Middlesex Water (MSEX)

• Market cap: $978M
• 1 day: -0.13%
• 5 days: -7.89%
• 1 month: -16.62%
• 3 months: -15.87%
• 6 months: 6.06%
• Year to date: -15.36%
• 1 year: -20.35%
• 5 years: -12.90%
• 10 years: 144.07%
• Sector: Utilities
• Industry: Water Supply

About: Middlesex Water Co owns and operates regulated water utility and wastewater systems in the U.S. The firm primarily operates in the eastern states of New Jersey, Delaware, and Pennsylvania. The company has two operating segments, Regulated and Non-Regulated. The regulated business includes collecting and distributing water to residential, commercial, industrial, and fire protection consumers. The non-regulated business includes contract services for the operation of private water and wastewater systems. The majority of the company's revenue is derived from the Regulated segment and from residential customers.

Employees: 355

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

1,175% more call options, than puts

Call options by funds: $1.42M | Put options by funds: $111K

27% more capital invested

Capital invested by funds: $695M [Q2] → $884M (+$189M) [Q3]

1.47% more ownership

Funds ownership: 74.54% [Q2] → 76.02% (+1.47%) [Q3]

1% less funds holding

Funds holding: 196 [Q2] → 195 (-1) [Q3]

4% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 23

37% less repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 78

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $56 2% upside
• Avg. target: $59 7% upside
• High target: $61 11% upside

2 analyst ratings

• positive: 0 0%
• neutral: 1 50%
• negative: 1 50%

B of A Securities Ross Fowler 58% 1-year accuracy 11 / 19 met price target	2% upside $56	Underperform Initiated	11 Dec 2024
Baird Ben Kallo 53% 1-year accuracy 21 / 40 met price target	11% upside $61	Neutral Maintained	1 Nov 2024