Middlesex Water Company (MSEX)

NASDAQ: MSEX · IEX Real-Time Price · USD
48.02
+0.02 (0.04%)
Apr 22, 2024, 4:00 PM EDT - Market closed
0.04%
Market Cap 855.80M
Revenue (ttm) 166.27M
Net Income (ttm) 31.40M
Shares Out 17.82M
EPS (ttm) 1.76
PE Ratio 27.28
Forward PE 20.88
Dividend $1.30 (2.71%)
Ex-Dividend Date Feb 14, 2024
Volume 91,708
Open 47.93
Previous Close 48.00
Day's Range 47.40 - 48.51
52-Week Range 45.42 - 84.38
Beta 0.74
Analysts Buy
Price Target 59.00 (+22.87%)
Earnings Date May 3, 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]

Sector Utilities
Founded 1897
Employees 355
Stock Exchange NASDAQ
Ticker Symbol MSEX
Full Company Profile

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 Statements

Analyst Forecast

According to one analyst, the rating for MSEX stock is "Buy" and the 12-month stock price forecast is $59.0.

Price Target
$59.0
(22.87% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

7 days ago - GlobeNewsWire

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...

11 days ago - GlobeNewsWire

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...

4 weeks ago - GlobeNewsWire

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.

7 weeks ago - GlobeNewsWire

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, ...

3 months ago - GlobeNewsWire

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.

3 months ago - GlobeNewsWire

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.

Other symbols: PNM
3 months ago - Benzinga

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 $...

4 months ago - GlobeNewsWire

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.

4 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

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 ...

6 months ago - GlobeNewsWire

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, ...

6 months ago - GlobeNewsWire

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.

Other symbols: ATOBKHUTL
7 months ago - Benzinga

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.

Other symbols: AESPCYO
7 months ago - Benzinga

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...

9 months ago - GlobeNewsWire

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...

9 months ago - GlobeNewsWire

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...

9 months ago - GlobeNewsWire

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 ...

10 months ago - GlobeNewsWire

Middlesex Water Company Drinking Water Quality Reports Now Available

ISELIN, N.J., July 06, 2023 (GLOBE NEWSWIRE) -- Annual Drinking Water Quality Reports are now available for Middlesex Water Company and its subsidiaries including Tidewater Utilities, Pinelands Water ...

10 months ago - GlobeNewsWire

Middlesex Water Reports Voting Results From Its 2023 Annual Shareholders Meeting

ISELIN, N.J., May 24, 2023 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX), a provider of water and wastewater and related services held its Annual Meeting of Shareholders exclusively online...

11 months ago - GlobeNewsWire

Middlesex Water Company President and CEO Announces Retirement

ISELIN, N.J., May 16, 2023 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) President and Chief Executive Officer, Dennis W.

1 year ago - GlobeNewsWire

Middlesex Water Files for Rate Adjustment

ISELIN, N.J., May 15, 2023 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) (Middlesex or the Company) today filed a petition with the New Jersey Board of Public Utilities (NJBPU) requesting ...

1 year ago - GlobeNewsWire

Middlesex Water Reports First Quarter 2023 Earnings

ISELIN, N.J., May 01, 2023 (GLOBE NEWSWIRE) -- Middlesex Water Company (“Middlesex” or the “Company”) (NASDAQ:MSEX) a provider of water and wastewater services, today reported first quarter financial ...

1 year ago - GlobeNewsWire

Middlesex Water Company Declares Quarterly Cash Dividend, Announces Annual Meeting of Shareholders

ISELIN, N.J., April 28, 2023 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) announced today that its Board of Directors has declared a cash dividend of $0.3125 per share on its common stock...

1 year ago - GlobeNewsWire