Middlesex Water Co. (MSEX) Shares Down 2.2%
Shares of Middlesex Water Co. (NASDAQ:MSEX) dropped 2.2% during mid-day trading on Monday . The stock traded as low as $37.03 and last traded at $37.23, with a volume of 56,116 shares traded. The stock had previously closed at $38.07.
The company has a market cap of $599.27 million and a P/E ratio of 27.47. The firm’s 50-day moving average is $40.92 and its 200-day moving average is $35.42.
Middlesex Water (NASDAQ:MSEX) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.36 earnings per share for the quarter. The company earned $32.70 million during the quarter, compared to the consensus estimate of $31.60 million. Equities research analysts anticipate that Middlesex Water Co. will post $1.30 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Friday, August 12th will be issued a $0.1988 dividend. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $0.80 annualized dividend and a yield of 2.16%.
Middlesex Water Company is a water utility company. The Company has two segments: regulated and non-regulated. The regulated business includes collecting, treating and distributing water on a retail and wholesale basis to residential, commercial, industrial and fire protection customers in parts of New Jersey, Delaware and Pennsylvania.
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