Middlesex Water Co. (NASDAQ:MSEX) was down 3.7% during mid-day trading on Thursday . The stock traded as low as $41.38 and last traded at $41.42, with a volume of 59,426 shares traded. The stock had previously closed at $43.01.

The firm has a market capitalization of $679.52 million and a P/E ratio of 32.38. The stock has a 50 day moving average of $39.44 and a 200 day moving average of $32.86.

Middlesex Water (NASDAQ:MSEX) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported $0.29 earnings per share (EPS) for the quarter. The business earned $30.60 million during the quarter, compared to the consensus estimate of $28.80 million. Analysts predict that Middlesex Water Co. will post $1.30 EPS for the current fiscal year.

Several institutional investors have modified their holdings of MSEX. Chicago Equity Partners LLC raised its position in shares of Middlesex Water by 117.2% in the fourth quarter. Chicago Equity Partners LLC now owns 47,343 shares of the company’s stock valued at $1,256,000 after buying an additional 25,543 shares during the last quarter. WFG Advisors LP raised its position in shares of Middlesex Water by 3.0% in the fourth quarter. WFG Advisors LP now owns 121,576 shares of the company’s stock valued at $3,227,000 after buying an additional 3,571 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Middlesex Water by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 436,050 shares of the company’s stock valued at $11,573,000 after buying an additional 13,569 shares during the last quarter.

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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