Nuance Investments LLC increased its stake in shares of Middlesex Water (NASDAQ:MSEX) by 2.3% in the 4th quarter, Holdings Channel reports. The firm owned 89,002 shares of the utilities provider’s stock after buying an additional 2,012 shares during the quarter. Nuance Investments LLC’s holdings in Middlesex Water were worth $3,552,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Middlesex Water during the 4th quarter worth approximately $107,000. Teacher Retirement System of Texas acquired a new position in shares of Middlesex Water during the 4th quarter worth approximately $222,000. Creative Planning raised its position in shares of Middlesex Water by 23.1% during the 4th quarter. Creative Planning now owns 7,284 shares of the utilities provider’s stock worth $291,000 after purchasing an additional 1,369 shares during the last quarter. Voya Investment Management LLC raised its position in shares of Middlesex Water by 14.7% during the 2nd quarter. Voya Investment Management LLC now owns 8,397 shares of the utilities provider’s stock worth $333,000 after purchasing an additional 1,076 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in shares of Middlesex Water by 20.7% during the 4th quarter. Private Advisor Group LLC now owns 8,688 shares of the utilities provider’s stock worth $278,000 after purchasing an additional 1,488 shares during the last quarter. Hedge funds and other institutional investors own 49.97% of the company’s stock.

Middlesex Water (NASDAQ MSEX) opened at $37.23 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $605.29, a price-to-earnings ratio of 29.62 and a beta of 0.40. Middlesex Water has a twelve month low of $32.23 and a twelve month high of $46.74.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be issued a $0.2238 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.90 annualized dividend and a yield of 2.40%. Middlesex Water’s dividend payout ratio (DPR) is presently 71.20%.

Several research analysts have weighed in on the company. BidaskClub downgraded Middlesex Water from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Zacks Investment Research downgraded Middlesex Water from a “hold” rating to a “sell” rating in a report on Wednesday, January 24th.

In other Middlesex Water news, VP Bernadette M. Sohler sold 1,000 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $45.19, for a total value of $45,190.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.48% of the company’s stock.

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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.

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

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