Dimensional Fund Advisors LP increased its stake in Middlesex Water Company (NASDAQ:MSEX) by 3.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 566,765 shares of the utilities provider’s stock after purchasing an additional 19,114 shares during the period. Dimensional Fund Advisors LP owned approximately 3.47% of Middlesex Water worth $22,444,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Middlesex Water by 19.6% in the first quarter. Vanguard Group Inc. now owns 923,000 shares of the utilities provider’s stock worth $34,105,000 after purchasing an additional 150,958 shares during the period. Renaissance Technologies LLC increased its position in shares of Middlesex Water by 6.5% in the second quarter. Renaissance Technologies LLC now owns 528,400 shares of the utilities provider’s stock worth $20,925,000 after purchasing an additional 32,400 shares during the period. First Manhattan Co. increased its position in shares of Middlesex Water by 5.2% in the second quarter. First Manhattan Co. now owns 338,897 shares of the utilities provider’s stock worth $13,420,000 after purchasing an additional 16,800 shares during the period. Northern Trust Corp increased its position in shares of Middlesex Water by 1.9% in the second quarter. Northern Trust Corp now owns 229,701 shares of the utilities provider’s stock worth $9,097,000 after purchasing an additional 4,209 shares during the period. Finally, ProShare Advisors LLC increased its position in shares of Middlesex Water by 26.2% in the second quarter. ProShare Advisors LLC now owns 203,745 shares of the utilities provider’s stock worth $8,068,000 after purchasing an additional 42,346 shares during the period. Institutional investors own 48.92% of the company’s stock.

MSEX has been the topic of a number of recent analyst reports. Zacks Investment Research cut Middlesex Water from a “hold” rating to a “sell” rating in a research report on Wednesday, September 27th. Janney Montgomery Scott restated a “buy” rating and issued a $44.00 price target on shares of Middlesex Water in a research report on Wednesday, October 4th. BidaskClub cut Middlesex Water from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Finally, ValuEngine upgraded Middlesex Water from a “sell” rating to a “hold” rating in a research report on Friday, August 4th.

In other Middlesex Water news, President Gerard L. Esposito sold 1,700 shares of Middlesex Water stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $42.89, for a total value of $72,913.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.48% of the company’s stock.

Middlesex Water Company (NASDAQ MSEX) opened at $43.47 on Tuesday. Middlesex Water Company has a 12-month low of $32.23 and a 12-month high of $46.39. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.43. The stock has a market capitalization of $703.70, a PE ratio of 34.44 and a beta of 0.43.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Thursday, November 9th will be given a $0.2238 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Wednesday, November 8th. This is a boost from Middlesex Water’s previous quarterly dividend of $0.21. Middlesex Water’s payout ratio is currently 68.00%.

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Middlesex Water Company 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.

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

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