Middlesex Water Company Company Profile (NASDAQ:MSEX)

About Middlesex Water Company (NASDAQ:MSEX)

Middlesex Water Company logoMiddlesex Water Company is a water utility company. The Company owns and operates regulated water utility and wastewater systems in New Jersey, Delaware and Pennsylvania. The Company also operates water and wastewater systems under contract on behalf of municipal and private clients in New Jersey and Delaware. The Company's segments include Regulated and Non-Regulated. The Regulated segment is engaged in the business of 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. The Non-Regulated segment primarily consists of non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware. The Middlesex System treats, stores and distributes water for residential, commercial, industrial and fire protection purposes.

Industry, Sector and Symbol:
  • Sector: Utilities
  • Industry: Water Utilities
  • Sub-Industry: Water Utilities
  • Symbol: NASDAQ:MSEX
  • CUSIP: 59668010
  • Web: www.middlesexwater.com
Capitalization:
  • Market Cap: $577.78 million
  • Outstanding Shares: 16,303,000
Average Prices:
  • 50 Day Moving Avg: $36.55
  • 200 Day Moving Avg: $38.10
  • 52 Week Range: $32.23 - $44.48
P/E:
  • Trailing P/E Ratio: 26.08
  • Foreward P/E Ratio: 21.74
  • P/E Growth: 8.64
Sales & Book Value:
  • Annual Revenue: $132.46 million
  • Price / Sales: 4.36
  • Book Value: $13.49 per share
  • Price / Book: 2.63
Dividend:
  • Annual Dividend: $0.85
  • Dividend Yield: 2.4%
Profitability:
  • EBIDTA: $53.7 million
  • Net Margins: 18.24%
  • Return on Equity: 11.39%
  • Return on Assets: 4.04%
Debt:
  • Debt-to-Equity Ratio: 0.60%
  • Current Ratio: 0.69%
  • Quick Ratio: 0.59%
Misc:
  • Average Volume: 45,300 shs.
  • Beta: 0.41
  • Short Ratio: 3.56
 

Frequently Asked Questions for Middlesex Water Company (NASDAQ:MSEX)

What is Middlesex Water Company's stock symbol?

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

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

Middlesex Water Company declared a quarterly dividend on Friday, April 21st. Stockholders of record on Friday, May 12th will be given a dividend of $0.2113 per share on Thursday, June 1st. This represents a $0.85 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend is Wednesday, May 10th. View Middlesex Water Company's Dividend History.

How were Middlesex Water Company's earnings last quarter?

Middlesex Water Company (NASDAQ:MSEX) announced its earnings results on Friday, March, 3rd. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.29 by $0.10. The business earned $31.81 million during the quarter, compared to analyst estimates of $31.64 million. Middlesex Water Company had a net margin of 18.24% and a return on equity of 11.39%. View Middlesex Water Company's Earnings History.

Where is Middlesex Water Company's stock going? Where will Middlesex Water Company's stock price be in 2017?

1 brokers have issued twelve-month target prices for Middlesex Water Company's stock. Their predictions range from $39.00 to $39.00. On average, they expect Middlesex Water Company's share price to reach $39.00 in the next year. View Analyst Ratings for Middlesex Water Company.

Who are some of Middlesex Water Company's key competitors?

Who are Middlesex Water Company's key executives?

Middlesex Water Company's management team includes the folowing people:

  • Dennis W. Doll, Chairman of the Board, President, Chief Executive Officer
  • A. Bruce O'Connor, Chief Financial Officer, Vice President, Treasurer
  • Gerard L. Esposito, Chairman of the Board of Directors of the Delaware Solid Waste Authority
  • Richard M. Risoldi, Chief Operating Officer, Vice President - Operations
  • Jay L. Kooper, Vice President, General Counsel, Secretary
  • Lorrie B. Ginegaw, Vice President - Human Resources
  • Bernadette M. Sohler, Vice President - Corporate Affairs
  • Jeffries Shein, Lead Independent Director
  • Kim C Hanemann, Director
  • James F. Cosgrove Jr., Independent Director

Who owns Middlesex Water Company stock?

Middlesex Water Company's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (5.66%), Dimensional Fund Advisors LP (3.36%), Renaissance Technologies LLC (3.04%), First Manhattan Co. (2.04%), Morgan Stanley (1.22%) and TSP Capital Management Group LLC (1.19%). Company insiders that own Middlesex Water Company stock include A Bruce Oconnor, Bernadette M Sohler, Kim C Hanemann and Walter G Reinhard. View Institutional Ownership Trends for Middlesex Water Company.

Who sold Middlesex Water Company stock? Who is selling Middlesex Water Company stock?

Middlesex Water Company's stock was sold by a variety of institutional investors in the last quarter, including UBS Group AG, Morgan Stanley, California Public Employees Retirement System, WFG Advisors LP, Goldman Sachs Group Inc., Credit Suisse AG, Cutter & CO Brokerage Inc. and Clean Yield Group. Company insiders that have sold Middlesex Water Company stock in the last year include A Bruce Oconnor, Bernadette M Sohler and Walter G Reinhard. View Insider Buying and Selling for Middlesex Water Company.

Who bought Middlesex Water Company stock? Who is buying Middlesex Water Company stock?

Middlesex Water Company's stock was acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Parametric Portfolio Associates LLC, Bank of New York Mellon Corp, Renaissance Technologies LLC, Water Asset Management LLC, ProShare Advisors LLC, Dimensional Fund Advisors LP and Karp Capital Management Corp. View Insider Buying and Selling for Middlesex Water Company.

How do I buy Middlesex Water Company stock?

Shares of Middlesex Water Company can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Middlesex Water Company's stock price today?

One share of Middlesex Water Company stock can currently be purchased for approximately $35.44.


MarketBeat Community Rating for Middlesex Water Company (NASDAQ MSEX)
Community Ranking:  2.2 out of 5 ( )
Outperform Votes:  13 (Vote Outperform)
Underperform Votes:  16 (Vote Underperform)
Total Votes:  29
MarketBeat's community ratings are surveys of what our community members think about Middlesex Water Company and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Middlesex Water Company (NASDAQ:MSEX) (?)
Ratings Breakdown: 1 Hold Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $39.00 (10.05% upside)

Analysts' Ratings History for Middlesex Water Company (NASDAQ:MSEX)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
2/17/2017Janney Montgomery ScottInitiated CoverageNeutral$39.00N/AView Rating Details
3/2/2016Robert W. BairdDowngradeOutperform -> NeutralN/AView Rating Details
(Data available from 5/29/2015 forward)

Earnings

Earnings History for Middlesex Water Company (NASDAQ:MSEX)
Earnings by Quarter for Middlesex Water Company (NASDAQ:MSEX)
Earnings History by Quarter for Middlesex Water Company (NASDAQ:MSEX)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
3/3/2017Q4 2016$0.29$0.19$31.64 million$31.81 millionViewN/AView Earnings Details
11/1/2016Q316$0.54$34.70 million$37.80 millionViewN/AView Earnings Details
8/2/2016Q216$0.36$31.60 million$32.70 millionViewN/AView Earnings Details
5/3/2016Q1$0.29$28.80 million$30.60 millionViewN/AView Earnings Details
3/4/2016Q4$0.28$30.90 millionViewN/AView Earnings Details
11/3/2015Q315$0.41$32.70 million$34.70 millionViewN/AView Earnings Details
8/3/2015Q215$0.31$29.20 million$31.70 millionViewN/AView Earnings Details
5/1/2015Q115$0.22$27.20 million$28.80 millionViewN/AView Earnings Details
8/4/2014Q214$0.29$0.29$29.20 million$29.20 millionViewN/AView Earnings Details
5/2/2014Q114$0.16$0.19$27.04 million$27.17 millionViewN/AView Earnings Details
3/5/2014Q413$0.15$0.19$26.84 million$27.40 millionViewN/AView Earnings Details
8/2/2013Q2 2013$0.30$0.28ViewN/AView Earnings Details
5/6/2013Q113$0.20$23.55 million$27.04 millionViewN/AView Earnings Details
3/7/2013Q4 2012$0.18$0.17$25.32 million$27.08 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Middlesex Water Company (NASDAQ:MSEX)
Current Year EPS Consensus Estimate: $1.50 EPS
Next Year EPS Consensus Estimate: $1.63 EPS

Dividends

Current Dividend Information for Middlesex Water Company (NASDAQ:MSEX)
Next Dividend:6/1/2017
Annual Dividend:$0.85
Dividend Yield:2.40%
Payout Ratio:57.82% (Trailing 12 Months of Earnings)
56.67% (Based on This Year's Estimates)
52.15% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Middlesex Water Company (NASDAQ:MSEX)

Dividend History by Quarter for Middlesex Water Company (NASDAQ:MSEX)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
4/21/2017quarterly$0.212.15%5/10/20175/12/20176/1/2017
2/2/2017quarterly$0.212.29%2/9/20172/13/20173/1/2017
10/27/2016quarterly$0.212.32%11/8/201611/10/201612/1/2016
7/27/2016quarterly$0.201.92%8/10/20168/12/20169/1/2016
4/29/2016quarterly$0.202.17%5/11/20165/13/20166/1/2016
1/29/2016quarterly$0.202.74%2/10/20162/12/20163/1/2016
10/22/2015quarterly$0.203.05%11/9/201511/12/201512/1/2015
7/24/2015quarterly$0.193.46%8/12/20158/14/20159/1/2015
4/27/2015quarterly$0.193.33%5/13/20155/15/20156/1/2015
1/30/2015quarterly$0.193.52%2/11/20152/13/20153/2/2015
10/22/2014quarterly$0.193.67%11/12/201411/14/201412/1/2014
7/22/2014quarterly$0.193.66%8/13/20148/15/20149/2/2014
4/23/2014quarterly$0.193.68%5/13/20145/15/20146/2/2014
1/31/2014quarterly$0.193.84%2/12/20142/14/20143/3/2014
10/22/2013quarterly$0.193.6%11/13/201311/15/201312/2/2013
7/31/2013quarterly$0.193.44%8/13/20138/15/20139/3/2013
4/24/2013quarterly$0.193.92%5/13/20135/15/20136/3/2013
1/25/2013quarterly$0.193.84%2/13/20132/15/20133/1/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Middlesex Water Company (NASDAQ:MSEX)
Insider Ownership Percentage: 3.45%
Institutional Ownership Percentage: 45.12%
Insider Trades by Quarter for Middlesex Water Company (NASDAQ:MSEX)
Institutional Ownership by Quarter for Middlesex Water Company (NASDAQ:MSEX)
Insider Trades by Quarter for Middlesex Water Company (NASDAQ:MSEX)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/27/2017Walter G ReinhardDirectorSell1,200$36.14$43,368.00View SEC Filing  
11/11/2016A Bruce OconnorVPSell2,000$36.62$73,240.00View SEC Filing  
10/17/2016A Bruce OconnorVPSell1,350$33.88$45,738.00View SEC Filing  
10/7/2016Bernadette M SohlerVPSell400$33.29$13,316.00View SEC Filing  
4/12/2016Bernadette M SohlerVPSell500$33.26$16,630.00View SEC Filing  
4/6/2016A Bruce OconnorCFOSell1,100$31.16$34,276.00View SEC Filing  
3/29/2016A Bruce OconnorCFOSell1,326$31.32$41,530.32View SEC Filing  
3/29/2016Bernadette M SohlerVPSell400$31.65$12,660.00View SEC Filing  
3/23/2016Kim C HanemannDirectorBuy100$29.87$2,987.00View SEC Filing  
3/10/2016A Bruce OconnorCFOSell307$30.49$9,360.43View SEC Filing  
12/23/2015Bernadette M. SohlerVPSell900$27.55$24,795.00View SEC Filing  
9/23/2014Dennis W DollChairmanBuy1,000$19.95$19,950.00View SEC Filing  
12/17/2013Dennis DollCEOBuy1,000$20.25$20,250.00View SEC Filing  
12/13/2013Kenneth QuinnVPSell1,519$21.45$32,582.55View SEC Filing  
12/12/2013Jeffries SheinDirectorSell1,900$21.02$39,938.00View SEC Filing  
8/28/2013A Bruce OconnorCFOSell1,000$20.78$20,780.00View SEC Filing  
8/16/2013James Jr. CosgroveDirectorBuy1,230$20.37$25,055.10View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Middlesex Water Company (NASDAQ:MSEX)
Latest Headlines for Middlesex Water Company (NASDAQ:MSEX)
Source:
DateHeadline
americanbankingnews.com logo Middlesex Water Company (MSEX) Receives Average Recommendation of "Hold" from Analysts
www.americanbankingnews.com - May 26 at 10:14 AM
nasdaq.com logoMiddlesex Water General Counsel Jay L. Kooper Elected Chair of the New Jersey State Bar Association Public Utility Law Section for 2017-2018
www.nasdaq.com - May 25 at 1:47 PM
finance.yahoo.com logoMiddlesex Water Company Announces Annual Meeting Results 
finance.yahoo.com - May 24 at 6:46 PM
nasdaq.com logoTidewater Utilities Water/Wastewater Professionals Honored For Service and Expertise
www.nasdaq.com - May 22 at 5:59 PM
finance.yahoo.com logoTidewater Utilities Water/Wastewater Professionals Honored For Service and Expertise
finance.yahoo.com - May 22 at 5:59 PM
finance.yahoo.com logoMiddlesex Water Co. : MSEX-US: Dividend Analysis : May 12th, 2017 (record date) : By the numbers : May 11, 2017
finance.yahoo.com - May 11 at 7:09 PM
americanbankingnews.com logo Brokerages Set $39.00 Price Target for Middlesex Water Company (MSEX)
www.americanbankingnews.com - May 11 at 10:54 AM
finance.yahoo.com logoMiddlesex Water Co. – Value Analysis (NASDAQ:MSEX) : May 5, 2017
finance.yahoo.com - May 5 at 6:57 PM
finance.yahoo.com logoMiddlesex Water Company Announces First Quarter 2017 Financial Results
finance.yahoo.com - May 4 at 6:44 PM
finance.yahoo.com logoMiddlesex Water posts 1Q profit
finance.yahoo.com - May 4 at 6:44 PM
finance.yahoo.com logoMiddlesex Water Co. breached its 50 day moving average in a Bearish Manner : MSEX-US : May 4, 2017
finance.yahoo.com - May 4 at 11:33 AM
americanbankingnews.com logoSomewhat Critical Media Coverage Very Likely to Impact Middlesex Water Company (MSEX) Stock Price
www.americanbankingnews.com - May 3 at 9:48 AM
americanbankingnews.com logoMiddlesex Water Company (MSEX) Receives Media Sentiment Rating of 0.05
www.americanbankingnews.com - April 30 at 10:02 AM
americanbankingnews.com logoMiddlesex Water Company (MSEX) Getting Somewhat Positive Press Coverage, AlphaOne Reports
www.americanbankingnews.com - April 27 at 6:52 PM
americanbankingnews.com logoAnalysts Expect Middlesex Water Company (MSEX) to Announce $0.31 EPS
www.americanbankingnews.com - April 26 at 8:19 AM
americanbankingnews.com logoMiddlesex Water Company (MSEX) Declares $0.21 Quarterly Dividend
www.americanbankingnews.com - April 21 at 6:50 PM
americanbankingnews.com logoMiddlesex Water Company (MSEX) Earns Daily Media Impact Score of 0.21
www.americanbankingnews.com - April 17 at 11:51 PM
americanbankingnews.com logoZacks: Brokerages Set $39.00 Target Price for Middlesex Water Company (MSEX)
www.americanbankingnews.com - April 11 at 9:41 AM
americanbankingnews.com logoMiddlesex Water Company (MSEX) Director Walter G. Reinhard Sells 1,200 Shares
www.americanbankingnews.com - March 29 at 1:31 PM
americanbankingnews.com logo Middlesex Water Company (MSEX) Given $39.00 Average Price Target by Analysts
www.americanbankingnews.com - March 27 at 12:17 PM
finance.yahoo.com logoMiddlesex Water Company Launches $160 Million Infrastructure Effort
finance.yahoo.com - March 21 at 6:34 PM
finance.yahoo.com logo12:48 pm Middlesex Water announces a major infrastructure campaign to enhance safety, reliability and resiliency throughout its water system in New Jersey; plans to invest $160 mln through 2018
finance.yahoo.com - March 21 at 6:34 PM
biz.yahoo.com logoMIDDLESEX WATER CO Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibi
us.rd.yahoo.com - March 3 at 11:40 PM
biz.yahoo.com logoMIDDLESEX WATER CO Files SEC form 8-K/A, Results of Operations and Financial Condition, Financial Statements and Exhi
us.rd.yahoo.com - March 3 at 11:40 PM
finance.yahoo.com logoMiddlesex Water Company Announces 2016 Fourth Quarter and Year-End Results
finance.yahoo.com - March 3 at 6:39 PM
finance.yahoo.com logoTidewater Utilities Affiliate, White Marsh Environmental Systems, Inc., to Operate City of Lewes Water Reclamation Facility
finance.yahoo.com - March 2 at 6:53 PM
feeds.benzinga.com logoMiddlesex Water Company Names David Brogle Director of Production
feeds.benzinga.com - February 27 at 2:24 PM
finance.yahoo.com logoMiddlesex Water Company Announces Quarterly Cash Dividend
finance.yahoo.com - February 1 at 7:42 PM
seekingalpha.com logoAqua America: As Stable As They Come
seekingalpha.com - December 23 at 12:01 AM
seekingalpha.com logoApproach This Overvalued Dividend Champion With Caution
seekingalpha.com - December 16 at 7:20 PM
seekingalpha.com logoAmerican Water Works Dividend Stock Analysis 2016
seekingalpha.com - November 21 at 11:34 AM
nasdaq.com logoMiddlesex Water Company Announces Third Quarter 2016 Financial Results
www.nasdaq.com - November 2 at 9:51 AM
finance.yahoo.com logoTidewater Utilities Makes List of Top Workplaces in Delaware for Seventh Time
finance.yahoo.com - August 29 at 6:06 PM
finance.yahoo.com logoMIDDLESEX WATER CO Financials
finance.yahoo.com - August 9 at 6:32 PM
nasdaq.com logoMiddlesex Water Company Announces Second Quarter 2016 Financial Results
www.nasdaq.com - August 2 at 6:37 PM
forbes.com logoTuesday Sector Leaders: Precious Metals, Water Utilities
www.forbes.com - July 6 at 6:31 PM
finance.yahoo.com logoWater Delivery Infrastructure in Edison and South Amboy to Receive $12 Million Upgrade by Middlesex Water Company
finance.yahoo.com - June 16 at 1:00 PM

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Chart

Middlesex Water Company (MSEX) Chart for Monday, May, 29, 2017

This page was last updated on 5/29/2017 by MarketBeat.com Staff