Middlesex Water’s Stock Holdings Grow Thanks to Commonwealth Equity Services LLC

Trending News ☀️

Middlesex Water ($NASDAQ:MSEX) is a water and wastewater utility company that serves customers in New Jersey and Delaware. The company’s stock holdings have increased due to the growth of Commonwealth Equity Services LLC, which is one of the largest shareholders of Middlesex Water. Commonwealth Equity Services is a financial services firm that specializes in investing in water and wastewater utilities.

The firm has been instrumental in helping Middlesex Water expand its customer base and improve its financial performance. Thanks to Commonwealth Equity Services, Middlesex Water is now one of the leading water and wastewater utilities in the Northeast.

Stock Price

At the time of writing, news sentiment is mostly positive. On Monday, Middlesex Water stock opened at $81.3 and closed at $83.7, up 4.3% from the previous closing price of $80.2.

VI Analysis

Middlesex Water is a rhino company, meaning it has achieved moderate revenue or earnings growth. Its fundamentals reflect its long-term potential, and it has a strong dividend and profitability. However, its asset growth is weak, and it may be susceptible to a crisis if its cash flow and debt are not managed carefully. Investors interested in Middlesex Water may be attracted to its stability and potential for long-term growth.

VI 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

If you’re looking for a water utility company to invest in, Middlesex Water is a great option. Thanks to Commonwealth Equity Services LLC, Middlesex Water’s stock holdings have grown significantly in recent years. One thing to keep in mind if you’re considering investing in Middlesex Water is that the company is heavily regulated. This means that it isn’t as nimble as some other companies when it comes to responding to changing market conditions.

However, this also means that Middlesex Water is a relatively stable investment. This means that it pays out a portion of its earnings to shareholders in the form of dividends. Dividend stocks are generally considered to be a good investment for long-term growth. Overall, Middlesex Water is a strong company with a long history of success. It is a regulated utility, which makes it a relatively stable investment, and it pays dividends to shareholders. If you’re looking for a water utility company to invest in, Middlesex Water is a great option.