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NASDAQ:MSEX

Middlesex Water (MSEX) Stock Price, News & Analysis

Middlesex Water logo
$65.70 +0.01 (+0.02%)
(As of 11:15 AM ET)

About Middlesex Water Stock (NASDAQ:MSEX)

Key Stats

Today's Range
$65.12
$66.15
50-Day Range
$61.19
$69.70
52-Week Range
$45.42
$73.47
Volume
9,872 shs
Average Volume
131,909 shs
Market Capitalization
$1.17 billion
P/E Ratio
28.57
Dividend Yield
2.07%
Price Target
$61.00
Consensus Rating
Hold

Company Overview

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 Jersey and Delaware. Middlesex Water Company was incorporated in 1896 and is headquartered in Iselin, New Jersey.

Middlesex Water Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
35th Percentile Overall Score

MSEX MarketRank™: 

Middlesex Water scored higher than 35% of companies evaluated by MarketBeat, and ranked 77th out of 92 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Middlesex Water has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Middlesex Water has only been the subject of 1 research reports in the past 90 days.

  • Read more about Middlesex Water's stock forecast and price target.
  • Earnings Growth

    Earnings for Middlesex Water are expected to grow by 2.14% in the coming year, from $2.34 to $2.39 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Middlesex Water is 28.56, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.73.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Middlesex Water is 28.56, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 98.92.

  • Price to Book Value per Share Ratio

    Middlesex Water has a P/B Ratio of 2.65. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Middlesex Water's valuation and earnings.
  • Percentage of Shares Shorted

    4.55% of the float of Middlesex Water has been sold short.
  • Short Interest Ratio / Days to Cover

    Middlesex Water has a short interest ratio ("days to cover") of 8.8.
  • Change versus previous month

    Short interest in Middlesex Water has recently decreased by 0.87%, indicating that investor sentiment is improving.
  • Dividend Yield

    Middlesex Water pays a meaningful dividend of 2.06%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Middlesex Water has been increasing its dividend for 52 years.

  • Dividend Coverage

    The dividend payout ratio of Middlesex Water is 59.13%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Middlesex Water will have a dividend payout ratio of 56.90% next year. This indicates that Middlesex Water will be able to sustain or increase its dividend.

  • Read more about Middlesex Water's dividend.
  • Percentage of Shares Shorted

    4.55% of the float of Middlesex Water has been sold short.
  • Short Interest Ratio / Days to Cover

    Middlesex Water has a short interest ratio ("days to cover") of 8.8.
  • Change versus previous month

    Short interest in Middlesex Water has recently decreased by 0.87%, indicating that investor sentiment is improving.
  • Search Interest

    Only 1 people have searched for MSEX on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Middlesex Water insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 1.86% of the stock of Middlesex Water is held by insiders.

  • Percentage Held by Institutions

    79.52% of the stock of Middlesex Water is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Middlesex Water's insider trading history.
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MSEX Stock News Headlines

Middlesex Water Secures Executive Retention Amid Changes
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Middlesex Water price target raised to $61 from $58 at Baird
Middlesex Water reports Q3 EPS 80c, consensus 68c
Middlesex Water Reports Strong Q3 Earnings Growth
Middlesex Water increases quarterly dividend 4.62% to 34c per share
See More Headlines

MSEX Stock Analysis - Frequently Asked Questions

Middlesex Water's stock was trading at $65.62 at the beginning of the year. Since then, MSEX stock has increased by 0.1% and is now trading at $65.68.
View the best growth stocks for 2024 here
.

Middlesex Water (NASDAQ:MSEX) posted its quarterly earnings data on Thursday, October, 31st. The utilities provider reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.13. The utilities provider earned $55.10 million during the quarter, compared to analysts' expectations of $50 million. Middlesex Water had a trailing twelve-month return on equity of 9.58% and a net margin of 22.53%.

Top institutional shareholders of Middlesex Water include State Street Corp (4.56%), Geode Capital Management LLC (2.43%), KBC Group NV (1.43%) and Thematics Asset Management (1.01%). Insiders that own company stock include James F Jr Cosgrove, Walter G Reinhard, Bernadette M Sohler, Robert John Capko, Lorrie Beth Ginegaw, G Christian Jr Andreasen and Dennis W Doll.
View institutional ownership trends
.

Shares of MSEX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Middlesex Water investors own include Waste Connections (WCN), The RMR Group (RMR), iShares Micro-Cap ETF (IWC), DiamondRock Hospitality (DRH), American Water Works (AWK), AUO (AUOTY) and Triple Flag Precious Metals (TFPM).

Company Calendar

Ex-Dividend for 9/3 Dividend
8/15/2024
Dividend Payable
9/03/2024
Last Earnings
10/31/2024
Ex-Dividend for 12/2 Dividend
11/15/2024
Today
11/21/2024
Dividend Payable
12/02/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
3/06/2025

Industry, Sector and Symbol

Sector
Utilities
Industry
Water supply
Sub-Industry
Water Utilities
Current Symbol
NASDAQ:MSEX
CUSIP
59668010
Employees
350
Year Founded
1897

Price Target and Rating

Average Stock Price Target
$61.00
High Stock Price Target
$61.00
Low Stock Price Target
$61.00
Potential Upside/Downside
-7.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$31.52 million
Pretax Margin
25.97%

Debt

Sales & Book Value

Annual Sales
$166.27 million
Cash Flow
$3.40 per share
Book Value
$24.75 per share

Miscellaneous

Free Float
17,523,000
Market Cap
$1.17 billion
Optionable
Optionable
Beta
0.79

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This page (NASDAQ:MSEX) was last updated on 11/21/2024 by MarketBeat.com Staff
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