Principal Financial Group Inc. Buys Shares of 15,197 Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Principal Financial Group Inc. purchased a new position in Consolidated Water Co. Ltd. (NASDAQ:CWCOFree Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,197 shares of the utilities provider’s stock, valued at approximately $445,000. Principal Financial Group Inc. owned about 0.10% of Consolidated Water at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in CWCO. Legato Capital Management LLC bought a new position in Consolidated Water in the fourth quarter valued at $2,766,000. Navellier & Associates Inc. increased its position in shares of Consolidated Water by 84.0% during the 4th quarter. Navellier & Associates Inc. now owns 78,002 shares of the utilities provider’s stock valued at $2,777,000 after purchasing an additional 35,604 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of Consolidated Water during the 4th quarter valued at about $629,000. New York State Common Retirement Fund lifted its position in Consolidated Water by 124.9% in the 4th quarter. New York State Common Retirement Fund now owns 127,408 shares of the utilities provider’s stock worth $4,536,000 after buying an additional 70,761 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in Consolidated Water in the fourth quarter worth approximately $143,000. Hedge funds and other institutional investors own 55.16% of the company’s stock.

Insider Activity at Consolidated Water

In other Consolidated Water news, Director Clarence B. Flowers sold 2,700 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $25.04, for a total value of $67,608.00. Following the sale, the director now owns 300,500 shares of the company’s stock, valued at approximately $7,524,520. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.87% of the stock is currently owned by company insiders.

Consolidated Water Stock Performance

NASDAQ CWCO opened at $25.39 on Friday. The company has a 50-day simple moving average of $26.50 and a two-hundred day simple moving average of $28.77. Consolidated Water Co. Ltd. has a 12-month low of $19.07 and a 12-month high of $38.29.

Consolidated Water (NASDAQ:CWCOGet Free Report) last issued its earnings results on Wednesday, May 15th. The utilities provider reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.04. The company had revenue of $39.69 million during the quarter, compared to analysts’ expectations of $38.65 million. Consolidated Water had a return on equity of 18.02% and a net margin of 17.24%. Sell-side analysts expect that Consolidated Water Co. Ltd. will post 1.33 EPS for the current year.

Consolidated Water Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 1st will be paid a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Monday, July 1st.

Wall Street Analysts Forecast Growth

Separately, lowered shares of Consolidated Water from a “buy” rating to a “hold” rating in a report on Friday, May 10th.

Read Our Latest Stock Report on Consolidated Water

About Consolidated Water

(Free Report)

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.

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Institutional Ownership by Quarter for Consolidated Water (NASDAQ:CWCO)

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