Middlesex Water Company (NASDAQ:MSEX) is a prominent player in the water utility sector, providing water and wastewater services. The company operates primarily in New Jersey and Delaware, serving both residential and commercial customers. As a utility company, Middlesex Water competes with other regional and national water service providers, focusing on delivering reliable and quality water services.
On March 11, 2025, REINHARD WALTER G, a director at Middlesex Water, sold 300 shares of the company's common stock at $64.41 per share. This transaction leaves him with 6,351 shares. Such insider transactions can sometimes signal the insider's perspective on the company's future performance, though they are not always indicative of broader trends.
Middlesex Water is currently gaining attention as a potential top pick for momentum investors, as highlighted by Zacks Investment Research. The company has achieved a Momentum Style Score of A, suggesting strong recent performance. Momentum investing involves buying stocks that have shown an upward trend, with the expectation that the trend will continue.
Despite the recent insider sale, MSEX is priced at $62.94, reflecting a 3.06% decrease with a drop of $1.99. The stock has fluctuated between $62.79 and $64.73 during the trading day. Over the past year, it has seen a high of $70.73 and a low of $45.42, indicating significant volatility.
Middlesex Water has a market capitalization of approximately $1.13 billion, reflecting its size and market presence. The trading volume for the day is 154,735 shares on the NASDAQ exchange, showing active investor interest. This level of activity and the company's momentum score suggest that MSEX remains a stock to watch for potential growth.
