Middlesex Water Co. (MSEX) VP Bernadette M. Sohler Sells 400 Shares
Middlesex Water Co. (NASDAQ:MSEX) VP Bernadette M. Sohler sold 400 shares of the company’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 completion of the sale, the vice president now directly owns 7,178 shares of the company’s stock, valued at approximately $238,955.62. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Middlesex Water Co. (NASDAQ:MSEX) opened at 33.48 on Wednesday. The stock has a market cap of $545.05 million, a PE ratio of 24.99 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. The stock has a 50 day moving average of $34.61 and a 200 day moving average of $37.02.
Middlesex Water (NASDAQ:MSEX) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.36 earnings per share for the quarter. The firm had revenue of $32.70 million for the quarter, compared to the consensus estimate of $31.60 million. Middlesex Water had a net margin of 17.08% and a return on equity of 10.58%. On average, equities analysts anticipate that Middlesex Water Co. will post $1.30 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of MSEX. Nuveen Fund Advisors LLC acquired a new position in Middlesex Water during the second quarter valued at $226,000. Mcrae Capital Management Inc. acquired a new position in Middlesex Water during the second quarter valued at $234,000. Bank of Montreal Can acquired a new position in Middlesex Water during the second quarter valued at $257,000. Commonwealth Equity Services Inc acquired a new position in Middlesex Water during the second quarter valued at $264,000. Finally, Strs Ohio increased its position in Middlesex Water by 8.2% in the second quarter. Strs Ohio now owns 6,600 shares of the company’s stock valued at $286,000 after buying an additional 500 shares in the last quarter. 43.91% of the stock is currently owned by hedge funds and other institutional investors.
About Middlesex Water
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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