TSP Capital Management Group LLC Increases Stake in Middlesex Water Company $MSEX

TSP Capital Management Group LLC grew its position in Middlesex Water Company (NASDAQ:MSEX) by 57.8% during the 4th quarter, HoldingsChannel reports. The fund owned 188,078 shares of the utilities provider’s stock after purchasing an additional 68,854 shares during the period. Middlesex Water comprises about 2.3% of TSP Capital Management Group LLC’s investment portfolio, making the stock its 18th largest holding. TSP Capital Management Group LLC’s holdings in Middlesex Water were worth $9,483,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc raised its stake in shares of Middlesex Water by 483.5% in the third quarter. Versant Capital Management Inc now owns 566 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 469 shares during the period. Hantz Financial Services Inc. raised its stake in shares of Middlesex Water by 137.8% in the third quarter. Hantz Financial Services Inc. now owns 635 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 368 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Middlesex Water by 35.8% in the third quarter. Nisa Investment Advisors LLC now owns 645 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 170 shares during the period. CWM LLC increased its stake in Middlesex Water by 124.2% in the 3rd quarter. CWM LLC now owns 3,906 shares of the utilities provider’s stock worth $211,000 after buying an additional 2,164 shares during the period. Finally, Quantessence Capital LLC purchased a new position in Middlesex Water in the 3rd quarter worth about $221,000. Hedge funds and other institutional investors own 79.52% of the company’s stock.

Insider Activity at Middlesex Water

In related news, Director Robert N. Hoglund acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The stock was purchased at an average cost of $54.31 per share, with a total value of $108,620.00. Following the transaction, the director directly owned 2,000 shares of the company’s stock, valued at $108,620. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.86% of the stock is owned by insiders.

Middlesex Water Stock Performance

Shares of Middlesex Water stock opened at $53.15 on Wednesday. The firm has a market capitalization of $984.44 million, a P/E ratio of 22.52, a PEG ratio of 2.51 and a beta of 0.86. The company has a quick ratio of 0.36, a current ratio of 0.45 and a debt-to-equity ratio of 0.77. The company has a 50 day moving average price of $52.84 and a 200 day moving average price of $53.21. Middlesex Water Company has a 52 week low of $44.17 and a 52 week high of $63.97.

Middlesex Water (NASDAQ:MSEX) last announced its quarterly earnings data on Thursday, February 19th. The utilities provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.03). The company had revenue of $46.98 million during the quarter, compared to analysts’ expectations of $46.91 million. Middlesex Water had a net margin of 21.99% and a return on equity of 9.09%. Sell-side analysts expect that Middlesex Water Company will post 2.34 EPS for the current year.

Middlesex Water Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, February 17th. Middlesex Water’s dividend payout ratio (DPR) is presently 61.02%.

Analyst Ratings Changes

MSEX has been the topic of several recent analyst reports. Loop Capital set a $55.00 price target on shares of Middlesex Water in a research note on Wednesday, February 25th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Middlesex Water in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Middlesex Water presently has an average rating of “Moderate Buy” and an average price target of $59.00.

Middlesex Water Profile

Middlesex Water Company is a regulated utility specializing in the provision of potable water and wastewater collection services to residential, commercial and industrial customers. The company operates through its wholly owned subsidiaries, supplying treated water and effectively managing sewage collection systems under state and local regulatory frameworks. Its core mission centers on delivering safe, reliable water while complying with stringent environmental and public health standards.

Founded in 1897 and headquartered in Iselin, New Jersey, Middlesex Water has grown from a local water works enterprise into a multi‐state utilities group.