Bernadette M. Sohler Sells 1,000 Shares of Middlesex Water Company (MSEX) Stock
Middlesex Water Company (NASDAQ:MSEX) VP Bernadette M. Sohler sold 1,000 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $45.19, for a total value of $45,190.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Middlesex Water Company (MSEX) traded down $0.28 during midday trading on Friday, reaching $46.12. The company’s stock had a trading volume of 41,800 shares, compared to its average volume of 43,150. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 0.60. Middlesex Water Company has a 52-week low of $32.23 and a 52-week high of $46.74. The firm has a market cap of $732.96, a price-to-earnings ratio of 35.87 and a beta of 0.43.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders 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 1.94%. This is a positive change from Middlesex Water’s previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, November 8th. Middlesex Water’s dividend payout ratio is currently 71.20%.
A number of equities research analysts recently weighed in on MSEX shares. Janney Montgomery Scott restated a “buy” rating and issued a $44.00 price target on shares of Middlesex Water in a research note on Wednesday, October 4th. ValuEngine upgraded Middlesex Water from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Zacks Investment Research upgraded Middlesex Water from a “sell” rating to a “hold” rating in a research note on Friday, September 8th. Finally, BidaskClub cut Middlesex Water from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th.
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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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