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Reinhard Walter, a director at Middlesex Water Co. (NASDAQ:MSEX), recently sold 300 shares of the company’s common stock. The transaction, reported on March 11, 2025, was executed at a price of $64.41 per share, amounting to a total sale value of $19,323. Following this transaction, Walter holds 6,351 shares in the company. The sale was conducted directly, as indicated in the filing.The $1.14 billion utility company has shown strong momentum, with shares rising 9% in the past week. According to InvestingPro, the stock’s RSI indicates overbought conditions, while trading near its Fair Value. Notable for income investors, MSEX has maintained dividend payments for 55 consecutive years, with 21 years of consecutive increases.Want deeper insights into insider trading patterns and technical indicators? InvestingPro offers 8 additional investment tips for MSEX, along with comprehensive financial health metrics.
In other recent news, Middlesex Water has been the focus of analyst attention with differing perspectives on its financial outlook. Baird analysts upgraded Middlesex Water’s stock rating from Neutral to Outperform, setting a price target of $61.00. This upgrade was driven by the company’s robust fourth-quarter performance, which exceeded expectations across significant financial metrics, including capital expenditure spending. The analysts highlighted the company’s long-term growth estimates for capital investment as a positive factor, suggesting Middlesex Water is well-positioned for future growth despite industry challenges.
Conversely, BofA Securities initiated coverage on Middlesex Water with an Underperform rating and a price target of $56.00. The firm considers the stock to be the most expensive utility within their coverage, noting its 23.9x projected 2026 price-to-earnings ratio as a premium compared to peers. BofA Securities expressed concerns about the company’s growth prospects, emphasizing that its rate base and earnings per share growth are expected to fall below average. They also pointed out potential regulatory risks due to frequent rate case filings, which could impact capital expenditure plans.
While Baird sees attractive investment opportunities, BofA remains cautious, citing valuation concerns and regulatory challenges. These recent developments provide investors with varying perspectives on Middlesex Water’s potential trajectory.
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