Ameriprise Financial Inc. increased its stake in shares of Middlesex Water Company (NASDAQ:MSEX) by 1.2% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 10,852 shares of the utilities provider’s stock after buying an additional 130 shares during the period. Ameriprise Financial Inc. owned 0.07% of Middlesex Water worth $401,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of MSEX. Karp Capital Management Corp acquired a new stake in shares of Middlesex Water during the first quarter worth $542,000. Bank of New York Mellon Corp boosted its stake in shares of Middlesex Water by 50.0% in the first quarter. Bank of New York Mellon Corp now owns 185,619 shares of the utilities provider’s stock worth $6,859,000 after buying an additional 61,885 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of Middlesex Water by 52.8% in the first quarter. Wedge Capital Management L L P NC now owns 21,996 shares of the utilities provider’s stock worth $813,000 after buying an additional 7,596 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Middlesex Water by 4.9% in the first quarter. Wells Fargo & Company MN now owns 23,651 shares of the utilities provider’s stock worth $874,000 after buying an additional 1,096 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Middlesex Water during the first quarter worth $334,000. Institutional investors and hedge funds own 49.05% of the company’s stock.
Shares of Middlesex Water Company (NASDAQ:MSEX) opened at 40.08 on Wednesday. The company’s 50-day moving average is $39.59 and its 200-day moving average is $37.47. The company has a market capitalization of $653.42 million, a PE ratio of 29.49 and a beta of 0.40. Middlesex Water Company has a one year low of $32.23 and a one year high of $44.48.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be paid a dividend of $0.2113 per share. This represents a $0.85 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Wednesday, August 9th. Middlesex Water’s dividend payout ratio (DPR) is 62.50%.
COPYRIGHT VIOLATION NOTICE: This piece of content was first reported by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece of content on another publication, it was stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be viewed at https://stocknewstimes.com/2017/08/02/middlesex-water-company-msex-position-boosted-by-ameriprise-financial-inc-updated.html.
Middlesex Water Company Profile
Middlesex Water Company is a water utility company. The Company owns and operates regulated water utility and wastewater systems in New Jersey, Delaware and Pennsylvania. The Company also operates water and wastewater systems under contract on behalf of municipal and private clients in New Jersey and Delaware.
Receive News & Ratings for Middlesex Water Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Middlesex Water Company and related companies with MarketBeat.com's FREE daily email newsletter.
