Middlesex Water Company (MSEX)
| Market Cap | 977.93M |
| Revenue (ttm) | 183.37M |
| Net Income (ttm) | 41.19M |
| Shares Out | 17.86M |
| EPS (ttm) | 2.30 |
| PE Ratio | 23.81 |
| Forward PE | 21.95 |
| Dividend | $1.36 (2.48%) |
| Ex-Dividend Date | Nov 15, 2024 |
| Volume | 306,003 |
| Open | 54.09 |
| Previous Close | 54.84 |
| Day's Range | 54.04 - 55.82 |
| 52-Week Range | 45.42 - 70.73 |
| Beta | 0.81 |
| Analysts | Sell |
| Price Target | 58.50 (+6.81%) |
| Earnings Date | Oct 31, 2024 |
About MSEX
Middlesex Water Company owns and operates regulated water utility and wastewater systems. It operates in Regulated and Non-Regulated segments. The Regulated segment collects, treats, and distributes water on a retail and wholesale basis to residential, commercial, industrial, and fire protection customers, as well as provides regulated wastewater systems in New Jersey and Delaware. The Non-Regulated segment provides non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jer... [Read more]
Financial Performance
In 2023, Middlesex Water Company's revenue was $166.27 million, an increase of 2.36% compared to the previous year's $162.43 million. Earnings were $31.40 million, a decrease of -25.77%.
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for MSEX stock is "Sell." The 12-month stock price forecast is $58.5, which is an increase of 6.81% from the latest price.
News
Buy 6 December Dividend Kings But Watch 22 With 'Safer' Dividends
"A Dividend King [is] a stock with 50 or more consecutive years of dividend increases." - suredividend.com. 53 Divided Kings, screened as of December 11, 2024, represented all eleven Morningstar Secto...
Middlesex Water Faces Valuation Pressure: Analyst Flags Slowing Growth And Rising Regulatory Risks
BofA Securities analyst Ross Fowler initiated coverage on Middlesex Water Company MSEX with an Underperform rating and a price forecast of $56.
Middlesex Water Announces Retirement of G. Christian Andreasen, Vice President, Enterprise Engineering
ISELIN, N.J., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (the “Company” or “Middlesex”), (Nasdaq:MSEX), a provider of water and wastewater and related services primarily in New Jersey a...
Middlesex Water Names Gregory Sorensen Vice President and Chief Operating Officer
ISELIN, N.J., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (Nasdaq:MSEX), a provider of water and wastewater and related services primarily in New Jersey and Delaware, today announced tha...
17 Upcoming Dividend Increases
This week, 17 companies with an average dividend increase of 8.3% are highlighted, emphasizing consistent dividend growth and outperforming benchmarks. My investment strategy focuses on buying, holdin...
Middlesex Water Announces Third Quarter 2024 Financial Results
Diluted earnings per share of $0.80 for the quarter, an increase of 42.9% in comparison to the prior year Common dividend increased by 4.62%. ISELIN, N.J.
Middlesex Water Company Increases Common Dividend by 4.62%
ISELIN, N.J., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ: MSEX) announced today that its Board of Directors has declared a quarterly cash dividend of $0.34 per share on its comm...
Middlesex Water to Report 3rd Quarter 2024 Earnings on October 31
ISELIN, N.J., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX), a provider of water, wastewater and related utility services, plans to announce its financial results for the thi...
Buy 7 October Dividend Kings, Watch 10 More
A Dividend King is a stock with 50 or more consecutive years of dividend increases per suredividend.com. The 53 Dividend Kings, screened as of October 8, represented 8 of 11 Morningstar Sectors. Broke...
Middlesex Water Company Announces Retirement of Bernadette Sohler, VP of Corporate Affairs
ISELIN, N.J., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (the “Company” or “Middlesex”), (Nasdaq:MSEX), a provider of water and wastewater and related services primarily in New Jersey a...
Middlesex Water Named a Finalist in the PR Daily Awards
ISELIN, N.J., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX), a provider of water, wastewater and related utility services, is pleased to announce it has been named a finalist...
Middlesex Water Vice President G. Christian Andreasen to Participate in Upcoming Gabelli Funds PFAS Symposium
ISELIN, N.J., Sept. 20, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) has announced that its Vice President of Enterprise Engineering, G.
Middlesex Water Company CEO Nadine Leslie and CFO Rally Zerhouni to Participate in Janney Virtual Water Utilities Conference
ISELIN, N.J., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (the “Company” or “Middlesex Water”) has announced that its President and Chief Executive Officer, Nadine Leslie, and Senior Vi...
Buy 7 September Dividend Kings, Watch 9 More
"What is a Dividend King? A stock with 50 or more consecutive years of dividend increases.” - suredividend.com. The 53 Dividend Kings, screened as of Sept. 10, represented eight of 11 Morningstar Sect...
Middlesex Water General Counsel, Jay L. Kooper, Named a 2024 New Jersey Legal Awards Finalist
ISELIN, N.J., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX), a provider of water, wastewater and related utility services, is pleased to announce that its Vice President, Ge...
Tidewater Utilities Files for Rate Adjustment
DOVER, Del., Aug. 30, 2024 (GLOBE NEWSWIRE) -- Tidewater Utilities, Inc. (“Tidewater” or the “Company”), a wholly owned subsidiary of Middlesex Water Company (Nasdaq:MSEX) filed a request today with t...
53 August Dividend Kings: Buy 7, Watch 9 More
“What is a Dividend King? A stock with 50 or more consecutive years of dividend increases.”—suredividend.com. The 53 Dividend Kings, screened as of August 6, represented 8 of 11 Morningstar Sectors. B...
Middlesex Water Announces Second Quarter 2024 Results
Second Quarter 2024 Net Income was $10.5 million, as compared to $9.9 million in 2023, an increase of 6.5%. Second Quarter 2024 Revenues were $49.1 million, as compared to $42.8 million in 2023, an in...
Middlesex Water Company Declares Quarterly Cash Dividend
ISELIN, N.J., July 24, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) has announced that its Board of Directors has declared a cash dividend of $0.325 per share on its common stock, pa...
53 July Dividend Kings: Buy 8, Watch 8 More
"What is a Dividend King? A stock with 50 or more consecutive years of dividend increases."—suredividend.com. The 53 Dividend Kings, screened as of July 8, represented 8 of 11 Morningstar Sectors. Bro...
Middlesex Water Company Names New Chief Financial Officer
ISELIN, N.J., June 10, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ: MSEX) has named Mohammed G.
Middlesex Water Company Unveils $9.7 Million Initiative to Enhance Water Infrastructure in Woodbridge
ISELIN, N.J., June 06, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (Middlesex) is launching a $9.7 million project to upgrade Woodbridge, New Jersey's drinking water infrastructure.
Middlesex Water Chairman, Dennis Doll, Honored with NJUA Distinguished Service Award
ISELIN, N.J., May 30, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX), a provider of water, wastewater and related utility services, is pleased to announce that its Chairman of the Boar...
Middlesex Water Holds Annual Shareholders Meeting
ISELIN, N.J., May 22, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX), a provider of water and wastewater and related services held its Annual Meeting of Shareholders exclusively online...
Middlesex Water Announces First Quarter 2024 Results
HIGHLIGHTS First Quarter 2024 Net Income was $10.7 million, as compared to $5.9 million in 2023, an increase of 82.1% First Quarter 2024 Diluted Earnings Per Share were $0.59, as compared to $0.33 in ...