Cullen Capital Management LLC Sells 4,860 Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Cullen Capital Management LLC trimmed its holdings in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 34.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,429 shares of the utilities provider’s stock after selling 4,860 shares during the quarter. Cullen Capital Management LLC’s holdings in Consolidated Water were worth $244,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Heartland Advisors Inc. bought a new stake in shares of Consolidated Water during the 4th quarter valued at $2,833,000. JPMorgan Chase & Co. grew its stake in shares of Consolidated Water by 54.7% during the third quarter. JPMorgan Chase & Co. now owns 299,102 shares of the utilities provider’s stock worth $7,540,000 after purchasing an additional 105,711 shares during the period. Inspire Investing LLC bought a new stake in Consolidated Water in the fourth quarter valued at about $849,000. Trexquant Investment LP lifted its stake in Consolidated Water by 284.8% in the fourth quarter. Trexquant Investment LP now owns 43,381 shares of the utilities provider’s stock valued at $1,123,000 after buying an additional 32,106 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Consolidated Water by 5.1% during the third quarter. Geode Capital Management LLC now owns 423,163 shares of the utilities provider’s stock worth $10,669,000 after buying an additional 20,394 shares during the last quarter. 55.16% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Consolidated Water news, CEO Frederick W. Mctaggart sold 2,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $28.00, for a total value of $56,000.00. Following the completion of the transaction, the chief executive officer now directly owns 271,995 shares of the company’s stock, valued at approximately $7,615,860. The trade was a 0.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.87% of the company’s stock.

Consolidated Water Price Performance

Shares of CWCO stock opened at $24.05 on Friday. The stock has a market cap of $381.79 million, a PE ratio of 14.85, a price-to-earnings-growth ratio of 2.44 and a beta of 0.27. The stock has a 50-day moving average of $26.63 and a 200-day moving average of $25.94. Consolidated Water Co. Ltd. has a one year low of $23.55 and a one year high of $30.32.

Consolidated Water Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 1st will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.83%. The ex-dividend date is Tuesday, April 1st. Consolidated Water’s payout ratio is presently 27.16%.

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.