About Middlesex Water (NASDAQ:MSEX)
Middlesex Water Company, together with its subsidiaries, owns and operates regulated water utility and wastewater systems. It operates in two segments, Regulated and Non-Regulated. The Regulated segment engages in collecting, treating, and distributing water on a retail and wholesale basis to residential, commercial, industrial, and fire protection customers in parts of New Jersey, Delaware, and Pennsylvania. This segment also includes 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 founded in 1897 and is headquartered in Iselin, New Jersey.
Industry, Sector and Symbol
Industry Water supply
Sub-IndustryWater Utilities
SectorUtilities
SymbolNASDAQ:MSEX
CUSIP59668010
Phone732-634-1500
Debt
Debt-to-Equity Ratio0.61%
Current Ratio0.45%
Quick Ratio0.39%
Price-To-Earnings
Trailing P/E Ratio29.20
Forward P/E Ratio26.19
P/E GrowthN/A
Sales & Book Value
Annual Sales$130.77 million
Price / Sales5.11
Cash Flow$2.3349 per share
Price / Cash17.50
Book Value$14.02 per share
Price / Book2.91
Profitability
EPS (Most Recent Fiscal Year)$1.38
Net Income$22.80 million
Net Margins17.44%
Return on Equity10.16%
Return on Assets3.54%
Miscellaneous
Employees315
Outstanding Shares16,360,000
Middlesex Water (NASDAQ:MSEX) Frequently Asked Questions
What is Middlesex Water's stock symbol?
Middlesex Water trades on the NASDAQ under the ticker symbol "MSEX."
How often does Middlesex Water pay dividends? What is the dividend yield for Middlesex Water?
Middlesex Water declared a quarterly dividend on Tuesday, January 30th. Shareholders of record on Thursday, February 15th will be given a dividend of $0.2238 per share on Thursday, March 1st. This represents a $0.90 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Wednesday, February 14th. View Middlesex Water's Dividend History.
How were Middlesex Water's earnings last quarter?
Middlesex Water (NASDAQ:MSEX) announced its earnings results on Friday, March, 9th. The utilities provider reported $0.32 EPS for the quarter, missing the Zacks' consensus estimate of $0.33 by $0.01. The utilities provider earned $31.46 million during the quarter, compared to analyst estimates of $34 million. Middlesex Water had a net margin of 17.44% and a return on equity of 10.16%. View Middlesex Water's Earnings History.
When is Middlesex Water's next earnings date?
What price target have analysts set for MSEX?
1 Wall Street analysts have issued twelve-month target prices for Middlesex Water's stock. Their forecasts range from $40.00 to $40.00. On average, they anticipate Middlesex Water's stock price to reach $40.00 in the next twelve months. View Analyst Ratings for Middlesex Water.
Who are some of Middlesex Water's key competitors?
Who are Middlesex Water's key executives?
Middlesex Water's management team includes the folowing people:
- Mr. Dennis W. Doll CPA, Chairman, CEO & Pres (Age 59)
- Mr. A. Bruce O'Connor CPA, VP, Treasurer & CFO (Age 59)
- Mr. Richard M. Risoldi, Chief Operating Officer and VP of Operations (Age 61)
- Mr. Gerard L. Esposito, Pres of Tidewater Utilities Inc (Age 66)
- Ms. Bernadette M. Sohler, VP of Corp. Affairs (Age 58)
Has Middlesex Water been receiving favorable news coverage?
Press coverage about MSEX stock has been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Middlesex Water earned a news sentiment score of 0.20 on Accern's scale. They also gave headlines about the utilities provider an impact score of 47.26 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.
How do I buy shares of Middlesex Water?
Shares of MSEX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Middlesex Water's stock price today?
One share of MSEX stock can currently be purchased for approximately $40.86.
How big of a company is Middlesex Water?
Middlesex Water has a market capitalization of $659.22 million and generates $130.77 million in revenue each year. The utilities provider earns $22.80 million in net income (profit) each year or $1.38 on an earnings per share basis. Middlesex Water employs 315 workers across the globe.
How can I contact Middlesex Water?
Middlesex Water's mailing address is 1500 RONSON RD P O BOX 1500, ISELIN NJ, 08830. The utilities provider can be reached via phone at 732-634-1500 or via email at [email protected]
MarketBeat Community Rating for Middlesex Water (MSEX)
MarketBeat's community ratings are surveys of what our community members think about Middlesex Water and other stocks. Vote "Outperform" if you believe MSEX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MSEX will underperform the S&P 500 over the long term. You may vote once every thirty days.
Middlesex Water (NASDAQ:MSEX) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
1 Wall Street analysts have issued ratings and price targets for Middlesex Water in the last 12 months. Their average twelve-month price target is $40.00, suggesting that the stock has a possible downside of 2.10%. The high price target for MSEX is $40.00 and the low price target for MSEX is $40.00. There are currently 1 buy rating for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 3.00 | 3.00 | 3.00 | 3.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
0 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $40.00 | $40.00 | $44.00 | $44.00 |
| Price Target Upside: | 2.10% downside | 9.23% upside | 8.72% upside | 8.72% upside |
Middlesex Water (NASDAQ:MSEX) Consensus Price Target History
Middlesex Water (NASDAQ:MSEX) Analyst Ratings History
Show:
| Date | Brokerage | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 3/12/2018 | Janney Montgomery Scott | Lower Price Target | Buy | $43.00 -> $40.00 | Low |  |
(Data available from 4/24/2016 forward)
Middlesex Water (NASDAQ:MSEX) Dividend Information
Middlesex Water pays an annual dividend of $0.89 per share, with a dividend yield of 2.18%. MSEX's most recent quarterly dividend payment was Thursday, March 1. Middlesex Water pays out 64.49% of its earnings out as a dividend.
| Most Recent Dividend: | 3/1/2018 |
| Annual Dividend: | $0.89 |
| Dividend Yield: | 2.18% |
| Payout Ratio: | 64.49% (Trailing 12 Months of Earnings)
57.05% (Based on This Year's Estimates)
55.63% (Based on Next Year's Estimates)
|
Middlesex Water (NASDAQ:MSEX) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 1/30/2018 | quarterly | $0.2238 | 2.41% | 2/14/2018 | 2/15/2018 | 3/1/2018 |
| 10/26/2017 | quarterly | $0.2238 | 2.01% | 11/8/2017 | 11/9/2017 | 12/1/2017 |
| 7/27/2017 | quarterly | $0.2113 | 2.16% | 8/9/2017 | 8/11/2017 | 9/1/2017 |
| 4/21/2017 | quarterly | $0.2113 | 2.15% | 5/10/2017 | 5/12/2017 | 6/1/2017 |
| 2/2/2017 | quarterly | $0.2113 | 2.29% | 2/9/2017 | 2/13/2017 | 3/1/2017 |
| 10/27/2016 | quarterly | $0.2113 | 2.32% | 11/8/2016 | 11/10/2016 | 12/1/2016 |
| 7/27/2016 | quarterly | $0.1988 | 1.92% | 8/10/2016 | 8/12/2016 | 9/1/2016 |
| 4/29/2016 | quarterly | $0.1988 | 2.17% | 5/11/2016 | 5/13/2016 | 6/1/2016 |
| 1/29/2016 | quarterly | $0.1988 | 2.74% | 2/10/2016 | 2/12/2016 | 3/1/2016 |
| 10/22/2015 | quarterly | $0.1988 | 3.05% | 11/9/2015 | 11/12/2015 | 12/1/2015 |
| 7/24/2015 | quarterly | $0.1925 | 3.46% | 8/12/2015 | 8/14/2015 | 9/1/2015 |
| 4/27/2015 | quarterly | $0.1925 | 3.33% | 5/13/2015 | 5/15/2015 | 6/1/2015 |
| 1/30/2015 | quarterly | $0.1925 | 3.52% | 2/11/2015 | 2/13/2015 | 3/2/2015 |
| 10/22/2014 | quarterly | $0.1925 | 3.67% | 11/12/2014 | 11/14/2014 | 12/1/2014 |
| 7/22/2014 | quarterly | $0.19 | 3.66% | 8/13/2014 | 8/15/2014 | 9/2/2014 |
| 4/23/2014 | quarterly | $0.19 | 3.68% | 5/13/2014 | 5/15/2014 | 6/2/2014 |
| 1/31/2014 | quarterly | $0.19 | 3.84% | 2/12/2014 | 2/14/2014 | 3/3/2014 |
| 10/22/2013 | quarterly | $0.19 | 3.6% | 11/13/2013 | 11/15/2013 | 12/2/2013 |
| 7/31/2013 | quarterly | $0.1875 | 3.44% | 8/13/2013 | 8/15/2013 | 9/3/2013 |
| 4/24/2013 | quarterly | $0.1875 | 3.92% | 5/13/2013 | 5/15/2013 | 6/3/2013 |
| 1/25/2013 | quarterly | $0.1875 | 3.84% | 2/13/2013 | 2/15/2013 | 3/1/2013 |
(Data available from 1/1/2013 forward)
Middlesex Water (NASDAQ MSEX) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 3.48%
Institutional Ownership Percentage: 50.45%
Middlesex Water (NASDAQ MSEX) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/29/2018 | Walter G Reinhard | Director | Sell | 1,000 | $36.97 | $36,970.00 | 81 | |
| 11/30/2017 | Bernadette M Sohler | VP | Sell | 1,000 | $45.19 | $45,190.00 | | |
| 11/15/2017 | A Bruce Oconnor | VP | Sell | 4,000 | $43.83 | $175,320.00 | 16,803 | |
| 10/9/2017 | Gerard L Esposito | President | Sell | 1,700 | $42.89 | $72,913.00 | | |
| 9/22/2017 | Bernadette M Sohler | VP | Sell | 200 | $39.30 | $7,860.00 | 8,366 | |
| 3/27/2017 | Walter G Reinhard | Director | Sell | 1,200 | $36.14 | $43,368.00 | 81 | |
| 11/11/2016 | A Bruce Oconnor | VP | Sell | 2,000 | $36.62 | $73,240.00 | 16,756 | |
| 10/17/2016 | A Bruce Oconnor | VP | Sell | 1,350 | $33.88 | $45,738.00 | 16,756 | |
| 10/7/2016 | Bernadette M Sohler | VP | Sell | 400 | $33.29 | $13,316.00 | 7,178 | |
| 4/12/2016 | Bernadette M Sohler | VP | Sell | 500 | $33.26 | $16,630.00 | 8,432 | |
| 4/6/2016 | A Bruce Oconnor | CFO | Sell | 1,100 | $31.16 | $34,276.00 | 18,880 | |
| 3/29/2016 | A Bruce Oconnor | CFO | Sell | 1,326 | $31.32 | $41,530.32 | 15,930 | |
| 3/29/2016 | Bernadette M Sohler | VP | Sell | 400 | $31.65 | $12,660.00 | 6,851 | |
| 3/23/2016 | Kim C Hanemann | Director | Buy | 100 | $29.87 | $2,987.00 | 100 | |
| 3/10/2016 | A Bruce Oconnor | CFO | Sell | 307 | $30.49 | $9,360.43 | 15,930 | |
| 12/23/2015 | Bernadette M. Sohler | VP | Sell | 900 | $27.55 | $24,795.00 | 900 | |
| 9/23/2014 | Dennis W Doll | Chairman | Buy | 1,000 | $19.95 | $19,950.00 | | |
| 12/17/2013 | Dennis Doll | CEO | Buy | 1,000 | $20.25 | $20,250.00 | 300 | |
| 12/13/2013 | Kenneth Quinn | VP | Sell | 1,519 | $21.45 | $32,582.55 | | |
| 12/12/2013 | Jeffries Shein | Director | Sell | 1,900 | $21.02 | $39,938.00 | 2,537 | |
| 8/28/2013 | A Bruce Oconnor | CFO | Sell | 1,000 | $20.78 | $20,780.00 | 1,100 | |
| 8/16/2013 | James Jr. Cosgrove | Director | Buy | 1,230 | $20.37 | $25,055.10 | 3,368 | |
(Data available from 1/1/2013 forward)
Middlesex Water (NASDAQ MSEX) News Headlines
| Source: |
|
Middlesex Water (NASDAQ:MSEX) SEC Filings
This page is loading this company's SEC Filings. Please wait...
Middlesex Water (NASDAQ:MSEX) Income Statement, Balance Sheet and Cash Flow Statement
Middlesex Water (NASDAQ MSEX) Stock Chart for Tuesday, April, 24, 2018
Loading chart…
