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S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
AI Stock Caught Trading Under Secret Name (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
AI Stock Caught Trading Under Secret Name (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
Here's Why Bitcoin Could Rise to $165,000 Starting Exactly On April 22, 2024. (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
AI Stock Caught Trading Under Secret Name (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
AI Stock Caught Trading Under Secret Name (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
Here's Why Bitcoin Could Rise to $165,000 Starting Exactly On April 22, 2024. (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
AI Stock Caught Trading Under Secret Name (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
AI Stock Caught Trading Under Secret Name (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
Here's Why Bitcoin Could Rise to $165,000 Starting Exactly On April 22, 2024. (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
NASDAQ:MSEX

Middlesex Water (MSEX) Stock Price, News & Analysis

$51.47
-2.84 (-5.23%)
(As of 02/22/2024 ET)
Today's Range
$51.05
$54.97
50-Day Range
$51.47
$70.45
52-Week Range
$51.05
$85.99
Volume
2.20 million shs
Average Volume
196,856 shs
Market Capitalization
$916.53 million
P/E Ratio
27.97
Dividend Yield
2.53%
Price Target
$85.00

Middlesex Water MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
65.1% Upside
$85.00 Price Target
Short Interest
Healthy
2.35% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$111,669 Sold Last Quarter
Proj. Earnings Growth
27.89%
From $1.90 to $2.43 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.

4.42 out of 5 stars

Utilities Sector

24th out of 89 stocks

Water Supply Industry

4th out of 11 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 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 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 Company Declares Quarterly Cash Dividend
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Middlesex Water Company Names New President & CEO
Top 2 Utilities Stocks That Could Blast Off In January
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Tidewater Utilities Announces Promotion
Tidewater Utilities Announces Leadership Change
Middlesex Water Raises Dividend by 4%
Middlesex Water Company Increases Common Dividend by 4.0%
Top 4 Utilities Stocks You'll Regret Missing This Quarter
Middlesex Water (MSEX) Meets Q2 Earnings Estimates
See More Headlines
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Company Calendar

Last Earnings
10/28/2021
Ex-Dividend for 12/1 Dividend
11/15/2023
Dividend Payable
12/01/2023
Ex-Dividend for 3/1 Dividend
2/14/2024
Today
2/23/2024
Next Earnings (Estimated)
2/23/2024
Dividend Payable
3/01/2024
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
350
Year Founded
1897

Price Target and Rating

Average Stock Price Target
$85.00
High Stock Price Target
$85.00
Low Stock Price Target
$85.00
Potential Upside/Downside
+65.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$42.43 million
Pretax Margin
20.55%

Debt

Sales & Book Value

Annual Sales
$166.50 million
Cash Flow
$3.69 per share
Book Value
$22.70 per share

Miscellaneous

Free Float
17,476,000
Market Cap
$916.53 million
Optionable
Optionable
Beta
0.77

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Key Executives















MSEX Stock Analysis - Frequently Asked Questions

Should I buy or sell Middlesex Water stock right now?

1 Wall Street 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 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 brokerages have issued 12 month price targets for Middlesex Water's shares. Their MSEX share price targets range from $85.00 to $85.00. On average, they expect the company's stock price to reach $85.00 in the next twelve months. This suggests a possible upside of 65.1% 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 21.6% and is now trading at $51.47.
View the best growth stocks for 2024 here
.

Are investors shorting Middlesex Water?

Middlesex Water saw a increase in short interest during the month of January. As of January 31st, there was short interest totaling 406,500 shares, an increase of 10.3% from the January 15th total of 368,600 shares. Based on an average daily volume of 104,600 shares, the days-to-cover ratio is currently 3.9 days. Approximately 2.4% of the company's shares are short sold.
View Middlesex Water's Short Interest
.

When is Middlesex Water's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, February 23rd 2024.
View our MSEX earnings forecast
.

How were Middlesex Water's earnings last quarter?

Middlesex Water (NASDAQ:MSEX) posted its quarterly earnings results on Thursday, October, 28th. The utilities provider reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.80 by $0.15. The utilities provider earned $39.87 million during the quarter, compared to analysts' expectations of $41 million. Middlesex Water had a net margin of 19.78% and a trailing twelve-month return on equity of 8.06%.

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

Middlesex Water announced a quarterly dividend on Monday, January 29th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.53%. 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 2.32%. 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 70.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MSEX will have a dividend payout ratio of 53.50% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MSEX.

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 variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.01%), First Trust Advisors LP (6.82%), Dimensional Fund Advisors LP (2.62%), KBC Group NV (1.43%), Northern Trust Corp (1.16%) and Legal & General Group Plc (0.95%). 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 2/23/2024 by MarketBeat.com Staff