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Principal Financial Group Inc. Grows Position in Middlesex Water Company $MSEX
Principal Financial Group Inc. significantly increased its stake in Middlesex Water Company (NASDAQ:MSEX) by 23.3% in Q3, now holding 126,343 shares valued at approximately $6.84 million. Institutional investors collectively own about 79.52% of the company. Middlesex Water also declared a quarterly dividend of $0.36 per share, and analysts maintain a “Moderate Buy” rating with an average price target of $60.33.