Middlesex Water stock up 1.16 million dollars in Alaska Department of Revenue holdings

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Middlesex Water Stock Intrinsic Value – Middlesex Water ($NASDAQ:MSEX) has seen a boost in their Alaska Department of Revenue holdings, totaling $1.16 million. This is a significant increase from their previous holdings, and is sure to give the company a boost in the coming months.

With this new influx of cash, Middlesex Water will be able to continue their operations in Alaska and expand their reach even further. This is great news for the company and their shareholders.

Earnings

The company also saw an 8.8% increase in net income, earning a total of 39.7 million dollars.

Stock Price

On Wednesday, the stock opened at $80.1 and closed at $80.9, representing a 1.3% increase from the previous closing price of $79.9. As such, it is important to monitor the situation closely and consult with a financial advisor before making any investment decisions.

VI Analysis – Middlesex Water Stock Intrinsic Value

The intrinsic value of a stock is a measure of a company’s long-term potential. The VI app makes it easy to analyze a company’s fundamentals and calculate its intrinsic value. Based on the data, the intrinsic value of MIDDLESEX WATER shares is around $84.8.

However, the stock is currently traded at $80.9, which represents a 5% discount. This suggests that MIDDLESEX WATER is a fair price undervalued by the market.

Summary

Middlesex Water Company, together with its subsidiaries, provides water and wastewater services to residential, commercial, industrial, and governmental customers in New Jersey and Delaware. The company operates through two segments, Water Utility Operations and wastewater Utility Operations.