KBC Group NV Has $17.80 Million Stock Holdings in Middlesex Water

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Middlesex Water ($NASDAQ:MSEX) is a water utility company that provides water and wastewater services to customers in New Jersey and Delaware. KBC Group NV is a financial services company that provides investment banking, asset management, and insurance services. KBC Group NV has $17.80 million in stock holdings in Middlesex Water.

Market Price

Middlesex Water stock opened at $75.3 and closed at $76.0, up by 1.2% from prior closing price of 75.1. Middlesex Water is a water and wastewater utility company that serves customers in central and northern New Jersey and southeastern Pennsylvania. The company’s operations include the treatment, distribution, and sale of water; the collection, treatment, and disposal of wastewater; and the operation of regional wastewater sludge management facilities.

VI Analysis

Middlesex Water’s fundamentals reflect its long term potential, making it a strong candidate for investment. The company’s dividend yield and profitability are both strong, while its asset growth is only medium.

However, its weak growth potential means that it is classified as a ‘rhino’ company. one that has achieved moderate revenue or earnings growth. This makes Middlesex Water an attractive investment for value investors who are looking for a company with a strong dividend yield and solid fundamentals. However, its weak growth potential means that it may not be suitable for growth investors. Middlesex Water’s intermediate health score of 4/10 with regard to its cashflows and debt indicates that it is likely to safely ride out any crisis without the risk of bankruptcy.

Summary

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Middlesex Water Company operates as a regulated water utility company that primarily provides water and wastewater services in New Jersey and Delaware. The company offers water utility and wastewater utility services to residential, commercial, industrial, governmental, and other customers through two operating divisions: water and wastewater.