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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.

Open

51.04

Mkt cap

919M

Volume

35K

High

51.87

P/E Ratio

22.37

52-wk high

70.73

Low

51.04

Div yield

0.03

52-wk low

45.42

Middlesex Water Company has declared a quarterly cash dividend of $0.34 per share, payable on March 3, 2025, to shareholders of record as of February 18, 2025.

Portfolio Pulse from

January 28, 2025 | 9:30 pm

The article compares Middlesex Water (MSEX) and SJW Group as utility water supply stocks, highlighting their effectiveness in meeting customer needs for water and wastewater services.

Portfolio Pulse from

December 16, 2024 | 1:45 pm

Middlesex Water Company has appointed Gregory Sorensen as Vice President and Chief Operating Officer, effective December 16, 2024, as part of its strategic succession planning and organizational realignment.

Portfolio Pulse from

November 26, 2024 | 9:30 pm

Baird analyst Ben Kallo maintains a Neutral rating on Middlesex Water (NASDAQ:MSEX) and raises the price target from $58 to $61.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 11:47 am

Middlesex Water (NASDAQ:MSEX) reported strong Q3 2024 results, with EPS of $0.80 beating estimates by 15.94% and sales of $55.1M surpassing expectations by 5.15%. This marks a significant year-over-year growth in both earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 8:55 pm

Middlesex Water (NASDAQ:MSEX) is set to release its quarterly earnings report on October 31, 2024, with analysts estimating an EPS of $0.68. The company's past performance shows mixed results, with a recent history of missing EPS estimates. Analysts have given Middlesex Water a Neutral rating, with a one-year price target suggesting a potential downside. The company shows strong financial metrics like revenue growth and net margin, but its market capitalization is below industry benchmarks.

Portfolio Pulse from Benzinga Insights

October 30, 2024 | 9:02 pm

Middlesex Water has announced an increase in its quarterly dividend from $0.325 to $0.34 per share, reflecting a positive outlook for the company and potential increased returns for investors.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 8:22 pm

Tidewater Utilities, a subsidiary of Middlesex Water Company, has filed for a rate adjustment with the Delaware Public Service Commission to recover $150 million in investments made over the past decade. These investments aim to enhance water quality, service reliability, and infrastructure resiliency.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 8:30 pm

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

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