Nuance Investments LLC Invests $4.82 Million in Middlesex Water Company $MSEX

Nuance Investments LLC purchased a new position in shares of Middlesex Water Company (NASDAQ:MSEX) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 85,830 shares of the utilities provider’s stock, valued at approximately $4,820,000. Middlesex Water accounts for about 0.8% of Nuance Investments LLC’s portfolio, making the stock its 29th biggest holding. Nuance Investments LLC owned about 0.46% of Middlesex Water at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Middlesex Water during the second quarter valued at $27,000. Parallel Advisors LLC grew its holdings in Middlesex Water by 68.6% in the first quarter. Parallel Advisors LLC now owns 521 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 212 shares during the period. Western Wealth Management LLC acquired a new stake in Middlesex Water in the 1st quarter valued at $33,000. Versant Capital Management Inc grew its position in shares of Middlesex Water by 328.9% in the second quarter. Versant Capital Management Inc now owns 682 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 523 shares during the period. Finally, KBC Group NV acquired a new stake in Middlesex Water in the 1st quarter worth about $45,000. 79.52% of the stock is currently owned by institutional investors and hedge funds.

Middlesex Water Trading Down 1.2%

NASDAQ MSEX opened at $58.02 on Tuesday. The firm’s fifty day moving average price is $55.74 and its 200 day moving average price is $53.69. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.50 and a quick ratio of 0.41. Middlesex Water Company has a 12 month low of $44.17 and a 12 month high of $62.17. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 22.40 and a beta of 0.75.

Middlesex Water (NASDAQ:MSEX) last posted its earnings results on Thursday, July 30th. The utilities provider reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.13. Middlesex Water had a return on equity of 9.59% and a net margin of 23.26%.The business had revenue of $56.36 million during the quarter, compared to the consensus estimate of $54.51 million.

Middlesex Water Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be paid a $0.36 dividend. The ex-dividend date is Monday, August 17th. This represents a $1.44 dividend on an annualized basis and a yield of 2.5%. Middlesex Water’s payout ratio is currently 55.60%.

Insider Buying and Selling at Middlesex Water

In other Middlesex Water news, VP Lorrie Beth Ginegaw sold 615 shares of Middlesex Water stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $57.61, for a total value of $35,430.15. Following the transaction, the vice president directly owned 3,978 shares in the company, valued at approximately $229,172.58. This trade represents a 13.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.92% of the company’s stock.

Wall Street Analysts Forecast Growth

MSEX has been the subject of several research reports. New Street Research set a $64.00 price objective on shares of Middlesex Water in a research note on Thursday, July 9th. Wall Street Zen raised shares of Middlesex Water from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings raised Middlesex Water from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 4th. Finally, Robert W. Baird set a $66.00 price objective on shares of Middlesex Water in a report on Friday, July 31st. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $61.67.

Middlesex Water Profile

Middlesex Water Company is a regulated utility specializing in the provision of potable water and wastewater collection services to residential, commercial and industrial customers. The company operates through its wholly owned subsidiaries, supplying treated water and effectively managing sewage collection systems under state and local regulatory frameworks. Its core mission centers on delivering safe, reliable water while complying with stringent environmental and public health standards.

Founded in 1897 and headquartered in Iselin, New Jersey, Middlesex Water has grown from a local water works enterprise into a multi‐state utilities group.