Middlesex Water/MSEX

$48.00

2.91%
-
1D1W1MYTD1YMAX

About Middlesex Water

Middlesex Water Company is a water utility company. The Company owns and operates regulated water utility and wastewater systems primarily in New Jersey and Delaware. It also operates water and wastewater systems under contract on behalf of municipal and private clients primarily in New Jersey and Delaware. The Company operates through two segments: Regulated and Non-Regulated. The Regulated segment is engaged in the business of collecting, treating and distributing water on a retail and wholesale basis to residential, commercial, industrial and fire protection customers in parts of New Jersey and Delaware. The Non-Regulated segment primarily consists of non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware. The Company's subsidiaries include Tidewater Utilities, Inc. (Tidewater), Pinelands Water Company, Utility Service Affiliates, Inc. and Utility Service Affiliates (Perth Amboy) Inc.

Ticker

MSEX

Sector

Utilities

Trading on

NASDAQ

Industry

Water Utilities

CEO

Dennis Doll

Employees

355

Headquarters

Iselin, United States

Middlesex Water Metrics

BasicAdvanced
$830.82M
Market cap
26.45
P/E ratio
$1.76
EPS
0.76
Beta
$1.26
Dividend rate
2.79%
Dividend yield
$830.82M
0.76425
$84.38
$45.42
180.18K
$1.26
1.045
0.978
84.256
96.134
71.46%
2.98%
2.73%
7.63%
3.02%
26.45
4.997
1.965
1.955
1.39%
2.71%
2.79%
2.36%
-26.31%
5.5%
-6.87%
6.63%

What the Analysts think about Middlesex Water

Analyst Ratings

Majority rating from 2 analysts.
Buy

Price Targets

Average projection from 2 analysts.
28.13% upside
High $67.00
Low $56.00
$48.00
Current price
$61.50
Average price target

Middlesex Water Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
14.76% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$38.6M
-17.34%
Net income
$5.7M
-42.42%
Profit margin
14.76%
-30.34%

Middlesex Water Earnings Performance

Earnings per share (EPS)

Company profitability
Missed by 38.46%
QuarterlyAnnual
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Actual
$0.33
$0.55
$0.56
$0.32
-
Expected
$0.47
$0.60
$0.87
$0.52
$0.47
Surprise
-29.79%
-8.33%
-35.63%
-38.46%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

Upcoming events

FAQs

What’s the current market cap for Middlesex Water stock?

Middlesex Water (MSEX) has a market cap of $830.82M as of April 20, 2024.

What is the P/E ratio for Middlesex Water stock?

The price to earnings (P/E) ratio for Middlesex Water (MSEX) stock is 26.45 as of April 20, 2024.

Does Middlesex Water stock pay dividends?

Yes, the Middlesex Water (MSEX) stock pays dividends to shareholders. As of April 20, 2024, the dividend rate is $1.2625 and the yield is 2.79%. Middlesex Water has a payout ratio of 71.46% on a trailing twelve-month basis.

When is the next Middlesex Water dividend payment date?

The next Middlesex Water (MSEX) dividend payment date is unconfirmed.

What is the beta indicator for Middlesex Water?

Middlesex Water (MSEX) has a beta rating of 0.76. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.

What is the Middlesex Water stock price target?

The target price for Middlesex Water (MSEX) stock is $61.5, which is 28.13% above the current price of $48. This is an average based on projections from 2 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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