Middlesex Water (MSEX) Had Neutral Changed By Janney Capital

James Marshall
May 11, 2018

This is a positive change from Middlesex Water's previous quarterly dividend of $0.22. 57 active investment managers started new and increased holdings, while 35 reduced and sold stakes in Middlesex Water Co so the sentiment has improved. The firm had revenue of $31.46 million during the quarter, compared to analyst estimates of $34.00 million. equities research analysts expect that Middlesex Water will post 1.55 earnings per share for the current fiscal year. Funds holding Middlesex Water Co in top 10 was flat from 1 to 1 for the same number.

On 4/21/2017 NASDAQ:MSEX - Middlesex Water announced a quarterly dividend of $0.2113 2.15% with an ex dividend date of 5/10/2017 which will be payable on 6/1/2017.

The stock decreased 0.68% or $0.28 during the last trading session, reaching $41.08. About 7,590 shares traded.

Schwab Charles Investment Management Inc. increased its stake in shares of Middlesex Water by 6.6% in the 1st quarter. Its down 0.22, from 0.88 in 2017Q3. BlackRock Inc. increased its holdings in shares of Middlesex Water by 2.3% during the 4th quarter. 19 funds opened positions while 38 raised stakes.

Middlesex Water (NASDAQ:MSEX) last announced its earnings results on Friday, March 9th. Bessemer Grp reported 24,045 shares. Voya Invest Ltd owns 8,397 shares or 0% of their United States portfolio. Geode Cap Mgmt Llc holds 0% in Middlesex Water Company (NASDAQ:MSEX) or 161,925 shares. Finally, ValuEngine upgraded shares of Middlesex Water from a "sell" rating to a "hold" rating in a research report on Thursday, March 15th. Middlesex Water Co's shareholder Water Asset Management Llc owns 125,630 shares as of 2017 Q4. Belgium-based Kbc Gru Nv has invested 0.02% in Middlesex Water Company (NASDAQ:MSEX). Bancorp Of America Corporation De reported 14,446 shares or 0% of all its holdings. Profund Advsr Ltd Liability Co owns 110,397 shares for 0.29% of their portfolio. Insight 2811 reported 11,344 shares or 0.56% of all its holdings. The Georgia-based Invesco Ltd has invested 0% in Middlesex Water Company (NASDAQ:MSEX).

Middlesex Water Company registered $36,970 net activity with 0 buys and 1 insider sale since March 29, 2018. The shares were sold at an average price of $36.97, for a total value of $36,970.00. Middlesex Water's dividend payout ratio is presently 64.49%.

5/9/2018-Janney Montgomery Scott was Downgraded by analysts at Janney Montgomery Scott from a "Buy ➝ Neutral" rating to a " rating. Metropolitan Life Company has 5,354 shs.

Middlesex Water Company, through its subsidiaries, owns and operates regulated water utility and wastewater systems.The firm is worth $679.18 million. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term. It operates in two segments, Regulated and Non-Regulated. The Regulated segment collects, treats, and distributes water on a retail and wholesale basis to residential, commercial, industrial, and fire protection clients in parts of New Jersey, Delaware, and Pennsylvania.

Since January 22, 2018, it had 3 insider purchases, and 2 insider sales for $6.71 million activity. Cambridge Inv Research Advsrs holds 0% or 5,711 shares in its portfolio. Pacific Ridge Capital Partners Llc owns 333,686 shares or 1.01% of their U.S. portfolio. Moreover, Ejf Capital Llc has 0.81% invested in the company for 881,952 shares. Since May 8, 2017 MSEX has risen 0.28% and is uptrending. It has underperformed by 27.83% the S&P500.

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