Morgan Stanley cut its holdings in Middlesex Water (NASDAQ:MSEX) by 11.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 207,886 shares of the utilities provider’s stock after selling 25,887 shares during the period. Morgan Stanley owned about 1.27% of Middlesex Water worth $10,066,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Man Group plc lifted its holdings in Middlesex Water by 118.0% in the 3rd quarter. Man Group plc now owns 18,845 shares of the utilities provider’s stock valued at $912,000 after purchasing an additional 10,199 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Middlesex Water by 7.0% in the 3rd quarter. AQR Capital Management LLC now owns 28,865 shares of the utilities provider’s stock valued at $1,398,000 after purchasing an additional 1,879 shares in the last quarter. BlackRock Inc. lifted its holdings in Middlesex Water by 0.6% in the 3rd quarter. BlackRock Inc. now owns 1,284,696 shares of the utilities provider’s stock valued at $62,204,000 after purchasing an additional 8,058 shares in the last quarter. MetLife Investment Advisors LLC lifted its holdings in Middlesex Water by 56.5% in the 3rd quarter. MetLife Investment Advisors LLC now owns 11,730 shares of the utilities provider’s stock valued at $568,000 after purchasing an additional 4,233 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Middlesex Water by 5.3% in the 3rd quarter. Alliancebernstein L.P. now owns 22,765 shares of the utilities provider’s stock valued at $1,102,000 after purchasing an additional 1,154 shares in the last quarter. Institutional investors and hedge funds own 53.87% of the company’s stock.

In other news, Director Walter G. Reinhard sold 500 shares of the company’s stock in a transaction dated Friday, January 25th. The shares were sold at an average price of $58.01, for a total transaction of $29,005.00. Following the completion of the transaction, the director now owns 81 shares of the company’s stock, valued at approximately $4,698.81. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.48% of the company’s stock.

NASDAQ MSEX opened at $55.53 on Friday. Middlesex Water has a 12 month low of $34.00 and a 12 month high of $60.31. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.37 and a quick ratio of 0.32. The stock has a market cap of $888.29 million, a PE ratio of 40.24 and a beta of 0.42.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 15th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Thursday, February 14th. Middlesex Water’s dividend payout ratio is currently 69.57%.

A number of research analysts have issued reports on the stock. BidaskClub lowered shares of Middlesex Water from a “buy” rating to a “hold” rating in a report on Friday. Zacks Investment Research lowered shares of Middlesex Water from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Janney Montgomery Scott downgraded shares of Middlesex Water from a “buy” rating to a “neutral” rating in a research note on Monday, December 17th. They noted that the move was a valuation call.

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Middlesex Water Profile

Middlesex Water Company, together with its subsidiaries, owns and operates regulated water utility and wastewater systems. It operates in two segments, Regulated and Non-Regulated. The Regulated segment engages in 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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Institutional Ownership by Quarter for Middlesex Water (NASDAQ:MSEX)

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