Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) have earned an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.

Brokers have set a 12-month consensus price target of $15.00 for the company and are forecasting that the company will post $0.14 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Consolidated Water Co. an industry rank of 110 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research cut shares of Consolidated Water Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st.

Shares of Consolidated Water Co. (CWCO) traded down 0.79% on Monday, hitting $12.60. The stock had a trading volume of 3,959 shares. Consolidated Water Co. has a 12 month low of $9.80 and a 12 month high of $13.50. The firm’s 50-day moving average price is $12.70 and its 200 day moving average price is $12.32. The firm has a market cap of $187.74 million, a P/E ratio of 63.64 and a beta of 0.91.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Monday, October 2nd will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.30 annualized dividend and a yield of 2.36%. Consolidated Water Co.’s dividend payout ratio is presently 150.01%.

Several institutional investors have recently bought and sold shares of CWCO. Russell Investments Group Ltd. grew its stake in shares of Consolidated Water Co. by 2,505.9% in the 1st 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. Wells Fargo & Company MN grew its stake in shares of Consolidated Water Co. by 13.7% in the 1st 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. Ameriprise Financial Inc. grew its stake in shares of Consolidated Water Co. by 261.5% in the 1st quarter. Ameriprise Financial Inc. now owns 242,780 shares of the utilities provider’s stock valued at $2,827,000 after buying an additional 175,619 shares during the period. American International Group Inc. grew its stake in shares of Consolidated Water Co. by 7.1% in the 1st quarter. American International Group Inc. now owns 8,953 shares of the utilities provider’s stock valued at $104,000 after buying an additional 593 shares during the period. Finally, Thrivent Financial For Lutherans grew its stake in shares of Consolidated Water Co. by 0.9% in the 1st quarter. Thrivent Financial For Lutherans now owns 63,790 shares of the utilities provider’s stock valued at $743,000 after buying an additional 550 shares during the period. 45.74% of the stock is owned by institutional investors and hedge funds.

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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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