Middlesex Water Co. (NASDAQ:MSEX) VP Bernadette M. Sohler sold 400 shares of the firm’s stock in a transaction that occurred on Friday, October 7th. The stock was sold at an average price of $33.29, for a total transaction of $13,316.00. Following the transaction, the vice president now owns 7,178 shares in the company, valued at $238,955.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Middlesex Water Co. (NASDAQ:MSEX) opened at 33.84 on Monday. The stock’s 50 day moving average is $34.46 and its 200-day moving average is $37.00. Middlesex Water Co. has a 12 month low of $24.01 and a 12 month high of $44.11. The stock has a market capitalization of $550.92 million, a price-to-earnings ratio of 25.25 and a beta of 0.47.
Middlesex Water (NASDAQ:MSEX) last issued its earnings results on Tuesday, August 2nd. The company reported $0.36 earnings per share (EPS) for the quarter. Middlesex Water had a return on equity of 10.58% and a net margin of 17.08%. The business earned $32.70 million during the quarter, compared to analysts’ expectations of $31.60 million. On average, equities research analysts expect that Middlesex Water Co. will post $1.30 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Middlesex Water by 4.4% in the second quarter. Vanguard Group Inc. now owns 729,880 shares of the company’s stock valued at $31,662,000 after buying an additional 30,749 shares during the period. Dimensional Fund Advisors LP raised its position in Middlesex Water by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 475,364 shares of the company’s stock valued at $20,621,000 after buying an additional 24,337 shares during the period. BlackRock Fund Advisors raised its position in Middlesex Water by 1.8% in the second quarter. BlackRock Fund Advisors now owns 420,554 shares of the company’s stock valued at $18,244,000 after buying an additional 7,547 shares during the period. State Street Corp raised its position in Middlesex Water by 2.4% in the second quarter. State Street Corp now owns 321,971 shares of the company’s stock valued at $13,964,000 after buying an additional 7,422 shares during the period. Finally, Impax Asset Management LTD bought a new position in Middlesex Water during the second quarter valued at approximately $8,395,000. 43.91% of the stock is currently owned by hedge funds and other institutional investors.
About Middlesex Water
Middlesex Water Company is a water utility company. The Company has two segments: regulated and non-regulated. The regulated business includes collecting, treating and distributing water on a retail and wholesale basis to residential, commercial, industrial and fire protection customers in parts of New Jersey, Delaware and Pennsylvania.
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