Geode Capital Management LLC Buys 15,060 Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Geode Capital Management LLC raised its stake in Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 438,223 shares of the utilities provider’s stock after acquiring an additional 15,060 shares during the quarter. Geode Capital Management LLC owned about 2.77% of Consolidated Water worth $11,347,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CWCO. TSP Capital Management Group LLC grew its position in shares of Consolidated Water by 1.5% in the fourth quarter. TSP Capital Management Group LLC now owns 479,175 shares of the utilities provider’s stock valued at $12,406,000 after purchasing an additional 7,075 shares during the last quarter. State Street Corp grew its holdings in Consolidated Water by 1.8% in the 3rd quarter. State Street Corp now owns 332,902 shares of the utilities provider’s stock valued at $8,392,000 after buying an additional 5,976 shares in the last quarter. JPMorgan Chase & Co. increased its position in Consolidated Water by 54.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 299,102 shares of the utilities provider’s stock worth $7,540,000 after buying an additional 105,711 shares during the period. Heartland Advisors Inc. acquired a new stake in shares of Consolidated Water during the fourth quarter worth $2,833,000. Finally, Jane Street Group LLC boosted its position in shares of Consolidated Water by 102.5% in the third quarter. Jane Street Group LLC now owns 33,190 shares of the utilities provider’s stock valued at $837,000 after acquiring an additional 16,803 shares during the period. 55.16% of the stock is owned by institutional investors.

Consolidated Water Stock Performance

NASDAQ:CWCO opened at $24.34 on Wednesday. Consolidated Water Co. Ltd. has a 52 week low of $22.90 and a 52 week high of $30.32. The firm’s 50-day simple moving average is $25.88 and its 200 day simple moving average is $25.80. The firm has a market cap of $386.40 million, a price-to-earnings ratio of 15.02, a P/E/G ratio of 2.44 and a beta of 0.27.

Consolidated Water Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.44 annualized dividend and a dividend yield of 1.81%. Consolidated Water’s dividend payout ratio is presently 27.16%.

Insider Activity

In related news, CEO Frederick W. Mctaggart sold 2,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $28.00, for a total value of $56,000.00. Following the transaction, the chief executive officer now owns 271,995 shares in the company, valued at approximately $7,615,860. This trade represents a 0.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.87% of the stock is owned by company insiders.

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.