Middlesex Water Company (MSEX)
| Market Cap | 1.56B |
| Revenue (ttm) | 146.80M |
| Net Income (ttm) | 41.62M |
| Shares Out | 17.56M |
| EPS (ttm) | 2.37 |
| PE Ratio | 37.65 |
| Forward PE | 34.36 |
| Dividend | $1.43 (1.61%) |
| Ex-Dividend Date | May 12, 2022 |
| Volume | 116,950 |
| Open | 88.42 |
| Previous Close | 88.44 |
| Day's Range | 87.13 - 89.67 |
| 52-Week Range | 80.00 - 121.43 |
| Beta | 0.57 |
| Analysts | Buy |
| Price Target | 103.02 (+15.7%) |
| Earnings Date | May 4, 2022 |
About MSEX
Middlesex Water Company owns and operates regulated water utility and wastewater systems. It operates in two segments, Regulated and Non-Regulated. 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 Ne...
Financial Performance
In 2021, MSEX's revenue was $143.14 million, an increase of 1.09% compared to the previous year's $141.59 million. Earnings were $36.54 million, a decrease of -4.90%.
Financial StatementsAnalyst Forecast
According to 9 analysts, the average rating for MSEX stock is "Buy." The 12-month stock price forecast is 103.02, which is an increase of 15.69% from the latest price.
News
Middlesex Water Company Takes Further Action to Protect Customers; Impleads 3M into Class Action Lawsuit
ISELIN, N.J., May 04, 2022 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ: MSEX) today impleaded 3M Company as a third-party defendant in a current class action lawsuit in the Superior Court of New...
3 Water Utility Stocks to Bet on Despite Industry Challenges
Water Utility companies like AWK, WTRG, and MSEX are poised to benefit from stable demand for water and wastewater services across the United States. Their systematic investments will enable them to ser...
Middlesex Water (MSEX) Beats Q1 Earnings and Revenue Estimates
Middlesex Water (MSEX) delivered earnings and revenue surprises of 36% and 0.54%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
Middlesex Water Declares Dividend, Announces Annual Meeting
ISELIN, N.J., April 22, 2022 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) announced today that its Board of Directors has declared a cash dividend of $0.29 per share on its common stock pay...
Tidewater Adopts Connection Control Regulations for Drinking Water Safety
DOVER, Del., April 21, 2022 (GLOBE NEWSWIRE) -- Tidewater Utilities, Inc. (Tidewater) has adopted a water piping cross-connection control program designed to comply with new regulations issued by the St...
U.S. Infrastructure Spending Likely to Drive Markets: 5 Picks
We have narrowed our search to five stocks that are likely to gain from the Biden administration's infrastructure development legislation. These are: CMC, STLD, ATCX, HEES and MSEX.
Reasons to Add Middlesex Water (MSEX) to Your Portfolio Now
Middlesex Water (MSEX) makes a strong case for investment with its steadily rising earnings estimates and regular capital investments that are aimed at strengthening its infrastructure.
Middlesex Water Company To Invest $7.9 Million in Woodbridge Drinking Water Infrastructure in 2022
ISELIN, N.J., March 15, 2022 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) has announced that beginning in March 2022, it will be investing $7.9 million to upgrade drinking water infrastruct...
Middlesex Water (MSEX) Lags Q4 Earnings and Revenue Estimates
Middlesex Water (MSEX) delivered earnings and revenue surprises of -16.33% and 5.49%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
Middlesex Water Announces 2021 Fourth Quarter and Year End Results
ISELIN, N.J., Feb. 25, 2022 (GLOBE NEWSWIRE) -- Middlesex Water Company (“Middlesex” or the “Company”) (NASDAQ:MSEX) today announced financial results for the fourth quarter and year ended December 31, ...
Tidewater Utilities, Inc. Charity Outing Raises More Than $31,000 for The Food Bank of Delaware
DOVER, Del., Feb. 22, 2022 (GLOBE NEWSWIRE) -- Tidewater Utilities, Inc. (Tidewater), a water service provider and a wholly-owned subsidiary of Middlesex Water Company (NASDAQ:MSEX) recently presented a...
Middlesex Water (MSEX) Earnings Expected to Grow: What to Know Ahead of Q4 Release
Middlesex Water (MSEX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Middlesex Water Company Announces Lead Service Line Replacement Program
ISELIN, N.J., Feb. 14, 2022 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) is joining in a statewide lead service line replacement initiative aimed at reducing lead exposure to New Jersey res...
Middlesex Water Company Declares Quarterly Cash Dividend
ISELIN, N.J., Jan. 27, 2022 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) announced today that its Board of Directors has declared a cash dividend of $0.29 per share on its common stock, pay...
Middlesex Water Removes PFOA Impacted Wells from Service
ISELIN, N.J., Dec. 16, 2021 (GLOBE NEWSWIRE) -- Middlesex Water Company today announced that it has implemented an interim plan that can produce additional water from its primary surface water treatment...
Middlesex Water to Present at Bank of America 2021 Water Conference
ISELIN, N.J., Dec. 02, 2021 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) will participate in the Bank of America Securities 2021 Virtual Water Conference on Monday, December 6, 2021. Chairm...
Correction Notice in Press Release: Middlesex Water Announces Third Quarter Financial Results
ISELIN, N.J., Nov. 10, 2021 (GLOBE NEWSWIRE) -- Middlesex Water Company (“Middlesex” or the “Company”) (NASDAQ:MSEX) a provider of water and wastewater services, today announced a correction to its pres...
Middlesex Water (MSEX) Q3 Earnings and Revenues Lag Estimates
Middlesex Water (MSEX) delivered earnings and revenue surprises of -16.67% and -2.75%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
Middlesex Water Announces Third Quarter Financial Results
ISELIN, N.J., Oct. 29, 2021 (GLOBE NEWSWIRE) -- Middlesex Water Company (“Middlesex” or the “Company”) (NASDAQ:MSEX) a provider of water and wastewater services, today reported third quarter diluted ear...
Middlesex Water (MSEX) to Report Q3 Results: Wall Street Expects Earnings Growth
Middlesex Water (MSEX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Middlesex Water Company Increases Common Dividend by 6.4%
ISELIN, N.J., Oct. 20, 2021 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) announced today that its Board of Directors has declared a cash dividend of $0.29 per share on its common stock, an ...
Middlesex Water Company Issues Corporate Sustainability Report
ISELIN, N.J., Oct. 15, 2021 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX), a provider of regulated and unregulated water and wastewater utility services in New Jersey and Delaware, today ann...
3 Water Utilities to Buy That Outperformed Industry YTD
Nonstop services amid the pandemic and investments to retain infrastructure lead utilities like California Water (CWT), Middlesex Water (MSEX) and American States (AWR) to outperform the industry.
Middlesex Water CEO Dennis Doll to Participate in Janney Virtual Water Utilities Conference
ISELIN, N.J., Sept. 09, 2021 (GLOBE NEWSWIRE) -- Middlesex Water Company has announced that its Chairman, President and CEO Dennis Doll will be participating in a Virtual Water Utilities Conference host...