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Middlesex Water Company (MSEX)

NASDAQ: MSEX · Delayed Price · USD
105.74 -1.37 (-1.28%)
Sep 17, 2021 4:00 PM EDT - Market closed
Market Cap1.85B
Revenue (ttm)143.79M
Net Income (ttm)38.75M
Shares Out17.49M
EPS (ttm)2.21
PE Ratio47.91
Forward PE43.29
Dividend$1.07 (1.02%)
Ex-Dividend DateAug 12, 2021
Volume534,835
Open107.75
Previous Close107.11
Day's Range105.23 - 109.93
52-Week Range58.83 - 116.40
Beta0.29
AnalystsStrong Buy
Price Target97.50 (-7.8%)
Est. Earnings DateOct 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...

IndustryWater Utilities
Founded1897
Employees348
Stock ExchangeNASDAQ
Ticker SymbolMSEX
Full Company Profile

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 Statements

Analyst 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.

Price Target
$97.50
(-7.79% downside)
Analyst Consensus: Strong Buy

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.

Other symbols:AWRCWT
1 week 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...

1 week ago - GlobeNewsWire

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.

Other symbols:JJSFMYRGOTTRPPC
1 week ago - Zacks Investment Research

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.

2 weeks ago - Zacks Investment Research

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...

2 weeks ago - GlobeNewsWire

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.

Other symbols:CWT
3 weeks ago - Zacks Investment Research

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...

Other symbols:AWKCWTWTRG
1 month ago - Zacks Investment Research

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.

Other symbols:ACICWTIPARJJSF
1 month ago - Zacks Investment Research

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.

1 month ago - Zacks Investment Research

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.

Other symbols:CSVCWTJJSF
1 month ago - Zacks Investment Research

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.

1 month ago - Zacks Investment Research

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...

1 month ago - GlobeNewsWire

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?

1 month ago - Zacks Investment Research

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...

1 month ago - Benzinga

Middlesex Water Announces Second Quarter Financial Results

Second Quarter Highlights

1 month ago - GlobeNewsWire

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.

1 month ago - Zacks Investment Research

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...

1 month ago - GlobeNewsWire

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.

2 months ago - GlobeNewsWire

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...

2 months ago - Zacks Investment Research

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...

2 months ago - Benzinga

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.

Other symbols:CLPRHEXOJRSHPDCO
2 months ago - Zacks Investment Research

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...

3 months ago - GlobeNewsWire

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.

3 months ago - Zacks Investment Research

Middlesex Water Company Files for Rate Adjustment

Company Seeks Recovery for Critical Infrastructure Upgrades Company Seeks Recovery for Critical Infrastructure Upgrades

3 months ago - GlobeNewsWire

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?

4 months ago - Zacks Investment Research