20,876 Shares in Middlesex Water Company $MSEX Bought by Deutsche Bank AG

Deutsche Bank AG acquired a new position in shares of Middlesex Water Company (NASDAQ:MSEX - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,876 shares of the utilities provider's stock, valued at approximately $1,172,000. Deutsche Bank AG owned about 0.11% of Middlesex Water at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in MSEX. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Middlesex Water during the second quarter worth approximately $27,000. Parallel Advisors LLC grew its holdings in Middlesex Water by 68.6% during the 1st quarter. Parallel Advisors LLC now owns 521 shares of the utilities provider's stock worth $27,000 after acquiring an additional 212 shares during the last quarter. Western Wealth Management LLC bought a new stake in Middlesex Water in the first quarter valued at approximately $33,000. Versant Capital Management Inc increased its holdings in Middlesex Water by 328.9% in the second quarter. Versant Capital Management Inc now owns 682 shares of the utilities provider's stock worth $38,000 after purchasing an additional 523 shares in the last quarter. Finally, KBC Group NV acquired a new position in shares of Middlesex Water during the first quarter worth approximately $45,000. Institutional investors and hedge funds own 79.52% of the company's stock.

Middlesex Water Stock Performance

Shares of MSEX stock opened at $58.49 on Monday. The business has a fifty day moving average of $56.81 and a 200 day moving average of $54.13. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 22.58 and a beta of 0.75. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.50 and a quick ratio of 0.41. Middlesex Water Company has a 1 year low of $44.17 and a 1 year high of $62.17.

Middlesex Water (NASDAQ:MSEX - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.66 by $0.13. Middlesex Water had a return on equity of 9.59% and a net margin of 23.26%.The firm had revenue of $56.36 million during the quarter, compared to analysts' expectations of $54.51 million.

Middlesex Water Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, August 17th. Middlesex Water's payout ratio is currently 55.60%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Wall Street Zen raised Middlesex Water from a "sell" rating to a "hold" rating in a report on Saturday, May 9th. New Street Research set a $64.00 price objective on shares of Middlesex Water in a report on Thursday, July 9th. Weiss Ratings upgraded shares of Middlesex Water from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 4th. Finally, Robert W. Baird set a $66.00 price objective on shares of Middlesex Water in a research note on Friday, July 31st. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Middlesex Water has an average rating of "Moderate Buy" and an average target price of $61.67.

Insiders Place Their Bets

In other news, VP Lorrie Beth Ginegaw sold 615 shares of the firm's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $57.61, for a total value of $35,430.15. Following the transaction, the vice president directly owned 3,978 shares in the company, valued at approximately $229,172.58. This trade represents a 13.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.92% of the company's stock.

Middlesex Water Company 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.

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