NASDAQ:MSEX Middlesex Water (MSEX) Stock Forecast, Price & News $79.71 -1.65 (-2.03%) (As of 06/1/2023 ET) Add Compare Share Share Today's Range$77.99▼$81.7850-Day Range$69.37▼$81.3652-Week Range$66.51▼$96.19Volume205,321 shsAverage Volume170,525 shsMarket Capitalization$1.41 billionP/E Ratio39.27Dividend Yield1.57%Price Target$85.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Middlesex Water MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside6.6% Upside$85.00 Price TargetShort InterestHealthy2.79% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.87Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth12.61%From $2.22 to $2.50 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.40 out of 5 starsUtilities Sector65th out of 166 stocksWater Supply Industry11th out of 24 stocks 1.5 Analyst's Opinion Consensus RatingMiddlesex Water has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $85.00, Middlesex Water has a forecasted upside of 6.6% from its current price of $79.71.Amount of Analyst CoverageMiddlesex Water has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.79% of the float of Middlesex Water has been sold short.Short Interest Ratio / Days to CoverMiddlesex Water has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Middlesex Water has recently increased by 3.12%, indicating that investor sentiment is decreasing. Previous Next 4.2 Dividend Strength Dividend YieldMiddlesex Water pays a meaningful dividend of 1.56%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMiddlesex Water has been increasing its dividend for 27 years.Dividend CoverageThe dividend payout ratio of Middlesex Water is 61.58%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Middlesex Water will have a dividend payout ratio of 50.00% next year. This indicates that Middlesex Water will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MSEX. Previous Next 3.3 News and Social Media Coverage News SentimentMiddlesex Water has a news sentiment score of 0.87. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.34 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Middlesex Water this week, compared to 1 article on an average week.MarketBeat Follows1 people have added Middlesex Water to their MarketBeat watchlist in the last 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Middlesex Water insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.86% of the stock of Middlesex Water is held by insiders.Percentage Held by Institutions67.27% of the stock of Middlesex Water is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Middlesex Water are expected to grow by 12.61% in the coming year, from $2.22 to $2.50 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Middlesex Water is 39.27, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.06.Price to Earnings Ratio vs. SectorThe P/E ratio of Middlesex Water is 39.27, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 90.77.Price to Book Value per Share RatioMiddlesex Water has a P/B Ratio of 3.49. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Middlesex Water (NASDAQ:MSEX) StockMiddlesex Water Co. owns and operates regulated water utility and wastewater systems. The firm's services include water production, treatment, & distribution, full service municipal contract operations, wastewater collection and treatment. It operates through two segments: Regulated and Non-Regulated. The Regulated segment serves residential, commercial, industrial and municipal customers. The Non-Regulated segment engages in business activities with developers, government entities and other customers. The company was founded in 1897 and is headquartered in Iselin, NJ.Read More Receive MSEX Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Middlesex Water and its competitors with MarketBeat's FREE daily newsletter. Email Address MSEX Stock News HeadlinesMay 27, 2023 | finance.yahoo.comMiddlesex Water Company's (NASDAQ:MSEX) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?May 24, 2023 | finance.yahoo.comMiddlesex Water Reports Voting Results From Its 2023 Annual Shareholders MeetingJune 2, 2023 | Behind the Markets (Ad)Is This The End Of Your Retirement?Soon, the U.S. Government is going to make an announcement that could radically alter your retirement. Two of America's largest banks - Goldman Sachs and J.P. Morgan - have quietly warned their richest clients to prepare for it. The clock is ticking. Find out How to Protect Yourself from the Greatest Crisis Facing Retirees in 70 Years before it's too late.May 19, 2023 | msn.comSurrey v Kent, Middlesex v Somerset, and more: county cricket – liveMay 18, 2023 | americanbankingnews.comMiddlesex Water (NASDAQ:MSEX) Now Covered by Analysts at StockNews.comMay 16, 2023 | finance.yahoo.comMiddlesex Water Company President and CEO Announces RetirementMay 15, 2023 | finance.yahoo.comMiddlesex Water Files for Rate AdjustmentMay 5, 2023 | finance.yahoo.comReturn Trends At Middlesex Water (NASDAQ:MSEX) Aren't AppealingJune 2, 2023 | UNKNOWN (Ad)This NASDAQ Stock Is The Amazon Of Medical SupplyThis Little Known Company IS Quickly Becoming The Amazon Of Medical Supply. Learn More NowMay 4, 2023 | americanbankingnews.comMiddlesex Water (NASDAQ:MSEX) Shares Down 6.8% on Analyst DowngradeMay 2, 2023 | americanbankingnews.comMiddlesex Water (NASDAQ:MSEX) PT Lowered to $85.00April 28, 2023 | finance.yahoo.comMiddlesex Water Company Declares Quarterly Cash Dividend, Announces Annual Meeting of ShareholdersApril 23, 2023 | americanbankingnews.comMiddlesex Water (NASDAQ:MSEX) Short Interest Down 5.6% in MarchApril 19, 2023 | finance.yahoo.comHere's Why Middlesex Water (NASDAQ:MSEX) Has Caught The Eye Of InvestorsApril 18, 2023 | finance.yahoo.comMiddlesex Water (MSEX) to Invest $11.1M in Main UpgradesApril 17, 2023 | finance.yahoo.comMiddlesex Water Company Announces $11.1 Million Project To Upgrade Water Mains in Carteret and Port ReadingApril 5, 2023 | finance.yahoo.comTidewater Utilities, Inc. Names Bruce E. Patrick Executive Vice PresidentApril 3, 2023 | finance.yahoo.comMiddlesex Water Company Appoints Robert Capko Principal Accounting OfficerMarch 26, 2023 | finance.yahoo.comThe 7 Best Water Utility Stocks to Buy for Portfolio DiversificationMarch 12, 2023 | finance.yahoo.comInstitutional owners may take dramatic actions as Middlesex Water Company's (NASDAQ:MSEX) recent 3.9% drop adds to one-year lossesFebruary 26, 2023 | finance.yahoo.comMiddlesex Water Full Year 2022 Earnings: EPS: US$2.40 (vs US$2.08 in FY 2021)February 24, 2023 | finance.yahoo.comMiddlesex Water Announces 2022 Year End ResultsFebruary 8, 2023 | finance.yahoo.comMiddlesex Water Company Announces Discount on Investment Plan Common Stock PurchasesJanuary 23, 2023 | finance.yahoo.comMiddlesex Water (NASDAQ:MSEX) shareholders have earned a 18% CAGR over the last five yearsJanuary 13, 2023 | seekingalpha.comMiddlesex Water: Long-Term Stability At A Steep PriceJanuary 13, 2023 | seekingalpha.comMiddlesex Water: Long-Term Stability At A Steep PriceDecember 5, 2022 | finance.yahoo.comMiddlesex Water To Participate in Bank of America Securities Virtual Water ConferenceSee More Headlines MSEX Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MSEX Company Calendar Last Earnings10/28/2021Ex-Dividend for 6/1 Dividend5/11/2023Today6/01/2023Dividend Payable6/01/2023Next Earnings (Estimated)8/04/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Water supply Sub-IndustryWater Utilities SectorUtilities Current SymbolNASDAQ:MSEX CUSIP59668010 CIK66004 Webwww.middlesexwater.com Phone(732) 634-1500Fax732-638-7515Employees347Year Founded1897Price Target and Rating Average Stock Price Forecast$85.00 High Stock Price Forecast$85.00 Low Stock Price Forecast$85.00 Forecasted Upside/Downside+6.5%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$2.03 Trailing P/E Ratio39.30 Forward P/E Ratio35.94 P/E GrowthN/ANet Income$42.43 million Net Margins22.02% Pretax Margin24.24% Return on Equity9.12% Return on Assets3.39% Debt Debt-to-Equity Ratio0.82 Current Ratio0.41 Quick Ratio0.34 Sales & Book Value Annual Sales$162.43 million Price / Sales8.68 Cash Flow$3.95 per share Price / Cash Flow20.22 Book Value$22.81 per share Price / Book3.50Miscellaneous Outstanding Shares17,680,000Free Float17,352,000Market Cap$1.41 billion OptionableOptionable Beta0.76 Social Links Key ExecutivesDennis W. DollChairman, President & Chief Executive OfficerRobert K. FullagarVice President-OperationsA. Bruce O'ConnorChief Financial Officer, Treasurer & Senior VPGeorgia M. SimpsonVice President-Information TechnologyJay L. KooperSecretary, Vice President & General CounselKey CompetitorsYork WaterNASDAQ:YORWArtesian ResourcesNASDAQ:ARTNASJW GroupNYSE:SJWCalifornia Water Service GroupNYSE:CWTAmerican States WaterNYSE:AWRView All CompetitorsInsiders & InstitutionsProShare Advisors LLCBought 23,132 shares on 5/26/2023Ownership: 0.724%Ameriprise Financial Inc.Sold 1,081 shares on 5/22/2023Ownership: 0.416%JPMorgan Chase & Co.Bought 11,654 shares on 5/18/2023Ownership: 0.229%New York State Common Retirement FundSold 3,901 shares on 5/18/2023Ownership: 0.052%Thrivent Financial for LutheransSold 613 shares on 5/17/2023Ownership: 0.099%View All Insider TransactionsView All Institutional Transactions MSEX Stock - Frequently Asked Questions Should I buy or sell Middlesex Water stock right now? 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Middlesex Water in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MSEX shares. View MSEX analyst ratings or view top-rated stocks. What is Middlesex Water's stock price forecast for 2023? 2 equities research analysts have issued 1-year target prices for Middlesex Water's shares. Their MSEX share price forecasts range from $85.00 to $85.00. On average, they predict the company's share price to reach $85.00 in the next year. This suggests a possible upside of 6.5% from the stock's current price. View analysts price targets for MSEX or view top-rated stocks among Wall Street analysts. How have MSEX shares performed in 2023? Middlesex Water's stock was trading at $78.67 at the beginning of the year. Since then, MSEX stock has increased by 1.4% and is now trading at $79.78. View the best growth stocks for 2023 here. When is Middlesex Water's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023. View our MSEX earnings forecast. How were Middlesex Water's earnings last quarter? Middlesex Water (NASDAQ:MSEX) posted its quarterly earnings results on Thursday, October, 28th. The utilities provider reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.80 by $0.15. The utilities provider had revenue of $39.87 million for the quarter, compared to analyst estimates of $41 million. Middlesex Water had a trailing twelve-month return on equity of 9.12% and a net margin of 22.02%. How often does Middlesex Water pay dividends? What is the dividend yield for Middlesex Water? Middlesex Water announced a quarterly dividend on Friday, April 28th. Stockholders of record on Friday, May 12th will be paid a dividend of $0.313 per share on Thursday, June 1st. This represents a $1.25 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Thursday, May 11th. Read our dividend analysis for MSEX. What ETFs hold Middlesex Water's stock? ETFs with the largest weight of Middlesex Water (NASDAQ:MSEX) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), Invesco DWA Utilities Momentum ETF (PUI), ProShares Russell US Dividend Growers ETF (TMDV), First Trust Water ETF (FIW), ProShares Russell 2000 Dividend Growers ETF (SMDV), Invesco Water Resources ETF (PHO), First Trust NASDAQ BuyWrite Income ETF (FTQI) and Invesco S&P Global Water Index ETF (CGW). Is Middlesex Water a good dividend stock? Middlesex Water (NASDAQ:MSEX) pays an annual dividend of $1.25 per share and currently has a dividend yield of 1.56%. The company has been increasing its dividend for 27 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 61.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MSEX will have a dividend payout ratio of 50.00% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for MSEX. What is Dennis W. Doll's approval rating as Middlesex Water's CEO? 5 employees have rated Middlesex Water Chief Executive Officer Dennis W. Doll on Glassdoor.com. Dennis W. Doll has an approval rating of 82% among the company'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 a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.50%), Pictet Asset Management SA (4.29%), State Street Corp (3.63%), Dimensional Fund Advisors LP (2.59%), Geode Capital Management LLC (1.93%) and KBC Group NV (1.21%). Insiders that own company stock include A Bruce Oconnor, Bernadette M Sohler, Dennis W Doll, G Christian Jr Andreasen, Kim C Hanemann, Lorrie Beth Ginegaw, Robert K Fullagar, Walter G Reinhard and Walter G Reinhard. View institutional ownership trends. How do I buy shares of Middlesex Water? Shares of MSEX stock 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 $79.78. How much money does Middlesex Water make? Middlesex Water (NASDAQ:MSEX) has a market capitalization of $1.41 billion and generates $162.43 million in revenue each year. The utilities provider earns $42.43 million in net income (profit) each year or $2.03 on an earnings per share basis. How many employees does Middlesex Water have? The company employs 347 workers across the globe. How can I contact Middlesex Water? Middlesex Water's mailing address is 485C ROUTE 1 SOUTH, ISELIN NJ, 08830. The official website for the company is www.middlesexwater.com. The utilities provider can be reached via phone at (732) 634-1500, via email at bsohler@middlesexwater.com, or via fax at 732-638-7515. This page (NASDAQ:MSEX) was last updated on 6/2/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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