1 week Ago By ABMN Staff
Vanguard Group Inc. trimmed its stake in shares of Middlesex Water ( NASDAQ:MSEX – Free Report ) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The fund owned 1,391,501 shares of the utilities provider’s stock after selling 29,238 shares during the quarter. Vanguard Group Inc. owned approximately 0.
08% of Middlesex Water worth $73,235,000 at the end of the most recent quarter. Several other hedge funds also recently added to or reduced their stakes in the stock. Allworth Financial LP lifted its position in shares of Middlesex Water by 1,136.
4% during the fourth quarter. Allworth Financial LP now owns 544 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 500 shares during the last quarter. FMR LLC raised its stake in Middlesex Water by 9.
7% during the third quarter. FMR LLC now owns 7,018 shares of the utilities provider’s stock valued at $458,000 after buying an additional 618 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Middlesex Water during the 4th quarter worth approximately $379,000.
Inspire Investing LLC grew its position in shares of Middlesex Water by 20.8% in the 4th quarter. Inspire Investing LLC now owns 7,633 shares of the utilities provider’s stock worth $402,000 after acquiring an additional 1,315 shares in the last quarter.
Finally, Daiwa Securities Group Inc. grew its position in shares of Middlesex Water by 16.6% in the 4th quarter.
Daiwa Securities Group Inc. now owns 8,313 shares of the utilities provider’s stock worth $438,000 after acquiring an additional 1,186 shares in the last quarter. 79.
52% of the stock is owned by institutional investors and hedge funds. Analysts Set New Price Targets Several equities analysts recently issued reports on the company. Baird R W upgraded Middlesex Water from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 3rd.
StockNews.com lowered shares of Middlesex Water from a “hold” rating to a “sell” rating in a report on Thursday. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Middlesex Water in a research report on Friday, April 4th.
Finally, Robert W. Baird raised shares of Middlesex Water from a “neutral” rating to an “outperform” rating and set a $61.00 target price on the stock in a report on Monday, March 3rd.
Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Middlesex Water presently has a consensus rating of “Hold” and a consensus target price of $58.
50. Middlesex Water Stock Performance MSEX stock opened at $61.63 on Friday.
Middlesex Water has a 1 year low of $45.42 and a 1 year high of $70.73.
The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 1.
50 and a beta of 0.80. The company has a debt-to-equity ratio of 0.
80, a quick ratio of 0.57 and a current ratio of 0.65.
The stock’s fifty day moving average is $57.51 and its two-hundred day moving average is $58.92.
Middlesex Water ( NASDAQ:MSEX – Get Free Report ) last issued its quarterly earnings data on Friday, February 28th. The utilities provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.
36 by $0.13. Middlesex Water had a net margin of 22.
53% and a return on equity of 9.58%. The firm had revenue of $47.
11 million for the quarter, compared to the consensus estimate of $45.00 million. During the same period last year, the firm posted $0.
32 EPS. On average, research analysts predict that Middlesex Water will post 2.34 EPS for the current year.
Middlesex Water Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a $0.34 dividend.
This represents a $1.36 dividend on an annualized basis and a yield of 2.21%.
The ex-dividend date was Tuesday, February 18th. Middlesex Water’s dividend payout ratio (DPR) is 55.06%.
Insider Activity at Middlesex Water In other news, Director Dennis W. Doll sold 4,067 shares of the firm’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $60.
05, for a total transaction of $244,223.35. Following the transaction, the director now directly owns 52,112 shares of the company’s stock, valued at approximately $3,129,325.
60. This trade represents a 7.24 % decrease in their ownership of the stock.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website . 1.86% of the stock is owned by insiders.
About Middlesex Water ( Free Report ) Middlesex Water Company owns and operates regulated water utility and wastewater systems. It operates in Regulated and Non-Regulated segments. The Regulated segment collects, treats, and distributes water on a retail and wholesale basis to residential, commercial, industrial, and fire protection customers, as well as provides regulated wastewater systems in New Jersey and Delaware.
Further Reading Want to see what other hedge funds are holding MSEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Middlesex Water ( NASDAQ:MSEX – Free Report ). Receive News & Ratings for Middlesex Water Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Middlesex Water and related companies with MarketBeat.
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