Middlesex Water Company MSEX

53.47 0.56 1.06% as of 25 Sep
Market cap
$997.0M
P/E
20.6×
Growth Flags show if company had growth for consecutive years,
Insider Buys alert about insiders buying in the last 12 month

Insider Decisions

Total buys 0.11
Total sells 0.09
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — 1 — — — — — — —
Sell — 1 — — 1 1 — — — — 1 —
Insider Ownership 1.75%

Capital & Financial Ratios

Market Cap 997.03
Revenue 206.14
Net Income 47.94
Free Cash Flow (40.55)
Net Debt 401.45
Current Ratio 0.50
Debt/Equity 0.77
P/E ratio 20.57
P/S ratio 4.83
P/B ratio 1.91
Past 5Y EPS Growth 4.16%
This Y EPS Growth 12.85%
Next Y EPS Growth 4.01%
Next 5Y EPS Growth 7.36%
in millions of $

Dividends

Payout Ratio 0.59
Annual Dividend Rate 1.25
Annual Dividend Yield 2.25%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.44
0.36
0.36
0.36
2025 1.38
0.34
0.34
0.34
0.36
2024 1.32
0.33
0.33
0.33
0.34
2023 1.26
0.31
0.31
0.31
0.33
2022 1.18
0.29
0.29
0.29
0.31
2021 1.11
0.27
0.27
0.27
0.29
2020 1.04
0.26
0.26
0.26
0.27
2019 0.98
0.24
0.24
0.24
0.26
2018 0.91
0.22
0.22
0.22
0.24
2017 0.86
0.21
0.21
0.21
0.22
2016 0.81
0.20
0.20
0.20
0.21
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 2 4 3 2
Receivables 18 19 19 21
Inventory 7 7 8 9
Other 79 11 9 14
109 43 42 52
2023 2024 2025 Q'26
Payables 28 28 31 31
ST’ Debt 8 8 8 8
Other 11 8 7 9
104 83 94 105
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 4.45% 6.58% 6.22%
Cash Flow 2.03% 3.25% 0.67%
Earnings 7.95% 2.22% 0.34%
Book Value 9.01% 7.30% 7.17%

Revenue

Mar Jun Sep Dec Year
’26 49 56 — — —
’25 44 49 54 47 195
’24 41 49 55 47 192
’23 38 43 47 39 166
’22 36 40 48 39 162
’21 33 37 40 34 143
’20 32 35 40 35 142
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 12 16 — — —
’25 14 18 12 18 63
’24 7 11 19 21 59
’23 16 13 11 13 53
’22 14 13 17 17 61
’21 9 5 4 14 33
’20 16 5 17 16 53
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 (9) (16) — — —
’25 (5) (13) (9) (6) (34)
’24 (8) (3) (1) (4) (16)
’23 (9) (13) (12) (4) (37)
’22 (3) (10) (9) (8) (30)
’21 (13) (19) (11) (4) (46)
’20 (9) (16) (9) (19) (52)
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 0.57 0.79 — — —
’25 0.53 0.60 0.77 0.46 2.36
’24 0.59 0.59 0.80 0.49 2.47
’23 0.33 0.55 0.56 0.32 1.76
’22 0.68 0.50 0.80 0.40 2.39
’21 0.39 0.62 0.65 0.41 2.07
’20 0.44 0.55 0.72 0.47 2.18
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
25.00 32.23 33.96 51.02 48.79 67.09 74.20 61.34 45.42 44.17

Analyst estimates 2026–2028

Powerpack
Low Price
44.48 46.74 60.31 67.69 76.08 121.43 121.10 90.56 70.73 67.09
High Price
309 315 330 352 348 347 350 355 360 395
Employees
0 0 0 0 0 0 0 0 1 0
Revenue/Emp
133 131 138 135 142 143 162 166 192 195
Revenue
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Gross Margin
34 34 33 31 34 31 46 33 51 48
EBT
25.94% 25.93% 24.17% 22.84% 24.23% 21.70% 28.12% 19.59% 26.71% 24.47%
EBT Margin
23 23 32 34 38 37 42 32 44 43
Net Income
14 15 16 17 21 27 27 29 28 32
Depreciation
8.17 8.01 8.43 8.07 8.11 8.18 9.23 9.38 10.75 10.76
Revenue/Sh
1.39 1.39 1.97 2.02 2.19 2.08 2.40 1.77 2.48 2.36
Earnings/Sh
2.89 2.62 2.80 2.16 3.06 1.89 3.49 2.98 3.29 3.46
Cash Flow/Sh
(2.91) (3.08) (4.40) (5.34) (6.05) (4.54) (5.19) (5.09) (4.18) (5.32)
Capex/Sh
(0.02) (0.46) (1.60) (3.18) (2.99) (2.65) (1.70) (2.11) (0.89) (1.87)
Free CF/Sh
13.58 14.18 15.33 19.53 19.95 21.14 22.87 23.97 25.05 27.37
Book Value/Sh
16 16 16 17 17 17 18 18 18 18
Shares
29.73 27.92 26.94 31.47 33.09 57.84 33.37 36.56 21.22 21.36
PE Ratio
5.06 4.88 6.33 7.88 8.94 14.70 8.68 6.90 4.89 4.69
PS Ratio
3.08 2.79 3.51 3.28 3.65 5.72 3.52 2.71 2.11 1.85
PB Ratio
6.09 5.96 7.46 9.63 10.89 16.86 10.55 9.09 6.75 6.66
EV/Sales
(2,661.49) (104.49) (39.29) (24.43) (29.49) (52.08) (57.15) (40.40) (81.51) (38.40)
EV/FCF
47 43 46 36 53 33 61 53 59 63
Op' Cash Flow
(47) (50) (72) (89) (106) (79) (91) (90) (75) (96)
Capex
0 (7) (26) (53) (52) (46) (30) (37) (16) (34)
FCF
(20) (35) (64) (36) (23) (22) (81) 5 (40) (52)
Working Cap'
141 146 160 238 280 313 308 366 361 387
Total Debt
137 141 156 236 276 310 304 364 356 384
Net Debt
221 232 251 326 348 370 402 425 447 495
Sh' Equity
3.76% 3.54% 4.52% 4.02% 4.06% 3.65% 4.04% 2.72% 3.55% 3.26%
ROA
7.04% 6.34% 5.69% 3.95% 3.75% 3.05% 4.19% 3.11% 4.14% 3.87%
ROIC
10.63% 10.13% 13.52% 11.79% 11.43% 10.20% 11.02% 7.63% 10.19% 9.10%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Middlesex Water Company peers in Utilities Regulated Water

All 13 Utilities Regulated Water stocks →

Middlesex Water Company (MSEX) key facts

  • Middlesex Water Company (MSEX) is an Utilities Regulated Water company in the Utilities sector, listed on Nasdaq.
  • Middlesex Water Company’s revenue for fiscal 2025 (year ended December 2025) was $194.7 million, up 1.47% from fiscal 2024.
  • Net income was $42.8 million, or $2.36 per share (basic), a net margin of 22.0%.
  • As of September 25, 2026, MSEX traded at $53.47, a market capitalization of $997.0 million.
  • At that price the stock trades at 20.6× trailing-twelve-month earnings and 4.8× sales.
  • Middlesex Water Company pays an annual dividend of $1.25 per share, a yield of 2.25%, with a payout ratio of 58.7%.
  • Return on equity was 9.10% and debt-to-equity 0.77.

Source: company filings (standardised) and stockrow calculations.

Middlesex Water Company (MSEX) Latest News

News by impact score

Fine-tune

4 May

4

Analysts are pretty bullish on Middlesex Water Company (MSEX) stock after recent results. Bullish analyst sentiment following recent results likely boosts investor confidence and significantly influences MSEX stock trajectory.

30 Apr

3

Middlesex Water Company reported first quarter 2026 earnings. Quarterly earnings reports provide key financial metrics that moderately influence stock performance and investor sentiment.

12 Mar

4

Middlesex Water Company (MSEX) announces 2025 earnings. 2025 earnings announcement delivers critical financial guidance shaping investor sentiment and stock trajectory.

19 Feb

4

Middlesex Water Company reported its 2025 earnings. 2025 earnings disclosure significantly influences MSEX's financial outlook and stock performance.

3

Middlesex Water Company (MSEX) reported Q4 earnings per share of 32 cents, beating analyst expectations of 26 cents, with revenue of $38.0 million missing estimates of $40.2 million. Q4 earnings beat on EPS but revenue miss moderately affects financial performance and investor sentiment.

30 Jan

3

Middlesex Water Company has completed the acquisition of the Pinewood Acres water system through its subsidiary, which is expected to enhance service delivery and expand its customer base in the region. The acquisition aligns with the company's growth strategy and commitment to providing reliable water services. The acquisition is expected to moderately influence the company's operations and customer base, but its overall impact on financial performance may be limited.

19 Jan

3

Middlesex Water Company (NASDAQ:MSEX) has garnered significant interest from institutional investors, who collectively own 79% of the company's shares. This strong institutional backing highlights investor confidence in Middlesex Water's business model and growth potential, positioning it favorably in the market. Strong institutional ownership may influence market sentiment and financial performance but is not expected to fundamentally alter the company's trajectory.

5 Jan

3

Middlesex Water Company (MSEX) shares are estimated to be 27% above their intrinsic value, indicating potential for growth. Analysts suggest that the company's strong fundamentals and market position contribute to this valuation. Investors may find this an opportune moment to consider MSEX as a viable investment option, given the positive outlook. The intrinsic value estimate suggests a moderately noticeable influence on investor sentiment and potential financial performance.

20 Dec

3

Middlesex Water Company (MSEX) investors have experienced a significant loss of 36% over the past three years. The company's stock performance has raised concerns among shareholders, reflecting broader challenges in the water utility sector. Factors contributing to this decline include regulatory pressures and market dynamics that have affected profitability and growth prospects. The stock's decline indicates moderate challenges that may impact financial performance and investor sentiment.

30 Nov

3

Middlesex Water Company's stock performance has been disappointing, reflecting weak fundamentals that raise concerns about its financial health and operational efficiency. Analysts point to declining revenues and increased operational costs as key factors contributing to the company's struggles. The overall market sentiment towards MSEX remains negative, with investors wary of its ability to recover and generate sustainable growth in the future. Weak fundamentals and declining revenues are expected to moderately influence the company's financial performance and market perception.

16 Nov

3

Middlesex Water Company (MSEX) is being evaluated as a potential investment opportunity amid discussions about its financial performance and market position. Analysts are considering factors such as the company's growth prospects, dividend history, and the overall water utility sector's stability. The article highlights the importance of assessing MSEX's strategic initiatives and market conditions before making investment decisions. Middlesex Water Company's performance may be influenced by market conditions and strategic initiatives, but the overall effect is expected to be somewhat limited.

31 Oct

4 earnings

Middlesex Water Company reported its Q3 earnings, showcasing a notable increase in revenue and net income compared to the previous year. The company attributed this growth to higher water sales and effective cost management strategies. Additionally, Middlesex Water highlighted ongoing infrastructure investments aimed at enhancing service delivery and operational efficiency. The management expressed optimism about future growth prospects, driven by strategic initiatives and favorable regulatory conditions. Significant growth in revenue and net income, along with strategic infrastructure investments, indicate a strong potential for future performance.

4 earnings

Middlesex Water Company reported its third quarter 2025 earnings, highlighting a significant increase in revenue and net income compared to the previous year. The company attributed this growth to improved operational efficiency and increased demand for water services. Additionally, Middlesex announced plans for infrastructure investments aimed at enhancing service delivery and sustainability. The management expressed optimism about future growth prospects, citing favorable regulatory conditions and ongoing projects. Significant infrastructure investments and improved operational efficiency are likely to enhance future performance and investor sentiment.

30 Oct

3

Middlesex Water Company (NASDAQ:MSEX) has announced an increase in its quarterly dividend to $0.36 per share, reflecting the company's commitment to returning value to shareholders. This decision underscores the company's strong financial performance and growth strategy, positioning it favorably in the market. The dividend increase indicates financial stability and may positively influence investor sentiment, but its overall impact on the company's long-term trajectory is expected to be limited.

24 Oct

3

Middlesex Water Company has announced a 5.88% increase in its common dividend, reflecting the company's commitment to returning value to shareholders. This increase marks a continuation of the company's trend of dividend growth, signaling financial stability and confidence in future performance. The dividend increase indicates financial health and may positively influence investor sentiment, but it is not expected to fundamentally alter the company's trajectory.

6 Oct

4

Middlesex Water Company (MSEX) is experiencing growth in its Return on Capital Employed (ROCE), which is a key metric for investors. The company’s ability to maintain this growth is crucial for its future performance and market perception. Analysts are closely monitoring MSEX's strategic initiatives and operational efficiency to assess the sustainability of its ROCE improvements. Sustained growth in ROCE indicates significant operational improvements that could influence investor sentiment and the company's market trajectory.

2 Oct

3

Middlesex Water Company (MSEX) is compared with California Water Service Group (CWT) to determine which stock presents a better value option. The analysis considers various financial metrics, including price-to-earnings ratios, dividend yields, and growth potential. Both companies operate in the water utility sector, but their financial health and market positions differ. Investors are encouraged to evaluate these factors to make informed decisions regarding their investments in MSEX or CWT. The comparison of financial metrics indicates a moderately noticeable influence on MSEX's market performance and investor sentiment.

3 Aug

3

Middlesex Water Company reported earnings that missed expectations by 8.4%, prompting analysts to revise their forecasts downward. This shortfall may lead to a reassessment of the company's financial outlook and investor sentiment. The earnings miss is expected to moderately influence financial performance and market sentiment.

1 Aug

3

Middlesex Water Company (MSEX) has garnered significant interest from institutional investors, who collectively own 77% of the company's shares. This strong institutional backing indicates confidence in MSEX's business model and future prospects, potentially influencing market sentiment positively. High institutional ownership suggests a moderately noticeable influence on investor sentiment and market performance.

31 Jul

4 earnings

Middlesex Water Company reported its second quarter 2025 earnings, highlighting a notable increase in revenue and net income compared to the previous year. The company attributed this growth to improved operational efficiency and increased demand for water services. Additionally, Middlesex Water announced plans for infrastructure investments aimed at enhancing service delivery and sustainability. The management expressed optimism about future growth prospects, driven by ongoing projects and favorable regulatory conditions. Significant infrastructure investments and improved operational efficiency are likely to enhance future performance and investor sentiment.

3

Middlesex Water Company (MSEX) reported Q2 earnings that fell short of analysts' expectations, with both earnings per share and revenue below estimates. The company attributed the disappointing results to increased operating expenses and lower water sales. Despite these challenges, Middlesex Water remains focused on its long-term growth strategy, including infrastructure investments and regulatory compliance. The company reaffirmed its commitment to providing reliable water services while navigating the current economic landscape. Earnings and revenue misses may affect investor sentiment and financial performance but are not expected to drastically change the company's long-term trajectory.

3

Middlesex Water Company reported its Q2 earnings, highlighting a revenue increase driven by higher water sales and customer growth. The company also noted improvements in operational efficiency and ongoing investments in infrastructure. Despite challenges such as rising costs and regulatory pressures, the overall financial performance showed resilience, with management expressing optimism for future growth. The earnings report reflects the company's strategic focus on enhancing service delivery and expanding its customer base. The earnings report indicates moderate growth and operational improvements, which may positively influence financial performance but are balanced by external challenges.

24 Jul

3

Middlesex Water Company (MSEX) is set to report its earnings next week, with Wall Street anticipating growth in earnings. Analysts are optimistic about the company's performance, reflecting confidence in its operational strategies and market position. Earnings growth expectations indicate a moderately noticeable influence on financial performance and market sentiment.

30 Jun

3

Middlesex Water Company has filed a request for a rate increase with the New Jersey Board of Public Utilities. The proposed rate adjustment aims to support infrastructure improvements and enhance service reliability. The company emphasizes the necessity of the increase to maintain operational efficiency and meet regulatory requirements. If approved, the new rates would impact residential and commercial customers across its service areas. The rate request could moderately influence financial performance and customer sentiment but is not expected to drastically alter the company's overall trajectory.

3

Middlesex Water Company (MSEX), a utility stock, has seen a 3.57% price change this year and currently pays a dividend of $0.34 per share, yielding 2.49%. The company's annualized dividend has increased by 3.4% from last year, with a five-year average growth of 6.15%. MSEX's payout ratio stands at 56%, and earnings are expected to grow by 2.43% in the upcoming fiscal year. Despite challenges from rising interest rates, MSEX is considered a strong dividend investment, holding a Zacks Rank of 3 (Hold). Future earnings growth and consistent dividend increases indicate a moderately noticeable influence on MSEX's financial performance.

17 Jun

3

Middlesex Water Company's stock has declined 8.5% over the past three months, reflecting weak fundamentals. The company's return on equity (ROE) stands at 9.6%, slightly above the industry average of 8.9%, but it has experienced flat net income growth over the past five years, which is concerning as it lags behind the industry growth rate of 8.1%. With a high payout ratio of 56%, most profits are distributed to shareholders rather than reinvested, contributing to the lack of earnings growth. Despite these challenges, analysts expect future earnings to gain momentum. Flat earnings growth and low ROE indicate limited growth potential, but future earnings momentum could provide some positive influence.

13 Jun

4

Middlesex Water Company (MSEX) is highlighted as an attractive dividend stock due to its consistent dividend payments, strong financial performance, and strategic investments in infrastructure. The company has demonstrated resilience in its operations and is well-positioned to benefit from increasing demand for water services. Its commitment to shareholder returns and growth initiatives further enhances its appeal to investors seeking reliable income sources. Middlesex Water's strategic investments and consistent dividend payments are likely to significantly influence its future performance and investor sentiment.

4 Jun

4

Middlesex Water Company (MSEX) is highlighted as a key player in the growing water supply industry, which is experiencing increased demand due to climate change and infrastructure needs. The article identifies MSEX alongside three other companies that are well-positioned to benefit from this trend. Factors such as regulatory support and investment in water infrastructure are driving growth in the sector, making these stocks attractive for investors looking to capitalize on the evolving landscape of water supply. The water supply industry is undergoing significant changes driven by regulatory support and infrastructure investment, which could greatly influence MSEX's market position and performance.

29 May

4

Middlesex Water Company (MSEX) is positioned for growth through strategic investments and acquisitions, including a recent $4.6 million purchase of water assets in Delaware. The company has a strong financial outlook, with a projected 4.5% increase in 2025 earnings per share and a consistent dividend history of 52 years. MSEX's total debt to capital ratio is better than the industry average, and it plans to invest $387 million in infrastructure over the next three years. Year-to-date, MSEX has outperformed its sector with a 9.1% return. Significant investments and acquisitions are expected to enhance MSEX's operational capacity and customer base, impacting future performance.

28 May

3

Middlesex Water Company (MSEX), a utility firm based in Iselin, has seen a 9.96% stock price increase this year and currently offers a dividend of $0.34 per share, yielding 2.35%. This yield is slightly below the industry average of 2.46% but above the S&P 500's 1.56%. The company has increased its annualized dividend by 3.4% from last year and has a five-year average annual increase of 6.15%. With a payout ratio of 56% and a Zacks Consensus Estimate for 2025 earnings growth of 2.43%, MSEX is considered a strong dividend investment with a Zacks Rank of #2 (Buy). Middlesex Water's solid dividend growth and earnings estimates indicate a moderately noticeable influence on its financial performance.

stockrow.com/MSEX · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com