Charles Schwab Investment Management Inc. Buys 1,159 Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Charles Schwab Investment Management Inc. grew its stake in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 2.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 43,175 shares of the utilities provider’s stock after acquiring an additional 1,159 shares during the period. Charles Schwab Investment Management Inc. owned about 0.27% of Consolidated Water worth $1,088,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp increased its position in 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 worth $2,036,000 after buying an additional 20,315 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Consolidated Water by 0.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 68,701 shares of the utilities provider’s stock valued at $1,823,000 after purchasing an additional 643 shares during the last quarter. Legato Capital Management LLC boosted its position in Consolidated Water by 16.5% during the second quarter. Legato Capital Management LLC now owns 149,525 shares of the utilities provider’s stock worth $3,968,000 after purchasing an additional 21,140 shares during the period. Principal Financial Group Inc. increased its stake in shares of Consolidated Water by 12.6% in the second quarter. Principal Financial Group Inc. now owns 17,106 shares of the utilities provider’s stock worth $454,000 after purchasing an additional 1,909 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. raised its position in shares of Consolidated Water by 33.3% in the second quarter. Hussman Strategic Advisors Inc. now owns 84,000 shares of the utilities provider’s stock valued at $2,229,000 after purchasing an additional 21,000 shares during the period. Hedge funds and other institutional investors own 55.16% of the company’s stock.

Consolidated Water Trading Down 1.2 %

CWCO opened at $26.00 on Wednesday. Consolidated Water Co. Ltd. has a 12 month low of $23.55 and a 12 month high of $37.28. The company has a market cap of $411.71 million, a PE ratio of 18.57, a price-to-earnings-growth ratio of 2.54 and a beta of 0.21. The company has a 50 day moving average of $25.55 and a 200 day moving average of $26.06.

Consolidated Water Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 2nd will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Thursday, January 2nd. Consolidated Water’s payout ratio is 31.43%.

Consolidated Water 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.