Zacks Investment Research lowered shares of Consolidated Water (NASDAQ:CWCO) from a hold rating to a sell rating in a research report sent to investors on Monday morning.

According to Zacks, “Consolidated Water carries risk of failure to renew long term contracts with major customers as well as negative foreign exchange fluctuation hurting performance. Fluctuation in weather conditions and risk of water contamination are other headwinds. Loss in Consolidated Water’s shares were narrower compared with the industry‘s loss in the last month. Consolidated Water is presently utilizing the most advanced technology to convert seawater to potable water. Apart from expanding organically, the company is also working to broaden its operation through strategic acquisition. To further expand its drinking water and wastewater services, the company is working relentlessly to expand its existing operations in the Cayman Islands, The Bahamas and Belize.”

Other research analysts have also recently issued reports about the stock. TheStreet raised shares of Consolidated Water from a c+ rating to a b- rating in a research report on Friday, November 24th. Roth Capital set a $15.00 target price on shares of Consolidated Water and gave the stock a buy rating in a research report on Monday, November 13th.

Consolidated Water (NASDAQ:CWCO) opened at $12.60 on Monday. Consolidated Water has a 12-month low of $10.10 and a 12-month high of $13.95. The company has a market cap of $187.76, a price-to-earnings ratio of 22.91, a PEG ratio of 2.48 and a beta of 0.75.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 3rd were given a dividend of $0.085 per share. This is a boost from Consolidated Water’s previous quarterly dividend of $0.08. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date was Tuesday, January 2nd. Consolidated Water’s payout ratio is presently 82.93%.

A number of institutional investors and hedge funds have recently bought and sold shares of CWCO. Rhumbline Advisers raised its holdings in Consolidated Water by 4.1% in the second quarter. Rhumbline Advisers now owns 16,577 shares of the utilities provider’s stock valued at $206,000 after acquiring an additional 660 shares in the last quarter. Alliancebernstein L.P. acquired a new stake in Consolidated Water in the second quarter valued at $135,000. Ameriprise Financial Inc. raised its holdings in Consolidated Water by 7.1% in the second quarter. Ameriprise Financial Inc. now owns 259,998 shares of the utilities provider’s stock valued at $3,223,000 after acquiring an additional 17,218 shares in the last quarter. Nationwide Fund Advisors raised its holdings in Consolidated Water by 27.1% in the second quarter. Nationwide Fund Advisors now owns 52,486 shares of the utilities provider’s stock valued at $651,000 after acquiring an additional 11,200 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Consolidated Water by 1.4% in the second quarter. Northern Trust Corp now owns 173,892 shares of the utilities provider’s stock valued at $2,156,000 after acquiring an additional 2,476 shares in the last quarter. 49.43% of the stock is currently owned by hedge funds and other institutional investors.

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Consolidated Water Company Profile

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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