Middlesex Water - MSEX Stock Forecast, Price & News

2 Wall Street 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 analysts is that investors should "buy" MSEX shares.
View MSEX analyst ratings or view top-rated stocks.

2 brokerages have issued twelve-month target prices for Middlesex Water's shares. Their MSEX share price forecasts range from $88.00 to $88.00. On average, they expect the company's stock price to reach $88.00 in the next year. This suggests a possible upside of 12.6% from the stock's current price.
View analysts price targets for MSEX or view top-rated stocks among Wall Street analysts.

Middlesex Water's stock was trading at $78.67 at the beginning of 2023. Since then, MSEX stock has decreased by 0.7% and is now trading at $78.12.
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The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023.
View our MSEX earnings forecast.

Middlesex Water (NASDAQ:MSEX) released its quarterly earnings results on Thursday, October, 28th. The utilities provider reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.80 by $0.15. The utilities provider earned $39.87 million during the quarter, compared to the consensus estimate of $41 million. Middlesex Water had a net margin of 26.12% and a trailing twelve-month return on equity of 10.87%.

Middlesex Water announced a quarterly dividend on Friday, February 3rd. Shareholders of record on Tuesday, February 14th will be paid a dividend of $0.313 per share on Wednesday, March 1st. This represents a $1.25 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Monday, February 13th.
Read our dividend analysis for MSEX.

ETFs with the largest weight of Middlesex Water (NASDAQ:MSEX) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), ProShares Russell US Dividend Growers ETF (TMDV), Invesco DWA Utilities Momentum ETF (PUI), ProShares Russell 2000 Dividend Growers ETF (SMDV), Invesco S&P Global Water Index ETF (CGW), First Trust Water ETF (FIW), First Trust Nasdaq BuyWrite Income ETF (FTQI) and Global X Clean Water ETF (AQWA).

Middlesex Water (NASDAQ:MSEX) pays an annual dividend of $1.25 per share and currently has a dividend yield of 1.61%. 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 52.52%. 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.

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.

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."

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.
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One share of MSEX stock can currently be purchased for approximately $78.12.

Middlesex Water (NASDAQ:MSEX) has a market capitalization of $1.38 billion and generates $162.43 million in revenue each year. The utilities provider earns $42.43 million in net income (profit) each year or $2.38 on an earnings per share basis.

The company employs 347 workers across the globe.

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.