Shares of Middlesex Water Co. (NASDAQ:MSEX) traded down 2.6% during mid-day trading on Tuesday . The stock traded as low as $34.28 and last traded at $34.34, with a volume of 53,544 shares. The stock had previously closed at $35.26.

The company has a market cap of $559.06 million and a PE ratio of 25.63. The stock has a 50 day moving average of $38.86 and a 200-day moving average of $35.97.

Middlesex Water (NASDAQ:MSEX) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.36 earnings per share (EPS) for the quarter. The company had revenue of $32.70 million for the quarter, compared to analyst estimates of $31.60 million. Analysts expect that Middlesex Water Co. will post $1.30 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Friday, August 12th will be issued a dividend of $0.1988 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Wednesday, August 10th.

An institutional investor recently raised its position in Middlesex Water stock. Schwab Charles Investment Management Inc. raised its stake in Middlesex Water Co. (NASDAQ:MSEX) by 2.8% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 62,155 shares of the company’s stock after buying an additional 1,673 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.38% of Middlesex Water worth $1,650,000 as of its most recent SEC filing.

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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