Middlesex Water Company (MSEX)
Market Cap | 1.32B |
Revenue (ttm) | 162.43M |
Net Income (ttm) | 42.31M |
Shares Out | 17.64M |
EPS (ttm) | 2.39 |
PE Ratio | 31.37 |
Forward PE | 38.17 |
Dividend | $1.21 (1.61%) |
Ex-Dividend Date | Feb 13, 2023 |
Volume | 126,493 |
Open | 76.80 |
Previous Close | 76.39 |
Day's Range | 73.93 - 77.10 |
52-Week Range | 72.64 - 109.51 |
Beta | 0.75 |
Analysts | Buy |
Price Target | 92.31 (+23.11%) |
Earnings Date | May 5, 2023 |
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... [Read more]
Financial Performance
In 2022, MSEX's revenue was $162.43 million, an increase of 13.48% compared to the previous year's $143.14 million. Earnings were $42.31 million, an increase of 16.16%.
Financial StatementsAnalyst Forecast
According to 8 analysts, the average rating for MSEX stock is "Buy." The 12-month stock price forecast is $92.31, which is an increase of 23.11% from the latest price.
News

The 7 Best Water Utility Stocks to Buy for Portfolio Diversification
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Middlesex Water (MSEX) Q4 Earnings & Revenues Miss Estimates
Middlesex Water Company's (MSEX) fourth-quarter earnings and revenues miss estimates. The company's long-term debt decreases year over year.

Middlesex Water (MSEX) Lags Q4 Earnings and Revenue Estimates
Middlesex Water (MSEX) delivered earnings and revenue surprises of -18.37% and 0.45%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Middlesex Water Announces 2022 Year End Results
ISELIN, N.J., Feb. 24, 2023 (GLOBE NEWSWIRE) -- Middlesex Water Company (“Middlesex” or the “Company”) (NASDAQ:MSEX) today announced financial results for the year ended December 31, 2022.

Middlesex Water Company Announces Discount on Investment Plan Common Stock Purchases
ISELIN, N.J., Feb. 08, 2023 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) today announced a discount on purchases of its Common Stock purchased through the Company's Investment Plan (the “...

Middlesex Water Company Declares Quarterly Cash Dividend
ISELIN, N.J., Feb. 03, 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,...

Middlesex Water To Participate in Bank of America Securities Virtual Water Conference
ISELIN, N.J., Dec. 05, 2022 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) will participate in the Bank of America Securities 2022 Virtual Water Conference on Tuesday December 6, 2022 at 2:...

Tidewater Utilities Presents Golf Outing Proceeds to Food Bank of Delaware
DOVER, Del., Nov. 07, 2022 (GLOBE NEWSWIRE) -- Tidewater Utilities, Inc. (Tidewater), a water service provider and a wholly-owned subsidiary of Middlesex Water Company (NASDAQ:MSEX) recently presented...

Middlesex Water (MSEX) Q3 Earnings Lag Estimates
Middlesex Water (MSEX) delivered earnings and revenue surprises of -9.09% and 1.56%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Middlesex Water Announces Financial Results For Third Quarter 2022
ISELIN, N.J., Oct. 28, 2022 (GLOBE NEWSWIRE) -- Middlesex Water Company (“Middlesex” or the “Company”) (NASDAQ:MSEX) a provider of water and wastewater services, today reported third quarter diluted...

Watch These 5 Stocks That Recently Hiked Their Dividend
Five stocks that have recently hiked their dividend are: HUBB, MSEX, MWA, V and ROL.

CORRECTION -- Middlesex Water Company Increases Common Dividend by 7.76%
ISELIN, N.J., Oct. 24, 2022 (GLOBE NEWSWIRE) -- In a release issued on Oct. 21, 2022, by Middlesex Water Company (NASDAQ:MSEX), please note that the declared dividend increase is of 7.76% whereas the ...

Middlesex Water Company Increases Common Dividend by 7.6%
ISELIN, N.J., Oct. 21, 2022 (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,...

Middlesex Water Company Dedicates New Ozone Plant
Observes 125th Year in Business Observes 125th Year in Business

Middlesex Water to Participate in Janney Virtual Water Utilities Conference
ISELIN, N.J., Sept. 13, 2022 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) has announced that its Chairman, President and CEO Dennis W. Doll and Corporate Controller Robert J. Capko will b...

Middlesex Water (MSEX) Arm Gets Water & Sewer Management Deal
Middlesex Water (MSEX) unit receives a 10-year contract to look after the Borough of Avalon NJ's Water, Wastewater and Stormwater Systems.

Middlesex Water Company Subsidiary Awarded Contract to Manage Avalon Water, Wastewater and Stormwater Systems
ISELIN, N.J., Aug. 17, 2022 (GLOBE NEWSWIRE) -- Middlesex Water Company's subsidiary, Utility Service Affiliates, Inc. (USA) has been awarded a 10-year management contract with the Borough of Avalon, ...

Middlesex Water (MSEX) Q2 Earnings and Revenues Lag Estimates
Middlesex Water (MSEX) delivered earnings and revenue surprises of -34.21% and 3.21%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Middlesex Water Reports Second Quarter 2022 Earnings
ISELIN, N.J., July 29, 2022 (GLOBE NEWSWIRE) -- Middlesex Water Company (“Middlesex” or the “Company”) (NASDAQ:MSEX) a provider of water and wastewater services, today reported second quarter financia...

Middlesex Water Declares Dividend
ISELIN, N.J., July 22, 2022 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) announced that its Board of Directors has declared a cash dividend of $0.29 per share on its common stock payable ...

Middlesex Water Company Hosts Annual Meeting of Shareholders
ISELIN, N.J., May 25, 2022 (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 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 N...

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 s...

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?