mellon Corp increased its position in shares of Consolidated Water by 36.0% in the second quarter. Bank of New York Mellon Corp now owns 76,702 shares of the utilities provider's stock valued at $2,036,000 after buying an additional 20,315 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Consolidated Water by 102.5% during the 3rd quarter. Jane Street Group LLC now owns 33,190 shares of the utilities provider's stock worth $837,000 after buying an additional 16,803 shares during the period. Institutional investors and hedge funds own 55.16% of the company's stock.

Consolidated Water Stock Performance

Consolidated Water stock traded up $0.20 during trading on Wednesday, reaching $26.19. The company had a trading volume of 45,574 shares, compared to its average volume of 68,494. The firm's 50-day simple moving average is $25.84 and its 200 day simple moving average is $26.05. The firm has a market capitalization of $414.72 million, a PE ratio of 18.71, a price-to-earnings-growth ratio of 2.54 and a beta of 0.22. Consolidated Water Co. Ltd. has a 1-year low of $23.55 and a 1-year high of $33.94.

Consolidated Water Dividend Announcement

The business also recently announced 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. The ex-dividend date is Thursday, January 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.68%. Consolidated Water's dividend payout ratio is currently 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.