13,627 Shares in Middlesex Water Company $MSEX Bought by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in Middlesex Water Company (NASDAQ:MSEX) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,627 shares of the utilities provider’s stock, valued at approximately $737,000. IQ EQ FUND MANAGEMENT IRELAND Ltd owned approximately 0.08% of Middlesex Water at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Invesco Ltd. boosted its position in shares of Middlesex Water by 7.9% in the 2nd quarter. Invesco Ltd. now owns 327,335 shares of the utilities provider’s stock valued at $17,735,000 after purchasing an additional 23,872 shares during the period. Legal & General Group Plc grew its position in shares of Middlesex Water by 11.8% during the second quarter. Legal & General Group Plc now owns 285,680 shares of the utilities provider’s stock worth $15,478,000 after acquiring an additional 30,086 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Middlesex Water by 2.0% during the second quarter. Bank of New York Mellon Corp now owns 193,550 shares of the utilities provider’s stock worth $10,487,000 after acquiring an additional 3,751 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Middlesex Water by 23.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 190,574 shares of the utilities provider’s stock valued at $12,216,000 after purchasing an additional 36,540 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Middlesex Water by 23.3% in the 3rd quarter. Principal Financial Group Inc. now owns 126,343 shares of the utilities provider’s stock valued at $6,838,000 after purchasing an additional 23,911 shares during the last quarter. Institutional investors and hedge funds own 79.52% of the company’s stock.

Middlesex Water Stock Down 2.3%

Shares of NASDAQ MSEX opened at $51.24 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.42 and a quick ratio of 0.36. The firm’s 50-day moving average is $52.04 and its two-hundred day moving average is $53.21. Middlesex Water Company has a 12-month low of $44.17 and a 12-month high of $67.09. The company has a market capitalization of $939.74 million, a PE ratio of 21.44, a price-to-earnings-growth ratio of 3.32 and a beta of 0.89.

Middlesex Water Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, February 17th. Middlesex Water’s payout ratio is currently 60.25%.

Analyst Ratings Changes

Several research analysts have issued reports on MSEX shares. New Street Research set a $52.00 price objective on shares of Middlesex Water in a research report on Friday, December 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Middlesex Water in a report on Thursday, January 22nd. Finally, Robert W. Baird dropped their target price on shares of Middlesex Water from $73.00 to $63.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $60.33.

Middlesex Water Company 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.