Middlesex WaterMSEX
MSEX
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
0
Funds holding %
of 6,823 funds
–
Analysts bullish %
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: $697M [Q2] → $886M (+$189M) [Q3]
1.39% more ownership
Funds ownership: 74.81% [Q2] → 76.2% (+1.39%) [Q3]
5% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 21
1% less funds holding
Funds holding: 196 [Q2] → 195 (-1) [Q3]
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
10%
upside
Avg. target
$59
15%
upside
High target
$61
19%
upside
2 analyst ratings
0 positive
0%
1 neutral
50%
1 negative
50%
B of A Securities Ross Fowler 65% 1-year accuracy 13 / 20 met price target | 10%upside $56 | Underperform Initiated | 11 Dec 2024 |
Baird Ben Kallo 44% 1-year accuracy 17 / 39 met price target | 19%upside $61 | Neutral Maintained | 1 Nov 2024 |
Financial journalist opinion
Positive
Seeking Alpha
5 days ago
Buy 3 'Safer' Dividend Kings Of 25 From 53 For January
“A Dividend King [is] a stock with 50 or more consecutive years of dividend increases.”—suredividend.com. 53 Divided Kings, screened as of January 10, 2025, represented all eleven Morningstar Sectors. Broker-estimated top-ten net-gains ranged 22.84%-62.53% topped-by SJW & SCL. By yield, MO topped all the Kings. Top-ten Yields from KVUE, SWK, UBSI, FTS, FRT, BKH, NWN, CDUAF, UVV, & MO, averaged 5.04%.
Neutral
Zacks Investment Research
1 month ago
3 Stocks to Consider From the Challenging Water Supply Industry
Despite near-term weakness in water supply, companies like AWK, SJW and MSEX are poised to benefit from their strong customer base and systematic investments that enable them to serve customers efficiently.
Positive
Zacks Investment Research
1 month ago
MSEX or SJW: Which is a Better Utility Water Supply Stock?
Both Middlesex Water and SJW Group are effectively satisfying their customers' needs for water and wastewater services.
Positive
Seeking Alpha
1 month ago
Buy 6 December Dividend Kings But Watch 22 With 'Safer' Dividends
"A Dividend King [is] a stock with 50 or more consecutive years of dividend increases." - suredividend.com. 53 Divided Kings, screened as of December 11, 2024, represented all eleven Morningstar Sectors. Broker-estimated top-ten net gains ranged from 14.79% to 25.23%, topped by SJW and SWK. By yield, MO topped all the Kings. Top-ten yields from ABBV, ADM, SWK, FRT, FTS, BKH, NWN, CDUAF, UVV, and MO averaged 4.67%.
Positive
Zacks Investment Research
1 month ago
5 Low-Beta Stocks to Buy as November Inflation Soars
Low-beta defensive stocks like ATO, AGR, MSEX, INGR and TSN are a safe bet during times of market uncertainty.
Negative
Benzinga
1 month ago
Middlesex Water Faces Valuation Pressure: Analyst Flags Slowing Growth And Rising Regulatory Risks
BofA Securities analyst Ross Fowler initiated coverage on Middlesex Water Company MSEX with an Underperform rating and a price forecast of $56.
Neutral
GlobeNewsWire
1 month ago
Middlesex Water Announces Retirement of G. Christian Andreasen, Vice President, Enterprise Engineering
ISELIN, N.J., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (the “Company” or “Middlesex”), (Nasdaq:MSEX), a provider of water and wastewater and related services primarily in New Jersey and Delaware, today announced that G.
Neutral
GlobeNewsWire
1 month ago
Middlesex Water Names Gregory Sorensen Vice President and Chief Operating Officer
ISELIN, N.J., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (Nasdaq:MSEX), a provider of water and wastewater and related services primarily in New Jersey and Delaware, today announced that Gregory Sorensen has been named as its Vice President and Chief Operating Officer, effective December 16, 2024, as part of ongoing strategic succession planning and organizational realignment efforts.
Positive
Seeking Alpha
2 months ago
17 Upcoming Dividend Increases
This week, 17 companies with an average dividend increase of 8.3% are highlighted, emphasizing consistent dividend growth and outperforming benchmarks. My investment strategy focuses on buying, holding, and adding companies with consistent dividend increases and superior performance compared to benchmarks. The list is created using data from the "U.S. Dividend Champions" spreadsheet and NASDAQ, featuring companies with at least five years of dividend growth.
Positive
Zacks Investment Research
2 months ago
Middlesex Water (MSEX) Beats Q3 Earnings and Revenue Estimates
Middlesex Water (MSEX) came out with quarterly earnings of $0.80 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.56 per share a year ago.
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