Vanguard Holds 16.7% Stake in Middlesex Water Co.

TL;DR

**Vanguard still owns a huge chunk of Middlesex Water Co., showing long-term confidence.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, indicating its ownership of Middlesex Water Co. common stock as of December 29, 2023. This amendment (Amendment No. 6) updates their previous disclosures, showing they hold 0 shares with sole voting power and 3,090,166 shares with shared voting power, representing 16.7% of the company's common stock. This matters to investors because Vanguard is a significant institutional holder, and their continued large stake suggests confidence in Middlesex Water Co.'s long-term prospects, potentially influencing other investors.

Why It Matters

Vanguard's substantial 16.7% ownership in Middlesex Water Co. signals strong institutional confidence, which can reassure current and potential investors about the company's stability and future outlook.

Risk Assessment

Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and risk for the stock.

Analyst Insight

A smart investor would view Vanguard's continued large stake as a positive signal of long-term stability and consider Middlesex Water Co. for a defensive or income-oriented portfolio.

Key Numbers

• 3,090,166 — Shares with Shared Voting Power (Represents Vanguard's significant influence over Middlesex Water Co. decisions.)
• 16.7% — Percentage of Class Owned (Highlights Vanguard's substantial stake in the company, making them a key institutional investor.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and major shareholder
• Middlesex Water Co. (company) — subject company whose stock is being reported
• 3,090,166 (dollar_amount) — number of shares beneficially owned with shared voting power
• 16.7% (dollar_amount) — percentage of class beneficially owned
• December 29, 2023 (date) — date of event requiring the filing
• February 13, 2024 (date) — filing date of the SC 13G/A

Forward-Looking Statements

• Vanguard will maintain a significant stake in Middlesex Water Co. for the foreseeable future. (The Vanguard Group) — high confidence, target: 2025-12-31
• Middlesex Water Co. will continue to be a stable, dividend-paying utility stock. (Middlesex Water Co.) — medium confidence, target: 2025-12-31

FAQ

Filing Documents

• tv01460-middlesexwaterco.htm (SC 13G/A) — 11KB
• 0001104659-24-021471.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Middlesex Water Co

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 485C Route 1 South, Suite 400 Iselin, NJ 08830

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 596680108

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR