News articles about Middlesex Water (NASDAQ:MSEX) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Middlesex Water earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave media stories about the utilities provider an impact score of 46.1632310264515 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Zacks: Analysts Set $44.00 Target Price for Middlesex Water Company (MSEX) (americanbankingnews.com)
- BRIEF-Middlesex Water Company announces dividend increase of 5.9% (MSEX) (markets.businessinsider.com)
- Middlesex Water Company Announces Dividend Increase of 5.9% (finance.yahoo.com)
- Middlesex Water Company (MSEX) Increases Dividend to $0.22 Per Share (americanbankingnews.com)
Several analysts recently commented on MSEX shares. Zacks Investment Research downgraded shares of Middlesex Water from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. ValuEngine upgraded shares of Middlesex Water from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. BidaskClub downgraded shares of Middlesex Water from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Finally, Janney Montgomery Scott reiterated a “buy” rating and issued a $44.00 price target on shares of Middlesex Water in a research report on Wednesday, October 4th.
Middlesex Water (NASDAQ:MSEX) traded down 1.331% during mid-day trading on Monday, reaching $44.125. 41,253 shares of the company traded hands. The stock has a market capitalization of $720.87 million, a PE ratio of 33.302 and a beta of 0.41. The firm’s 50-day moving average is $41.68 and its 200 day moving average is $38.92. Middlesex Water has a 52-week low of $32.23 and a 52-week high of $46.39.
Middlesex Water (NASDAQ:MSEX) last issued its quarterly earnings data on Tuesday, August 1st. The utilities provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.05). Middlesex Water had a net margin of 16.46% and a return on equity of 9.95%. The company had revenue of $33.01 million for the quarter, compared to the consensus estimate of $34.00 million. On average, equities research analysts expect that Middlesex Water will post $1.48 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 9th will be paid a dividend of $0.2238 per share. This is a boost from Middlesex Water’s previous quarterly dividend of $0.21. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Wednesday, November 8th. Middlesex Water’s payout ratio is currently 63.91%.
In related news, President Gerard L. Esposito sold 1,700 shares of Middlesex Water stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $42.89, for a total transaction of $72,913.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.48% of the stock is owned by insiders.
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About Middlesex Water
Middlesex Water Company is a water utility company. The Company owns and operates regulated water utility and wastewater systems in New Jersey, Delaware and Pennsylvania. The Company also operates water and wastewater systems under contract on behalf of municipal and private clients in New Jersey and Delaware.
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