Bank of New York Mellon Corp Boosts Holdings in Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Bank of New York Mellon Corp lifted its position in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 36.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,702 shares of the utilities provider’s stock after buying an additional 20,315 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.48% of Consolidated Water worth $2,036,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Consolidated Water in the fourth quarter worth approximately $629,000. Vanguard Group Inc. lifted its position in Consolidated Water by 3.1% during the first quarter. Vanguard Group Inc. now owns 323,906 shares of the utilities provider’s stock valued at $9,494,000 after buying an additional 9,837 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in Consolidated Water during the fourth quarter valued at approximately $143,000. Jump Financial LLC acquired a new position in Consolidated Water during the fourth quarter valued at approximately $595,000. Finally, Principal Financial Group Inc. acquired a new position in Consolidated Water during the first quarter valued at approximately $445,000. 55.16% of the stock is currently owned by hedge funds and other institutional investors.

Consolidated Water Stock Up 2.3 %

Shares of CWCO stock opened at $26.74 on Wednesday. The firm’s 50 day moving average price is $27.14 and its two-hundred day moving average price is $26.85. Consolidated Water Co. Ltd. has a fifty-two week low of $23.70 and a fifty-two week high of $38.29.

Consolidated Water (NASDAQ:CWCO) last posted its earnings results on Wednesday, August 14th. The utilities provider reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.08). Consolidated Water had a return on equity of 15.49% and a net margin of 23.26%. The firm had revenue of $32.48 million for the quarter, compared to analyst estimates of $37.12 million. Analysts expect that Consolidated Water Co. Ltd. will post 1.25 EPS for the current year.

Consolidated Water Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 1st will be given a dividend of $0.11 per share. This is a boost from Consolidated Water’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Tuesday, October 1st.

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.