Middlesex Water Company $MSEX Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in Middlesex Water Company (NASDAQ:MSEX) by 178.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,664 shares of the utilities provider’s stock after purchasing an additional 18,382 shares during the period. SG Americas Securities LLC’s holdings in Middlesex Water were worth $1,492,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. T. Rowe Price Investment Management Inc. grew its position in shares of Middlesex Water by 4.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,699,403 shares of the utilities provider’s stock valued at $85,684,000 after purchasing an additional 66,174 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Middlesex Water by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 1,398,851 shares of the utilities provider’s stock worth $70,530,000 after purchasing an additional 25,363 shares during the last quarter. Morgan Stanley lifted its stake in Middlesex Water by 112.0% in the 4th quarter. Morgan Stanley now owns 1,066,578 shares of the utilities provider’s stock valued at $53,777,000 after buying an additional 563,457 shares in the last quarter. State Street Corp grew its holdings in Middlesex Water by 3.9% during the 4th quarter. State Street Corp now owns 730,072 shares of the utilities provider’s stock valued at $36,810,000 after buying an additional 27,597 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Middlesex Water by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 464,484 shares of the utilities provider’s stock valued at $23,424,000 after buying an additional 5,132 shares during the last quarter. 79.52% of the stock is currently owned by institutional investors and hedge funds.

Middlesex Water Price Performance

Shares of NASDAQ MSEX opened at $57.55 on Friday. The firm has a market cap of $1.07 billion, a P/E ratio of 23.98 and a beta of 0.78. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.32 and a current ratio of 0.39. Middlesex Water Company has a 1 year low of $44.17 and a 1 year high of $62.17. The firm’s 50 day moving average price is $52.81 and its 200 day moving average price is $52.70.

Middlesex Water (NASDAQ:MSEX) last posted its quarterly earnings data on Thursday, April 30th. The utilities provider reported $0.57 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.57. The business had revenue of $48.71 million for the quarter, compared to analysts’ expectations of $49.75 million. Middlesex Water had a return on equity of 9.08% and a net margin of 22.07%.

Middlesex Water Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Friday, May 15th. Middlesex Water’s dividend payout ratio (DPR) is presently 60.00%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wall Street Zen raised Middlesex Water from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded Middlesex Water from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $56.67.

Middlesex Water Company Profile

Middlesex Water Company is a regulated utility specializing in the provision of potable water and wastewater collection services to residential, commercial and industrial customers. The company operates through its wholly owned subsidiaries, supplying treated water and effectively managing sewage collection systems under state and local regulatory frameworks. Its core mission centers on delivering safe, reliable water while complying with stringent environmental and public health standards.

Founded in 1897 and headquartered in Iselin, New Jersey, Middlesex Water has grown from a local water works enterprise into a multi?state utilities group.