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S&P 500   3,911.74
DOW   31,500.68
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S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
NASDAQ:MSEX

Middlesex Water Stock Forecast, Price & News

$85.98
+1.59 (+1.88%)
(As of 06/24/2022 12:00 AM ET)
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Today's Range
$85.82
$89.66
50-Day Range
$77.87
$95.95
52-Week Range
$75.77
$121.43
Volume
348,854 shs
Average Volume
122,012 shs
Market Capitalization
$1.51 billion
P/E Ratio
36.43
Dividend Yield
1.37%
Price Target
$99.00
30 days | 90 days | 365 days | Advanced Chart

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MSEX Stock Forecast (MarketRank)

Overall MarketRank

2.96 out of 5 stars

Utilities Sector

9th out of 120 stocks

Water Supply Industry

1st out of 15 stocks

Analyst Opinion: 2.5Community Rank: 4.4Dividend Strength: 4.2Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -
Middlesex Water logo

About Middlesex Water (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. The company was incorporated in 1896 and is headquartered in Iselin, New Jersey.

MSEX Stock News Headlines

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Industry, Sector and Symbol

Industry
Water supply
Sub-Industry
Water Utilities
Sector
Utilities
Current Symbol
NASDAQ:MSEX
CUSIP
59668010
Employees
347
Year Founded
1897

Company Calendar

Last Earnings
4/29/2022
Ex-Dividend for 6/1 Dividend
5/12/2022
Dividend Payable
6/01/2022
Today
6/24/2022
Next Earnings (Estimated)
7/29/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$99.00
High Stock Price Forecast
$99.00
Low Stock Price Forecast
$99.00
Forecasted Upside/Downside
+15.1%
Consensus Rating
Buy
Rating Score (0-4)
3
Research Coverage
1 Analysts

Profitability

Net Income
$36.54 million
Pretax Margin
25.58%

Debt

Sales & Book Value

Annual Sales
$143.14 million
Cash Flow
$3.80 per share
Book Value
$21.02 per share

Miscellaneous

Free Float
17,222,000
Market Cap
$1.51 billion
Optionable
Optionable
Beta
0.58

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Middlesex Water 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 year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Middlesex Water stock.
View analyst ratings for Middlesex Water
or view top-rated stocks.

What is Middlesex Water's stock price forecast for 2022?

1 brokers have issued 1 year price targets for Middlesex Water's shares. Their MSEX stock forecasts range from $99.00 to $99.00. On average, they anticipate Middlesex Water's stock price to reach $99.00 in the next twelve months. This suggests a possible upside of 15.1% from the stock's current price.
View analysts' price targets for Middlesex Water
or view top-rated stocks among Wall Street analysts.

How has Middlesex Water's stock performed in 2022?

Middlesex Water's stock was trading at $120.30 at the beginning of the year. Since then, MSEX stock has decreased by 28.5% and is now trading at $85.98.
View the best growth stocks for 2022 here
.

When is Middlesex Water's next earnings date?

Middlesex Water is scheduled to release its next quarterly earnings announcement on Friday, July 29th 2022.
View our earnings forecast for Middlesex Water
.

How were Middlesex Water's earnings last quarter?

Middlesex Water (NASDAQ:MSEX) released its quarterly earnings data on Friday, April, 29th. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.18. The utilities provider earned $36.20 million during the quarter, compared to analysts' expectations of $36 million. Middlesex Water had a net margin of 28.43% and a trailing twelve-month return on equity of 11.41%.
View Middlesex Water's earnings history
.

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

Middlesex Water announced a quarterly dividend on Friday, April 22nd. Shareholders of record on Friday, May 13th will be paid a dividend of $0.29 per share on Wednesday, June 1st. This represents a $1.16 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, May 12th.
View Middlesex Water's dividend history
.

Is Middlesex Water a good dividend stock?

Middlesex Water(NASDAQ:MSEX) pays an annual dividend of $1.16 per share and currently has a dividend yield of 1.37%. Middlesex Water has been increasing its dividend for 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Middlesex Water is 49.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Middlesex Water will have a dividend payout ratio of 40.70% next year. This indicates that Middlesex Water will be able to sustain or increase its dividend.
View Middlesex Water's dividend history.

Who are Middlesex Water's key executives?

Middlesex Water's management team includes the following people:
  • Mr. Dennis W. Doll CPA, Chairman, Pres & CEO (Age 63, Pay $716.33k) (LinkedIn Profile)
  • Mr. A. Bruce O'Connor CPA, CPA, Sr. VP, Treasurer & CFO (Age 63, Pay $440.94k)
  • Mr. Jay L. Kooper Esq., VP, Gen. Counsel & Sec. (Age 49, Pay $340.81k)
  • Ms. Lorrie Beth Ginegaw, VP of HR (Age 47, Pay $252.13k)
  • Mr. Robert K. Fullagar, VP of Operations
  • Ms. Georgia M. Simpson, VP of Information Technology & CTO

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

5 employees have rated Middlesex Water CEO Dennis W. Doll on Glassdoor.com. Dennis W. Doll has an approval rating of 82% among Middlesex Water'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).

What is Middlesex Water's stock symbol?

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

Who are Middlesex Water's major shareholders?

Middlesex Water's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.58%), State Street Corp (9.10%), Vanguard Group Inc. (7.49%), Dimensional Fund Advisors LP (2.62%), Invesco Ltd. (2.26%) and First Manhattan Co. (1.27%). Company insiders that own Middlesex Water stock include A Bruce Oconnor, Bernadette M Sohler, Dennis W Doll, G Christian Jr Andreasen, Georgia M Simpson, Kim C Hanemann, Lorrie Beth Ginegaw, Robert K Fullagar, Walter G Reinhard and Walter G Reinhard.
View institutional ownership trends for Middlesex Water
.

Which institutional investors are selling Middlesex Water stock?

MSEX stock was sold by a variety of institutional investors in the last quarter, including SG Americas Securities LLC, Renaissance Technologies LLC, TD Asset Management Inc., Bank of America Corp DE, DeDora Capital Inc., First Trust Advisors LP, BlackRock Inc., and Skandinaviska Enskilda Banken AB publ . Company insiders that have sold Middlesex Water company stock in the last two years include A Bruce Oconnor, Bernadette M Sohler, Dennis W Doll, G Christian Jr Andreasen, Kim C Hanemann, Lorrie Beth Ginegaw, Robert K Fullagar, and Walter G Reinhard.
View insider buying and selling activity for Middlesex Water
or view top insider-selling stocks.

Which institutional investors are buying Middlesex Water stock?

MSEX stock was acquired by a variety of institutional investors in the last quarter, including State Street Corp, Eaton Vance Management, Invesco Ltd., Aaron Wealth Advisors LLC, Jane Street Group LLC, Goldman Sachs Group Inc., Vanguard Group Inc., and Hsbc Holdings PLC.
View insider buying and selling activity for Middlesex Water
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Middlesex Water's stock price today?

One share of MSEX stock can currently be purchased for approximately $85.98.

How much money does Middlesex Water make?

Middlesex Water (NASDAQ:MSEX) has a market capitalization of $1.51 billion and generates $143.14 million in revenue each year. The utilities provider earns $36.54 million in net income (profit) each year or $2.36 on an earnings per share basis.

How many employees does Middlesex Water have?

Middlesex Water employs 347 workers across the globe.

When was Middlesex Water founded?

Middlesex Water was founded in 1897.

How can I contact Middlesex Water?

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

This page (NASDAQ:MSEX) was last updated on 6/25/2022 by MarketBeat.com Staff

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