Middlesex Water (NASDAQ:MSEX) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Middlesex Water Company (NASDAQ:MSEX)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $52.60 and traded as high as $57.22. Middlesex Water shares last traded at $56.16, with a volume of 183,478 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MSEX. Wall Street Zen upgraded Middlesex Water from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded Middlesex Water from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $56.67.

Middlesex Water Trading Up 1.7%

The stock has a market cap of $1.07 billion, a PE ratio of 23.98 and a beta of 0.77. The business’s fifty day moving average is $52.64 and its 200 day moving average is $52.63. The company has a quick ratio of 0.32, a current ratio of 0.39 and a debt-to-equity ratio of 0.74.

Middlesex Water (NASDAQ:MSEX) last issued its earnings results on Thursday, April 30th. The utilities provider reported $0.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.57. The company had revenue of $48.71 million during the quarter, compared to analysts’ expectations of $49.75 million. Middlesex Water had a net margin of 22.07% and a return on equity of 9.08%.

Middlesex Water Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were issued a $0.36 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.44 annualized dividend and a yield of 2.5%. Middlesex Water’s dividend payout ratio is 60.00%.

Institutional Investors Weigh In On Middlesex Water

Several institutional investors and hedge funds have recently made changes to their positions in MSEX. Parallel Advisors LLC raised its position in Middlesex Water by 68.6% during the first quarter. Parallel Advisors LLC now owns 521 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 212 shares during the last quarter. Western Wealth Management LLC acquired a new stake in shares of Middlesex Water in the first quarter valued at approximately $33,000. Versant Capital Management Inc increased its stake in shares of Middlesex Water by 328.9% during the 2nd quarter. Versant Capital Management Inc now owns 682 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 523 shares in the last quarter. KBC Group NV purchased a new position in shares of Middlesex Water during the 1st quarter worth approximately $45,000. Finally, Cassaday & Co Wealth Management LLC acquired a new position in shares of Middlesex Water during the 1st quarter worth approximately $114,000. 79.52% of the stock is currently 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.