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
Stock Exchange NASDAQ
Industry Water supply
Sub-IndustryWater Utilities
SectorUtilities
Current SymbolNASDAQ:MSEX
Previous Symbol
CUSIP59668010
Phone732-634-1500
Debt
Debt-to-Equity Ratio0.58
Current Ratio0.37
Quick Ratio0.32
Price-To-Earnings
Trailing P/E Ratio26.37
Forward P/E Ratio24.89
P/E GrowthN/A
Sales & Book Value
Annual Sales$130.77 million
Price / Sales6.12
Cash Flow$2.3036 per share
Price / Cash21.18
Book Value$14.95 per share
Price / Book3.26
Profitability
EPS (Most Recent Fiscal Year)$1.38
Net Income$22.80 million
Net Margins22.61%
Return on Equity13.10%
Return on Assets4.33%
Miscellaneous
Employees315
Outstanding Shares16,400,000
Market Cap$800.06 million
OptionableOptionable
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 Thursday, October 25th. Stockholders of record on Thursday, November 15th will be paid a dividend of $0.24 per share on Monday, December 3rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Wednesday, November 14th. This is a boost from Middlesex Water's previous quarterly dividend of $0.22. View Middlesex Water's Dividend History.
How were Middlesex Water's earnings last quarter?
Middlesex Water (NASDAQ:MSEX) posted its earnings results on Friday, November, 2nd. The utilities provider reported $0.74 EPS for the quarter, beating the Zacks' consensus estimate of $0.65 by $0.09. The utilities provider had revenue of $38.71 million for the quarter, compared to the consensus estimate of $38 million. Middlesex Water had a return on equity of 13.10% and a net margin of 22.61%. View Middlesex Water's Earnings History.
When is Middlesex Water's next earnings date?
What price target have analysts set for MSEX?
1 equities research analysts have issued 1-year price objectives for Middlesex Water's shares. Their predictions range from $53.00 to $53.00. On average, they anticipate Middlesex Water's share price to reach $53.00 in the next year. This suggests a possible upside of 8.6% from the stock's current price. View Analyst Price Targets for Middlesex Water.
What is the consensus analysts' recommendation for Middlesex Water?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Middlesex Water in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Middlesex Water.
Has Middlesex Water been receiving favorable news coverage?
News headlines about MSEX stock have been trending neutral recently, InfoTrie reports. The research firm rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Middlesex Water earned a daily sentiment score of 0.2 on InfoTrie's scale. They also assigned press coverage about the utilities provider a news buzz of 9.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the immediate future.
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, Pres & CEO (Age 59)
- Mr. A. Bruce O'Connor CPA, VP, Treasurer & CFO (Age 59)
- Mr. Richard M. Risoldi, VP of Operations & COO (Age 61)
- Mr. Gerard L. Esposito, Pres of Tidewater Utilities Inc (Age 66)
- Ms. Bernadette M. Sohler, VP of Corp. Affairs (Age 58)
Who are Middlesex Water's major shareholders?
Middlesex Water's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.83%), Dimensional Fund Advisors LP (3.77%), Renaissance Technologies LLC (3.66%), First Manhattan Co. (1.92%), Bank of New York Mellon Corp (0.77%) and Nuance Investments LLC (0.75%). Company insiders that own Middlesex Water stock include A Bruce Oconnor, Bernadette M Sohler, Dennis W Doll, Gerard L Esposito, Lorrie Beth Ginegaw, Richard M Risoldi 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 First Trust Advisors LP, Credit Suisse AG, Wedge Capital Management L L P NC, First Manhattan Co., Prudential Financial Inc., TIAA CREF Investment Management LLC, Martingale Asset Management L P and Janney Montgomery Scott LLC. Company insiders that have sold Middlesex Water company stock in the last year include A Bruce Oconnor, Bernadette M Sohler, Dennis W Doll, Lorrie Beth Ginegaw, Richard M Risoldi and Walter G Reinhard. View Insider Buying and Selling for Middlesex Water.
Which institutional investors are buying Middlesex Water stock?
MSEX stock was bought by a variety of institutional investors in the last quarter, including Cornerstone Wealth Management LLC, Nuance Investments LLC, Dimensional Fund Advisors LP, Man Group plc, BlackRock Inc., Allianz Asset Management GmbH, Engineers Gate Manager LP and Mcrae Capital Management Inc.. View Insider Buying and Selling for Middlesex Water.
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 $48.79.
How big of a company is Middlesex Water?
Middlesex Water has a market capitalization of $800.06 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.
What is Middlesex Water's official website?
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 (NASDAQ 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.
