A Bruce Oconnor Sells 2,000 Shares of Middlesex Water Co. (MSEX) Stock
Middlesex Water Co. (NASDAQ:MSEX) VP A Bruce Oconnor sold 2,000 shares of the business’s stock in a transaction on Friday, November 11th. The shares were sold at an average price of $36.62, for a total transaction of $73,240.00. Following the completion of the sale, the vice president now directly owns 16,756 shares of the company’s stock, valued at $613,604.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
A Bruce Oconnor also recently made the following trade(s):
- On Monday, October 17th, A Bruce Oconnor sold 1,350 shares of Middlesex Water stock. The shares were sold at an average price of $33.88, for a total transaction of $45,738.00.
Shares of Middlesex Water Co. (NASDAQ:MSEX) opened at 39.11 on Wednesday. Middlesex Water Co. has a 12 month low of $24.18 and a 12 month high of $44.11. The stock has a market capitalization of $637.06 million, a PE ratio of 26.70 and a beta of 0.37. The company has a 50-day moving average of $34.98 and a 200-day moving average of $37.27.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 10th will be paid a $0.2113 dividend. This represents a $0.85 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Tuesday, November 8th. This is an increase from Middlesex Water’s previous quarterly dividend of $0.20. Middlesex Water’s dividend payout ratio (DPR) is currently 57.82%.
Institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC increased its position in shares of Middlesex Water by 78.6% in the second quarter. Janney Montgomery Scott LLC now owns 95,613 shares of the company’s stock worth $3,351,000 after buying an additional 42,076 shares in the last quarter. First Trust Advisors LP increased its position in shares of Middlesex Water by 134.8% in the second quarter. First Trust Advisors LP now owns 20,926 shares of the company’s stock worth $908,000 after buying an additional 12,015 shares in the last quarter. Commonwealth Equity Services Inc acquired a new position in shares of Middlesex Water during the second quarter worth approximately $264,000. State Board of Administration of Florida Retirement System increased its position in shares of Middlesex Water by 1.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 16,953 shares of the company’s stock worth $735,000 after buying an additional 241 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in shares of Middlesex Water by 0.6% in the second quarter. California Public Employees Retirement System now owns 158,100 shares of the company’s stock worth $6,858,000 after buying an additional 900 shares in the last quarter. 43.03% of the stock is currently owned by institutional investors and hedge funds.
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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