State Board of Administration of Florida Retirement System increased its position in shares of Middlesex Water Co. (NASDAQ:MSEX) by 1.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,953 shares of the company’s stock after buying an additional 241 shares during the period. State Board of Administration of Florida Retirement System owned 0.10% of Middlesex Water worth $735,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. California Public Employees Retirement System increased its position in shares of Middlesex Water by 0.6% in the second quarter. California Public Employees Retirement System now owns 158,100 shares of the company’s stock valued at $6,858,000 after buying an additional 900 shares in the last quarter. Emerald Acquisition Ltd. acquired a new position in shares of Middlesex Water during the second quarter valued at approximately $1,106,000. KBC Group NV increased its position in shares of 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 in the last quarter. Swiss National Bank increased its position in shares of Middlesex Water by 1.9% in the second quarter. Swiss National Bank now owns 26,962 shares of the company’s stock valued at $1,170,000 after buying an additional 500 shares in the last quarter. Finally, Mcrae Capital Management Inc. acquired a new position in shares of Middlesex Water during the second quarter valued at approximately $234,000. Hedge funds and other institutional investors own 43.91% of the company’s stock.
Shares of Middlesex Water Co. (NASDAQ:MSEX) traded down 0.08% on Friday, hitting $35.45. The stock had a trading volume of 33,583 shares. The company has a market capitalization of $577.13 million, a price-to-earnings ratio of 26.46 and a beta of 0.52. Middlesex Water Co. has a 52 week low of $23.63 and a 52 week high of $44.11. The company has a 50-day moving average of $35.17 and a 200 day moving average of $36.77.
Middlesex Water (NASDAQ:MSEX) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.36 earnings per share for the quarter. Middlesex Water had a return on equity of 10.58% and a net margin of 17.08%. The business had revenue of $32.70 million for the quarter, compared to the consensus estimate of $31.60 million. On average, equities research analysts predict that Middlesex Water Co. will post $1.30 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Friday, August 12th were paid a dividend of $0.1988 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date was Wednesday, August 10th. Middlesex Water’s dividend payout ratio (DPR) is currently 59.70%.
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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