Middlesex Water (MSEX) Stock Price, News & Analysis

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Middlesex Water in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" MSEX shares.
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1 equities research analysts have issued twelve-month price targets for Middlesex Water's shares. Their MSEX share price targets range from $59.00 to $59.00. On average, they anticipate the company's share price to reach $59.00 in the next year. This suggests a possible upside of 26.6% from the stock's current price.
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Middlesex Water's stock was trading at $65.62 at the beginning of 2024. Since then, MSEX shares have decreased by 29.0% and is now trading at $46.61.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
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Middlesex Water (NASDAQ:MSEX) announced its quarterly earnings data on Thursday, February, 29th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by $0.14. The utilities provider earned $38.60 million during the quarter, compared to analysts' expectations of $41 million. Middlesex Water had a trailing twelve-month return on equity of 7.61% and a net margin of 18.96%.

Middlesex Water announced a quarterly dividend on Monday, January 29th. Investors of record on Thursday, February 15th will be paid a dividend of $0.325 per share on Friday, March 1st. This represents a $1.30 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Wednesday, February 14th.
Read our dividend analysis for MSEX.

Middlesex Water (NASDAQ:MSEX) pays an annual dividend of $1.30 per share and currently has a dividend yield of 2.76%. The company has been increasing its dividend for 51 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 73.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MSEX will have a dividend payout ratio of 54.17% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MSEX.

ETFs with the largest weight of Middlesex Water (NASDAQ:MSEX) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), First Trust Water ETF (FIW), Invesco S&P Global Water Index ETF (CGW) and Global X Clean Water ETF (AQWA).Invesco Water Resources ETF (PHO).

5 employees have rated Middlesex Water Chief Executive Officer Dennis W. Doll on Glassdoor.com. Dennis W. Doll has an approval rating of 82% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Middlesex Water investors own include Pfizer (PFE), Realty Income (O), Southern (SO), AT&T (T), AbbVie (ABBV), Consolidated Edison (ED), Gilead Sciences (GILD), Medtronic (MDT), Visa (V) and Enterprise Products Partners (EPD).

Middlesex Water's stock is owned by many different institutional and retail investors. Top institutional investors include GAMMA Investing LLC (0.00%). Insiders that own company stock include A Bruce Oconnor, Bernadette M Sohler, Dennis W Doll, G Christian Jr Andreasen, James F Jr Cosgrove, Kim C Hanemann, Lorrie Beth Ginegaw, Robert John Capko, Walter G Reinhard and Walter G Reinhard.
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Shares of MSEX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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