Middlesex Water Company $MSEX Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in shares of Middlesex Water Company (NASDAQ:MSEX) by 178.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,664 shares of the utilities provider’s stock after buying an additional 18,382 shares during the period. SG Americas Securities LLC owned about 0.15% of Middlesex Water worth $1,492,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Ensign Peak Advisors Inc purchased a new stake in shares of Middlesex Water in the fourth quarter valued at approximately $126,000. International Assets Investment Management LLC purchased a new position in Middlesex Water in the fourth quarter worth $128,000. Oregon Public Employees Retirement Fund lifted its holdings in Middlesex Water by 5.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,214 shares of the utilities provider’s stock valued at $212,000 after acquiring an additional 200 shares during the period. Quantessence Capital LLC acquired a new stake in Middlesex Water in the third quarter valued at $221,000. Finally, Cullen Capital Management LLC lifted its holdings in Middlesex Water by 7.6% in the fourth quarter. Cullen Capital Management LLC now owns 5,053 shares of the utilities provider’s stock valued at $255,000 after acquiring an additional 358 shares during the period. 79.52% of the stock is owned by institutional investors and hedge funds.

Middlesex Water Stock Performance

MSEX opened at $57.55 on Friday. Middlesex Water Company has a 1-year low of $44.17 and a 1-year high of $62.17. The stock has a market cap of $1.07 billion, a P/E ratio of 23.98 and a beta of 0.78. The stock’s 50 day simple moving average is $52.81 and its 200 day simple moving average is $52.70. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.39 and a quick ratio of 0.32.

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

Middlesex Water Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have recently weighed in on MSEX. 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 upgraded shares of Middlesex Water from a “hold (c-)” rating to a “hold (c)” rating in a research note 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.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $56.67.

About Middlesex Water

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.