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

Cullen Capital Management LLC cut its stake in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 34.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,429 shares of the utilities provider’s stock after selling 4,860 shares during the quarter. Cullen Capital Management LLC owned approximately 0.06% of Consolidated Water worth $244,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CWCO. TSP Capital Management Group LLC lifted its holdings in Consolidated Water by 1.5% during the 4th quarter. TSP Capital Management Group LLC now owns 479,175 shares of the utilities provider’s stock valued at $12,406,000 after purchasing an additional 7,075 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Consolidated Water by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 438,223 shares of the utilities provider’s stock worth $11,347,000 after buying an additional 15,060 shares in the last quarter. State Street Corp raised its stake in shares of Consolidated Water by 1.8% in the third quarter. State Street Corp now owns 332,902 shares of the utilities provider’s stock valued at $8,392,000 after acquiring an additional 5,976 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Consolidated Water by 54.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 299,102 shares of the utilities provider’s stock worth $7,540,000 after acquiring an additional 105,711 shares in the last quarter. Finally, Heartland Advisors Inc. bought a new stake in Consolidated Water during the 4th quarter worth approximately $2,833,000. 55.16% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Consolidated Water news, CEO Frederick W. Mctaggart sold 2,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $28.00, for a total transaction of $56,000.00. Following the transaction, the chief executive officer now owns 271,995 shares of the company’s stock, valued at approximately $7,615,860. This represents a 0.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.87% of the company’s stock.

Consolidated Water Stock Performance

Shares of CWCO opened at $24.05 on Friday. The company has a market cap of $381.79 million, a price-to-earnings ratio of 14.85, a PEG ratio of 2.44 and a beta of 0.27. The stock has a fifty day moving average price of $26.63 and a two-hundred day moving average price of $25.94. Consolidated Water Co. Ltd. has a 52-week low of $23.55 and a 52-week high of $30.32.

Consolidated Water Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 1st will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.44 annualized dividend and a yield of 1.83%. Consolidated Water’s dividend payout ratio (DPR) is 27.16%.

About Consolidated Water

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.