Middlesex Water Company (MSEX)
| Market Cap | 1.85B |
| Revenue (ttm) | 143.79M |
| Net Income (ttm) | 38.75M |
| Shares Out | 17.49M |
| EPS (ttm) | 2.21 |
| PE Ratio | 47.91 |
| Forward PE | 43.29 |
| Dividend | $1.07 (1.02%) |
| Ex-Dividend Date | Aug 12, 2021 |
| Volume | 534,835 |
| Open | 107.75 |
| Previous Close | 107.11 |
| Day's Range | 105.23 - 109.93 |
| 52-Week Range | 58.83 - 116.40 |
| Beta | 0.29 |
| Analysts | Strong Buy |
| Price Target | 97.50 (-7.8%) |
| Est. Earnings Date | Oct 28, 2021 |
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 in parts of New Jersey, Delaware, and Pennsylvania. This segment also includes regulated wastewater systems in New Jersey and Delaware. The Non-Regulated segment provides non-regulated contract services for the operation and maintenance o...
Financial Performance
In 2020, MSEX's revenue was $141.59 million, an increase of 5.20% compared to the previous year's $134.60 million. Earnings were $38.43 million, an increase of 13.39%.
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for MSEX stock is "Strong Buy." The 12-month stock price forecast is 97.50, which is a decrease of -7.79% from the latest price.
News
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...
Markets Brace for a Bumpy Ride Ahead: 5 Defensive Stocks to Buy
As economic growth worries grip investors, it's prudent to invest in safe defensive stocks like Otter Tail (OTTR), Pilgrims Pride (PPC) & MYR Group (MYRG) for better returns.
Middlesex Water (MSEX) to Sell its Unit to Artesian for $6.4M
Middlesex Water (MSEX) decides to sell the wastewater utility business for $6.4 million to a subsidiary of Artesian Resources.
Middlesex Water Announces Subsidiary Sale
ISELIN, N.J., Aug. 30, 2021 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) today announced it has agreed to sell its regulated Delaware wastewater utility business to Artesian Wastewater Mana...
AWR or CWT: Which Water Utility Stock to Add to Your Portfolio?
At present, Middlesex Water (MSEX) is a better water utility than California Water Service (CWT), given its better earnings estimate revision and strong price performance.
4 Water Utility Stocks to Watch in a Flourishing Industry
Water Utility companies like AWK, WTRG, CWT, and MSEX are poised to benefit from stable demand for water and wastewater services across the United States. Their systematic investments will enable them t...
Fretting Over S&P 500's Worst Day in a Month? Here're 5 Safe Stocks
Invest in safe bets like Middlesex Water (MSEX) & Albertsons (ACI) as the delta variant, dip in retail numbers, sluggish China's economy and tensions in Afghanistan threaten to impact the stock market.
Here's Why Middlesex Water (MSEX) is a Great Momentum Stock to Buy
Does Middlesex Water (MSEX) have what it takes to be a top stock pick for momentum investors? Let's find out.
4 Ultra-Safe Stocks to Buy on Rising Delta Variant Concerns
Invest in ultra-safe stocks like J & J Snack Foods (JJSF) & Middlesex Water (MSEX) as the continuous spread of the delta variant dampened enthusiasm surrounding economic recovery.
Reasons to Add Middlesex Water (MSEX) to Your Portfolio Now
Middlesex Water (MSEX) makes a strong case for investment as it continues to benefit from customer additions and regular capital investments.
Middlesex Water Stock Investment Plan Announces Purchase Discount
ISELIN, N.J., Aug. 03, 2021 (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 “Pl...
Middlesex Water (MSEX) Q2 Earnings and Revenues Top Estimates
Middlesex Water (MSEX) delivered earnings and revenue surprises of 5.08% and 1.95%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
Recap: Middlesex Water Q2 Earnings
Shares of Middlesex Water (NASDAQ:MSEX) moved higher by 0.5% in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share were up 12.73% over the past year to $0.6...
Middlesex Water Announces Second Quarter Financial Results
Second Quarter Highlights
Middlesex Water (MSEX) Earnings Expected to Grow: Should You Buy?
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 Declares Quarterly Cash Dividend
ISELIN, N.J., July 23, 2021 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) announced that its Board of Directors yesterday declared a cash dividend of $0.2725 per share on its common stock pa...
Middlesex Water Company Names Vaughn L. McKoy to Board of Directors
ISELIN, N.J., July 15, 2021 (GLOBE NEWSWIRE) -- Middlesex Water Company, (“Middlesex” or the “Company”) (NASDAQ:MSEX) has named Vaughn L. McKoy, Esq., JD, MBA to its Board of Directors.
Middlesex Water (MSEX) Surges 13.7%: Is This an Indication of Further Gains?
Middlesex Water (MSEX) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increa...
Why Middlesex Water Shares Are Trading Higher Today
Middlesex Water Company (NASDAQ:MSEX) shares are trading higher by 13% at $96.41 Tuesday afternoon after it was announced the company is set to join the S&P 600 (NASDAQ:IJR). Middlesex Water Company own...
New Strong Sell Stocks for June 30th
CLPR, HEXO, JRSH, MSEX and PDCO have been added to the Zacks Rank #5 (Strong Sell) List on June 30, 2021.
Middlesex Water Company Hosts Annual Meeting of Shareholders
ISELIN, N.J., May 27, 2021 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX), a provider of water and wastewater and related services held its Annual Meeting of Shareholders exclusively online o...
Middlesex Water (MSEX) Rate Hike Filing to Recoup Investment
Middlesex Water (MSEX) applies for a rate hike at New Jersey's Board of Public Utilities. The revision will help revive investments and realize further plans.
Middlesex Water Company Files for Rate Adjustment
Company Seeks Recovery for Critical Infrastructure Upgrades Company Seeks Recovery for Critical Infrastructure Upgrades
Middlesex Water (MSEX) Q1 Earnings and Revenues Miss Estimates
Middlesex Water (MSEX) delivered earnings and revenue surprises of -15.22% and -1.39%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?