Middlesex Water Company (MSEX)

NASDAQ: MSEX · IEX Real-Time Price · USD
89.05
0.61 (0.69%)
May 19, 2022 4:00 PM EDT - Market closed
Market Cap1.56B
Revenue (ttm)146.80M
Net Income (ttm)41.62M
Shares Out17.56M
EPS (ttm)2.37
PE Ratio37.65
Forward PE34.36
Dividend$1.43 (1.61%)
Ex-Dividend DateMay 12, 2022
Volume116,950
Open88.42
Previous Close88.44
Day's Range87.13 - 89.67
52-Week Range80.00 - 121.43
Beta0.57
AnalystsBuy
Price Target103.02 (+15.7%)
Earnings DateMay 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...

IndustryWater Utilities
Founded1897
Employees347
Stock ExchangeNASDAQ
Ticker SymbolMSEX
Full Company Profile

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 Statements

Analyst 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.

Price Target
$103.02
(15.69% upside)
Analyst Consensus: Buy
Stock Forecasts

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...

2 weeks ago - GlobeNewsWire

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...

Other symbols:AWKWTRG
2 weeks ago - Zacks Investment Research

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?

2 weeks ago - Zacks Investment Research

Middlesex Water Reports First Quarter 2022 Earnings

Highlights

2 weeks ago - GlobeNewsWire

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...

3 weeks ago - GlobeNewsWire

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...

4 weeks ago - GlobeNewsWire

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.

Other symbols:ATCXCMCHEESSTLD
4 weeks ago - Zacks Investment Research

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.

1 month ago - Zacks Investment Research

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...

2 months ago - GlobeNewsWire

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?

2 months ago - Zacks Investment Research

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, ...

2 months ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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.

3 months ago - Zacks Investment Research

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...

3 months ago - GlobeNewsWire

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...

3 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

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...

6 months ago - GlobeNewsWire

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?

6 months ago - Zacks Investment Research

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...

6 months ago - GlobeNewsWire

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.

6 months ago - Zacks Investment Research

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 ...

6 months ago - GlobeNewsWire

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...

7 months ago - GlobeNewsWire

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.

Other symbols:AWRCWT
8 months ago - Zacks Investment Research

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...

8 months ago - GlobeNewsWire