New York State Common Retirement Fund Sells 50,589 Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO)

New York State Common Retirement Fund decreased its position in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 26.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 141,883 shares of the utilities provider’s stock after selling 50,589 shares during the quarter. New York State Common Retirement Fund’s holdings in Consolidated Water were worth $3,673,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CWCO. JPMorgan Chase & Co. raised its stake 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 acquiring an additional 105,711 shares during the period. Inspire Investing LLC bought a new stake in Consolidated Water during the 4th quarter worth approximately $849,000. Dynamic Technology Lab Private Ltd bought a new stake in Consolidated Water during the 3rd quarter worth approximately $608,000. Geode Capital Management LLC raised its stake in Consolidated Water by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 423,163 shares of the utilities provider’s stock worth $10,669,000 after acquiring an additional 20,394 shares during the period. Finally, Jane Street Group LLC raised its stake in Consolidated Water by 102.5% during the 3rd quarter. Jane Street Group LLC now owns 33,190 shares of the utilities provider’s stock worth $837,000 after acquiring an additional 16,803 shares during the period. Institutional investors own 55.16% of the company’s stock.

Insider Activity

In other news, CEO Frederick W. Mctaggart sold 2,000 shares of Consolidated Water stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $28.00, for a total transaction of $56,000.00. Following the sale, the chief executive officer now owns 271,995 shares in the company, valued at $7,615,860. This trade represents a 0.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 5.87% of the company’s stock.

Consolidated Water Price Performance

Consolidated Water stock opened at $27.07 on Friday. The stock has a market cap of $428.65 million, a P/E ratio of 16.71, a PEG ratio of 2.44 and a beta of 0.22. Consolidated Water Co. Ltd. has a 1 year low of $23.55 and a 1 year high of $33.34. The firm’s 50 day moving average price is $26.34 and its 200-day moving average price is $25.98.

Consolidated Water Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Tuesday, April 1st. Consolidated Water’s payout ratio is currently 27.16%.

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.