Middlesex Water Company (MSEX) Given Daily Coverage Optimism Score of 0.25
News stories about Middlesex Water Company (NASDAQ:MSEX) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern 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 0.25 on Accern’s scale. Accern also gave news articles about the utilities provider an impact score of 89 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.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Middlesex Water Co. :MSEX-US: Earnings Analysis: Q1, 2017 By the Numbers : June 21, 2017 (finance.yahoo.com)
- Analyzing Middlesex Water Company (MSEX) and American Water Works (AWK) (americanbankingnews.com)
- 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 (NASDAQ:MSEX) opened at 40.36 on Thursday. The stock’s 50 day moving average price is $36.40 and its 200-day moving average price is $37.92. The stock has a market capitalization of $657.99 million, a PE ratio of 29.70 and a beta of 0.42. Middlesex Water Company has a 52-week low of $32.23 and a 52-week high of $44.48.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Friday, May 12th were given a dividend of $0.2113 per share. This represents a $0.85 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Wednesday, May 10th. Middlesex Water Company’s payout ratio is 62.50%.
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In other Middlesex Water Company news, Director Walter G. Reinhard sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, March 27th. The stock was sold at an average price of $36.14, for a total transaction of $43,368.00. Following the transaction, the director now owns 81 shares in the company, valued at approximately $2,927.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.48% of the company’s stock.
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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