UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 13,810 Shares of Middlesex Water Company $MSEX

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of Middlesex Water Company (NASDAQ:MSEX) by 24.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,679 shares of the utilities provider’s stock after selling 13,810 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.22% of Middlesex Water worth $2,341,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MSEX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Middlesex Water by 8.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,921 shares of the utilities provider’s stock valued at $892,000 after buying an additional 1,058 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Middlesex Water by 23.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 190,574 shares of the utilities provider’s stock worth $12,216,000 after buying an additional 36,540 shares in the last quarter. Creative Planning grew its holdings in Middlesex Water by 47.1% during the 2nd quarter. Creative Planning now owns 4,795 shares of the utilities provider’s stock worth $260,000 after acquiring an additional 1,535 shares during the last quarter. American Century Companies Inc. grew its holdings in Middlesex Water by 21.0% during the 2nd quarter. American Century Companies Inc. now owns 42,320 shares of the utilities provider’s stock worth $2,293,000 after acquiring an additional 7,335 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Middlesex Water by 7.9% during the 2nd quarter. Invesco Ltd. now owns 327,335 shares of the utilities provider’s stock worth $17,735,000 after acquiring an additional 23,872 shares during the last quarter. Institutional investors own 79.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Robert W. Baird set a $66.00 target price on shares of Middlesex Water in a research note on Friday, July 31st. New Street Research set a $64.00 price target on shares of Middlesex Water in a research note on Thursday, July 9th. Finally, Weiss Ratings raised shares of Middlesex Water from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 4th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Middlesex Water currently has a consensus rating of “Moderate Buy” and an average price target of $61.67.

Middlesex Water Stock Performance

Shares of Middlesex Water stock opened at $56.69 on Friday. The firm has a fifty day moving average of $57.34 and a two-hundred day moving average of $54.40. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 21.89 and a beta of 0.74. Middlesex Water Company has a 52 week low of $44.17 and a 52 week high of $62.17. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.41 and a current ratio of 0.50.

Middlesex Water (NASDAQ:MSEX) last posted its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.13. Middlesex Water had a return on equity of 9.59% and a net margin of 23.26%.The company had revenue of $56.36 million for the quarter, compared to the consensus estimate of $54.51 million.

Middlesex Water Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were paid a $0.36 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.44 annualized dividend and a yield of 2.5%. Middlesex Water’s dividend payout ratio is presently 55.60%.

Insider Transactions at Middlesex Water

In other Middlesex Water news, VP Lorrie Ginegaw sold 615 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $57.61, for a total transaction of $35,430.15. Following the transaction, the vice president owned 3,978 shares in the company, valued at approximately $229,172.58. This trade represents a 13.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.92% of the company’s stock.

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.