Flputnam Investment Management Co. Purchases New Shares in Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Flputnam Investment Management Co. purchased a new position in Consolidated Water Co. Ltd. (NASDAQ:CWCO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,050 shares of the utilities provider’s stock, valued at approximately $215,000.

Several other institutional investors and hedge funds also recently bought and sold shares of CWCO. BlackRock Inc. boosted its position in shares of Consolidated Water by 344.1% during the second quarter. BlackRock Inc. now owns 985,963 shares of the utilities provider’s stock valued at $23,890,000 after buying an additional 763,948 shares during the period. Legal & General Group Plc grew its position in Consolidated Water by 16,054.8% in the 3rd quarter. Legal & General Group Plc now owns 331,982 shares of the utilities provider’s stock valued at $9,442,000 after acquiring an additional 329,927 shares during the last quarter. Geode Capital Management LLC increased its stake in Consolidated Water by 137.9% in the second quarter. Geode Capital Management LLC now owns 326,009 shares of the utilities provider’s stock worth $7,899,000 after purchasing an additional 188,963 shares during the period. Invesco Ltd. lifted its position in shares of Consolidated Water by 86.8% during the third quarter. Invesco Ltd. now owns 379,739 shares of the utilities provider’s stock worth $10,800,000 after purchasing an additional 176,412 shares during the last quarter. Finally, Vanguard Group Inc. purchased a new stake in shares of Consolidated Water during the first quarter valued at $1,796,000. 55.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Consolidated Water from a “hold” rating to a “buy” rating in a research note on Wednesday, April 3rd.

Consolidated Water Trading Up 1.0 %

Shares of NASDAQ CWCO opened at $24.11 on Friday. Consolidated Water Co. Ltd. has a 52-week low of $16.50 and a 52-week high of $38.29. The stock has a 50 day moving average price of $28.25 and a 200 day moving average price of $31.27.

Consolidated Water Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 1st will be issued a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Thursday, March 28th.

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.