Middlesex Water Co. (NASDAQ:MSEX) VP Bernadette M. Sohler sold 400 shares of the firm’s stock in a transaction dated Friday, October 7th. The stock was sold at an average price of $33.29, for a total transaction of $13,316.00. Following the completion of the transaction, the vice president now directly owns 7,178 shares in the company, valued at $238,955.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Middlesex Water Co. (NASDAQ:MSEX) opened at 33.48 on Wednesday. The firm has a market capitalization of $545.05 million, a PE ratio of 24.99 and a beta of 0.47. Middlesex Water Co. has a 52-week low of $24.01 and a 52-week high of $44.11. The company’s 50-day moving average is $34.61 and its 200 day moving average is $37.02.
Middlesex Water (NASDAQ:MSEX) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.36 earnings per share (EPS) for the quarter. The company had revenue of $32.70 million for the quarter, compared to analysts’ expectations of $31.60 million. Middlesex Water had a net margin of 17.08% and a return on equity of 10.58%. Equities analysts expect that Middlesex Water Co. will post $1.30 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in MSEX. Impax Asset Management LTD purchased a new position in shares of Middlesex Water during the second quarter valued at about $8,395,000. Strs Ohio boosted its position in shares of Middlesex Water by 8.2% in the second quarter. Strs Ohio now owns 6,600 shares of the company’s stock valued at $286,000 after buying an additional 500 shares in the last quarter. Aperio Group LLC purchased a new position in shares of Middlesex Water during the first quarter valued at about $438,000. KBC Group NV boosted its position in shares of Middlesex Water by 98.8% in the second quarter. KBC Group NV now owns 83,708 shares of the company’s stock valued at $3,631,000 after buying an additional 41,604 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted 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 valued at $3,351,000 after buying an additional 42,076 shares in the last quarter. 43.91% of the stock is currently owned by institutional investors.
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