News stories about Middlesex Water Company (NASDAQ:MSEX) have been trending somewhat positive recently, according to AlphaOne Sentiment. The research group, a division of Accern, identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Middlesex Water Company earned a news sentiment score of 0.17 on AlphaOne’s scale. AlphaOne also gave news articles about the utilities provider an impact score of 84 out of 100, indicating that recent news coverage is very likely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Alpha One Sentiment Analysis’s rankings:
- Financial Analysis: Consolidated Water Co. (CWCO) vs. Middlesex Water Company (MSEX) (americanbankingnews.com)
- ETFs with exposure to Middlesex Water Co. : June 15, 2017 (finance.yahoo.com)
- Middlesex Water Company (MSEX) Short Interest Up 3.4% in May (americanbankingnews.com)
- Zacks: Brokerages Set $39.00 Target Price for Middlesex Water Company (MSEX) (americanbankingnews.com)
Separately, Janney Montgomery Scott began coverage on Middlesex Water Company in a research report on Friday, February 17th. They issued a “neutral” rating and a $39.00 target price for the company.
Shares of Middlesex Water Company (NASDAQ:MSEX) traded down 0.47% during trading on Friday, reaching $40.50. The company’s stock had a trading volume of 391,166 shares. The firm’s 50-day moving average is $36.27 and its 200-day moving average is $37.98. Middlesex Water Company has a 12-month low of $32.23 and a 12-month high of $44.48. The stock has a market capitalization of $660.27 million, a PE ratio of 29.80 and a beta of 0.42.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Friday, May 12th were paid a $0.2113 dividend. This represents a $0.85 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date was Wednesday, May 10th. Middlesex Water Company’s dividend payout ratio (DPR) is presently 62.50%.
In other Middlesex Water Company news, Director Walter G. Reinhard sold 1,200 shares of the stock in a transaction dated Monday, March 27th. The stock was sold at an average price of $36.14, for a total value of $43,368.00. Following the completion of the sale, the director now directly owns 81 shares in the company, valued at $2,927.34. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 3.48% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Somewhat Favorable News Coverage Very Likely to Affect Middlesex Water Company (MSEX) Share Price” was reported by WKRB News and is the sole property of of WKRB News. If you are viewing this news story on another website, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.wkrb13.com/markets/2230578/somewhat-favorable-news-coverage-very-likely-to-affect-middlesex-water-company-msex-share-price.html.
About Middlesex Water Company
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.
This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2230578/somewhat-favorable-news-coverage-very-likely-to-affect-middlesex-water-company-msex-share-price.html
Receive News & Ratings for Middlesex Water Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Middlesex Water Company and related companies with MarketBeat.com's FREE daily email newsletter.