Middlesex Water Company (MSEX)

Market Cap	855.44M
Revenue (ttm)	166.27M
Net Income (ttm)	31.40M
Shares Out	17.82M
EPS (ttm)	1.76
PE Ratio	27.27
Forward PE	20.87
Dividend	$1.30 (2.71%)
Ex-Dividend Date	Feb 14, 2024

Volume	214,748
Open	46.56
Previous Close	46.64
Day's Range	46.30 - 48.03
52-Week Range	45.42 - 84.38
Beta	0.74
Analysts	Buy
Price Target	59.00 (+22.92%)
Earnings Date	May 3, 2024

About MSEX

Middlesex Water Company owns and operates regulated water utility and wastewater systems. It operates in Regulated and Non-Regulated segments. 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 New Jer...

• Industry: Utilities - Regulated Water
• Sector: Utilities
• Founded: 1897
• Employees: 355
• Stock Exchange: NASDAQ
• Ticker Symbol: MSEX

Financial Performance

In 2023, MSEX's revenue was $166.27 million, an increase of 2.36% compared to the previous year's $162.43 million. Earnings were $31.40 million, a decrease of -25.77%.

Analyst Forecast

According to one analyst, the rating for MSEX stock is "Buy" and the 12-month stock price forecast is $59.0.

Price Target

$59.0

(22.92% upside)

Analyst Consensus: Buy