Middlesex Water Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Middlesex Water in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Middlesex Water stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MSEX, but not buy additional shares or sell existing shares.
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Wall Street analysts have given Middlesex Water a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Middlesex Water wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Middlesex Water saw a increase in short interest in May. As of May 28th, there was short interest totaling 670,500 shares, an increase of 108.8% from the May 13th total of 321,100 shares. Based on an average trading volume of 90,300 shares, the days-to-cover ratio is presently 7.4 days. Currently, 4.0% of the shares of the stock are short sold.
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Middlesex Water is scheduled to release its next quarterly earnings announcement on Friday, July 30th 2021.
View our earnings forecast for Middlesex Water.

Middlesex Water (NASDAQ:MSEX) posted its quarterly earnings data on Wednesday, May, 5th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.46 by $0.07. The utilities provider earned $32.54 million during the quarter, compared to analyst estimates of $33 million. Middlesex Water had a trailing twelve-month return on equity of 10.99% and a net margin of 26.46%.
View Middlesex Water's earnings history.

Middlesex Water's stock was trading at $58.52 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MSEX shares have increased by 40.2% and is now trading at $82.02.
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Middlesex Water announced a quarterly dividend on Monday, April 26th. Investors of record on Friday, May 14th will be given a dividend of $0.2725 per share on Tuesday, June 1st. This represents a $1.09 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Thursday, May 13th.
View Middlesex Water's dividend history.

Middlesex Water pays an annual dividend of $1.09 per share and currently has a dividend yield of 1.29%. Middlesex Water has been increasing its dividend for 26 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Middlesex Water is 50.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Middlesex Water will have a dividend payout ratio of 45.61% next year. This indicates that Middlesex Water will be able to sustain or increase its dividend.
View Middlesex Water's dividend history.

2 analysts have issued twelve-month price objectives for Middlesex Water's shares. Their forecasts range from $73.00 to $73.00. On average, they expect Middlesex Water's share price to reach $73.00 in the next twelve months. This suggests that the stock has a possible downside of 11.0%.
View analysts' price targets for Middlesex Water or view top-rated stocks among Wall Street analysts.

5 employees have rated Middlesex Water CEO Dennis W. Doll on Glassdoor.com. Dennis W. Doll has an approval rating of 82% among Middlesex Water's employees.

Some companies that are related to Middlesex Water include American Water Works (AWK), American States Water (AWR), California Water Service Group (CWT), SJW Group (SJW), The York Water (YORW), Cadiz (CDZI), Artesian Resources (ARTNA) and Consolidated Water (CWCO).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Middlesex Water investors own include Pfizer (PFE), Realty Income (O), The Southern (SO), AT&T (T), AbbVie (ABBV), Consolidated Edison (ED), Gilead Sciences (GILD), Medtronic (MDT), Visa (V) and Enterprise Products Partners (EPD).

Middlesex Water trades on the NASDAQ under the ticker symbol "MSEX."

Middlesex Water's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (10.29%), BlackRock Inc. (8.09%), Dimensional Fund Advisors LP (2.93%), Eaton Vance Management (2.76%), Renaissance Technologies LLC (2.00%) and Geode Capital Management LLC (1.81%). Company insiders that own Middlesex Water stock include A Bruce Oconnor, Bernadette M Sohler, Dennis W Doll, Georgia M Simpson, Lorrie Beth Ginegaw, Robert K Fullagar and Walter G Reinhard.
View institutional ownership trends for Middlesex Water.

MSEX stock was sold by a variety of institutional investors in the last quarter, including Amundi Asset Management US Inc., Renaissance Technologies LLC, JPMorgan Chase & Co., Dimensional Fund Advisors LP, Price T Rowe Associates Inc. MD, Northern Trust Corp, Nuance Investments LLC, and Kestra Advisory Services LLC. Company insiders that have sold Middlesex Water company stock in the last year include A Bruce Oconnor, Bernadette M Sohler, Dennis W Doll, Lorrie Beth Ginegaw, Robert K Fullagar, and Walter G Reinhard.
View insider buying and selling activity for Middlesex Water or view top insider-selling stocks.

MSEX stock was bought by a variety of institutional investors in the last quarter, including KBC Group NV, Eaton Vance Management, Deprince Race & Zollo Inc., BlackRock Inc., Ergoteles LLC, Geode Capital Management LLC, Millennium Management LLC, and Goldman Sachs Group Inc..
View insider buying and selling activity for Middlesex Water or or view top insider-buying stocks.

Shares of MSEX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MSEX stock can currently be purchased for approximately $82.02.

Middlesex Water has a market capitalization of $1.43 billion and generates $141.59 million in revenue each year. The utilities provider earns $38.42 million in net income (profit) each year or $2.18 on an earnings per share basis.

Middlesex Water employs 348 workers across the globe.

Middlesex Water was founded in 1897.

The official website for Middlesex Water is www.middlesexwater.com.

Middlesex Water is headquartered at 485C ROUTE 1 SOUTH, ISELIN NJ, 08830.

Middlesex Water's mailing address is 485C ROUTE 1 SOUTH, ISELIN NJ, 08830. The utilities provider can be reached via phone at 732-634-1500 or via email at [email protected]