Middlesex Water Co. (NASDAQ:MSEX) traded down 2.6% during mid-day trading on Wednesday . The company traded as low as $39.13 and last traded at $39.90, with a volume of 66,612 shares changing hands. The stock had previously closed at $40.97.

The company has a market capitalization of $643.96 million and a P/E ratio of 30.69. The stock’s 50 day moving average price is $41.22 and its 200-day moving average price is $34.74.

Middlesex Water (NASDAQ:MSEX) last released its earnings results on Tuesday, August 2nd. The company reported $0.36 earnings per share for the quarter. The company earned $32.70 million during the quarter, compared to the consensus estimate of $31.60 million. Analysts anticipate that Middlesex Water Co. will post $1.30 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Friday, August 12th will be given a $0.1988 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Wednesday, August 10th.

A hedge fund recently raised its stake in Middlesex Water stock. KBC Group NV increased its stake in Middlesex Water Co. (NASDAQ:MSEX) by 105.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,104 shares of the company’s stock after buying an additional 21,589 shares during the period. KBC Group NV owned about 0.26% of Middlesex Water worth $1,117,000 at the end of the most recent 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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