Middlesex Water Stock Forecast, Price & News

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

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.
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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.

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.

Some companies that are related to Middlesex Water include American Water Works (AWK), American States Water (AWR), California Water Service Group (CWT), SJW Group (SJW), York Water (YORW), Artesian Resources (ARTNA), Consolidated Water (CWCO) and Cadiz (CDZI).
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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).

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

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.

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

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.

Middlesex Water employs 347 workers across the globe.

Middlesex Water was founded in 1897.

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.