Shares of Middlesex Water Company (NASDAQ:MSEX – Get Free Report) reached a new 52-week high during trading on Thursday. The company traded as high as $60.16 and last traded at $60.8250, with a volume of 10,847 shares. The stock had previously closed at $59.20.
More Middlesex Water News
Here are the key news stories impacting Middlesex Water this week:
- Positive Sentiment: Huntington initiated coverage with a Strong Buy rating and projected EPS of $2.82 for FY2026, $2.80 for FY2027 and $2.92 for FY2028. These are analyst forecasts, not company guidance. Huntington stock recommendations
- Positive Sentiment: Freedom Broker raised its price target for MSEX, another potentially supportive signal; the available report does not specify the revised target. Middlesex Water stock gets price target increase from Freedom Broker
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on MSEX shares. Freedom Broker lifted their price target on shares of Middlesex Water from $56.00 to $58.00 and gave the company a “hold” rating in a report on Monday. Huntington initiated coverage on shares of Middlesex Water in a research note on Sunday. They issued a “strong-buy” rating for the company. Weiss Ratings upgraded shares of Middlesex Water from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, October 12th. Robert W. Baird set a $66.00 target price on shares of Middlesex Water in a research note on Friday, July 31st. Finally, New Street Research set a $64.00 target price on shares of Middlesex Water in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $60.75.
Check Out Our Latest Report on Middlesex Water
Middlesex Water Trading Up 2.6%
The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.42 and a current ratio of 0.51. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 21.88 and a beta of 0.71. The business has a fifty day simple moving average of $55.48 and a 200-day simple moving average of $54.26.
Middlesex Water (NASDAQ:MSEX – Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The utilities provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.13. The firm had revenue of $60.21 million for the quarter, compared to analyst estimates of $59.90 million. Middlesex Water had a return on equity of 10.08% and a net margin of 24.50%.
Middlesex Water Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 16th will be given a dividend of $0.38 per share. The ex-dividend date is Monday, November 16th. This represents a $1.52 annualized dividend and a yield of 2.5%. This is a boost from Middlesex Water’s previous quarterly dividend of $0.36. Middlesex Water’s dividend payout ratio is 54.87%.
Insider Buying and Selling
In other Middlesex Water news, VP Lorrie Ginegaw sold 615 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $57.61, for a total transaction of $35,430.15. Following the sale, the vice president directly owned 3,978 shares of the company’s stock, valued at $229,172.58. The trade was a 13.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.92% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Middlesex Water
Large investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Middlesex Water during the second quarter worth $25,000. Parallel Advisors LLC increased its holdings in Middlesex Water by 68.6% in the first quarter. Parallel Advisors LLC now owns 521 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 212 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Middlesex Water in the second quarter valued at $27,000. Integrated Wealth Concepts LLC acquired a new stake in Middlesex Water in the second quarter valued at $28,000. Finally, Western Wealth Management LLC bought a new position in Middlesex Water during the 1st quarter worth $33,000. Institutional investors own 79.52% of the company’s stock.
Middlesex Water Company Profile
Middlesex Water Company (NASDAQ:MSEX) is a regulated water and wastewater utility that owns and operates systems serving residential, commercial, industrial and municipal customers. Its services include the production, treatment, distribution and sale of potable water, as well as wastewater collection and treatment.
Founded in 1897, the company primarily serves communities in New Jersey and Delaware through its regulated utility operations. Its New Jersey service area includes portions of Middlesex, Union, Somerset and Mercer counties, while its Delaware operations serve customers through the Tidewater Utilities subsidiary.
Middlesex Water also provides contract operations, maintenance and related services for municipal and other public water and wastewater systems.
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