Wesbanco Bank Inc. Buys New Shares in Global Water Resources, Inc. (NASDAQ:GWRS)

Wesbanco Bank Inc. bought a new position in shares of Global Water Resources, Inc. (NASDAQ:GWRS) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 31,000 shares of the utilities provider’s stock, valued at approximately $356,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GWRS. Dynamic Advisor Solutions LLC grew its holdings in shares of Global Water Resources by 4.2% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 26,268 shares of the utilities provider’s stock worth $331,000 after purchasing an additional 1,055 shares in the last quarter. State Street Corp boosted its stake in Global Water Resources by 0.7% during the third quarter. State Street Corp now owns 220,872 shares of the utilities provider’s stock worth $2,781,000 after buying an additional 1,496 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Global Water Resources by 2.6% during the second quarter. Renaissance Technologies LLC now owns 240,447 shares of the utilities provider’s stock worth $2,909,000 after buying an additional 6,000 shares in the last quarter. Geode Capital Management LLC increased its holdings in Global Water Resources by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 272,509 shares of the utilities provider’s stock valued at $3,431,000 after buying an additional 8,593 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Global Water Resources by 151.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,954 shares of the utilities provider’s stock valued at $264,000 after buying an additional 12,636 shares in the last quarter. 27.91% of the stock is currently owned by institutional investors.

Global Water Resources Price Performance

Shares of Global Water Resources stock opened at $12.02 on Friday. The firm has a market cap of $291.12 million, a P/E ratio of 44.52, a price-to-earnings-growth ratio of 2.67 and a beta of 0.99. The firm’s 50-day simple moving average is $12.18 and its 200-day simple moving average is $12.42. Global Water Resources, Inc. has a twelve month low of $11.05 and a twelve month high of $13.98. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.63 and a current ratio of 1.62.

Global Water Resources (NASDAQ:GWRS) last released its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Global Water Resources had a return on equity of 14.23% and a net margin of 12.52%. The company had revenue of $14.32 million for the quarter, compared to the consensus estimate of $14.65 million. During the same period in the previous year, the business earned $0.11 earnings per share. As a group, research analysts expect that Global Water Resources, Inc. will post 0.28 EPS for the current fiscal year.

Global Water Resources Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a dividend of $0.0253 per share. The ex-dividend date is Friday, January 17th. This represents a $0.30 annualized dividend and a yield of 2.53%. Global Water Resources’s dividend payout ratio is currently 111.11%.

Global Water Resources Company Profile

Global Water Resources, Inc, a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water systems primarily in metropolitan Phoenix and Tucson, Arizona. It serves approximately 82,000 people in approximately 32,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.