Middlesex Water (MSEX) Given Daily Coverage Optimism Rating of 0.17
Headlines about Middlesex Water (NASDAQ:MSEX) have trended somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Middlesex Water earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news headlines about the utilities provider an impact score of 46.4001486390448 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Middlesex Water (NASDAQ MSEX) opened at $44.50 on Thursday. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $730.51, a P/E ratio of 35.75 and a beta of 0.43. Middlesex Water has a fifty-two week low of $32.23 and a fifty-two week high of $46.39.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 9th will be issued a $0.2238 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 2.01%. This is an increase from Middlesex Water’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, November 8th. Middlesex Water’s dividend payout ratio is 71.20%.
A number of research firms recently weighed in on MSEX. BidaskClub lowered shares of Middlesex Water from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Zacks Investment Research downgraded Middlesex Water from a “hold” rating to a “sell” rating in a report on Friday, August 4th. ValuEngine raised Middlesex Water from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Finally, Janney Montgomery Scott reaffirmed a “buy” rating and issued a $44.00 price target on shares of Middlesex Water in a report on Wednesday, October 4th.
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In other news, President Gerard L. Esposito sold 1,700 shares of the stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $42.89, for a total value of $72,913.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP A Bruce Oconnor sold 4,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $43.83, for a total value of $175,320.00. Following the completion of the sale, the vice president now directly owns 16,803 shares of the company’s stock, valued at $736,475.49. The disclosure for this sale can be found here. Insiders sold 5,900 shares of company stock valued at $256,093 over the last three months. Corporate insiders own 3.48% of the company’s stock.
Middlesex Water Company Profile
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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