32,500 Shares in Consolidated Water Co. Ltd. $CWCO Acquired by Teton Advisors LLC

Teton Advisors LLC bought a new position in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 32,500 shares of the utilities provider’s stock, valued at approximately $1,147,000. Teton Advisors LLC owned about 0.20% of Consolidated Water as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Consolidated Water by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 966,950 shares of the utilities provider’s stock worth $34,114,000 after purchasing an additional 13,951 shares during the period. AltraVue Capital LLC raised its holdings in Consolidated Water by 2.1% in the 3rd quarter. AltraVue Capital LLC now owns 709,810 shares of the utilities provider’s stock valued at $25,042,000 after buying an additional 14,400 shares during the period. JPMorgan Chase & Co. raised its holdings in Consolidated Water by 18.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 637,378 shares of the utilities provider’s stock valued at $19,134,000 after buying an additional 101,434 shares during the period. Geode Capital Management LLC lifted its position in Consolidated Water by 1.1% in the second quarter. Geode Capital Management LLC now owns 433,685 shares of the utilities provider’s stock valued at $13,021,000 after buying an additional 4,711 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Consolidated Water by 8.3% in the first quarter. Goldman Sachs Group Inc. now owns 171,037 shares of the utilities provider’s stock valued at $4,189,000 after buying an additional 13,061 shares during the last quarter. Hedge funds and other institutional investors own 55.16% of the company’s stock.

Consolidated Water Trading Down 3.3%

CWCO stock opened at $35.29 on Friday. The company has a market capitalization of $562.17 million, a PE ratio of 36.38 and a beta of 0.50. Consolidated Water Co. Ltd. has a 12-month low of $22.69 and a 12-month high of $39.12. The business’s fifty day moving average price is $36.90 and its 200 day moving average price is $35.31.

Consolidated Water Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 1st will be paid a dividend of $0.14 per share. The ex-dividend date is Wednesday, April 1st. This represents a $0.56 dividend on an annualized basis and a yield of 1.6%. Consolidated Water’s dividend payout ratio is 57.73%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Consolidated Water from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Weiss Ratings restated a “buy (b-)” rating on shares of Consolidated Water in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $40.00.

About Consolidated Water

Consolidated Water Co Ltd. is a developer, operator and manufacturer of water treatment and desalination systems. The company designs, engineers, builds and operates reverse-osmosis desalination plants and water treatment facilities, offering both turnkey project delivery and ongoing operations and maintenance services. Its product portfolio includes modular desalination units, water distribution systems, filtration membranes and associated equipment for potable water production.

Consolidated Water serves municipalities, resorts, commercial enterprises and private customers in the Caribbean and the southeastern United States.