Middlesex Water Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqGS:MSEX Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
18 Nov 25	SellUS$33,097	Lorrie Ginegaw	Individual	650	US$50.92
28 May 25	SellUS$40,274	Walter Reinhard	Individual	702	US$57.37
21 Mar 25	SellUS$244,203	Dennis Doll	Individual	4,067	US$60.05
11 Mar 25	SellUS$19,323	Walter Reinhard	Individual	300	US$64.41

Insider Trading Volume

Insider Buying: MSEX insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of MSEX?
Owner Type	Number of Shares	Ownership Percentage
State or Government	4,351	0.0237%
Individual Insiders	272,870	1.49%
General Public	3,600,753	19.6%
Institutions	14,459,845	78.9%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 67.5% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
18.3%	BlackRock, Inc.	3,356,169	US$163.9m	1.85%	no data
8.92%	T. Rowe Price Group, Inc.	1,636,213	US$79.9m	6.78%	0.01%
7.49%	The Vanguard Group, Inc.	1,373,488	US$67.1m	-3.57%	no data
5.52%	Neuberger Berman Investment Advisers LLC	1,011,454	US$49.4m	0%	0.04%
3.83%	State Street Global Advisors, Inc.	702,475	US$34.3m	1.64%	no data
2.5%	Geode Capital Management, LLC	459,352	US$22.4m	3.49%	no data
2.07%	Legal & General Investment Management Limited	379,762	US$18.6m	32.9%	no data
1.89%	Dimensional Fund Advisors LP	347,172	US$17.0m	-2.56%	no data
1.78%	Eaton Vance Management	325,843	US$15.9m	13.5%	no data
1.49%	Invesco Capital Management LLC	272,545	US$13.3m	-13.5%	no data
1.39%	Ledgewood Wealth Advisors, LLC	254,016	US$12.4m	0%	7.84%
1.21%	Goldman Sachs Asset Management, L.P.	221,814	US$10.8m	-0.27%	no data
1.17%	Renaissance Technologies LLC	215,013	US$10.5m	5.96%	0.02%
1.12%	Charles Schwab Investment Management, Inc.	204,706	US$10.0m	12.6%	no data
1.1%	Northern Trust Global Investments	202,304	US$9.9m	-0.15%	no data
0.97%	Morgan Stanley	177,278	US$8.7m	-15.8%	no data
0.93%	Thematics Asset Management	171,000	US$8.4m	0%	0.3%
0.91%	BNY Asset Management	166,721	US$8.1m	-13.9%	no data
0.84%	Zimmer Partners, LP	154,557	US$7.6m	26.6%	0.2%
0.8%	First Manhattan Co. LLC	147,353	US$7.2m	-7.41%	0.02%
0.69%	Principal Global Investors, LLC	126,351	US$6.2m	23.4%	no data
0.68%	UBS Asset Management AG	124,532	US$6.1m	-0.41%	no data
0.65%	ProShare Advisors LLC	119,385	US$5.8m	7.35%	0.01%
0.65%	TSP Capital Management Group, LLC	119,224	US$5.8m	6.72%	1.65%
0.6%	Cramer Rosenthal McGlynn LLC	109,416	US$5.3m	-1.13%	0.38%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/20 23:15
End of Day Share Price	2025/11/20 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Middlesex Water Company is covered by 6 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Benjamin Kallo	Baird
Davis Sunderland	Baird
Ross Fowler	BofA Global Research