WINTON GROUP Ltd Acquires New Shares in Middlesex Water (NASDAQ:MSEX)

WINTON GROUP Ltd acquired a new position in shares of Middlesex Water (NASDAQ:MSEX - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 19,471 shares of the utilities provider's stock, valued at approximately $1,025,000. WINTON GROUP Ltd owned about 0.11% of Middlesex Water at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp grew its holdings in shares of Middlesex Water by 7.0% during the 3rd quarter. State Street Corp now owns 813,455 shares of the utilities provider's stock worth $53,070,000 after purchasing an additional 53,098 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Middlesex Water by 0.8% during the third quarter. Geode Capital Management LLC now owns 434,559 shares of the utilities provider's stock worth $28,356,000 after purchasing an additional 3,430 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Middlesex Water by 3.4% in the 4th quarter. Bank of New York Mellon Corp now owns 214,913 shares of the utilities provider's stock valued at $11,311,000 after buying an additional 6,983 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Middlesex Water by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 172,472 shares of the utilities provider's stock worth $9,077,000 after acquiring an additional 5,191 shares during the last quarter. Finally, Amundi raised its stake in shares of Middlesex Water by 7.4% during the fourth quarter. Amundi now owns 128,526 shares of the utilities provider's stock valued at $6,470,000 after acquiring an additional 8,848 shares during the last quarter. Institutional investors and hedge funds own 79.52% of the company's stock.

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Wall Street Analyst Weigh In

Several research analysts recently issued reports on MSEX shares. Baird R W raised Middlesex Water from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 3rd. Robert W. Baird upgraded 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 shares of Middlesex Water from a "sell" rating to a "hold" rating in a research note on Saturday, March 29th. Finally, Bank of America started coverage on shares of Middlesex Water in a research report on Wednesday, December 11th. They set an "underperform" rating and a $56.00 price target on the stock.

Middlesex Water Stock Up 4.2 %

NASDAQ:MSEX traded up $2.68 during trading hours on Thursday, reaching $66.55. The company had a trading volume of 47,358 shares, compared to its average volume of 129,486. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 28.93, a P/E/G ratio of 1.50 and a beta of 0.79. The business's 50-day simple moving average is $55.67 and its two-hundred day simple moving average is $59.11. The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 0.80. Middlesex Water has a twelve month low of $45.42 and a twelve month high of $70.73.

Middlesex Water (NASDAQ:MSEX - Get Free Report) last released its earnings results on Friday, February 28th. The utilities provider reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.13. The firm had revenue of $47.11 million during the quarter, compared to the consensus estimate of $45.00 million. Middlesex Water had a net margin of 22.53% and a return on equity of 9.58%. During the same period in the prior year, the firm earned $0.32 EPS. On average, equities analysts expect that Middlesex Water will post 2.34 earnings per share for the current year.

Middlesex Water Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a $0.34 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.36 annualized dividend and a dividend yield of 2.04%. Middlesex Water's payout ratio is presently 55.06%.

Insider Activity

In other Middlesex Water news, Director Dennis W. Doll sold 4,067 shares of the company's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $60.05, for a total transaction of $244,223.35. Following the sale, the director now directly owns 52,112 shares of the company's stock, valued at $3,129,325.60. This represents a 7.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.86% of the company's stock.

Middlesex Water Profile

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.