Middlesex Water (NASDAQ:MSEX) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Middlesex Water Company (NASDAQ:MSEX)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $53.17 and traded as high as $54.33. Middlesex Water shares last traded at $53.72, with a volume of 192,097 shares.

Wall Street Analysts Forecast Growth

MSEX has been the topic of several recent research reports. Loop Capital set a $55.00 price target on Middlesex Water in a report on Wednesday, February 25th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Middlesex Water in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $59.00.

Middlesex Water Stock Up 1.2%

The company has a quick ratio of 0.36, a current ratio of 0.45 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $993.66 million, a PE ratio of 22.66 and a beta of 0.86. The stock has a 50-day moving average of $53.06 and a 200 day moving average of $53.17.

Middlesex Water (NASDAQ:MSEX) last issued its quarterly earnings results on Thursday, February 19th. The utilities provider reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). The business had revenue of $46.98 million for the quarter, compared to analysts’ expectations of $46.91 million. Middlesex Water had a net margin of 21.99% and a return on equity of 9.09%.

Middlesex Water Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Tuesday, February 17th. Middlesex Water’s dividend payout ratio (DPR) is currently 61.02%.

Insider Transactions at Middlesex Water

In other news, Director Robert N. Hoglund bought 2,000 shares of the firm’s stock in a transaction on Friday, February 27th. The stock was acquired at an average cost of $54.31 per share, with a total value of $108,620.00. Following the completion of the transaction, the director directly owned 2,000 shares of the company’s stock, valued at $108,620. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.32% of the stock is owned by corporate insiders.

Institutional Trading of Middlesex Water

Large investors have recently bought and sold shares of the company. Penn Capital Management Company LLC increased its position in Middlesex Water by 129.7% in the third quarter. Penn Capital Management Company LLC now owns 39,705 shares of the utilities provider’s stock worth $2,149,000 after buying an additional 22,422 shares during the last quarter. Principal Financial Group Inc. increased its position in Middlesex Water by 23.3% in the third quarter. Principal Financial Group Inc. now owns 126,343 shares of the utilities provider’s stock worth $6,838,000 after buying an additional 23,911 shares during the last quarter. TSP Capital Management Group LLC increased its position in Middlesex Water by 57.8% in the fourth quarter. TSP Capital Management Group LLC now owns 188,078 shares of the utilities provider’s stock worth $9,483,000 after buying an additional 68,854 shares during the last quarter. Exchange Traded Concepts LLC increased its position in Middlesex Water by 204.6% in the third quarter. Exchange Traded Concepts LLC now owns 40,250 shares of the utilities provider’s stock worth $2,178,000 after buying an additional 27,038 shares during the last quarter. Finally, Northstar Asset Management Inc. increased its position in Middlesex Water by 52.0% in the third quarter. Northstar Asset Management Inc. now owns 51,795 shares of the utilities provider’s stock worth $2,803,000 after buying an additional 17,723 shares during the last quarter. 79.52% of the stock is owned by hedge funds and other institutional investors.

Middlesex Water Company Profile

Middlesex Water Company is a regulated utility specializing in the provision of potable water and wastewater collection services to residential, commercial and industrial customers. The company operates through its wholly owned subsidiaries, supplying treated water and effectively managing sewage collection systems under state and local regulatory frameworks. Its core mission centers on delivering safe, reliable water while complying with stringent environmental and public health standards.

Founded in 1897 and headquartered in Iselin, New Jersey, Middlesex Water has grown from a local water works enterprise into a multi‐state utilities group.