American Century Companies Inc. Invests $259,000 in Consolidated Water Co. Ltd. (NASDAQ:CWCO)

American Century Companies Inc. bought a new stake in Consolidated Water Co. Ltd. (NASDAQ:CWCO) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 10,019 shares of the utilities provider’s stock, valued at approximately $259,000.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in shares of Consolidated Water by 5.1% in the 3rd quarter. Geode Capital Management LLC now owns 423,163 shares of the utilities provider’s stock worth $10,669,000 after acquiring an additional 20,394 shares during the period. Inspire Investing LLC bought a new position in Consolidated Water in the fourth quarter worth $849,000. Charles Schwab Investment Management Inc. boosted its stake in Consolidated Water by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 43,175 shares of the utilities provider’s stock worth $1,088,000 after buying an additional 1,159 shares in the last quarter. Barclays PLC increased its holdings in Consolidated Water by 288.8% in the 3rd quarter. Barclays PLC now owns 20,350 shares of the utilities provider’s stock valued at $514,000 after buying an additional 15,116 shares during the period. Finally, JPMorgan Chase & Co. raised its stake 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 valued at $7,540,000 after buying an additional 105,711 shares in the last quarter. 55.16% of the stock is owned by institutional investors and hedge funds.

Consolidated Water Stock Performance

Shares of Consolidated Water stock opened at $23.97 on Monday. Consolidated Water Co. Ltd. has a twelve month low of $22.90 and a twelve month high of $30.32. The firm has a market cap of $380.52 million, a P/E ratio of 14.80, a price-to-earnings-growth ratio of 2.44 and a beta of 0.27. The firm’s 50-day simple moving average is $26.25 and its 200-day simple moving average is $25.86.

Consolidated Water Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 1st will be issued a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.84%. Consolidated Water’s payout ratio is presently 27.16%.

Insider Buying and Selling

In related news, CEO Frederick W. Mctaggart sold 2,000 shares of the firm’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 completion of the sale, the chief executive officer now directly owns 271,995 shares of the company’s stock, valued at $7,615,860. This trade represents a 0.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.87% of the stock is owned by corporate insiders.

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.