Middlesex Water (NASDAQ:MSEX) Shares Purchased by Allworth Financial LP

Allworth Financial LP increased its stake in shares of Middlesex Water (NASDAQ:MSEX) by 1,136.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 544 shares of the utilities provider’s stock after purchasing an additional 500 shares during the quarter. Allworth Financial LP’s holdings in Middlesex Water were worth $27,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MSEX. Creative Financial Designs Inc. ADV lifted its holdings in Middlesex Water by 5.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 4,236 shares of the utilities provider’s stock worth $276,000 after buying an additional 201 shares during the last quarter. FMR LLC lifted its holdings in Middlesex Water by 9.7% during the 3rd quarter. FMR LLC now owns 7,018 shares of the utilities provider’s stock worth $458,000 after buying an additional 618 shares during the last quarter. Inspire Investing LLC lifted its holdings in Middlesex Water by 20.8% during the 4th quarter. Inspire Investing LLC now owns 7,633 shares of the utilities provider’s stock worth $402,000 after buying an additional 1,315 shares during the last quarter. Cerity Partners LLC lifted its holdings in Middlesex Water by 13.6% during the 3rd quarter. Cerity Partners LLC now owns 20,245 shares of the utilities provider’s stock worth $1,321,000 after buying an additional 2,429 shares during the last quarter. Finally, Crestwood Advisors Group LLC purchased a new stake in Middlesex Water during the 3rd quarter worth about $210,000. 79.52% of the stock is owned by institutional investors and hedge funds.

Middlesex Water Stock Down 1.6 %

Middlesex Water stock opened at $51.80 on Thursday. Middlesex Water has a fifty-two week low of $45.42 and a fifty-two week high of $70.73. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.57 and a current ratio of 0.65. The company has a market capitalization of $924.89 million, a P/E ratio of 22.52, a PEG ratio of 1.50 and a beta of 0.85. The stock has a 50-day simple moving average of $51.17 and a 200-day simple moving average of $59.36.

Middlesex Water Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend is Tuesday, February 18th. Middlesex Water’s dividend payout ratio is presently 59.13%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Robert W. Baird lifted their price target on Middlesex Water from $58.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Bank of America began coverage on Middlesex Water in a report on Wednesday, December 11th. They issued an “underperform” rating and a $56.00 target price for the company.

Middlesex Water Company Profile

Middlesex Water Company owns and operates regulated water utility and wastewater systems. It operates in Regulated and Non-Regulated segments. The Regulated segment collects, treats, and distributes water on a retail and wholesale basis to residential, commercial, industrial, and fire protection customers, as well as provides regulated wastewater systems in New Jersey and Delaware.