Consolidated Water Co. Ltd. (NASDAQ:CWCO) Stake Raised by Franklin Resources Inc.

Franklin Resources Inc. increased its stake in Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,860 shares of the utilities provider’s stock after purchasing an additional 897 shares during the quarter. Franklin Resources Inc. owned about 0.19% of Consolidated Water worth $773,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CWCO. Oliver Lagore Vanvalin Investment Group bought a new position in Consolidated Water during the second quarter valued at about $27,000. nVerses Capital LLC acquired a new position in shares of Consolidated Water in the 3rd quarter valued at $33,000. Copeland Capital Management LLC purchased a new stake in Consolidated Water during the third quarter valued at about $48,000. Stanley Laman Group Ltd. acquired a new position in shares of Consolidated Water in the third quarter worth about $53,000. Finally, SG Americas Securities LLC acquired a new stake in Consolidated Water during the 3rd quarter valued at $132,000. Institutional investors and hedge funds own 55.16% of the company’s stock.

Consolidated Water Trading Down 1.2 %

NASDAQ:CWCO opened at $25.56 on Monday. Consolidated Water Co. Ltd. has a 1-year low of $23.55 and a 1-year high of $37.17. The firm has a market capitalization of $404.74 million, a price-to-earnings ratio of 18.26, a PEG ratio of 2.54 and a beta of 0.21. The business’s fifty day moving average price is $25.54 and its 200 day moving average price is $26.01.

Consolidated Water Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 2nd will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend is Thursday, January 2nd. Consolidated Water’s dividend payout ratio (DPR) is 31.43%.

About Consolidated Water

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.