Middlesex Water Company (MSEX)
Market Cap | 1.10B |
Revenue (ttm) | 168.64M |
Net Income (ttm) | 36.22M |
Shares Out | 17.83M |
EPS (ttm) | 2.02 |
PE Ratio | 30.66 |
Forward PE | 26.98 |
Dividend | $1.30 (2.10%) |
Ex-Dividend Date | May 14, 2024 |
Volume | 108,000 |
Open | 61.34 |
Previous Close | 61.52 |
Day's Range | 60.65 - 62.37 |
52-Week Range | 45.42 - 84.35 |
Beta | 0.79 |
Analysts | Buy |
Price Target | 58.00 (-6.35%) |
Earnings Date | Jul 30, 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, MSEX'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 one analyst, the rating for MSEX stock is "Buy" and the 12-month stock price forecast is $58.0.
News
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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.
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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.
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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...
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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...
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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 ...
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Middlesex Water Company Declares Quarterly Cash Dividend
ISELIN, N.J., April 25, 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, p...
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Tidewater Utilities Announces Strategy for Compliance With New EPA PFAS Regulation
DOVER, Del., April 15, 2024 (GLOBE NEWSWIRE) -- Tidewater Utilities, Inc., (Tidewater) a wholly owned subsidiary of Middlesex Water Company (NASDAQ: MSEX), is prepared to comply with the United States...
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Middlesex Water Has Implemented Its Strategy for Compliance With New More Stringent Federal Regulations for PFAS
ISELIN, N.J., April 11, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ: MSEX), in line with its ongoing commitment to delivering safe, clean and reliable water services, is well positioned t...
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Jay L. Kooper, Middlesex Water Company's General Counsel, Named a Leader in Law by NJBIZ
ISELIN, N.J., March 25, 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...
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Middlesex Water Announces 2023 Year End Results
ISELIN, N.J., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (“Middlesex” or the “Company”) (NASDAQ:MSEX) today announced financial results for the year ended December 31, 2023.
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Middlesex Water Company Declares Quarterly Cash Dividend
ISELIN, N.J., Jan. 29, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) announced today that its Board of Directors has declared a cash dividend of $0.325 per share on its common stock, ...
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Middlesex Water Company Names New President & CEO
ISELIN, N.J. , Jan. 23, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ: MSEX) has named Nadine Leslie as its new President & CEO effective March 1, 2024.
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Top 2 Utilities Stocks That Could Blast Off In January - Middlesex Water (NASDAQ:MSEX), PNM Resources (NYSE:PNM)
The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.
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Tidewater Presents Charity Outing Proceeds to Food Bank of Delaware
DOVER, Del., Dec. 20, 2023 (GLOBE NEWSWIRE) -- Tidewater Utilities, Inc. (Tidewater), a water service provider and a wholly-owned subsidiary of Middlesex Water Company recently presented a check for $...
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Tidewater Utilities Announces Promotion
DOVER, Del., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Tidew a ter Utilities, Inc., (Tidewater) a wholly owned subsidiary of Middlese x Water Company (NASDAQ: MSEX) has promoted John W.
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Middlesex Water Company Earns Governance, Infrastructure Honors
ISELIN, N.J., Nov. 15, 2023 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ: MSEX), a leading provider of water, wastewater and related services, announced it was selected the Winner by an indepen...
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Middlesex Water Announces Third Quarter 2023 Financial Results
ISELIN, N.J., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Middlesex Water Company (“Middlesex” or the “Company”) (NASDAQ:MSEX) a provider of water and wastewater services, today announced third quarter financia...
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Middlesex Water Company Named a Corporate Governance Award Finalist
ISELIN, N.J., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ: MSEX), a leading provider of water and wastewater services, is proud to announce that it has been named a finalist for ...
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Middlesex Water Company Increases Common Dividend by 4.0%
ISELIN, N.J., Oct. 20, 2023 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) announced today that its Board of Directors has declared a cash dividend of $0.325 per share on its common stock, ...
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Top 4 Utilities Stocks You'll Regret Missing This Quarter
The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.
![](https://cdn.snapi.dev/images/v1/i/i/image36-2061486.jpeg)
Top 3 Utilities Stocks That May Explode This Quarter - Middlesex Water (NASDAQ:MSEX), AES (NYSE:AES)
The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.
![](https://cdn.snapi.dev/images/v1/s/q/press13-2012901.jpg)
Middlesex Water CEO Dennis Doll Honored with NJBIZ Icon Award
ISELIN, N.J., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Dennis W. Doll, Chairman, President and CEO of the Iselin-based Middlesex Water Company was honored with an NJBIZ 2023 Icon Award during a ceremony held...
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Middlesex Water Announces Second Quarter 2023 Financial Results
ISELIN, N.J., July 28, 2023 (GLOBE NEWSWIRE) -- Middlesex Water Company (“Middlesex” or the “Company”) (NASDAQ:MSEX) a provider of water and wastewater services, today announced second quarter financi...
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Middlesex Water $52 Million Plant to Treat Ground Water for PFAS Compounds Now in Service
ISELIN, N.J., July 25, 2023 (GLOBE NEWSWIRE) -- Middlesex Water Company has announced that construction of an upgraded treatment plant at its Park Avenue wellfield in South Plainfield, New Jersey to t...
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Middlesex Water Company Announces New Customer Service Appointment and Department Promotions
ISELIN, N.J., July 11, 2023 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) recently announced staff changes in its Customer Service Department reflecting its ongoing commitment to superior ...