Middlesex Water Co（MSEX）股票分析MSEXMiddlesex Water Co

Middlesex Water Company is a water utility company. The Company owns and operates regulated water utility and wastewater systems primarily in New Jersey and Delaware. It also operates water and wastewater systems under contract on behalf of municipal and private clients, primarily in New Jersey and Delaware. It operates through two segments: Regulated and Non-Regulated. The Regulated segment is engaged in the business of collecting, treating and distributing water on a retail and wholesale basis to residential, commercial, industrial and fire protection customers in parts of New Jersey and Delaware and includes Middlesex, Tidewater, Pinelands Water and Southern Shores. The Non-Regulated segment primarily consists of non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware and includes USA, USA-PA, and White Marsh. Across its regulated utility systems, it serves approximately 131,000 customers. It operates in the Utilities sector (WATER SUPPLY industry).

Middlesex Water Co is a good buy right now due to its recent dividend increase from $0.36 to $0.38 per share, reflecting a 5.56% rise, which enhances its annual yield to 2.7%. Additionally, the stock is currently priced at $56.03, with a forward P/E ratio of 28.57, indicating potential for growth as the company benefits from favorable rate increases and a supportive regulatory environment. However, a risk to consider is the insider selling activity, which has increased by 128.74% over the last month, suggesting some caution among insiders.

1 analysts cover MSEX: 1 rate it Buy, 0 Hold and 0 Sell. The average price target is 58.00.