Middlesex Water Company (MSEX)
| Market Cap | 1.17B |
| Revenue (ttm) | 166.50M |
| Net Income (ttm) | 32.81M |
| Shares Out | 17.81M |
| EPS (ttm) | 1.84 |
| PE Ratio | 35.66 |
| Forward PE | 27.38 |
| Dividend | $1.30 (1.98%) |
| Ex-Dividend Date | Nov 15, 2023 |
| Volume | 82,298 |
| Open | 67.00 |
| Previous Close | 67.23 |
| Day's Range | 65.34 - 67.15 |
| 52-Week Range | 61.34 - 90.56 |
| Beta | 0.72 |
| Analysts | Buy |
| Price Target | 85.00 (+29.53%) |
| Earnings Date | Feb 23, 2024 |
About MSEX
Middlesex Water Company owns and operates regulated water utility and wastewater systems. It operates in two segments, Regulated and Non-Regulated. The Regulated segment collects, treats, and distributes water on a retail and wholesale basis to residential, commercial, industrial, and fire protection customers, as well as provides 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 Ne... [Read more]
Financial Performance
In 2022, MSEX's revenue was $162.43 million, an increase of 13.48% compared to the previous year's $143.14 million. Earnings were $42.31 million, an increase of 16.16%.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for MSEX stock is "Buy" and the 12-month stock price forecast is $85.0.
News
Tidewater Presents Charity Outing Proceeds to Food Bank of Delaware
DOVER, Del., Dec. 20, 2023 (GLOBE NEWSWIRE) -- Tidewater Utilities, Inc. (Tidewater), a water service provider and a wholly-owned subsidiary of Middlesex Water Company recently presented a check for $...
Tidewater Utilities Announces Promotion
DOVER, Del., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Tidew a ter Utilities, Inc., (Tidewater) a wholly owned subsidiary of Middlese x Water Company (NASDAQ: MSEX) has promoted John W.
Middlesex Water Company Earns Governance, Infrastructure Honors
ISELIN, N.J., Nov. 15, 2023 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ: MSEX), a leading provider of water, wastewater and related services, announced it was selected the Winner by an indepen...
Middlesex Water Announces Third Quarter 2023 Financial Results
ISELIN, N.J., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Middlesex Water Company (“Middlesex” or the “Company”) (NASDAQ:MSEX) a provider of water and wastewater services, today announced third quarter financia...
Middlesex Water Company Named a Corporate Governance Award Finalist
ISELIN, N.J., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ: MSEX), a leading provider of water and wastewater services, is proud to announce that it has been named a finalist for ...
Middlesex Water Company Increases Common Dividend by 4.0%
ISELIN, N.J., Oct. 20, 2023 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) announced today that its Board of Directors has declared a cash dividend of $0.325 per share on its common stock, ...
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Middlesex Water CEO Dennis Doll Honored with NJBIZ Icon Award
ISELIN, N.J., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Dennis W. Doll, Chairman, President and CEO of the Iselin-based Middlesex Water Company was honored with an NJBIZ 2023 Icon Award during a ceremony held...
Middlesex Water Announces Second Quarter 2023 Financial Results
ISELIN, N.J., July 28, 2023 (GLOBE NEWSWIRE) -- Middlesex Water Company (“Middlesex” or the “Company”) (NASDAQ:MSEX) a provider of water and wastewater services, today announced second quarter financi...
Middlesex Water $52 Million Plant to Treat Ground Water for PFAS Compounds Now in Service
ISELIN, N.J., July 25, 2023 (GLOBE NEWSWIRE) -- Middlesex Water Company has announced that construction of an upgraded treatment plant at its Park Avenue wellfield in South Plainfield, New Jersey to t...
Middlesex Water Company Declares Quarterly Cash Dividend
ISELIN, N.J., July 20, 2023 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) announced today that its Board of Directors has declared a cash dividend of $0.3125 per share on its common stock,...
Middlesex Water Company Announces New Customer Service Appointment and Department Promotions
ISELIN, N.J., July 11, 2023 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) recently announced staff changes in its Customer Service Department reflecting its ongoing commitment to superior ...
Middlesex Water Company Drinking Water Quality Reports Now Available
ISELIN, N.J., July 06, 2023 (GLOBE NEWSWIRE) -- Annual Drinking Water Quality Reports are now available for Middlesex Water Company and its subsidiaries including Tidewater Utilities, Pinelands Water ...
Middlesex Water Reports Voting Results From Its 2023 Annual Shareholders Meeting
ISELIN, N.J., May 24, 2023 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX), a provider of water and wastewater and related services held its Annual Meeting of Shareholders exclusively online...
Middlesex Water Company President and CEO Announces Retirement
ISELIN, N.J., May 16, 2023 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) President and Chief Executive Officer, Dennis W.
Middlesex Water Files for Rate Adjustment
ISELIN, N.J., May 15, 2023 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) (Middlesex or the Company) today filed a petition with the New Jersey Board of Public Utilities (NJBPU) requesting ...
Middlesex Water Reports First Quarter 2023 Earnings
ISELIN, N.J., May 01, 2023 (GLOBE NEWSWIRE) -- Middlesex Water Company (“Middlesex” or the “Company”) (NASDAQ:MSEX) a provider of water and wastewater services, today reported first quarter financial ...
Middlesex Water Company Declares Quarterly Cash Dividend, Announces Annual Meeting of Shareholders
ISELIN, N.J., April 28, 2023 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) announced today that its Board of Directors has declared a cash dividend of $0.3125 per share on its common stock...
Middlesex Water Company Announces $11.1 Million Project To Upgrade Water Mains in Carteret and Port Reading
ISELIN, N.J., April 17, 2023 (GLOBE NEWSWIRE) -- Middlesex Water Company (Middlesex) has announced that beginning in May 2023, it will begin an $11.1 million initiative to upgrade drinking water infra...
Tidewater Utilities, Inc. Names Bruce E. Patrick Executive Vice President
DOVER, Del., April 05, 2023 (GLOBE NEWSWIRE) -- Tidewater Utilities, Inc., (Tidewater) a wholly-owned subsidiary of Middlesex Water Company (NASDAQ:MSEX) has named Bruce E. Patrick, P.E., Executive Vi...
Middlesex Water Company Appoints Robert Capko Principal Accounting Officer
ISELIN, N.J., April 03, 2023 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) has named Robert J. Capko, Principal Accounting Officer, effective April 1, 2023.
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Middlesex Water Announces 2022 Year End Results
ISELIN, N.J., Feb. 24, 2023 (GLOBE NEWSWIRE) -- Middlesex Water Company (“Middlesex” or the “Company”) (NASDAQ:MSEX) today announced financial results for the year ended December 31, 2022.
Middlesex Water Company Announces Discount on Investment Plan Common Stock Purchases
ISELIN, N.J., Feb. 08, 2023 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) today announced a discount on purchases of its Common Stock purchased through the Company's Investment Plan (the “...