New Jersey Better Educational Savings Trust lowered its stake in Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 3.4% during the second quarter, Holdings Channel reports. The fund owned 56,000 shares of the utilities provider’s stock after selling 2,000 shares during the period. New Jersey Better Educational Savings Trust’s holdings in Consolidated Water Co. were worth $694,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. State Street Corp increased its position in Consolidated Water Co. by 6.1% in the fourth quarter. State Street Corp now owns 175,638 shares of the utilities provider’s stock valued at $1,905,000 after buying an additional 10,061 shares during the last quarter. Teachers Advisors LLC increased its position in Consolidated Water Co. by 10.5% in the fourth quarter. Teachers Advisors LLC now owns 23,541 shares of the utilities provider’s stock valued at $255,000 after buying an additional 2,233 shares during the last quarter. First Manhattan Co. increased its position in Consolidated Water Co. by 0.5% in the first quarter. First Manhattan Co. now owns 697,213 shares of the utilities provider’s stock valued at $8,101,000 after buying an additional 3,800 shares during the last quarter. Russell Investments Group Ltd. increased its position in Consolidated Water Co. by 2,505.9% in the first quarter. Russell Investments Group Ltd. now owns 46,907 shares of the utilities provider’s stock valued at $547,000 after buying an additional 45,107 shares during the last quarter. Finally, NJ State Employees Deferred Compensation Plan bought a new position in Consolidated Water Co. during the first quarter valued at $466,000. 51.43% of the stock is owned by institutional investors.

Consolidated Water Co. Ltd. (NASDAQ CWCO) opened at 12.65 on Thursday. Consolidated Water Co. Ltd. has a 52-week low of $9.80 and a 52-week high of $13.51. The firm’s 50-day moving average price is $12.60 and its 200 day moving average price is $11.59. The stock has a market cap of $188.35 million, a P/E ratio of 41.48 and a beta of 0.87.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Monday, July 3rd were given a dividend of $0.075 per share. The ex-dividend date was Thursday, June 29th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.37%. Consolidated Water Co.’s dividend payout ratio (DPR) is presently 96.77%.

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Several equities analysts have weighed in on CWCO shares. TheStreet raised Consolidated Water Co. from a “c+” rating to a “b-” rating in a research report on Monday, April 24th. Zacks Investment Research downgraded Consolidated Water Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st.

About Consolidated Water Co.

Consolidated Water Co Ltd. develops and operates seawater desalination plants (that utilize reverse osmosis technology) and water distribution systems in areas where naturally occurring supplies of potable water are scarce or non-existent. The Company operates in three segments: retail water operations, bulk water operations and services operations.

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Institutional Ownership by Quarter for Consolidated Water Co. (NASDAQ:CWCO)

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