Director’s Stock Sale Shakes Up Middlesex Water Company

New insider activity at Middlesex Water Company ( (MSEX) ) has taken place on May 29, 2025.

Director Walter Reinhard recently sold 702 shares of Middlesex Water Company stock, amounting to a total transaction value of $40,273.

Recent Updates on MSEX stock

Middlesex Water Company recently held its Annual Meeting of Shareholders, where key governance decisions were made, including the election of directors and the ratification of its accounting firm, reflecting a commitment to governance and financial oversight. The company also announced an ATM Equity Offering Sales Agreement to raise up to $110 million, aimed at funding capital expenditures and enhancing operational capabilities. Analyst Michael Gaugler from Janney Montgomery Scott upgraded the stock to Buy, citing a positive outlook with ongoing rate cases in Delaware and New Jersey, and suggesting it is an opportune time for investors following a share price pullback. Despite a mixed technical analysis, the company maintains strong financial performance with stable profitability and cash flow, supporting its growth potential in the regulated water industry.

Spark’s Take on MSEX Stock

According to Spark, TipRanks’ AI Analyst, MSEX is a Outperform.

Middlesex Water Company exhibits strong financial performance with excellent profitability and cash flow generation, supported by moderate leverage and a stable equity position. The technical analysis suggests mixed signals, with short-term weakness but a stable long-term trajectory. The valuation is reasonable with a balanced P/E ratio and an attractive dividend yield. These factors combine to provide a robust overall stock score, reflecting solid stability and growth potential in the regulated water industry.

To see Spark’s full report on MSEX stock, click here.

More about Middlesex Water Company

YTD Price Performance: 10.57%

Average Trading Volume: 176,022

Technical Sentiment Signal: Sell

Current Market Cap: $1.04B