Odyssean LLC Grows Holdings in Middlesex Water Company $MSEX

Posted by Brenda Bartman on Aug 27th, 2026

Odyssean LLC boosted its position in Middlesex Water Company (NASDAQ:MSEX – Free Report) by 133.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 17,227 shares of the utilities provider’s stock after acquiring an additional 9,833 shares during the quarter. Odyssean LLC’s holdings in Middlesex Water were worth $967,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Middlesex Water during the second quarter valued at about $25,000. Parallel Advisors LLC increased its position in shares of Middlesex Water by 68.6% during the first 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. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Middlesex Water in the second quarter worth about $27,000. Western Wealth Management LLC acquired a new position in shares of Middlesex Water in the first quarter worth about $33,000. Finally, Versant Capital Management Inc boosted 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 valued at $38,000 after purchasing an additional 523 shares during the last quarter. 79.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

View Our Latest Stock Report on MSEX

Middlesex Water Stock Performance

Shares of Middlesex Water stock opened at $58.51 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.41 and a current ratio of 0.50. Middlesex Water Company has a 1 year low of $44.17 and a 1 year high of $62.17. The firm’s 50-day simple moving average is $56.57 and its 200-day simple moving average is $54.03. The firm has a market cap of $1.10 billion, a PE ratio of 22.59 and a beta of 0.75.

Middlesex Water (NASDAQ:MSEX – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.79 earnings per share for the quarter, beating 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 analyst estimates of $54.51 million.

Middlesex Water Announces Dividend

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

Insider Buying and Selling at Middlesex Water

In other news, VP Lorrie Beth Ginegaw sold 615 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $57.61, for a total value of $35,430.15. Following the completion of the sale, the vice president directly owned 3,978 shares in the company, valued at approximately $229,172.58. The trade was a 13.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.92% of the company’s stock.

About Middlesex Water

(Free Report)

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.