Middlesex Water Company (NASDAQ:MSEX) Stake Increased by Financial Architects Inc

Financial Architects Inc raised its position in shares of Middlesex Water Company (NASDAQ:MSEX) by 3.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 16,481 shares of the utilities provider’s stock after buying an additional 568 shares during the period. Financial Architects Inc owned 0.10% of Middlesex Water worth $653,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Middlesex Water by 19.6% in the first quarter. Vanguard Group Inc. now owns 923,000 shares of the utilities provider’s stock worth $34,105,000 after buying an additional 150,958 shares during the period. Parametric Portfolio Associates LLC boosted its stake in Middlesex Water by 237.9% in the first quarter. Parametric Portfolio Associates LLC now owns 172,266 shares of the utilities provider’s stock worth $6,365,000 after buying an additional 121,279 shares during the period. Bank of New York Mellon Corp boosted its stake in Middlesex Water by 50.0% in the first quarter. Bank of New York Mellon Corp now owns 185,619 shares of the utilities provider’s stock worth $6,859,000 after buying an additional 61,885 shares during the period. Renaissance Technologies LLC boosted its stake in Middlesex Water by 9.0% in the first quarter. Renaissance Technologies LLC now owns 496,000 shares of the utilities provider’s stock worth $18,327,000 after buying an additional 40,800 shares during the period. Finally, Water Asset Management LLC boosted its stake in Middlesex Water by 41.8% in the first quarter. Water Asset Management LLC now owns 128,896 shares of the utilities provider’s stock worth $4,763,000 after buying an additional 38,000 shares during the period. Hedge funds and other institutional investors own 49.50% of the company’s stock.

Middlesex Water Company (MSEX) traded up 0.40% during midday trading on Friday, hitting $37.84. The stock had a trading volume of 40,820 shares. The stock has a 50 day moving average of $39.00 and a 200 day moving average of $37.48. The stock has a market cap of $618.19 million, a price-to-earnings ratio of 28.56 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.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be given a dividend of $0.2113 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.85 annualized dividend and a yield of 2.23%. Middlesex Water’s payout ratio is currently 63.91%.

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MSEX has been the topic of a number of analyst reports. ValuEngine upgraded Middlesex Water from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Zacks Investment Research cut Middlesex Water from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Finally, BidaskClub cut Middlesex Water from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th.

Middlesex Water Company Profile

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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