Middlesex Water Co. (NASDAQ:MSEX) VP A Bruce Oconnor sold 1,350 shares of the business’s stock in a transaction dated Monday, October 17th. The stock was sold at an average price of $33.88, for a total value of $45,738.00. Following the completion of the transaction, the vice president now owns 16,756 shares in the company, valued at approximately $567,693.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Middlesex Water Co. (NASDAQ:MSEX) traded down 0.44% on Monday, hitting $33.69. The company had a trading volume of 51,638 shares. The stock has a market cap of $548.47 million, a P/E ratio of 25.14 and a beta of 0.47. Middlesex Water Co. has a 12-month low of $24.01 and a 12-month high of $44.11. The firm’s 50 day moving average price is $34.42 and its 200 day moving average price is $37.10.
Middlesex Water (NASDAQ:MSEX) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.36 earnings per share (EPS) for the quarter. Middlesex Water had a net margin of 17.08% and a return on equity of 10.58%. The company had revenue of $32.70 million for the quarter, compared to the consensus estimate of $31.60 million. Equities analysts predict that Middlesex Water Co. will post $1.30 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of MSEX. Impax Asset Management LTD bought a new position in Middlesex Water during the second quarter valued at about $8,395,000. Strs Ohio increased its position in Middlesex Water by 8.2% in the second quarter. Strs Ohio now owns 6,600 shares of the company’s stock valued at $286,000 after buying an additional 500 shares during the last quarter. Aperio Group LLC bought a new position in Middlesex Water during the first quarter valued at about $438,000. KBC Group NV increased its position in Middlesex Water by 98.8% in the second quarter. KBC Group NV now owns 83,708 shares of the company’s stock valued at $3,631,000 after buying an additional 41,604 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in Middlesex Water by 1.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 16,953 shares of the company’s stock valued at $735,000 after buying an additional 241 shares during the last quarter. Institutional investors own 43.91% of the company’s stock.
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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