129,345 Shares in Middlesex Water Company $MSEX Acquired by Jupiter Topco LLC

Jupiter Topco LLC bought a new position in shares of Middlesex Water Company (NASDAQ:MSEX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 129,345 shares of the utilities provider’s stock, valued at approximately $7,264,000.

Other large investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Middlesex Water in the 2nd quarter valued at $25,000. Parallel Advisors LLC increased its position in shares of Middlesex Water by 68.6% during the 1st quarter. Parallel Advisors LLC now owns 521 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 212 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Middlesex Water in the 2nd quarter valued at about $27,000. Western Wealth Management LLC purchased a new stake in Middlesex Water in the 1st quarter valued at about $33,000. Finally, Versant Capital Management Inc raised its holdings in Middlesex Water by 328.9% in the 2nd quarter. Versant Capital Management Inc now owns 682 shares of the utilities provider’s stock valued at $38,000 after buying an additional 523 shares during the period. Institutional investors and hedge funds own 79.52% of the company’s stock.

Middlesex Water Price Performance

MSEX opened at $58.49 on Monday. The stock’s 50-day moving average price is $56.81 and its 200 day moving average price is $54.13. Middlesex Water Company has a 12-month low of $44.17 and a 12-month high of $62.17. The company has a current ratio of 0.50, a quick ratio of 0.41 and a debt-to-equity ratio of 0.76. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 22.58 and a beta of 0.75.

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

Middlesex Water Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $1.44 annualized dividend and a dividend yield of 2.5%. Middlesex Water’s dividend payout ratio (DPR) is presently 55.60%.

Insider Activity at Middlesex Water

In related news, VP Lorrie Beth Ginegaw sold 615 shares of Middlesex Water stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $57.61, for a total value of $35,430.15. Following the completion of the transaction, the vice president owned 3,978 shares in the company, valued at approximately $229,172.58. The trade was a 13.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.92% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on MSEX. Robert W. Baird set a $66.00 target price on shares of Middlesex Water in a research note on Friday, July 31st. Wall Street Zen raised shares of Middlesex Water from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded shares of Middlesex Water from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 4th. Finally, New Street Research set a $64.00 price objective on shares of Middlesex Water in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $61.67.

About Middlesex Water

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.