Sei Investments Co. Invests $837,000 in Middlesex Water (NASDAQ:MSEX)


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Sei Investments Co. purchased a new position in shares of Middlesex Water (NASDAQ:MSEX) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,463 shares of the utilities provider’s stock, valued at approximately $837,000.

Other large investors have also recently added to or reduced their stakes in the company. Aperio Group LLC raised its stake in shares of Middlesex Water by 4.9% during the 3rd quarter. Aperio Group LLC now owns 10,069 shares of the utilities provider’s stock worth $626,000 after buying an additional 472 shares during the last quarter. First Trust Advisors LP increased its position in Middlesex Water by 45.0% during the 3rd quarter. First Trust Advisors LP now owns 175,344 shares of the utilities provider’s stock worth $10,898,000 after purchasing an additional 54,412 shares in the last quarter. Private Advisor Group LLC increased its position in Middlesex Water by 6.8% during the 2nd quarter. Private Advisor Group LLC now owns 9,198 shares of the utilities provider’s stock worth $618,000 after purchasing an additional 583 shares in the last quarter. Bank of America Corp DE increased its position in Middlesex Water by 31.2% during the 2nd quarter. Bank of America Corp DE now owns 38,048 shares of the utilities provider’s stock worth $2,557,000 after purchasing an additional 9,049 shares in the last quarter. Finally, Baystate Wealth Management LLC purchased a new stake in Middlesex Water during the 3rd quarter worth about $50,000. 53.90% of the stock is owned by institutional investors and hedge funds.

Several analysts have commented on MSEX shares. Zacks Investment Research cut Middlesex Water from a “buy” rating to a “hold” rating in a report on Friday, October 2nd. BidaskClub upgraded Middlesex Water from a “sell” rating to a “hold” rating in a report on Friday, December 11th.

Middlesex Water stock opened at $72.47 on Friday. The stock’s 50 day moving average price is $71.30 and its 200 day moving average price is $66.97. The firm has a market capitalization of $1.27 billion, a PE ratio of 33.40 and a beta of 0.23. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.44. Middlesex Water has a one year low of $48.79 and a one year high of $76.08.

Middlesex Water (NASDAQ:MSEX) last announced its earnings results on Wednesday, November 4th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.02. The company had revenue of $39.92 million for the quarter, compared to analyst estimates of $39.00 million. Middlesex Water had a return on equity of 11.51% and a net margin of 27.34%. On average, analysts forecast that Middlesex Water will post 2.13 earnings per share for the current fiscal year.

Middlesex Water Profile

Middlesex Water Company owns and operates regulated water utility and wastewater systems. It operates in two segments, Regulated and Non-Regulated. The Regulated segment collects, treats, and distributes water on a retail and wholesale basis to residential, commercial, industrial, and fire protection customers in parts of New Jersey, Delaware, and Pennsylvania.

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Institutional Ownership by Quarter for Middlesex Water (NASDAQ:MSEX)

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