Thrivent Financial for Lutherans raised its position in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO – Get Rating) by 35.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,887 shares of the utilities provider’s stock after acquiring an additional 13,257 shares during the quarter. Thrivent Financial for Lutherans owned about 0.33% of Consolidated Water worth $753,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. TCI Wealth Advisors Inc. acquired a new position in shares of Consolidated Water during the third quarter valued at about $26,000. Tower Research Capital LLC TRC raised its holdings in shares of Consolidated Water by 2,719.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,045 shares of the utilities provider’s stock worth $47,000 after acquiring an additional 2,937 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Consolidated Water in the 1st quarter worth about $54,000. Quantbot Technologies LP acquired a new stake in shares of Consolidated Water in the 3rd quarter worth about $106,000. Finally, Lazard Asset Management LLC raised its holdings in shares of Consolidated Water by 45.4% in the 3rd quarter. Lazard Asset Management LLC now owns 8,154 shares of the utilities provider’s stock worth $125,000 after acquiring an additional 2,547 shares during the last quarter. Institutional investors own 43.78% of the company’s stock.
Analyst Ratings Changes
CWCO has been the subject of several analyst reports. StockNews.com initiated coverage on shares of Consolidated Water in a research note on Thursday, May 18th. They issued a “buy” rating for the company. Janney Montgomery Scott lowered shares of Consolidated Water from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research note on Wednesday, May 17th. TheStreet upgraded shares of Consolidated Water from a “c+” rating to a “b” rating in a research note on Thursday, April 6th. Finally, Roth Capital reissued a “buy” rating on shares of Consolidated Water in a research report on Tuesday, April 4th.
Consolidated Water Price Performance
Consolidated Water Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, April 28th. Stockholders of record on Monday, April 3rd were given a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend was Friday, March 31st.
Consolidated Water Company Profile
Consolidated Water Co Ltd. engages in the development and operation of seawater desalination plants and water distribution systems. It operates through the following segments: Retail, Bulk, Services, and Manufacturing. The Retail segment operates the water utility for the Seven Mile Beach and West Bay areas of Grand Cayman Islands.
- Get a free copy of the StockNews.com research report on Consolidated Water (CWCO)
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