Middlesex Water (NASDAQ:MSEX) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Middlesex Water Company (NASDAQ:MSEX) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $52.90 and traded as high as $57.03. Middlesex Water shares last traded at $56.98, with a volume of 159,197 shares.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Weiss Ratings raised shares of Middlesex Water from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 25th. Wall Street Zen raised shares of Middlesex Water from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, New Street Research set a $64.00 price target on shares of Middlesex Water in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.67.

Middlesex Water Price Performance

The company has a debt-to-equity ratio of 0.74, a current ratio of 0.39 and a quick ratio of 0.32. The stock has a 50 day moving average price of $53.38 and a 200-day moving average price of $52.90. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 23.74 and a beta of 0.78.

Middlesex Water (NASDAQ:MSEX) last posted its quarterly earnings data on Thursday, April 30th. The utilities provider reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. The firm had revenue of $48.71 million during the quarter, compared to the consensus estimate of $49.75 million. Middlesex Water had a return on equity of 9.08% and a net margin of 22.07%.

Middlesex Water Dividend Announcement

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

Hedge Funds Weigh In On Middlesex Water

Several hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. boosted its position in Middlesex Water by 1.8% during the second quarter. Raymond James Financial Inc. now owns 10,691 shares of the utilities provider’s stock worth $579,000 after acquiring an additional 193 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Middlesex Water by 5.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,214 shares of the utilities provider’s stock valued at $212,000 after acquiring an additional 200 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in Middlesex Water by 4.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 4,836 shares of the utilities provider’s stock valued at $252,000 after acquiring an additional 202 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Middlesex Water by 3.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,602 shares of the utilities provider’s stock valued at $358,000 after acquiring an additional 208 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in Middlesex Water by 68.6% in the 1st quarter. Parallel Advisors LLC now owns 521 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 212 shares in 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.