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NASDAQ:MSEX

Middlesex Water - MSEX Stock Forecast, Price & News

$83.03
-2.90 (-3.37%)
(As of 01/30/2023 03:36 PM ET)
Add
Compare
Today's Range
$82.85
$85.50
50-Day Range
$77.62
$94.75
52-Week Range
$74.20
$109.51
Volume
139,996 shs
Average Volume
158,468 shs
Market Capitalization
$1.46 billion
P/E Ratio
34.74
Dividend Yield
1.45%
Price Target
$99.00

Middlesex Water MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
19.1% Upside
$99.00 Price Target
Short Interest
Bearish
4.39% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.60mentions of Middlesex Water in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$202,466 Sold Last Quarter
Proj. Earnings Growth
3.93%
From $2.29 to $2.38 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.50 out of 5 stars

Utilities Sector

35th out of 85 stocks

Water Supply Industry

9th out of 12 stocks


MSEX stock logo

About Middlesex Water (NASDAQ:MSEX) Stock

Middlesex 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.

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MSEX Stock News Headlines

Middlesex Water: Long-Term Stability At A Steep Price
Profit From the Commercial Solar Boom?
Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered.
Middlesex Water: Long-Term Stability At A Steep Price
Profit From the Commercial Solar Boom?
Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered.
Middlesex Water (NASDAQ:MSEX) Upgraded to "Hold" at StockNews.com
Middlesex Water: Q3 Earnings Snapshot
Middlesex Water (MSEX) Q3 Earnings Lag Estimates
Watch These 5 Stocks That Recently Hiked Their Dividend
Middlesex Water Reports Second Quarter 2022 Earnings
Middlesex Water Declares Dividend
See More Headlines
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MSEX Company Calendar

Last Earnings
10/28/2021
Ex-Dividend for 12/1 Dividend
11/15/2022
Dividend Payable
12/01/2022
Today
1/30/2023
Next Earnings (Estimated)
2/24/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Water supply
Sub-Industry
Water Utilities
Sector
Utilities
Current Symbol
NASDAQ:MSEX
CUSIP
59668010
Employees
347
Year Founded
1897

Price Target and Rating

Average Stock Price Forecast
$99.00
High Stock Price Forecast
$99.00
Low Stock Price Forecast
$99.00
Forecasted Upside/Downside
+19.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$36.54 million
Pretax Margin
27.76%

Debt

Sales & Book Value

Annual Sales
$143.14 million
Cash Flow
$3.50 per share
Book Value
$21.02 per share

Miscellaneous

Free Float
17,300,000
Market Cap
$1.46 billion
Optionable
Optionable
Beta
0.71

Social Links


Key Executives

  • Dennis W. DollDennis W. Doll
    Chairman, President & Chief Executive Officer
  • Robert K. Fullagar
    Vice President-Operations
  • A. Bruce O'ConnorA. Bruce O'Connor
    Chief Financial Officer, Treasurer & Senior VP
  • Georgia M. Simpson
    Vice President-Information Technology
  • Jay L. Kooper
    Secretary, Vice President & General Counsel













MSEX Stock - Frequently Asked Questions

Should I buy or sell Middlesex Water stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Middlesex Water in the last twelve months. There are currently 1 buy rating 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.

What is Middlesex Water's stock price forecast for 2023?

1 Wall Street analysts have issued 1 year price targets for Middlesex Water's stock. Their MSEX share price forecasts range from $99.00 to $99.00. On average, they predict the company's share price to reach $99.00 in the next twelve months. This suggests a possible upside of 15.2% 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 on January 1st, 2023. Since then, MSEX stock has increased by 9.2% and is now trading at $85.93.
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, February 24th 2023.
View our MSEX earnings forecast
.

How were Middlesex Water's earnings last quarter?

Middlesex Water (NASDAQ:MSEX) released its quarterly earnings data on Thursday, October, 28th. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 26.96% and a trailing twelve-month return on equity of 11.12%.

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

Middlesex Water announced a quarterly dividend on Friday, October 21st. Shareholders of record on Wednesday, November 16th will be paid a dividend of $0.313 per share on Thursday, December 1st. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Tuesday, November 15th. This is a positive change from the stock's previous quarterly dividend of $0.29.
Read our dividend analysis for MSEX
.

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 1.45%. 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 52.30%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MSEX will have a dividend payout ratio of 52.52% 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 retail and institutional investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.16%), Comerica Bank (0.13%), Exchange Traded Concepts LLC (0.09%), Yousif Capital Management LLC (0.06%), New York State Teachers Retirement System (0.06%) and Maryland State Retirement & Pension System (0.04%). Insiders that own company 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
.

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 $85.93.

How much money does Middlesex Water make?

Middlesex Water (NASDAQ:MSEX) has a market capitalization of $1.52 billion and generates $143.14 million in revenue each year. The utilities provider earns $36.54 million in net income (profit) each year or $2.39 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 1/30/2023 by MarketBeat.com Staff