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Middlesex Water (MSEX) Stock

Profile

Sector:

Utilities

Industry:

Water

Country:

United States

IPO:

21 February 1973

Indexes:

Not included

Description:

Middlesex Water Company is a company engaged in water supply, wastewater treatment, and wastewater disposal. It was formed in 1896 with headquarters in Iselin, New Jersey. It has over 120,000 customers and operates in two segments: regulated and non-regulated. The regulated segment involves providing water supply services to residential, commercial, industrial, and firefighting facilities, as well as wastewater treatment in New Jersey, Delaware, and Pennsylvania, which complies with rules and tariffs set by the states. The non-regulated segment provides maintenance services for private and municipal water supply systems in New Jersey and Delaware on a contractual basis.

Key Details

Price

$65.32

TTM Dividend Yield

2.01%(+3.61% YoY)

Annual Revenue

$166.27 M(+2.36% YoY)

Annual EPS

$1.76(-26.36% YoY)

PE Ratio

28.40(-19.68% YoY)

Beta

0.58

Events Calendar

Earnings

Next earnings date:

Feb 28, 2025

Recent quarterly earnings:

Oct 31, 2024

Recent annual earnings:

Feb 29, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Nov 15, 2024
Splits

Next split:

N/A

Recent split:

Nov 17, 2003

Analyst ratings

Recent major analysts updates

01 Nov '24 Baird
Neutral
05 Aug '24 Baird
Neutral
09 May '24 Baird
Outperform
01 Mar '24 Baird
Outperform
02 May '23 Baird
Outperform
01 Mar '23 Baird
Outperform
24 June '22 Janney Montgomery Scott
Buy
14 Apr '21 Janney Montgomery Scott
Neutral
02 Mar '21 Janney Montgomery Scott
Buy
02 Mar '21 Janney Capital
Buy

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Institutional Ownership

Middlesex Water Names Gregory Sorensen Vice President and Chief Operating Officer
Middlesex Water Names Gregory Sorensen Vice President and Chief Operating Officer
Middlesex Water Names Gregory Sorensen Vice President and Chief Operating Officer
MSEX
globenewswire.com26 November 2024

ISELIN, N.J., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (Nasdaq:MSEX), a provider of water and wastewater and related services primarily in New Jersey and Delaware, today announced that Gregory Sorensen has been named as its Vice President and Chief Operating Officer, effective December 16, 2024, as part of ongoing strategic succession planning and organizational realignment efforts.

Middlesex Water (MSEX) Beats Q3 Earnings and Revenue Estimates
Middlesex Water (MSEX) Beats Q3 Earnings and Revenue Estimates
Middlesex Water (MSEX) Beats Q3 Earnings and Revenue Estimates
MSEX
zacks.com31 October 2024

Middlesex Water (MSEX) came out with quarterly earnings of $0.80 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.56 per share a year ago.

Middlesex Water Announces Third Quarter 2024 Financial Results
Middlesex Water Announces Third Quarter 2024 Financial Results
Middlesex Water Announces Third Quarter 2024 Financial Results
MSEX
globenewswire.com31 October 2024

Diluted earnings per share of $0.80 for the quarter, an increase of 42.9% in comparison to the prior year Common dividend increased by 4.62%. ISELIN, N.J.

Middlesex Water to Report 3rd Quarter 2024 Earnings on October 31
Middlesex Water to Report 3rd Quarter 2024 Earnings on October 31
Middlesex Water to Report 3rd Quarter 2024 Earnings on October 31
MSEX
globenewswire.com21 October 2024

ISELIN, N.J., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX), a provider of water, wastewater and related utility services, plans to announce its financial results for the third quarter ended September 30, 2024 on October 31, 2024 after the market closes. The press release and the company's 10-Q filing will be available in the Investors section of the Company's website.

Middlesex Water Company Announces Retirement of Bernadette Sohler, VP of Corporate Affairs
Middlesex Water Company Announces Retirement of Bernadette Sohler, VP of Corporate Affairs
Middlesex Water Company Announces Retirement of Bernadette Sohler, VP of Corporate Affairs
MSEX
globenewswire.com09 October 2024

ISELIN, N.J., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (the “Company” or “Middlesex”), (Nasdaq:MSEX), a provider of water and wastewater and related services primarily in New Jersey and Delaware, today announced that Bernadette M.

Middlesex Water Named a Finalist in the PR Daily Awards
Middlesex Water Named a Finalist in the PR Daily Awards
Middlesex Water Named a Finalist in the PR Daily Awards
MSEX
globenewswire.com03 October 2024

ISELIN, N.J., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX), a provider of water, wastewater and related utility services, is pleased to announce it has been named a finalist in Ragan's prestigious PR Daily Awards.

Middlesex Water Vice President G. Christian Andreasen to Participate in Upcoming Gabelli Funds PFAS Symposium
Middlesex Water Vice President G. Christian Andreasen to Participate in Upcoming Gabelli Funds PFAS Symposium
Middlesex Water Vice President G. Christian Andreasen to Participate in Upcoming Gabelli Funds PFAS Symposium
MSEX
globenewswire.com20 September 2024

ISELIN, N.J., Sept. 20, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) has announced that its Vice President of Enterprise Engineering, G.

Middlesex Water Company CEO Nadine Leslie and CFO Rally Zerhouni to Participate in Janney Virtual Water Utilities Conference
Middlesex Water Company CEO Nadine Leslie and CFO Rally Zerhouni to Participate in Janney Virtual Water Utilities Conference
Middlesex Water Company CEO Nadine Leslie and CFO Rally Zerhouni to Participate in Janney Virtual Water Utilities Conference
MSEX
globenewswire.com17 September 2024

ISELIN, N.J., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (the “Company” or “Middlesex Water”) has announced that its President and Chief Executive Officer, Nadine Leslie, and Senior Vice President, Chief Financial Officer and Treasurer, Mohammed G. (Rally) Zerhouni, will be participating in the 4th Annual Virtual Water Utilities Conference hosted by Janney Montgomery Scott on Thursday, September 19, 2024 at 1:00 p.m. (ET). Ms. Leslie and Mr. Zerhouni will be providing a Company update. The Conference is a virtual event to be moderated by Michael Gaugler, Janney Senior Analyst and Managing Director, Utility & Infrastructure. The live presentation as well as a replay of the webcast will be available in real time and be posted at https://wsw.com/webcast/jms13/msex/1693846 or on Middlesex Water's website www.middlesexwater.com under Investors at the News & Events/Presentations Tab. The presentation will be available for 90 days.

Middlesex Water Announces Second Quarter 2024 Results
Middlesex Water Announces Second Quarter 2024 Results
Middlesex Water Announces Second Quarter 2024 Results
MSEX
globenewswire.com31 July 2024

Second Quarter 2024 Net Income was $10.5 million, as compared to $9.9 million in 2023, an increase of 6.5%. Second Quarter 2024 Revenues were $49.1 million, as compared to $42.8 million in 2023, an increase of 14.8%.

Middlesex Water Company Names New Chief Financial Officer
Middlesex Water Company Names New Chief Financial Officer
Middlesex Water Company Names New Chief Financial Officer
MSEX
globenewswire.com10 June 2024

ISELIN, N.J., June 10, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ: MSEX) has named Mohammed G.

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FAQ

  • What is the primary business of Middlesex Water?
  • What is the ticker symbol for Middlesex Water?
  • Does Middlesex Water pay dividends?
  • What sector is Middlesex Water in?
  • What industry is Middlesex Water in?
  • What country is Middlesex Water based in?
  • When did Middlesex Water go public?
  • Is Middlesex Water in the S&P 500?
  • Is Middlesex Water in the NASDAQ 100?
  • Is Middlesex Water in the Dow Jones?
  • When was Middlesex Water's last earnings report?
  • When does Middlesex Water report earnings?
  • Should I buy Middlesex Water stock now?

What is the primary business of Middlesex Water?

Middlesex Water Company is a company engaged in water supply, wastewater treatment, and wastewater disposal. It was formed in 1896 with headquarters in Iselin, New Jersey. It has over 120,000 customers and operates in two segments: regulated and non-regulated. The regulated segment involves providing water supply services to residential, commercial, industrial, and firefighting facilities, as well as wastewater treatment in New Jersey, Delaware, and Pennsylvania, which complies with rules and tariffs set by the states. The non-regulated segment provides maintenance services for private and municipal water supply systems in New Jersey and Delaware on a contractual basis.

What is the ticker symbol for Middlesex Water?

The ticker symbol for Middlesex Water is NASDAQ:MSEX

Does Middlesex Water pay dividends?

Yes, Middlesex Water pays dividends. The last payment was $0.34, with an ex-dividend date on 15 November 2024

What sector is Middlesex Water in?

Middlesex Water is in the Utilities sector

What industry is Middlesex Water in?

Middlesex Water is in the Water industry

What country is Middlesex Water based in?

Middlesex Water is headquartered in United States

When did Middlesex Water go public?

Middlesex Water's initial public offering (IPO) was on 21 February 1973

Is Middlesex Water in the S&P 500?

No, Middlesex Water is not included in the S&P 500 index

Is Middlesex Water in the NASDAQ 100?

No, Middlesex Water is not included in the NASDAQ 100 index

Is Middlesex Water in the Dow Jones?

No, Middlesex Water is not included in the Dow Jones index

When was Middlesex Water's last earnings report?

Middlesex Water's most recent earnings report was on 31 October 2024

When does Middlesex Water report earnings?

The next expected earnings date for Middlesex Water is 28 February 2025

Should I buy Middlesex Water stock now?

As of today, analysts generally recommend a 'Buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions