Middlesex Water (MSEX) Given News Sentiment Rating of 0.21
Media headlines about Middlesex Water (NASDAQ:MSEX) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Middlesex Water earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave news articles about the utilities provider an impact score of 45.63204965335 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Middlesex Water Company CEO Dennis Doll to Serve on NAWC Summit Panel (finance.yahoo.com)
- Middlesex Water Company CEO Dennis Doll to Serve on NAWC Summit Panel (feeds.benzinga.com)
- Zacks: Middlesex Water Company (MSEX) Given Average Recommendation of “Strong Buy” by Analysts (americanbankingnews.com)
- Middlesex Water Company Files Rate Request Seeking Recovery for System Upgrades (finance.yahoo.com)
- Rob Capko, Middlesex Water Corporate Controller, Selected as 2017 Rising Star (finance.yahoo.com)
Several brokerages have issued reports on MSEX. BidaskClub downgraded shares of Middlesex Water from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Zacks Investment Research raised shares of Middlesex Water from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. Janney Montgomery Scott reissued a “buy” rating and set a $44.00 price objective on shares of Middlesex Water in a research report on Wednesday, October 4th. Finally, ValuEngine raised shares of Middlesex Water from a “sell” rating to a “hold” rating in a research report on Friday, August 4th.
Shares of Middlesex Water (MSEX) traded up 0.51% on Wednesday, reaching $45.65. 9,685 shares of the company’s stock traded hands. The company has a 50 day moving average of $39.90 and a 200-day moving average of $38.38. The stock has a market capitalization of $745.78 million, a PE ratio of 34.45 and a beta of 0.41. Middlesex Water has a 52 week low of $32.23 and a 52 week high of $45.65.
Middlesex Water (NASDAQ:MSEX) last issued its earnings results on Tuesday, August 1st. The utilities provider reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.05). The business had revenue of $33.01 million for the quarter, compared to analyst estimates of $34.00 million. Middlesex Water had a return on equity of 9.95% and a net margin of 16.46%. Equities research analysts forecast that Middlesex Water will post $1.48 earnings per share for the current year.
In related news, President Gerard L. Esposito sold 1,700 shares of the stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $42.89, for a total value of $72,913.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.48% of the stock is currently owned by corporate insiders.
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About Middlesex Water
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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