SCHEDULE 13G/A: First Trust Entities Disclose 2.90% Passive Stake in Middlesex Water Company

First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation jointly reported a passive beneficial ownership of 2.90% in Middlesex Water Company as of December 31, 2024.

Summary

• First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation have jointly filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership in Middlesex Water Company.
• As of December 31, 2024, the aggregate amount beneficially owned by the reporting persons is 516,910 shares of Common stock.
• This ownership represents 2.90% of the class of Middlesex Water Company's common stock.
• The reporting persons hold these shares for investment purposes in the ordinary course of business and not with the intent to change or influence the control of the issuer.
• First Trust Portfolios L.P. has shared dispositive power over 126,897 shares.
• First Trust Advisors L.P. and The Charger Corporation each have shared voting power over 390,013 shares and shared dispositive power over 516,910 shares.
• The Charger Corporation is the General Partner of both First Trust Portfolios L.P. and First Trust Advisors L.P.
• First Trust Portfolios L.P. acts as sponsor of certain unit investment trusts that hold shares of the issuer, with no individual trust holding more than 3% of the issuer's shares.
• First Trust Advisors L.P. acts as portfolio supervisor for these unit investment trusts and as investment advisor/sub-advisor for other registered investment companies, pooled investment vehicles, and separately managed accounts holding issuer shares.
• The reporting persons disclaim beneficial ownership of the shares identified in this filing, as the shares are primarily voted by the trustee of the unit investment trusts.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of a passive ownership stake, providing factual information without indicating positive or negative sentiment regarding the issuer's performance or outlook.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of a passive investment stake by institutional investors in a publicly traded water utility company. It does not provide specific insights into broader industry trends or competitive landscape beyond the fact that institutional investors hold stakes in such companies.

Stakeholder Impact

• Shareholders: Minimal direct impact as the filing indicates a passive, non-controlling stake below 5%, which is a routine disclosure for institutional investors.

Key Dates

Keywords

Middlesex Water Company, First Trust Portfolios L.P., First Trust Advisors L.P., The Charger Corporation, Schedule 13G, Beneficial Ownership, Common Stock, Investment, Water Utility