Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) have been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Brokerages have set a 1 year consensus price target of $15.00 for the company and are anticipating that the company will post $0.14 earnings per share for the current quarter, according to Zacks. Zacks has also given Consolidated Water Co. an industry rank of 64 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research downgraded Consolidated Water Co. from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st.

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Shares of Consolidated Water Co. (NASDAQ CWCO) traded down 4.45% during midday trading on Friday, hitting $11.80. 110,415 shares of the stock were exchanged. The firm has a 50 day moving average of $12.60 and a 200-day moving average of $11.76. The company has a market cap of $175.82 million, a price-to-earnings ratio of 59.60 and a beta of 0.87. Consolidated Water Co. has a one year low of $9.80 and a one year high of $13.10.

The company also recently announced a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Monday, July 3rd were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend was Thursday, June 29th. Consolidated Water Co.’s dividend payout ratio is presently 150.01%.

Hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN increased its stake in shares of Consolidated Water Co. by 13.7% in the first quarter. Wells Fargo & Company MN now owns 31,462 shares of the utilities provider’s stock valued at $367,000 after buying an additional 3,779 shares during the period. NJ State Employees Deferred Compensation Plan bought a new stake in shares of Consolidated Water Co. during the first quarter valued at about $466,000. Russell Investments Group Ltd. increased its stake in shares of 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 period. LSV Asset Management bought a new stake in shares of Consolidated Water Co. during the first quarter valued at about $997,000. Finally, Teachers Advisors LLC increased its stake in shares of 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 period. 51.42% of the stock is currently owned by institutional investors and hedge funds.

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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