Middlesex Water traded at $50.85 this Wednesday April 15th, decreasing $1.01 or 1.95 percent since the previous trading session. Looking back, over the last four weeks, Middlesex Water lost 2.23 percent. Over the last 12 months, its price fell by 18.38 percent. Looking ahead, we forecast Middlesex Water to be priced at 54.33 by the end of this quarter and at 50.00 in one year, according to Trading Economics global macro models projections and analysts expectations.
Middlesex Water Company is a water utility company. The Company owns and operates regulated water utility and wastewater systems primarily in New Jersey and Delaware. It also operates water and wastewater systems under contract on behalf of municipal and private clients primarily in New Jersey and Delaware. The Company operates through two segments: Regulated and Non-Regulated. Its Regulated segment is engaged in the business of collecting, treating and distributing water on a retail and wholesale basis to residential, commercial, industrial and fire protection customers in parts of New Jersey, Delaware and Pennsylvania. The Non-Regulated segment primarily consists of non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware. The Company's subsidiaries include Tidewater Utilities, Inc., Shores Water Company, LLC and White Marsh Environmental Systems, Inc and others.