MSEX - Middlesex Water Insider Trades SendAa Signal | Benzinga
A significant insider buy by Mohammed G Zerhouni, SVP at Middlesex Water (NASDAQ:MSEX), was executed on June 26, and reported in the recent SEC filing.
What Happened: In a significant move reported in a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday, Zerhouni purchased 2,043 shares of Middlesex Water, demonstrating confidence in the company's growth potential. The total value of the transaction stands at $105,010.
Middlesex Water's shares are actively trading at $52.33, experiencing a down of 0.0% during Thursday's morning session.
Delving into Middlesex Water's Background
Middlesex Water Co owns and operates regulated water utility and wastewater systems in the U.S. The firm primarily operates in the eastern states of New Jersey, Delaware, and Pennsylvania. The company has two operating segments, Regulated and Non-Regulated. The regulated business includes collecting and distributing water to residential, commercial, industrial, and fire protection consumers. The non-regulated business includes contract services for the operation of private water and wastewater systems. The majority of the company's revenue is derived from the Regulated segment and from residential customers.
Unraveling the Financial Story of Middlesex Water
Revenue Growth: Middlesex Water displayed positive results in 3 months. As of 31 March, 2024, the company achieved a ...