Middlesex Water Company (MSEX)
| Market Cap | 1.02B |
| Revenue (ttm) | 168.64M |
| Net Income (ttm) | 36.22M |
| Shares Out | 17.83M |
| EPS (ttm) | 2.02 |
| PE Ratio | 28.32 |
| Forward PE | 24.93 |
| Dividend | $1.30 (2.28%) |
| Ex-Dividend Date | May 14, 2024 |
| Volume | 23,050 |
| Open | 57.27 |
| Previous Close | 57.21 |
| Day's Range | 56.35 - 57.48 |
| 52-Week Range | 45.42 - 84.38 |
| Beta | 0.74 |
| Analysts | Buy |
| Price Target | 58.00 (+1.86%) |
| Earnings Date | May 8, 2024 |
About MSEX
Middlesex Water Company owns and operates regulated water utility and wastewater systems. It operates in Regulated and Non-Regulated segments. 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 New Jer... [Read more]
Financial Performance
In 2023, MSEX's revenue was $166.27 million, an increase of 2.36% compared to the previous year's $162.43 million. Earnings were $31.40 million, a decrease of -25.77%.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for MSEX stock is "Buy" and the 12-month stock price forecast is $58.0.
News
Middlesex Water Announces First Quarter 2024 Results
HIGHLIGHTS First Quarter 2024 Net Income was $10.7 million, as compared to $5.9 million in 2023, an increase of 82.1% First Quarter 2024 Diluted Earnings Per Share were $0.59, as compared to $0.33 in ...
Middlesex Water Company Declares Quarterly Cash Dividend
ISELIN, N.J., April 25, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) has announced that its Board of Directors has declared a cash dividend of $0.325 per share on its common stock, p...
Tidewater Utilities Announces Strategy for Compliance With New EPA PFAS Regulation
DOVER, Del., April 15, 2024 (GLOBE NEWSWIRE) -- Tidewater Utilities, Inc., (Tidewater) a wholly owned subsidiary of Middlesex Water Company (NASDAQ: MSEX), is prepared to comply with the United States...
Middlesex Water Has Implemented Its Strategy for Compliance With New More Stringent Federal Regulations for PFAS
ISELIN, N.J., April 11, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ: MSEX), in line with its ongoing commitment to delivering safe, clean and reliable water services, is well positioned t...
Jay L. Kooper, Middlesex Water Company's General Counsel, Named a Leader in Law by NJBIZ
ISELIN, N.J., March 25, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX), a provider of water, wastewater and related utility services, is pleased to announce that its Vice President, Ge...
Middlesex Water Announces 2023 Year End Results
ISELIN, N.J., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (“Middlesex” or the “Company”) (NASDAQ:MSEX) today announced financial results for the year ended December 31, 2023.
Middlesex Water Company Declares Quarterly Cash Dividend
ISELIN, N.J., Jan. 29, 2024 (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, ...
Middlesex Water Company Names New President & CEO
ISELIN, N.J. , Jan. 23, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ: MSEX) has named Nadine Leslie as its new President & CEO effective March 1, 2024.
Top 2 Utilities Stocks That Could Blast Off In January - Middlesex Water (NASDAQ:MSEX), PNM Resources (NYSE:PNM)
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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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Top 3 Utilities Stocks That May Explode This Quarter - Middlesex Water (NASDAQ:MSEX), AES (NYSE:AES)
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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 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 ...