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middlesex watr - MSEX

MSEX

Close Chg Chg %
51.61 0.11 0.21%

Closed Market

51.72

+0.11 (0.21%)

Volume: 56.52K

Last Updated:

Dec 24, 2025, 1:00 PM EDT

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Company Overview: middlesex watr - MSEX

MSEX Key Data

Open

$51.55

 Day Range

51.18 - 51.97

52 Week Range

44.17 - 67.09

 Market Cap

$946.41M

Shares Outstanding

18.34M

 Public Float

17.55M

Beta

0.87

 Rev. Per Employee

N/A

P/E Ratio

21.71

 EPS

$2.39

Yield

266.82%

 Dividend

$0.36

EX-DIVIDEND DATE

Nov 17, 2025

 SHORT INTEREST

N/A

AVERAGE VOLUME

151.43K

  

MSEX Performance

1 Week
 
 0.04%
 
1 Month
 
 0.80%
 
3 Months
 
 -3.33%
 
1 Year
 
 -2.19%
 
5 Years
 
 -27.36%
 

MSEX Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 4
Full Ratings ➔

About middlesex watr - MSEX

Middlesex Water Co. owns and operates regulated water utility and wastewater systems. The firm's services include water production, treatment, & distribution, full service municipal contract operations, wastewater collection and treatment. It operates through two segments: Regulated and Non-Regulated. The Regulated segment serves residential, commercial, industrial and municipal customers. The Non-Regulated segment engages in business activities with developers, government entities and other customers. The company was founded in 1897 and is headquartered in Iselin, NJ.

MSEX At a Glance

Middlesex Water Co.
485C Route 1 South
Iselin, New Jersey 08830
Phone 1-732-634-1500 Revenue 191.88M
Industry Water Utilities Net Income 44.35M
Sector Utilities 2024 Sales Growth 15.398%
Fiscal Year-end 12 / 2025 Employees 360
View SEC Filings

MSEX Valuation

P/E Current 21.709
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 21.35
Price to Sales Ratio 4.922
Price to Book Ratio 2.114
Price to Cash Flow Ratio 16.08
Enterprise Value to EBITDA 16.351
Enterprise Value to Sales 6.924
Total Debt to Enterprise Value 0.291

MSEX Efficiency

Revenue/Employee 532,991.667
Income Per Employee 123,197.222
Receivables Turnover 6.481
Total Asset Turnover 0.154

MSEX Liquidity

Current Ratio 0.518
Quick Ratio 0.437
Cash Ratio 0.051

MSEX Profitability

Gross Margin 39.131
Operating Margin 27.731
Pretax Margin 26.713
Net Margin 23.114
Return on Assets 3.561
Return on Equity 10.173
Return on Total Capital 5.321
Return on Invested Capital 5.584

MSEX Capital Structure

Total Debt to Total Equity 86.50
Total Debt to Total Capital 46.381
Total Debt to Total Assets 30.798
Long-Term Debt to Equity 79.785
Long-Term Debt to Total Capital 42.624
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Middlesex Watr - MSEX

Collapse All in section
All values USD millions. 2021 2022 2023 2024 5-year trend
Sales/Revenue
143.14M 162.43M 166.27M 191.88M
Sales Growth
+1.09% +13.48% +2.36% +15.40%
Cost of Goods Sold (COGS) incl D&A
94.78M 102.13M 108.31M 116.79M
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
26.80M 27.48M 29.44M 28.04M
Depreciation
21.11M 23.03M 25.19M 24.43M
Amortization of Intangibles
5.69M 4.45M 4.25M 3.61M
COGS Growth
+6.17% +7.75% +6.05% +7.84%
Gross Income
48.36M 60.31M 57.97M 75.08M
Gross Income Growth
-7.57% +24.71% -3.88% +29.53%
Gross Profit Margin
+33.79% +37.13% +34.86% +39.13%
2021 2022 2023 2024 5-year trend
SG&A Expense
- - - -
-
Research & Development
- - - -
-
Other SG&A
- - - -
-
SGA Growth
- - - -
-
Other Operating Expense
15.15M 18.21M 18.74M 21.87M
Unusual Expense
- - - -
-
EBIT after Unusual Expense
33.21M 42.10M 39.22M 53.21M
Non Operating Income/Expense
5.96M 12.94M 6.49M 12.07M
Non-Operating Interest Income
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
8.11M 9.37M 13.14M 14.02M
Interest Expense Growth
+8.29% +15.44% +40.31% +6.70%
Gross Interest Expense
9.26M 10.29M 14.12M 14.53M
Interest Capitalized
1.15M 927.00K 975.00K 511.00K
Pretax Income
31.05M 45.67M 32.56M 51.26M
Pretax Income Growth
-9.48% +47.06% -28.69% +57.40%
Pretax Margin
+21.70% +28.12% +19.59% +26.71%
Income Tax
(5.49M) 3.24M 1.04M 6.91M
Income Tax - Current - Domestic
(6.85M) 1.74M 3.95M 2.62M
Income Tax - Current - Foreign
- - - -
-
Income Tax - Deferred - Domestic
1.36M 1.50M (2.91M) 4.28M
Income Tax - Deferred - Foreign
- - - -
-
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
36.54M 42.43M 31.52M 44.35M
Minority Interest Expense
- - - -
-
Net Income
36.54M 42.43M 31.52M 44.35M
Net Income Growth
-4.90% +16.11% -25.70% +40.69%
Net Margin Growth
+25.53% +26.12% +18.96% +23.11%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
36.54M 42.43M 31.52M 44.35M
Preferred Dividends
120.00K 120.00K 120.00K 112.00K
Net Income Available to Common
36.42M 42.31M 31.40M 44.24M
EPS (Basic)
2.0823 2.4043 1.771 2.4795
EPS (Basic) Growth
-5.09% +15.46% -26.34% +40.01%
Basic Shares Outstanding
17.49M 17.60M 17.73M 17.84M
EPS (Diluted)
2.0725 2.3925 1.7634 2.4651
EPS (Diluted) Growth
-5.08% +15.44% -26.29% +39.79%
Diluted Shares Outstanding
17.61M 17.71M 17.85M 17.95M
EBITDA
60.01M 69.58M 68.67M 81.25M
EBITDA Growth
+3.01% +15.94% -1.31% +18.33%
EBITDA Margin
+41.92% +42.83% +41.30% +42.34%

Snapshot

Average Recommendation HOLD Average Target Price 59.667
Number of Ratings 4 Current Quarters Estimate 0.465
FY Report Date 12 / 2025 Current Year's Estimate 2.385
Last Quarter’s Earnings 0.77 Median PE on CY Estimate N/A
Year Ago Earnings 2.47 Next Fiscal Year Estimate 2.635
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 2 N/A 4 4
Mean Estimate 0.47 N/A 2.39 2.64
High Estimates 0.49 N/A 2.45 2.72
Low Estimate 0.44 N/A 2.31 2.54
Coefficient of Variance 7.60 N/A 3.17 2.81

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 1 1 1
OVERWEIGHT 1 1 1
HOLD 1 0 0
UNDERWEIGHT 1 1 1
SELL 0 0 0
MEAN Hold Overweight Overweight

Insider Actions for Middlesex Watr - MSEX

Date Name Shares Transaction Value
Apr 4, 2025 Lorrie Beth Ginegaw VP, Human Resources 5,177 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $64.1 per share 331,845.70
Apr 4, 2025 Robert K. Fullagar President-NJ Operations 5,878 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $64.1 per share 376,779.80
Apr 4, 2025 Georgia M. Simpson VP-IT 719 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $64.1 per share 46,087.90
Apr 4, 2025 Georgia M. Simpson VP-IT 4,183 Other acquisition or disposition Non-derivative transaction at $64.1 per share 268,130.30
Apr 4, 2025 Georgia M. Simpson VP-IT 4,885 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $64.1 per share 313,128.50
Apr 4, 2025 Jay L. Kooper VP, Gen. Counsel & Secretary 528 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $64.1 per share 33,844.80
Apr 4, 2025 Jay L. Kooper VP, Gen. Counsel & Secretary 4,853 Other acquisition or disposition Non-derivative transaction at $64.1 per share 311,077.30
Apr 4, 2025 Jay L. Kooper VP, Gen. Counsel & Secretary 5,685 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $64.1 per share 364,408.50
Apr 4, 2025 Lorrie Beth Ginegaw VP, Human Resources 4,359 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $64.1 per share 279,411.90
Apr 4, 2025 Lorrie Beth Ginegaw VP, Human Resources 4,234 Other acquisition or disposition Non-derivative transaction at $64.1 per share 271,399.40
Apr 4, 2025 Robert J. Capko PAO & Controller 1,962 Other acquisition or disposition Non-derivative transaction at $64.1 per share 125,764.20
Apr 4, 2025 Robert K. Fullagar President-NJ Operations 903 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $64.1 per share 57,882.30
Apr 4, 2025 Robert J. Capko PAO & Controller 2,173 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $64.1 per share 139,289.30
Apr 4, 2025 Robert J. Capko PAO & Controller 134 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $64.1 per share 8,589.40
Apr 4, 2025 Robert K. Fullagar President-NJ Operations 5,191 Other acquisition or disposition Non-derivative transaction at $64.1 per share 332,743.10
Apr 3, 2025 Nadine Leslie President, CEO 6,677 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $64.1 per share 427,995.70
Apr 2, 2025 Ann L. Noble Director 702 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $64.1 per share 44,998.20
Apr 2, 2025 Joshua Bershad Director 702 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $64.1 per share 44,998.20
Apr 2, 2025 Amy B. Mansue Director 702 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $64.1 per share 44,998.20
Apr 2, 2025 James F. Cosgrove Director 702 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $64.1 per share 44,998.20

Middlesex Watr in the News