2 weeks Ago By Defense World Staff
Bank of Montreal Can boosted its holdings in shares of Middlesex Water (NASDAQ:MSEX – Free Report) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,474 shares of the utilities provider’s stock after purchasing an additional 250 shares during the period.
Bank of Montreal Can’s holdings in Middlesex Water were worth $393,000 as of its most recent SEC filing. Other large investors have also made changes to their positions in the company. Barclays PLC boosted its stake in Middlesex Water by 349.
4% in the third quarter. Barclays PLC now owns 29,919 shares of the utilities provider’s stock valued at $1,952,000 after acquiring an additional 23,262 shares during the last quarter. Geode Capital Management LLC raised its position in Middlesex Water by 0.
8% in the 3rd quarter. Geode Capital Management LLC now owns 434,559 shares of the utilities provider’s stock valued at $28,356,000 after buying an additional 3,430 shares during the last quarter. Inspire Investing LLC boosted its stake in shares of Middlesex Water by 20.
8% during the 4th quarter. Inspire Investing LLC now owns 7,633 shares of the utilities provider’s stock worth $402,000 after buying an additional 1,315 shares during the last quarter. Allworth Financial LP raised its stake in shares of Middlesex Water by 1,136.
4% during the 4th quarter. Allworth Financial LP now owns 544 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 500 shares in the last quarter. Finally, Principal Financial Group Inc.
increased its stake in shares of Middlesex Water by 3.0% during the 4th quarter. Principal Financial Group Inc.
now owns 86,640 shares of the utilities provider’s stock worth $4,560,000 after purchasing an additional 2,544 shares during the last quarter. Institutional investors own 79.52% of the company’s stock.
Middlesex Water Stock Up 1.2 %NASDAQ MSEX opened at $63.26 on Wednesday.
The stock has a market capitalization of $1.13 billion, a PE ratio of 27.50, a PEG ratio of 1.
50 and a beta of 0.80. The business’s 50-day moving average is $59.
50 and its 200 day moving average is $58.84. Middlesex Water has a 1 year low of $47.
58 and a 1 year high of $70.73. The company has a debt-to-equity ratio of 0.
80, a current ratio of 0.65 and a quick ratio of 0.57.
Middlesex Water (NASDAQ:MSEX – Get Free Report) last released its quarterly earnings data on Friday, February 28th. The utilities provider reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.
36 by $0.13. Middlesex Water had a net margin of 22.
53% and a return on equity of 9.58%. The business had revenue of $47.
11 million during the quarter, compared to analyst estimates of $45.00 million. During the same period last year, the business earned $0.
32 EPS. Sell-side analysts forecast that Middlesex Water will post 2.34 earnings per share for the current year.
Middlesex Water Dividend AnnouncementThe company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.34 per share.
This represents a $1.36 dividend on an annualized basis and a yield of 2.15%.
The ex-dividend date was Tuesday, February 18th. Middlesex Water’s payout ratio is 55.06%.
Analyst Ratings ChangesA number of research firms have commented on MSEX. Baird R W upgraded Middlesex Water from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 3rd. StockNews.
com raised Middlesex Water from a “sell” rating to a “hold” rating in a research note on Friday, April 18th. Janney Montgomery Scott reiterated a “neutral” rating on shares of Middlesex Water in a report on Friday, April 4th. Finally, Robert W.
Baird upgraded Middlesex Water from a “neutral” rating to an “outperform” rating and set a $61.00 target price on the stock in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company.
According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $58.50.
Read Our Latest Analysis on MSEXInsiders Place Their BetsIn other Middlesex Water news, Director Dennis W. Doll sold 4,067 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $60.
05, for a total transaction of $244,223.35. Following the sale, the director now directly owns 52,112 shares in the company, valued at $3,129,325.
60. This represents a 7.24 % decrease in their ownership of the stock.
The sale was disclosed in a document filed with the SEC, which is available at this link. 1.86% of the stock is currently owned by company insiders.
Middlesex Water Company Profile (Free Report)Middlesex Water Company owns and operates regulated water utility and wastewater systems. It operates in Regulated and Non-Regulated segments. The Regulated segment collects, treats, and distributes water on a retail and wholesale basis to residential, commercial, industrial, and fire protection customers, as well as provides regulated wastewater systems in New Jersey and Delaware.
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