Middlesex Water (MSEX) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Middlesex Water in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MSEX shares.
View MSEX analyst ratings or view top-rated stocks.

2 equities research analysts have issued 1-year target prices for Middlesex Water's shares. Their MSEX share price forecasts range from $85.00 to $85.00. On average, they predict the company's share price to reach $85.00 in the next year. This suggests a possible upside of 6.5% from the stock's current price.
View analysts price targets for MSEX or view top-rated stocks among Wall Street analysts.

Middlesex Water's stock was trading at $78.67 at the beginning of the year. Since then, MSEX stock has increased by 1.4% and is now trading at $79.78.
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The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023.
View our MSEX earnings forecast.

Middlesex Water (NASDAQ:MSEX) posted its quarterly earnings results on Thursday, October, 28th. The utilities provider reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.80 by $0.15. The utilities provider had revenue of $39.87 million for the quarter, compared to analyst estimates of $41 million. Middlesex Water had a trailing twelve-month return on equity of 9.12% and a net margin of 22.02%.

Middlesex Water announced a quarterly dividend on Friday, April 28th. Stockholders of record on Friday, May 12th will be paid a dividend of $0.313 per share on Thursday, June 1st. This represents a $1.25 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Thursday, May 11th.
Read our dividend analysis for MSEX.

ETFs with the largest weight of Middlesex Water (NASDAQ:MSEX) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), Invesco DWA Utilities Momentum ETF (PUI), ProShares Russell US Dividend Growers ETF (TMDV), First Trust Water ETF (FIW), ProShares Russell 2000 Dividend Growers ETF (SMDV), Invesco Water Resources ETF (PHO), First Trust NASDAQ BuyWrite Income ETF (FTQI) and Invesco S&P Global Water Index ETF (CGW).

Middlesex Water (NASDAQ:MSEX) pays an annual dividend of $1.25 per share and currently has a dividend yield of 1.56%. The company has been increasing its dividend for 27 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 61.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MSEX will have a dividend payout ratio of 50.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MSEX.

5 employees have rated Middlesex Water Chief Executive Officer Dennis W. Doll on Glassdoor.com. Dennis W. Doll has an approval rating of 82% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Middlesex Water investors own include Pfizer (PFE), Realty Income (O), Southern (SO), AT&T (T), AbbVie (ABBV), Consolidated Edison (ED), Gilead Sciences (GILD), Medtronic (MDT), Visa (V) and Enterprise Products Partners (EPD).

Middlesex Water trades on the NASDAQ under the ticker symbol "MSEX."

Middlesex Water's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.50%), Pictet Asset Management SA (4.29%), State Street Corp (3.63%), Dimensional Fund Advisors LP (2.59%), Geode Capital Management LLC (1.93%) and KBC Group NV (1.21%). Insiders that own company stock include A Bruce Oconnor, Bernadette M Sohler, Dennis W Doll, G Christian Jr Andreasen, Kim C Hanemann, Lorrie Beth Ginegaw, Robert K Fullagar, Walter G Reinhard and Walter G Reinhard.
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Shares of MSEX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MSEX stock can currently be purchased for approximately $79.78.

Middlesex Water (NASDAQ:MSEX) has a market capitalization of $1.41 billion and generates $162.43 million in revenue each year. The utilities provider earns $42.43 million in net income (profit) each year or $2.03 on an earnings per share basis.

The company employs 347 workers across the globe.

Middlesex Water's mailing address is 485C ROUTE 1 SOUTH, ISELIN NJ, 08830. The official website for the company is www.middlesexwater.com. The utilities provider can be reached via phone at (732) 634-1500, via email at bsohler@middlesexwater.com, or via fax at 732-638-7515.