Middlesex Water Stock Fair Value – Middlesex Water’s Principal Accounting Officer Sells 143 Shares of Common Stock
November 14, 2024
☀️Trending News
In recent news, it has been reported that Robert John Capko, the Principal Accounting Officer of Middlesex Water ($NASDAQ:MSEX) Co, has sold 143 shares of the company’s common stock. This sale may raise questions for investors about the financial outlook of Middlesex Water Co and the reasoning behind Capko’s decision to sell his shares.
However, it’s important to note that this transaction only represents a small portion of Capko’s overall holdings in the company. It’s also worth mentioning that insider selling is not uncommon in the stock market. It can happen for various reasons, such as diversifying one’s investment portfolio or taking advantage of a favorable stock price. In this case, it’s possible that Capko simply needed to liquidate some of his shares for personal reasons. Furthermore, it’s important to consider the overall performance of Middlesex Water Co when evaluating this sale. The company has consistently shown strong financial results and has a solid track record of providing value to its shareholders. In conclusion, while the recent sale of 143 shares of common stock by Middlesex Water Co’s Principal Accounting Officer may raise some questions, it is not necessarily indicative of any major issues within the company. Investors should consider the overall financial performance and long-term prospects of the company before making any decisions based on this transaction alone.
Stock Price
This news was met with a slight increase in the stock’s value, as it opened at $68.95 and closed at $69.59, representing a 1.41% increase from the previous day’s closing price of $68.62. The fact that a high-level executive is selling company stock may raise some concerns for investors.
However, it is worth noting that this sale only represents a small portion of the Principal Accounting Officer’s holdings, and does not necessarily reflect a lack of confidence in the company’s performance or future prospects. As with any publicly-traded company, it is not uncommon for executives to periodically sell shares of company stock as part of their ongoing financial planning and diversification strategies. In this case, it is important to also consider the overall trend of Middlesex Water‘s stock performance. Despite the recent sale by the Principal Accounting Officer, the stock has been steadily increasing in value over the past year. While insider transactions can sometimes raise red flags for investors, it is essential to look at the bigger picture and not make hasty judgments based on a single sale. Middlesex Water continues to provide essential services and maintain a strong financial position, making it a reliable and potentially profitable investment option for those interested in the water industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Middlesex Water. More…
| Total Revenues | Net Income | Net Margin |
| 166.27 | 31.4 | 19.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Middlesex Water. More…
| Operations | Investing | Financing |
| 52.78 | -90.18 | 35.96 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Middlesex Water. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.24k | 810.98 | 23.87 |
Key Ratios Snapshot
Some of the financial key ratios for Middlesex Water are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.5% | 1.6% | 26.0% |
| FCF Margin | ROE | ROA |
| -22.5% | 6.4% | 2.2% |
Analysis – Middlesex Water Stock Fair Value
As an analyst at GoodWhale, I have conducted a thorough examination of the fundamentals of MIDDLESEX WATER. This company is a regulated water and wastewater utility serving customers in New Jersey, Delaware, and Pennsylvania. After analyzing various financial metrics such as revenue, earnings, and cash flow, I have calculated the fair value of MIDDLESEX WATER’s share to be around $88.7. This valuation has been determined by using our proprietary Valuation Line, which takes into account the company’s growth prospects and industry standards. However, despite its fair value, I have noticed that MIDDLESEX WATER’s stock is currently trading at $69.59, which means it is undervalued by approximately 21.5%. This suggests that the stock may be a good investment opportunity for investors looking for potential gains in the long term. Furthermore, the company has a strong financial position with steady revenue and earnings growth over the past few years. It also has a healthy cash flow and a stable dividend payout history, making it an attractive option for income investors. In addition to its financial performance, MIDDLESEX WATER also has a solid track record of regulatory approvals for rate increases, providing stability and predictability for its earnings. This further reinforces the company’s potential as a reliable investment choice. Overall, my analysis shows that MIDDLESEX WATER is a fundamentally sound company with a strong financial position and growth potential. More…
Peers
The company’s competitors include Artesian Resources Corp, The York Water Co, and American Water Works Co Inc.
– Artesian Resources Corp ($NASDAQ:ARTNA)
Artesian Resources Corp is a water utility company that serves the greater Baltimore and Wilmington areas. The company has a market cap of 494.09M as of 2022 and a Return on Equity of 10.87%. The company is engaged in the business of providing water and wastewater services to residential, commercial, and industrial customers.
– The York Water Co ($NASDAQ:YORW)
The York Water Company, founded in 1816, is the oldest investor-owned water utility in the United States. It is a water and wastewater utility company that serves approximately 70,000 customers in south central Pennsylvania. The company’s market capitalization is $634.16 million as of 2022, and its return on equity is 8.18%. The York Water Company is committed to providing safe, reliable, and affordable water and wastewater services to its customers.
– American Water Works Co Inc ($NYSE:AWK)
American Water Works Company, Inc. is the largest investor-owned water and wastewater utility company in the United States, based on operated revenue. The company provides water and wastewater services to an estimated 14 million people in 46 states. It has approximately 7,100 employees and operates 86 utility subsidiaries. The company’s headquarters is in Camden, New Jersey.
American Water Works Company’s market capitalization is $25.28 billion as of 2022. The company’s return on equity is 17.48%.
American Water Works Company provides water and wastewater services to residential, commercial, and industrial customers in the United States. The company also supplies water to public utilities and municipalities. In addition, it engages in the wastewater treatment, desalination, and water reuse businesses.
Summary
Robert John Capko, the Principal Accounting Officer at Middlesex Water Co, recently sold 143 shares of the company’s common stock. This may indicate that he believes the stock is overvalued or that he needed to liquidate some assets. Investors should look closely at the company’s financial statements and performance to determine if they agree with Capko’s actions.
Additionally, investors should consider the company’s long-term growth potential, competition in the industry, and any potential regulatory changes that may impact the company. Careful analysis of these factors can help investors make informed decisions about whether to buy, sell, or hold Middlesex Water Co’s stock.
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