SG Americas Securities LLC Has $518,000 Position in Middlesex Water Company $MSEX

SG Americas Securities LLC cut its position in Middlesex Water Company (NASDAQ:MSEX) by 61.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,282 shares of the utilities provider’s stock after selling 16,218 shares during the period. SG Americas Securities LLC owned about 0.06% of Middlesex Water worth $518,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its holdings in Middlesex Water by 35.8% in the third quarter. Nisa Investment Advisors LLC now owns 645 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 170 shares during the period. Amalgamated Bank raised its holdings in Middlesex Water by 3.5% in the third quarter. Amalgamated Bank now owns 5,257 shares of the utilities provider’s stock worth $285,000 after purchasing an additional 179 shares during the period. Raymond James Financial Inc. raised its holdings in Middlesex Water by 1.8% in the second quarter. Raymond James Financial Inc. now owns 10,691 shares of the utilities provider’s stock worth $579,000 after purchasing an additional 193 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Middlesex Water by 3.3% in the second quarter. The Manufacturers Life Insurance Company now owns 6,602 shares of the utilities provider’s stock worth $358,000 after purchasing an additional 208 shares during the period. Finally, Parcion Private Wealth LLC raised its holdings in Middlesex Water by 3.7% in the third quarter. Parcion Private Wealth LLC now owns 8,311 shares of the utilities provider’s stock worth $450,000 after purchasing an additional 296 shares during the period. 79.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Middlesex Water in a report on Thursday, January 22nd. Loop Capital set a $55.00 price objective on shares of Middlesex Water in a report on Wednesday, February 25th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Middlesex Water currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.00.

Insiders Place Their Bets

In other Middlesex Water news, Director Robert N. Hoglund bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The stock was acquired at an average price of $54.31 per share, with a total value of $108,620.00. Following the completion of the transaction, the director owned 2,000 shares in the company, valued at approximately $108,620. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.86% of the company’s stock.

Middlesex Water Stock Performance

Shares of NASDAQ:MSEX opened at $55.85 on Monday. Middlesex Water Company has a 12 month low of $44.17 and a 12 month high of $63.97. 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’s fifty day simple moving average is $53.02 and its 200 day simple moving average is $53.24. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 2.61 and a beta of 0.86.

Middlesex Water (NASDAQ:MSEX) last issued its quarterly earnings data on Thursday, February 19th. The utilities provider reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). Middlesex Water had a return on equity of 9.09% and a net margin of 21.99%.The company had revenue of $46.98 million for the quarter, compared to analyst estimates of $46.91 million. As a group, research analysts forecast that Middlesex Water Company will post 2.34 EPS for the current fiscal year.

Middlesex Water Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were given a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $1.44 dividend on an annualized basis and a yield of 2.6%. Middlesex Water’s dividend payout ratio (DPR) is 61.02%.

About Middlesex Water

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.