Middlesex WaterMSEX
Market Cap: $1.11B
About: Middlesex Water Co owns and operates regulated water utility and wastewater systems in the U.S. The firm primarily operates in the eastern states of New Jersey, Delaware, and Pennsylvania. The company has two operating segments, Regulated and Non-Regulated. The regulated business includes collecting and distributing water to residential, commercial, industrial, and fire protection consumers. The non-regulated business includes contract services for the operation of private water and wastewater systems. The majority of the company's revenue is derived from the Regulated segment and from residential customers.
Employees: 355
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
232% more call options, than puts
Call options by funds: $1.02M | Put options by funds: $308K
30% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 20
3% more funds holding
Funds holding: 189 [Q1] → 195 (+6) [Q2]
0% more repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 67
4% less capital invested
Capital invested by funds: $697M [Q1] → $666M (-$30.6M) [Q2]
3.05% less ownership
Funds ownership: 74.55% [Q1] → 71.51% (-3.05%) [Q2]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Baird Ben Kallo 54% 1-year accuracy 15 / 28 met price target | 6%downside $58 | Neutral Downgraded | 5 Aug 2024 |