Here is how Middlesex Water (MSEX) and NiSource (NI) have performed compared to their sector so far this year.
Investors in New Jersey water utility stock Middlesex Water (MSEX 14.44%) woke up to some dramatically good news on Monday morning: a 12.8% gain in share price (through 10:25 a.m. ET) after earnings came out over the weekend.
Both Middlesex Water and SJW Group are effectively satisfying their customers' needs for water and wastewater services.
BofA Securities analyst Ross Fowler initiated coverage on Middlesex Water Company MSEX with an Underperform rating and a price forecast of $56.
Middlesex Water (MSEX) came out with quarterly earnings of $0.80 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.56 per share a year ago.
Middlesex Water (MSEX) came out with quarterly earnings of $0.59 per share, missing the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.55 per share a year ago.
Middlesex Water (MSEX) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Middlesex Water (MSEX) continues with its initiatives to enhance its infrastructure and provide high-quality services to customers.