Middlesex Water Company (NASDAQ:MSEX) Shares Bought by Renaissance Technologies LLC
Renaissance Technologies LLC raised its position in shares of Middlesex Water Company (NASDAQ:MSEX) by 9.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 496,000 shares of the utilities provider’s stock after buying an additional 40,800 shares during the period. Renaissance Technologies LLC owned about 3.04% of Middlesex Water worth $18,327,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in Middlesex Water by 19.6% in the first quarter. Vanguard Group Inc. now owns 923,000 shares of the utilities provider’s stock worth $34,105,000 after buying an additional 150,958 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in Middlesex Water by 237.9% in the first quarter. Parametric Portfolio Associates LLC now owns 172,266 shares of the utilities provider’s stock worth $6,365,000 after buying an additional 121,279 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Middlesex Water by 50.0% in the first quarter. Bank of New York Mellon Corp now owns 185,619 shares of the utilities provider’s stock worth $6,859,000 after buying an additional 61,885 shares in the last quarter. ProShare Advisors LLC increased its stake in Middlesex Water by 17.5% in the first quarter. ProShare Advisors LLC now owns 161,399 shares of the utilities provider’s stock worth $5,964,000 after buying an additional 24,062 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Middlesex Water by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 547,651 shares of the utilities provider’s stock worth $20,235,000 after buying an additional 18,476 shares in the last quarter. Institutional investors own 49.05% of the company’s stock.
Middlesex Water Company (MSEX) traded down 2.87% during midday trading on Thursday, reaching $38.60. The company’s stock had a trading volume of 41,627 shares. The company has a 50 day moving average price of $39.59 and a 200 day moving average price of $37.47. Middlesex Water Company has a 1-year low of $32.23 and a 1-year high of $44.48. The firm has a market cap of $630.65 million, a price-to-earnings ratio of 29.24 and a beta of 0.40.
Middlesex Water (NASDAQ:MSEX) last released its quarterly earnings data on Tuesday, August 1st. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by $0.05. Middlesex Water had a net margin of 16.46% and a return on equity of 9.99%. The business had revenue of $33.01 million during the quarter, compared to analyst estimates of $34 million. On average, equities research analysts expect that Middlesex Water Company will post $1.54 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be paid a $0.2113 dividend. This represents a $0.85 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Wednesday, August 9th. Middlesex Water’s payout ratio is presently 63.91%.
About Middlesex Water
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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