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...

• Industry: Utilities - Regulated Water
• Sector: Utilities
• Founded: 1897
• Employees: 347
• Stock Exchange: NASDAQ
• Ticker Symbol: MSEX

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%.

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