S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
A coffee roastery in Finland has launched an AI-generated blend. The results were surprising
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
New York lawmakers pass $237 billion budget with policies to jump-start housing market
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
A coffee roastery in Finland has launched an AI-generated blend. The results were surprising
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
New York lawmakers pass $237 billion budget with policies to jump-start housing market
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
A coffee roastery in Finland has launched an AI-generated blend. The results were surprising
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
New York lawmakers pass $237 billion budget with policies to jump-start housing market
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
A coffee roastery in Finland has launched an AI-generated blend. The results were surprising
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
New York lawmakers pass $237 billion budget with policies to jump-start housing market
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
NASDAQ:MSEX

Middlesex Water (MSEX) Stock Price, News & Analysis

$48.00
+1.36 (+2.92%)
(As of 04/19/2024 ET)
Today's Range
$46.30
$48.03
50-Day Range
$45.84
$57.58
52-Week Range
$45.42
$84.38
Volume
227,370 shs
Average Volume
101,066 shs
Market Capitalization
$854.88 million
P/E Ratio
27.27
Dividend Yield
2.71%
Price Target
$59.00

Middlesex Water MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
22.9% Upside
$59.00 Price Target
Short Interest
Healthy
2.57% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.49mentions of Middlesex Water in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$82,720 Bought Last Quarter
Proj. Earnings Growth
5.26%
From $2.28 to $2.40 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.89 out of 5 stars

Utilities Sector

41st out of 89 stocks

Water Supply Industry

7th out of 12 stocks

MSEX stock logo

About Middlesex Water Stock (NASDAQ: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 Jersey and Delaware. Middlesex Water Company was incorporated in 1896 and is headquartered in Iselin, New Jersey.

MSEX Stock Price History

MSEX Stock News Headlines

Middlesex Water (NASDAQ:MSEX) Sets New 1-Year Low at $47.60
At first glance, this chart looks like nonsense…
We can isolate the most bullish dates to buy Netflix each and every year… That’s why one former hedge fund manager calls these dates… “Hotspot Dates”
Middlesex Water Announces 2023 Year End Results
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Middlesex Water Company Declares Quarterly Cash Dividend
Middlesex Water Company Names New President & CEO
Top 2 Utilities Stocks That Could Blast Off In January
Tidewater Utilities Announces Promotion
Tidewater Utilities Announces Leadership Change
Middlesex Water Raises Dividend by 4%
Middlesex Water Company Increases Common Dividend by 4.0%
See More Headlines
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Company Calendar

Ex-Dividend for 3/1 Dividend
2/14/2024
Last Earnings
2/29/2024
Dividend Payable
3/01/2024
Today
4/21/2024
Next Earnings (Estimated)
5/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Water supply
Sub-Industry
Water Utilities
Current Symbol
NASDAQ:MSEX
CUSIP
59668010
Employees
355
Year Founded
1897

Price Target and Rating

Average Stock Price Target
$59.00
High Stock Price Target
$59.00
Low Stock Price Target
$59.00
Potential Upside/Downside
+22.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$31.52 million
Pretax Margin
19.58%

Debt

Sales & Book Value

Annual Sales
$166.27 million
Cash Flow
$3.52 per share
Book Value
$23.75 per share

Miscellaneous

Free Float
17,483,000
Market Cap
$855.07 million
Optionable
Optionable
Beta
0.74

Social Links

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Key Executives

  • Mr. A. Bruce O'Connor CPA (Age 65)
    Senior VP, Treasurer & CFO
    Comp: $473.28k
  • Mr. Robert K. Fullagar (Age 56)
    Vice President of Operations
    Comp: $292.34k
  • Ms. Georgia M. Simpson (Age 49)
    VP of Information Technology & CTO
    Comp: $301.73k
  • Mr. Jay L. Kooper Esq. (Age 51)
    VP, General Counsel & Secretary
    Comp: $372.56k
  • Ms. Nadine Leslie (Age 60)
    President, CEO & Director
  • Mr. Robert J. Capko (Age 50)
    Corporate Controller & Principal Accounting Officer
  • Ms. Lorrie Beth GinegawMs. Lorrie Beth Ginegaw (Age 49)
    Vice President of Human Resources
    Comp: $252.13k
  • Mr. Bruce E. Patrick P.E. (Age 55)
    President of Tidewater Utilities, Inc.

MSEX Stock Analysis - Frequently Asked Questions

Should I buy or sell Middlesex Water stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Middlesex Water in the last twelve months. There are currently 1 buy rating 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.

What is Middlesex Water's stock price target for 2024?

1 brokers have issued 1 year price targets for Middlesex Water's stock. Their MSEX share price targets range from $59.00 to $59.00. On average, they anticipate the company's share price to reach $59.00 in the next year. This suggests a possible upside of 22.9% from the stock's current price.
View analysts price targets for MSEX
or view top-rated stocks among Wall Street analysts.

How have MSEX shares performed in 2024?

Middlesex Water's stock was trading at $65.62 at the beginning of the year. Since then, MSEX shares have decreased by 26.9% and is now trading at $48.00.
View the best growth stocks for 2024 here
.

When is Middlesex Water's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
View our MSEX earnings forecast
.

How were Middlesex Water's earnings last quarter?

Middlesex Water (NASDAQ:MSEX) posted its earnings results on Thursday, February, 29th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by $0.14. The utilities provider had revenue of $38.60 million for the quarter, compared to analysts' expectations of $41 million. Middlesex Water had a net margin of 18.96% and a trailing twelve-month return on equity of 7.61%.

How often does Middlesex Water pay dividends? What is the dividend yield for Middlesex Water?

Middlesex Water declared a quarterly dividend on Monday, January 29th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.325 per share on Friday, March 1st. This represents a $1.30 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Wednesday, February 14th.
Read our dividend analysis for MSEX
.

Is Middlesex Water a good dividend stock?

Middlesex Water (NASDAQ:MSEX) pays an annual dividend of $1.30 per share and currently has a dividend yield of 2.71%. The company has been increasing its dividend for 51 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 73.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MSEX will have a dividend payout ratio of 54.17% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MSEX.

What ETFs hold Middlesex Water's stock?
What is Dennis W. Doll's approval rating as Middlesex Water's CEO?

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.

What other stocks do shareholders of Middlesex Water own?

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).

Who are Middlesex Water's major shareholders?

Middlesex Water's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.01%) and GAMMA Investing LLC (0.00%). Insiders that own company stock include A Bruce Oconnor, Bernadette M Sohler, Dennis W Doll, G Christian Jr Andreasen, James F Jr Cosgrove, Kim C Hanemann, Lorrie Beth Ginegaw, Robert John Capko, Walter G Reinhard and Walter G Reinhard.
View institutional ownership trends
.

How do I buy shares of Middlesex Water?

Shares of MSEX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:MSEX) was last updated on 4/21/2024 by MarketBeat.com Staff

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