The VP & CFO of Middlesex Water Company (NASDAQ: MSEX) is Selling Shares

By Carrie Williams

Today, the VP & CFO of Middlesex Water Company (NASDAQ: MSEX), Bruce Oconnor, sold shares of MSEX for $73.25K.

Following Bruce Oconnor’s last MSEX Sell transaction on October 17, 2016, the stock climbed by 4.1%.

Based on Middlesex Water Company’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $37.79 million and quarterly net profit of $8.81 million. In comparison, last year the company earned revenue of $34.65 million and had a net profit of $6.74 million. The company has a one year high of $44.11 and a one year low of $24.02. MSEX’s market cap is $611.6M and the company has a P/E ratio of 25.54.

The insider sentiment on Middlesex Water Company has been neutral according to 25 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.

Middlesex Water Co. owns and operates regulated water utility and wastewater systems in New Jersey, Delaware and Pennsylvania. The company also operates water and wastewater systems under contract on behalf of municipal and private clients in New Jersey and Delaware. It operates in two business segments: Regulated and Non-Regulated. The Regulated operations serve residential, commercial, industrial and municipal customers. The Non-regulated segment operations engage in business activities with developers, government entities and other customers. Middlesex Water was founded in 1897 and is headquartered in Iselin, NJ.