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NASDAQ:MSEXMiddlesex Water Stock Price, Forecast & News

$67.86
+1.92 (+2.91 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$64.88
Now: $67.86
$68.05
50-Day Range
$57.00
MA: $61.36
$66.52
52-Week Range
$48.79
Now: $67.86
$69.92
Volume62,419 shs
Average Volume65,732 shs
Market Capitalization$1.18 billion
P/E Ratio33.10
Dividend Yield1.51%
Beta0.22
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.5Community Rank: 2.5Dividend Strength: 5.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.13 out of 5 stars


Industry, Sector and Symbol

Industry Water supply
Sub-IndustryWater Utilities
SectorUtilities
Current SymbolNASDAQ:MSEX
CUSIP59668010
Phone732-634-1500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$134.60 million
Cash Flow$2.93 per share
Book Value$18.77 per share

Profitability

Net Income$33.89 million

Miscellaneous

Employees330
Market Cap$1.18 billion
Next Earnings Date7/29/2020 (Estimated)
OptionableOptionable

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Middlesex Water (NASDAQ:MSEX) Frequently Asked Questions

How has Middlesex Water's stock been impacted by COVID-19 (Coronavirus)?

Middlesex Water's stock was trading at $58.52 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MSEX stock has increased by 16.0% and is now trading at $67.86. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Middlesex Water?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Middlesex Water in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Middlesex Water.

When is Middlesex Water's next earnings date?

Middlesex Water is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Middlesex Water.

How were Middlesex Water's earnings last quarter?

Middlesex Water (NASDAQ:MSEX) released its quarterly earnings data on Tuesday, May, 5th. The utilities provider reported $0.44 EPS for the quarter, beating the Zacks' consensus estimate of $0.38 by $0.06. The utilities provider had revenue of $31.77 million for the quarter, compared to the consensus estimate of $32 million. Middlesex Water had a return on equity of 11.75% and a net margin of 25.78%. View Middlesex Water's earnings history.

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

Middlesex Water declared a quarterly dividend on Friday, April 24th. Investors of record on Friday, May 15th will be given a dividend of $0.2563 per share on Monday, June 1st. This represents a $1.03 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Thursday, May 14th. This is a boost from Middlesex Water's previous quarterly dividend of $0.26. View Middlesex Water's dividend history.

What price target have analysts set for MSEX?

2 equities research analysts have issued 12-month price targets for Middlesex Water's stock. Their forecasts range from $69.00 to $80.00. On average, they anticipate Middlesex Water's stock price to reach $74.50 in the next twelve months. This suggests a possible upside of 9.8% from the stock's current price. View analysts' price targets for Middlesex Water.

Has Middlesex Water been receiving favorable news coverage?

News headlines about MSEX stock have trended extremely negative recently, InfoTrie reports. The research firm rates the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Middlesex Water earned a news sentiment score of -4.3 on InfoTrie's scale. They also gave news headlines about the utilities provider a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutMiddlesex Water.

Who are some of Middlesex Water's key competitors?

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), Southern (SO), AT&T (T), Realty Income (O), AbbVie (ABBV), Consolidated Edison (ED), Enterprise Products Partners (EPD), Gilead Sciences (GILD), Medtronic (MDT) and PepsiCo (PEP).

Who are Middlesex Water's key executives?

Middlesex Water's management team includes the following people:
  • Mr. Dennis W. Doll CPA, Chairman, Pres & CEO (Age 60)
  • Mr. A. Bruce O'Connor CPA, CPA, Sr. VP, Treasurer & CFO (Age 60)
  • Mr. Richard M. Risoldi, Sr. VP of Operations & COO (Age 62)
  • Mr. Jay L. Kooper Esq., VP, Gen. Counsel & Sec. (Age 46)
  • Ms. Lorrie Beth Ginegaw, VP of HR (Age 44)

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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (7.88%), Pictet Asset Management Ltd. (2.15%), State Street Corp (2.03%), Eaton Vance Management (1.99%), Geode Capital Management LLC (1.54%) and First Manhattan Co. (1.51%). Company insiders that own Middlesex Water stock include A Bruce Oconnor, Bernadette M Sohler, Dennis W Doll, Georgia M Simpson, Lorrie Beth Ginegaw, Robert K Fullagar 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, AQR Capital Management LLC, Thrivent Financial for Lutherans, Morgan Stanley, Morgan Stanley, JPMorgan Chase & Co., First Manhattan Co., and Martingale Asset Management L P. Company insiders that have sold Middlesex Water company stock in the last year include A Bruce Oconnor, Bernadette M Sohler, Georgia M Simpson, Lorrie Beth Ginegaw, Robert K Fullagar, and Walter G Reinhard. View insider buying and selling activity for Middlesex Water.

Which institutional investors are buying Middlesex Water stock?

MSEX stock was acquired by a variety of institutional investors in the last quarter, including Eaton Vance Management, BlackRock Inc., Geode Capital Management LLC, Nuveen Asset Management LLC, Advisor Group Holdings Inc., Boenning & Scattergood Inc., Mackay Shields LLC, and Alliancebernstein L.P.. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Middlesex Water's stock price today?

One share of MSEX stock can currently be purchased for approximately $67.86.

How big of a company is Middlesex Water?

Middlesex Water has a market capitalization of $1.18 billion and generates $134.60 million in revenue each year. The utilities provider earns $33.89 million in net income (profit) each year or $2.01 on an earnings per share basis. Middlesex Water employs 330 workers across the globe.

What is Middlesex Water's official website?

The official website for Middlesex Water is www.middlesexwater.com.

How can I contact Middlesex Water?

Middlesex Water's mailing address is 485C ROUTE 1 SOUTH, ISELIN NJ, 08830. The utilities provider can be reached via phone at 732-634-1500 or via email at [email protected]

This page was last updated on 5/31/2020 by MarketBeat.com Staff

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