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MSEX

Middlesex Water Company

https://www.middlesexwater.com

Industry

Regulated Water

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 New Jersey and Delaware. The company was incorporated in 1896 and is headquartered in Iselin, New Jersey.

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Baird analyst Ben Kallo has downgraded Middlesex Water (NASDAQ:MSEX) from Outperform to Neutral while maintaining the price target at $58.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 9:43 am

Middlesex Water (NASDAQ:MSEX) reported Q2 earnings per share of $0.59, missing the analyst estimate of $0.64 by 7.81%. Sales were $49.15M, slightly below the $49.40M estimate. Despite the misses, EPS increased by 7.27% and sales by 14.82% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:27 pm

Middlesex Water has appointed Mohammed G. Zerhouni as the new Senior Vice President, CFO, and Treasurer. This leadership change could impact the company's strategic direction and financial management.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 8:17 pm

Middlesex Water Company is initiating a $9.7 million project to upgrade Woodbridge, New Jersey's drinking water infrastructure. The project, starting in June 2024, will revamp 18,550 linear feet of water mains and eliminate lead or galvanized steel service lines.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 8:05 pm

Baird analyst Ben Kallo has maintained an Outperform rating on Middlesex Water (NASDAQ:MSEX) and increased the price target from $56 to $58.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:46 am

Middlesex Water (MSEX) reported Q1 2024 earnings of $0.59 per share, surpassing the $0.45 estimate by 31.11%. However, their sales of $40.500M fell short of the $44.550M estimate by 9.09%, despite being a 6.14% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:19 pm

Middlesex Water Company (MSEX) is taking steps to comply with new, stricter federal regulations concerning PFAS (per- and polyfluoroalkyl substances). The company's proactive approach aims to ensure water quality and safety for its customers, aligning with the upcoming regulatory standards.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 9:09 pm

Insiders at Greif, EchoStar, and Middlesex Water have made notable purchases of their companies' stocks, signaling confidence in their respective companies' futures. Greif's CFO acquired shares following upbeat quarterly earnings, EchoStar's Director made a significant purchase despite a year-over-year decrease in EPS, and a Director at Middlesex Water bought shares after the company posted downbeat quarterly results.

Portfolio Pulse from Avi Kapoor

March 11, 2024 | 11:19 am

Baird analyst Ben Kallo maintains an Outperform rating on Middlesex Water (MSEX) but lowers the price target from $69 to $59.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 5:47 pm

Middlesex Water (NASDAQ:MSEX) reported Q4 earnings of $0.32 per share, missing the $0.52 estimate, and sales of $38.60M, missing the $44.90M estimate. This represents a 20% decrease in earnings and a 0.57% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 6:23 am

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