TSP Capital Management Group LLC Boosts Holdings in Middlesex Water Company $MSEX

TSP Capital Management Group LLC lifted its position in shares of Middlesex Water Company (NASDAQ:MSEX) by 11.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 210,332 shares of the utilities provider’s stock after buying an additional 22,254 shares during the period. Middlesex Water makes up approximately 2.7% of TSP Capital Management Group LLC’s portfolio, making the stock its 16th largest position. TSP Capital Management Group LLC’s holdings in Middlesex Water were worth $10,948,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Ensign Peak Advisors Inc purchased a new position in Middlesex Water in the fourth quarter worth approximately $126,000. International Assets Investment Management LLC purchased a new stake in Middlesex Water in the fourth quarter valued at $128,000. Quantessence Capital LLC acquired a new position in shares of Middlesex Water in the 3rd quarter valued at $221,000. Oregon Public Employees Retirement Fund lifted its stake in shares of Middlesex Water by 5.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,214 shares of the utilities provider’s stock valued at $212,000 after purchasing an additional 200 shares during the last quarter. Finally, Creative Planning grew its holdings in shares of Middlesex Water by 47.1% during the 2nd quarter. Creative Planning now owns 4,795 shares of the utilities provider’s stock worth $260,000 after purchasing an additional 1,535 shares during the period. Hedge funds and other institutional investors own 79.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MSEX. Wall Street Zen raised Middlesex Water from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded shares of Middlesex Water from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 25th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $56.67.

Middlesex Water Trading Up 0.7%

MSEX opened at $56.57 on Thursday. Middlesex Water Company has a 52 week low of $44.17 and a 52 week high of $62.17. The business has a fifty day simple moving average of $52.64 and a 200-day simple moving average of $52.63. The firm has a market cap of $1.05 billion, a P/E ratio of 23.57 and a beta of 0.77. The company has a quick ratio of 0.32, a current ratio of 0.39 and a debt-to-equity ratio of 0.74.

Middlesex Water (NASDAQ:MSEX) last posted its quarterly earnings data on Thursday, April 30th. The utilities provider reported $0.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.57. Middlesex Water had a return on equity of 9.08% and a net margin of 22.07%.The firm had revenue of $48.71 million for the quarter, compared to the consensus estimate of $49.75 million.

Middlesex Water Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Friday, May 15th. Middlesex Water’s payout ratio is currently 60.00%.

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.