Roth Capital set a $15.00 price objective on Consolidated Water Co. Ltd. (NASDAQ:CWCO) in a report published on Monday morning. The brokerage currently has a buy rating on the utilities provider’s stock.

Several other brokerages also recently issued reports on CWCO. Zacks Investment Research raised Consolidated Water Co. from a sell rating to a hold rating in a report on Wednesday, October 11th. TheStreet downgraded Consolidated Water Co. from a b rating to a c+ rating in a report on Wednesday, November 1st.

Shares of Consolidated Water Co. (NASDAQ:CWCO) opened at $12.00 on Monday. Consolidated Water Co. has a twelve month low of $9.80 and a twelve month high of $13.50. The stock has a market capitalization of $175.10, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 2.94 and a beta of 0.87.

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The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Monday, October 2nd were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 2.50%. The ex-dividend date was Friday, September 29th. Consolidated Water Co.’s dividend payout ratio is 73.17%.

Several institutional investors and hedge funds have recently bought and sold shares of CWCO. American International Group Inc. lifted its holdings in shares of Consolidated Water Co. by 7.1% during the first quarter. American International Group Inc. now owns 8,953 shares of the utilities provider’s stock worth $104,000 after buying an additional 593 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Consolidated Water Co. by 21.0% during the second quarter. Royal Bank of Canada now owns 8,382 shares of the utilities provider’s stock worth $104,000 after buying an additional 1,452 shares in the last quarter. Alliancebernstein L.P. acquired a new stake in shares of Consolidated Water Co. during the second quarter worth $135,000. Essex Financial Services Inc. lifted its holdings in shares of Consolidated Water Co. by 186.7% during the third quarter. Essex Financial Services Inc. now owns 14,159 shares of the utilities provider’s stock worth $181,000 after buying an additional 9,221 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Consolidated Water Co. during the first quarter worth $196,000. 46.28% of the stock is owned by institutional investors.

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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