JPMorgan Chase & Co. Has $264,000 Position in Global Water Resources, Inc. (NASDAQ:GWRS)

JPMorgan Chase & Co. lifted its position in Global Water Resources, Inc. (NASDAQ:GWRS) by 151.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,954 shares of the utilities provider’s stock after acquiring an additional 12,636 shares during the period. JPMorgan Chase & Co. owned approximately 0.09% of Global Water Resources worth $264,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Barclays PLC increased its stake in Global Water Resources by 89.3% in the third quarter. Barclays PLC now owns 31,663 shares of the utilities provider’s stock valued at $400,000 after purchasing an additional 14,936 shares in the last quarter. State Street Corp grew its holdings in shares of Global Water Resources by 0.7% in the 3rd quarter. State Street Corp now owns 220,872 shares of the utilities provider’s stock valued at $2,781,000 after buying an additional 1,496 shares during the period. Geode Capital Management LLC grew its holdings in shares of Global Water Resources by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 272,509 shares of the utilities provider’s stock valued at $3,431,000 after buying an additional 8,593 shares during the period. Finally, Dynamic Advisor Solutions LLC increased its position in shares of Global Water Resources by 4.2% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 26,268 shares of the utilities provider’s stock valued at $331,000 after buying an additional 1,055 shares in the last quarter. 27.91% of the stock is currently owned by institutional investors and hedge funds.

Global Water Resources Stock Down 2.1 %

NASDAQ:GWRS opened at $11.50 on Friday. Global Water Resources, Inc. has a 1 year low of $11.05 and a 1 year high of $13.98. The stock has a 50-day moving average price of $12.06 and a two-hundred day moving average price of $12.41. The stock has a market cap of $278.53 million, a price-to-earnings ratio of 42.59, a PEG ratio of 2.65 and a beta of 0.99. The company has a current ratio of 1.62, a quick ratio of 1.63 and a debt-to-equity ratio of 2.47.

Global Water Resources (NASDAQ:GWRS) last issued its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. Global Water Resources had a return on equity of 14.23% and a net margin of 12.52%. The business had revenue of $14.32 million during the quarter, compared to analyst estimates of $14.65 million. During the same period in the previous year, the firm earned $0.11 EPS. As a group, equities analysts expect that Global Water Resources, Inc. will post 0.28 earnings per share for the current year.

Global Water Resources Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were paid a $0.0253 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend was Friday, January 17th. Global Water Resources’s payout ratio is presently 111.11%.

Global Water Resources Company Profile

Global Water Resources, Inc, a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water systems primarily in metropolitan Phoenix and Tucson, Arizona. It serves approximately 82,000 people in approximately 32,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.