Middlesex Water Co. (NASDAQ:MSEX) VP Bernadette M. Sohler sold 400 shares of the firm’s stock in a transaction that occurred on Friday, October 7th. The stock was sold at an average price of $33.29, for a total transaction of $13,316.00. Following the sale, the vice president now directly owns 7,178 shares in the company, valued at approximately $238,955.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Middlesex Water Co. (NASDAQ:MSEX) opened at 34.01 on Friday. The firm’s 50-day moving average is $34.52 and its 200-day moving average is $36.98. The firm has a market cap of $553.68 million, a PE ratio of 25.38 and a beta of 0.47. Middlesex Water Co. has a 12-month low of $24.01 and a 12-month high of $44.11.
Middlesex Water (NASDAQ:MSEX) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.36 EPS for the quarter. Middlesex Water had a net margin of 17.08% and a return on equity of 10.58%. The company earned $32.70 million during the quarter, compared to the consensus estimate of $31.60 million. Equities analysts expect that Middlesex Water Co. will post $1.30 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nuveen Fund Advisors LLC bought a new position in Middlesex Water during the second quarter worth approximately $226,000. Mcrae Capital Management Inc. purchased a new stake in shares of Middlesex Water during the second quarter worth about $234,000. Bank of Montreal Can purchased a new stake in shares of Middlesex Water during the second quarter worth about $257,000. Commonwealth Equity Services Inc purchased a new stake in shares of Middlesex Water during the second quarter worth about $264,000. Finally, Strs Ohio boosted its stake in shares of Middlesex Water by 8.2% in the second quarter. Strs Ohio now owns 6,600 shares of the company’s stock worth $286,000 after buying an additional 500 shares during the last quarter. 43.91% of the stock is owned by institutional investors.
Middlesex Water Company Profile
Middlesex Water Company is a water utility company. The Company has two segments: regulated and non-regulated. The regulated business includes collecting, treating and distributing water on a retail and wholesale basis to residential, commercial, industrial and fire protection customers in parts of New Jersey, Delaware and Pennsylvania.
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