A Bruce Oconnor Sells 1,350 Shares of Middlesex Water Co. (MSEX) Stock
Middlesex Water Co. (NASDAQ:MSEX) VP A Bruce Oconnor sold 1,350 shares of the company’s stock in a transaction on Monday, October 17th. The stock was sold at an average price of $33.88, for a total transaction of $45,738.00. Following the transaction, the vice president now owns 16,756 shares of the company’s stock, valued at $567,693.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Middlesex Water Co. (NASDAQ:MSEX) opened at 33.79 on Wednesday. The firm’s 50-day moving average is $34.38 and its 200-day moving average is $37.12. Middlesex Water Co. has a 52-week low of $24.01 and a 52-week high of $44.11. The firm has a market capitalization of $550.10 million, a PE ratio of 25.22 and a beta of 0.47.
Middlesex Water (NASDAQ:MSEX) last released 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 business had revenue of $32.70 million for the quarter, compared to analyst estimates of $31.60 million. On average, analysts anticipate that Middlesex Water Co. will post $1.30 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in the company. Impax Asset Management LTD acquired a new stake in Middlesex Water during the second quarter valued at approximately $8,395,000. Strs Ohio raised its stake 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. Aperio Group LLC acquired a new stake in Middlesex Water during the first quarter valued at approximately $438,000. KBC Group NV raised its stake in Middlesex Water by 98.8% in the second quarter. KBC Group NV now owns 83,708 shares of the company’s stock valued at $3,631,000 after buying an additional 41,604 shares in the last quarter. Finally, Swiss National Bank raised its stake in Middlesex Water by 1.9% in the second quarter. Swiss National Bank now owns 26,962 shares of the company’s stock valued at $1,170,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 43.91% of the company’s stock.
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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