California Public Employees Retirement System lowered its stake in shares of Middlesex Water (NASDAQ:MSEX) by 1.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 121,300 shares of the utilities provider’s stock after selling 1,300 shares during the quarter. California Public Employees Retirement System owned 0.74% of Middlesex Water worth $4,763,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. grew its stake in shares of Middlesex Water by 15.2% during the second quarter. Russell Investments Group Ltd. now owns 7,313 shares of the utilities provider’s stock worth $290,000 after purchasing an additional 965 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Middlesex Water by 0.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 74,346 shares of the utilities provider’s stock worth $2,945,000 after purchasing an additional 655 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Middlesex Water by 4.6% during the second quarter. Bank of New York Mellon Corp now owns 194,185 shares of the utilities provider’s stock worth $7,690,000 after purchasing an additional 8,566 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Middlesex Water by 4.1% during the second quarter. Legal & General Group Plc now owns 4,101 shares of the utilities provider’s stock worth $162,000 after purchasing an additional 161 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Middlesex Water by 8.1% during the second quarter. Victory Capital Management Inc. now owns 15,773 shares of the utilities provider’s stock worth $625,000 after purchasing an additional 1,177 shares in the last quarter. 50.28% of the stock is currently owned by institutional investors and hedge funds.

Middlesex Water (MSEX) opened at $39.18 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.51. Middlesex Water has a 12 month low of $32.23 and a 12 month high of $46.74. The company has a market cap of $615.76, a price-to-earnings ratio of 31.34 and a beta of 0.45.

In other Middlesex Water news, VP Bernadette M. Sohler sold 1,000 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $45.19, for a total value of $45,190.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP A Bruce Oconnor sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $43.83, for a total transaction of $175,320.00. Following the completion of the transaction, the vice president now owns 16,803 shares of the company’s stock, valued at approximately $736,475.49. The disclosure for this sale can be found here. Corporate insiders own 3.48% of the company’s stock.

A number of brokerages recently commented on MSEX. BidaskClub downgraded shares of Middlesex Water from a “sell” rating to a “strong sell” rating in a research note on Saturday. Zacks Investment Research downgraded shares of Middlesex Water from a “hold” rating to a “sell” rating in a research note on Thursday, September 14th. Finally, Janney Montgomery Scott reiterated a “buy” rating and set a $44.00 target price on shares of Middlesex Water in a research note on Wednesday, October 4th.

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Middlesex Water Profile

Middlesex Water Company is a water utility company. The Company owns and operates regulated water utility and wastewater systems in New Jersey, Delaware and Pennsylvania. The Company also operates water and wastewater systems under contract on behalf of municipal and private clients in New Jersey and Delaware.

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Institutional Ownership by Quarter for Middlesex Water (NASDAQ:MSEX)

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