Middlesex Water Company (MSEX)

NASDAQ: MSEX · IEX Real-Time Price · USD
74.98
-1.41 (-1.85%)
At close: Mar 21, 2023, 4:00 PM
75.25
+0.27 (0.36%)
After-hours: Mar 21, 2023, 4:25 PM EDT
-1.85%
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]

Sector Utilities
Founded 1897
Employees 347
Stock Exchange NASDAQ
Ticker Symbol MSEX
Full Company Profile

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 Statements

Analyst 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.

Price Target
$92.31
(23.11% upside)
Analyst Consensus: Buy
Stock Forecasts

News

The 7 Best Water Utility Stocks to Buy for Portfolio Diversification

With the recent banking sector headwinds spilling over into other segments of the economy, investors may want to seek opportunities with the best water utility stocks to buy. No, utility firms don't r...

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3 days ago - InvestorPlace

Top 5 Utilities Stocks That Could Blast Off In March - Centrais Eletricas (NYSE:EBR), Kenon Hldgs (NYSE:KEN)

The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.

Other symbols: EBRKENOGEWTRG
2 weeks ago - Benzinga

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.

3 weeks ago - Zacks Investment Research

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?

3 weeks ago - Zacks Investment Research

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.

3 weeks ago - GlobeNewsWire

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 “...

1 month ago - GlobeNewsWire

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,...

1 month ago - GlobeNewsWire

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:...

3 months ago - GlobeNewsWire

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...

4 months ago - GlobeNewsWire

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?

5 months ago - Zacks Investment Research

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...

5 months ago - GlobeNewsWire

Watch These 5 Stocks That Recently Hiked Their Dividend

Five stocks that have recently hiked their dividend are: HUBB, MSEX, MWA, V and ROL.

Other symbols: HUBBMWAROLV
5 months ago - Zacks Investment Research

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 ...

5 months ago - GlobeNewsWire

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,...

5 months ago - GlobeNewsWire

Middlesex Water Company Dedicates New Ozone Plant

Observes 125th Year in Business Observes 125th Year in Business

5 months ago - GlobeNewsWire

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...

6 months ago - GlobeNewsWire

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.

7 months ago - Zacks Investment Research

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, ...

7 months ago - GlobeNewsWire

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?

8 months ago - Zacks Investment Research

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...

8 months ago - GlobeNewsWire

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 ...

8 months ago - GlobeNewsWire

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...

10 months ago - GlobeNewsWire

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...

11 months 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 s...

Other symbols: AWKWTRG
11 months 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?

11 months ago - Zacks Investment Research