First Trust Advisors LP Buys 12,015 Shares of Middlesex Water Co. (MSEX)
First Trust Advisors LP increased its stake in Middlesex Water Co. (NASDAQ:MSEX) by 134.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,926 shares of the company’s stock after buying an additional 12,015 shares during the period. First Trust Advisors LP owned 0.13% of Middlesex Water worth $908,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mcrae Capital Management Inc. bought a new position in Middlesex Water during the second quarter valued at approximately $234,000. Bank of Montreal Can acquired a new position in shares of Middlesex Water during the second quarter valued at about $257,000. Commonwealth Equity Services Inc acquired a new position in shares of Middlesex Water during the second quarter valued at about $264,000. Strs Ohio raised its position in shares of 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 period. Finally, Aperio Group LLC acquired a new position in shares of Middlesex Water during the first quarter valued at about $438,000. Institutional investors own 43.91% of the company’s stock.
Shares of Middlesex Water Co. (NASDAQ:MSEX) traded down 0.6581% on Friday, hitting $33.2994. The company’s stock had a trading volume of 16,642 shares. The firm has a market cap of $542.11 million, a price-to-earnings ratio of 24.8503 and a beta of 0.47. Middlesex Water Co. has a one year low of $24.01 and a one year high of $44.11. The stock has a 50-day moving average price of $34.81 and a 200 day moving average price of $36.90.
Middlesex Water (NASDAQ:MSEX) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.36 earnings per share for the quarter. Middlesex Water had a net margin of 17.08% and a return on equity of 10.58%. The business had revenue of $32.70 million for the quarter, compared to analyst estimates of $31.60 million. Equities research analysts predict that Middlesex Water Co. will post $1.30 EPS for the current year.
Middlesex Water Company Profile
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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