JPMorgan Chase & Co. Raises Stock Holdings in Consolidated Water Co. Ltd. (NASDAQ:CWCO)

JPMorgan Chase & Co. lifted its holdings in Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 54.7% in the third quarter, HoldingsChannel reports. The firm owned 299,102 shares of the utilities provider’s stock after purchasing an additional 105,711 shares during the quarter. JPMorgan Chase & Co.’s holdings in Consolidated Water were worth $7,540,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Consolidated Water in the 2nd quarter worth $27,000. nVerses Capital LLC purchased a new stake in shares of Consolidated Water during the 3rd quarter valued at about $33,000. Copeland Capital Management LLC bought a new position in shares of Consolidated Water in the 3rd quarter valued at about $48,000. Stanley Laman Group Ltd. purchased a new position in Consolidated Water in the third quarter worth about $53,000. Finally, SG Americas Securities LLC purchased a new position in Consolidated Water in the third quarter worth about $132,000. Institutional investors own 55.16% of the company’s stock.

Consolidated Water Price Performance

NASDAQ:CWCO opened at $25.99 on Wednesday. The firm has a market capitalization of $411.55 million, a price-to-earnings ratio of 18.56, a PEG ratio of 2.54 and a beta of 0.22. The business has a 50 day simple moving average of $25.84 and a 200-day simple moving average of $26.05. Consolidated Water Co. Ltd. has a 1 year low of $23.55 and a 1 year high of $33.94.

Consolidated Water Dividend Announcement

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

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.