2 weeks Ago By ABMN Staff
Invesco Ltd. reduced its position in shares of Middlesex Water ( NASDAQ:MSEX – Free Report ) by 10.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
The firm owned 255,391 shares of the utilities provider’s stock after selling 28,891 shares during the period. Invesco Ltd. owned 1.
43% of Middlesex Water worth $13,441,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co.
Ltd. grew its position in shares of Middlesex Water by 1,006.4% in the fourth quarter.
Mitsubishi UFJ Asset Management Co. Ltd. now owns 520 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 473 shares during the last quarter.
Allworth Financial LP increased its position in Middlesex Water by 1,136.4% in the 4th quarter. Allworth Financial LP now owns 544 shares of the utilities provider’s stock worth $27,000 after buying an additional 500 shares during the period.
Crowley Wealth Management Inc. acquired a new position in shares of Middlesex Water during the fourth quarter worth approximately $37,000. Pictet Asset Management Holding SA boosted its position in shares of Middlesex Water by 31.
2% in the fourth quarter. Pictet Asset Management Holding SA now owns 5,009 shares of the utilities provider’s stock valued at $264,000 after acquiring an additional 1,192 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Middlesex Water in the fourth quarter worth $302,000.
79.52% of the stock is currently owned by institutional investors and hedge funds. Middlesex Water Stock Down 0.
3 % NASDAQ MSEX opened at $62.49 on Tuesday. Middlesex Water has a 1-year low of $47.
40 and a 1-year high of $70.73. The company has a current ratio of 0.
65, a quick ratio of 0.57 and a debt-to-equity ratio of 0.80.
The stock’s 50 day moving average is $59.25 and its two-hundred day moving average is $58.81.
The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 27.17, a PEG ratio of 1.
50 and a beta of 0.80. Middlesex Water Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd.
Shareholders of record on Tuesday, February 18th were given a $0.34 dividend. The ex-dividend date was Tuesday, February 18th.
This represents a $1.36 annualized dividend and a yield of 2.18%.
Middlesex Water’s payout ratio is 55.06%. Analysts Set New Price Targets MSEX has been the subject of a number of research reports.
Robert W. Baird raised shares of Middlesex Water from a “neutral” rating to an “outperform” rating and set a $61.00 price target for the company in a report on Monday, March 3rd.
StockNews.com raised Middlesex Water from a “sell” rating to a “hold” rating in a research report on Friday. Baird R W raised Middlesex Water from a “hold” rating to a “strong-buy” rating in a report on Monday, March 3rd.
Finally, Janney Montgomery Scott reissued a “neutral” rating on shares of Middlesex Water in a report on Friday, April 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Middlesex Water has a consensus rating of “Hold” and a consensus price target of $58.
50. View Our Latest Stock Report on Middlesex Water Insider Activity at Middlesex Water In related news, Director Dennis W. Doll sold 4,067 shares of the firm’s stock in a transaction dated Friday, March 21st.
The stock was sold at an average price of $60.05, for a total value of $244,223.35.
Following the transaction, the director now owns 52,112 shares in the company, valued at $3,129,325.60. This trade represents a 7.
24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . 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. Read More Receive News & Ratings for Middlesex Water Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Middlesex Water and related companies with MarketBeat.com's FREE daily email newsletter .
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