Wesbanco Bank Inc. Makes New $356,000 Investment in Global Water Resources, Inc. (NASDAQ:GWRS)

Wesbanco Bank Inc. purchased a new position in shares of Global Water Resources, Inc. (NASDAQ:GWRS) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 31,000 shares of the utilities provider’s stock, valued at approximately $356,000. Wesbanco Bank Inc. owned approximately 0.13% of Global Water Resources as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in GWRS. Avanza Fonder AB bought a new stake in Global Water Resources during the fourth quarter worth approximately $327,000. JPMorgan Chase & Co. lifted its stake in shares of Global Water Resources by 151.9% in the third quarter. JPMorgan Chase & Co. now owns 20,954 shares of the utilities provider’s stock worth $264,000 after buying an additional 12,636 shares during the last quarter. Barclays PLC boosted its holdings in shares of Global Water Resources by 89.3% during the 3rd quarter. Barclays PLC now owns 31,663 shares of the utilities provider’s stock worth $400,000 after buying an additional 14,936 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Global Water Resources by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 272,509 shares of the utilities provider’s stock worth $3,431,000 after buying an additional 8,593 shares during the period. Finally, State Street Corp grew its stake in Global Water Resources by 0.7% in the 3rd quarter. State Street Corp now owns 220,872 shares of the utilities provider’s stock valued at $2,781,000 after buying an additional 1,496 shares during the last quarter. Institutional investors and hedge funds own 27.91% of the company’s stock.

Global Water Resources Stock Up 2.3 %

Global Water Resources stock opened at $12.02 on Friday. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.62 and a quick ratio of 1.63. Global Water Resources, Inc. has a fifty-two week low of $11.05 and a fifty-two week high of $13.98. The firm has a fifty day moving average price of $12.18 and a two-hundred day moving average price of $12.42. The firm has a market cap of $291.12 million, a price-to-earnings ratio of 44.52, a P/E/G ratio of 2.67 and a beta of 0.99.

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

Global Water Resources Dividend Announcement

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

About Global Water Resources

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.