Mitchell Mcleod Pugh & Williams Inc. Continues to Hold Position in Middlesex Water Company (MSEX)

Mitchell Mcleod Pugh & Williams Inc. held its stake in shares of Middlesex Water Company (NASDAQ:MSEX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,650 shares of the utilities provider’s stock at the end of the second quarter. Mitchell Mcleod Pugh & Williams Inc. owned 0.07% of Middlesex Water worth $422,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. AQR Capital Management LLC boosted its stake in shares of Middlesex Water by 16.7% in the fourth quarter. AQR Capital Management LLC now owns 83,143 shares of the utilities provider’s stock worth $3,570,000 after buying an additional 11,896 shares in the last quarter. State Street Corp boosted its stake in shares of Middlesex Water by 5.6% in the fourth quarter. State Street Corp now owns 327,202 shares of the utilities provider’s stock worth $14,050,000 after buying an additional 17,300 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Middlesex Water by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 529,175 shares of the utilities provider’s stock worth $22,723,000 after buying an additional 17,626 shares in the last quarter. American International Group Inc. boosted its stake in shares of Middlesex Water by 7.1% in the first quarter. American International Group Inc. now owns 9,770 shares of the utilities provider’s stock worth $361,000 after buying an additional 644 shares in the last quarter. Finally, Martingale Asset Management L P boosted its stake in shares of Middlesex Water by 2.4% in the first quarter. Martingale Asset Management L P now owns 75,706 shares of the utilities provider’s stock worth $2,798,000 after buying an additional 1,800 shares in the last quarter. Institutional investors and hedge funds own 48.93% of the company’s stock.

Shares of Middlesex Water Company (NASDAQ MSEX) opened at 38.86 on Wednesday. The firm has a market capitalization of $634.86 million, a PE ratio of 29.33 and a beta of 0.40. Middlesex Water Company has a 12 month low of $32.23 and a 12 month high of $44.48. The firm’s 50 day moving average is $39.47 and its 200-day moving average is $37.51.

Middlesex Water (NASDAQ:MSEX) last posted its quarterly earnings data on Tuesday, August 1st. The utilities provider reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.05. Middlesex Water had a net margin of 16.46% and a return on equity of 9.95%. The company had revenue of $33.01 million for the quarter, compared to analyst estimates of $34 million. On average, analysts expect that Middlesex Water Company will post $1.48 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be paid a dividend of $0.2113 per share. This represents a $0.85 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Wednesday, August 9th. Middlesex Water’s dividend payout ratio is currently 63.91%.

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MSEX has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Middlesex Water from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Zacks Investment Research cut shares of Middlesex Water from a “hold” rating to a “sell” rating in a research report on Friday, August 4th.

About Middlesex Water

Middlesex Water Company is a water utility company. The Company owns and operates regulated water utility and wastewater systems in New Jersey, Delaware and Pennsylvania. The Company also operates water and wastewater systems under contract on behalf of municipal and private clients in New Jersey and Delaware.

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

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