Middlesex Water (NASDAQ:MSEX) Position Reduced by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its stake in shares of Middlesex Water (NASDAQ:MSEX – Get Rating) by 0.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 454,381 shares of the utilities provider’s stock after selling 275 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Middlesex Water were worth $35,078,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. UBS Group AG boosted its stake in Middlesex Water by 3.5% during the 3rd quarter. UBS Group AG now owns 36,834 shares of the utilities provider’s stock valued at $2,844,000 after acquiring an additional 1,239 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in Middlesex Water by 18.8% during the 3rd quarter. Mutual of America Capital Management LLC now owns 3,504 shares of the utilities provider’s stock valued at $271,000 after acquiring an additional 555 shares during the last quarter. Virtu Financial LLC bought a new position in Middlesex Water during the 3rd quarter valued at $212,000. Russell Investments Group Ltd. bought a new position in Middlesex Water during the 3rd quarter valued at $408,000. Finally, Barclays PLC boosted its stake in Middlesex Water by 16.5% during the 3rd quarter. Barclays PLC now owns 8,112 shares of the utilities provider’s stock valued at $626,000 after acquiring an additional 1,149 shares during the last quarter. 67.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Robert W. Baird reduced their price target on shares of Middlesex Water from $97.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday. StockNews.com downgraded shares of Middlesex Water from a “hold” rating to a “sell” rating in a research report on Monday.

Middlesex Water Trading Up 0.1 %

Shares of NASDAQ:MSEX opened at $76.76 on Friday. The company has a market cap of $1.35 billion, a PE ratio of 32.25 and a beta of 0.75. The company’s 50-day moving average price is $83.18 and its 200 day moving average price is $86.11. Middlesex Water has a fifty-two week low of $74.20 and a fifty-two week high of $109.51. The company has a quick ratio of 0.38, a current ratio of 0.32 and a debt-to-equity ratio of 0.73.

Middlesex Water Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Tuesday, February 14th were given a $0.313 dividend. The ex-dividend date was Monday, February 13th. This represents a $1.25 annualized dividend and a yield of 1.63%. Middlesex Water’s dividend payout ratio is presently 52.52%.

Middlesex Water Company Profile

(Get Rating)

Middlesex Water Co owns and operates regulated water utility and wastewater systems. The firm’s services include water production, treatment, & distribution, full service municipal contract operations, wastewater collection and treatment. It operates through two segments: Regulated and Non-Regulated.