Somewhat Favorable News Coverage Very Likely to Affect Middlesex Water Company (MSEX) Share Price

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:

Insider Buying and Selling by Quarter for Middlesex Water Company (NASDAQ:MSEX)

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.

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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.

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