MSEX - Middlesex Water Co Stock Price, Fair Value and News

57.21USD-0.47 (-0.81%)Delayed

Market Summary

USD57.21-0.47

Delayed

-0.81%

MSEX Alerts

Big jump in Earnings (Y/Y)

MSEX Stock Price

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MSEX RSI Chart

MSEX Valuation

Market Cap

1.0B

Price/Earnings (Trailing)

28.07

Price/Sales (Trailing)

6.05

EV/EBITDA

17.54

Price/Free Cashflow

-27.88

MSEX Price/Sales (Trailing)

MSEX Profitability

EBT Margin

22.49%

Return on Equity

8.5%

Return on Assets

2.91%

Free Cashflow Yield

-3.59%

MSEX Fundamentals

MSEX Revenue

Revenue (TTM)

168.6M

Rev. Growth (Yr)

6.21%

Rev. Growth (Qtr)

4.98%

MSEX Earnings

Earnings (TTM)

36.3M

Earnings Growth (Yr)

82.04%

Earnings Growth (Qtr)

85.29%

Breaking Down MSEX Revenue

Last 7 days

-1.2%

Last 30 days

24.7%

Last 90 days

2.0%

Trailing 12 Months

-25.1%

How does MSEX drawdown profile look like?

MSEX Financial Health

Current Ratio

0.95

Debt/Equity

0.85

Debt/Cashflow

0.12

MSEX Investor Care

Dividend Yield

2.21%

Dividend/Share (TTM)

1.26

Shares Dilution (1Y)

0.83%

Diluted EPS (TTM)

2.02

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	168.6M	0	0	0
2023	164.4M	167.5M	166.5M	166.3M
2022	146.8M	149.8M	157.6M	162.4M
2021	142.4M	143.8M	143.7M	143.1M
2020	135.7M	137.6M	139.7M	141.6M
2019	137.6M	136.1M	135.1M	134.6M
2018	131.8M	133.7M	136.3M	138.1M
2017	132.4M	132.7M	131.1M	130.8M
2016	127.8M	128.9M	132.0M	132.9M
2015	118.7M	121.2M	123.2M	126.0M
2014	115.0M	115.1M	116.5M	117.1M
2013	113.9M	115.6M	114.5M	114.8M
2012	101.6M	102.9M	106.6M	110.4M
2011	105.1M	104.7M	103.7M	102.1M
2010	0	95.1M	98.9M	102.7M
2009	0	0	0	91.2M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Middlesex Water Co

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 01, 2024	sohler bernadette m	sold (taxes)	19,792	52.5	377	vp-corporate affairs
Apr 01, 2024	hanemann kim c	acquired	44,992	52.5	857	-
Apr 01, 2024	sohler bernadette m	acquired	47,460	52.5	904	vp-corporate affairs
Apr 01, 2024	noble ann l.	acquired	44,992	52.5	857	-
Apr 01, 2024	ginegaw lorrie beth	acquired	49,455	52.5	942	vp, human resources, mba
Apr 01, 2024	reinhard walter g	acquired	44,992	52.5	857	-
Apr 01, 2024	doll dennis w	acquired	37,485	52.5	714	-
Apr 01, 2024	klein steven m	acquired	44,992	52.5	857	-
Apr 01, 2024	andreasen g. christian jr.	sold (taxes)	6,037	52.5	115	vp-enterprise engineering
Apr 01, 2024	oconnor a bruce	sold	-149,520	52.5	-2,848	sr. vp & cfo

Which funds bought or sold MSEX recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	COMERICA BANK	reduced	-14.48	-210,513	456,120	-%
May 16, 2024	JANE STREET GROUP, LLC	added	25.44	5,794	1,633,170	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-4.91	-293,513	933,450	-%
May 15, 2024	CITADEL ADVISORS LLC	added	57.71	395,271	1,905,120	-%
May 15, 2024	JANUS HENDERSON GROUP PLC	added	0.01	-119,187	476,024	-%
May 15, 2024	Elequin Capital, LP	new	-	3,227,380	3,227,380	0.29%
May 15, 2024	PRICE T ROWE ASSOCIATES INC /MD/	added	39.45	112,000	1,083,000	-%
May 15, 2024	AMERIPRISE FINANCIAL INC	added	4.87	-635,448	3,311,810	-%
May 15, 2024	FIRST MANHATTAN CO. LLC.	reduced	-0.05	-2,537,250	10,126,600	0.03%
May 15, 2024	BARCLAYS PLC	reduced	-46.82	-1,126,000	833,000	-%

Are Funds Buying or Selling MSEX?

Are funds buying MSEX calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MSEX

No. of Funds

MSEX Alerts

Big jump in Earnings (Y/Y)

Unveiling Middlesex Water Co's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	8.01%	1,427,157	SC 13G/A
Jan 22, 2024	state street corp	3.97%	706,598	SC 13G/A
Jan 19, 2024	blackrock inc.	18.4%	3,272,519	SC 13G/A
Jan 12, 2024	first trust portfolios lp	7.75%	1,380,732	SC 13G
Feb 14, 2023	price t rowe associates inc /md/	0.1%	10,529	SC 13G/A
Feb 10, 2023	state street corp	3.59%	632,715	SC 13G/A
Feb 10, 2023	state street corp	10.59%	1,867,863	SC 13G/A
Feb 09, 2023	vanguard group inc	8.07%	1,424,068	SC 13G/A
Jan 26, 2023	blackrock inc.	14.6%	2,569,008	SC 13G/A
Jan 20, 2023	blackrock inc.	14.6%	2,569,008	SC 13G/A

Recent SEC filings of Middlesex Water Co

View All Filings

Date Filed	Form Type	Document
May 08, 2024	10-Q	Quarterly Report
May 08, 2024	8-K	Current Report
Apr 25, 2024	8-K	Current Report
Apr 11, 2024	DEF 14A	DEF 14A
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading

Peers (Alternatives to Middlesex Water Co)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CPK	2.5T	698.2M	12.47%	-9.52%	26.0K	3.6K	3.29%	8.78%
AEP	48.9B	19.3B	14.08%	6.97%	17.34	2.53	-2.13%	41.75%
AWK	26.1B	4.3B	15.91%	-5.62%	27.17	6.05	10.78%	15.26%
AEE	19.9B	7.3B	3.93%	-10.32%	17.28	2.75	-10.88%	5.77%
ATO	17.9B	4.1B	3.59%	2.86%	17.91	4.41	-11.13%	20.48%
NRG	17.2B	28.5B	12.08%	145.94%	10.44	0.6	-9.05%	188.86%
AES	15.1B	12.5B	31.78%	2.75%	-2.3K	1.21	-3.77%	98.49%
AGR	13.9B	8.3B	-0.61%	-7.27%	15.54	1.68	0.05%	30.98%
MID-CAP
PNW	8.9B	4.7B	9.02%	0.32%	16.53	1.89	4.84%	12.15%
ALE	3.6B	1.7B	8.54%	2.16%	15.12	2.11	-1.93%	32.23%
AVA	3.0B	1.9B	13.79%	-9.74%	15.98	1.6	9.47%	35.66%
SMALL-CAP
CWCO	449.2M	187.0M	18.84%	49.37%	13.94	2.4	74.12%	297.37%
CDZI	211.5M	3.0M	45.12%	-34.59%	-7.66	71.39	94.10%	6.65%
VIA	35.4M	415.8M	1.48%	-12.04%	1.49	0.09	-11.16%	525.10%
CREG	8.7M	867.4K	-11.11%	-35.00%	-9.31	9.96	-88.45%	77.17%

Middlesex Water Co News

Latest updates

Middlesex Water Co Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In null)

Income Statement (Quarterly)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	5.0%	40,524	38,602	46,715	42,801	38,156	38,823	47,732	39,683	36,196	34,025	39,874	36,701	32,541	34,626	39,920	35,277	31,769	32,738	37,769	33,393	30,698
Operating Expenses	1.0%	30,659	30,360	33,893	32,132	30,666	30,676	31,157	29,595	28,905	27,686	28,450	26,887	26,907	26,295	26,743	25,892	25,242	25,180	25,786	24,443	23,670
EBITDA Margin	5.0%	0.47*	0.44*	0.45*	0.47*	0.47*	0.50*	0.51*	0.49*	0.50*	0.46*	0.44*	0.45*	-	-	-	-	-	-	-	-	-
Interest Expenses	-13.5%	3,269	3,779	3,518	3,251	2,595	2,793	2,355	2,369	1,850	2,205	2,101	2,070	1,738	1,972	1,906	1,946	1,669	2,280	1,996	1,788	1,200
Income Taxes	1353.9%	1,279	-102	746	-341	738	148	1,968	795	329	-1,829	-1,065	-1,621	-973	-1,603	-69.00	-1,145	-1,302	-2,188	-265	-421	-266
Earnings Before Taxes	111.2%	11,961	5,663	10,736	9,560	6,606	7,319	16,259	9,663	12,429	5,408	10,411	9,302	5,934	6,704	12,668	8,568	6,366	5,883	10,854	7,725	6,286
EBT Margin	14.8%	0.22*	0.20*	0.21*	0.24*	0.24*	0.28*	0.28*	0.25*	0.26*	0.22*	0.23*	0.24*	-	-	-	-	-	-	-	-	-
Net Income	85.3%	10,682	5,765	9,990	9,901	5,868	7,171	14,291	8,868	12,100	7,237	11,476	10,923	6,907	8,307	12,737	9,713	7,668	8,071	11,119	8,146	6,552
Net Income Margin	13.7%	0.22*	0.19*	0.20*	0.22*	0.22*	0.26*	0.27*	0.26*	0.28*	0.26*	0.26*	0.27*	-	-	-	-	-	-	-	-	-
Free Cashflow	-79.6%	-7,737	-4,309	-11,740	-12,803	-8,545	-8,276	-9,216	-9,826	-2,656	-3,743	-10,686	-19,330	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	1.1%	1,250	1,236	1,243	1,128	1,099	1,074	1,065	1,038	1,074	1,020	1,030	1,015	986	976	960	951	935	910	887	808	783
Current Assets	2.5%	111	109	136	41.00	40.00	37.00	41.00	39.00	33.00	34.00	41.00	37.00	31.00	34.00	38.00	44.00	40.00	29.00	35.00	32.00	30.00
Cash Equivalents	19.5%	3.00	2.00	3.00	4.00	5.00	4.00	3.00	4.00	3.00	4.00	5.00	6.00	4.00	10.00	28.00	42.00	53.00	46.00	57.00	4.00	7.00
Current Liabilities	12.8%	117	104	121	88.00	96.00	118	93.00	79.00	60.00	57.00	92.00	81.00	66.00	57.00	85.00	84.00	81.00	65.00	103	103	93.00
Long Term Debt	-100.0%	-	365	361	367	346	306	307	311	311	311	270	277	277	277	238	242	238	234	232	174	168
LT Debt, Current	4598.0%	364	8.00	7.00	17.00	17.00	17.00	8.00	8.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00
LT Debt, Non Current	-0.3%	357	358	354	350	330	290	301	305	307	307	266	273	273	273	234	238	235	231	228	164	158
Shareholder's Equity	1.1%	428	423	420	411	403	400	398	386	378	368	-	-	-	346	-	-	-	-	-	-	-
Retained Earnings	2.8%	181	176	176	172	168	167	166	157	153	146	144	137	131	129	125	117	112	109	105	98.00	94.00
Shares Outstanding	0.0%	18.00	18.00	18.00	-	-	18.00	18.00	18.00	18.00	-	17.00	17.00	17.00	-	-	-	-	-	-	-	-
Float	-	-	-	-	1,396	-	-	-	1,505	-	-	-	1,393	-	-	-	1,152	-	-	-	942	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-48.0%	6,652	12,796	10,699	13,317	15,970	17,120	17,380	12,886	13,975	14,390	4,059	5,137	9,442	16,065	16,508	4,644	16,138	12,705	11,728	3,956	7,664
Share Based Compensation	-209.7%	-465	424	424	1,006	360	360	361	642	267	305	273	557	203	276	188	470	162	228	-294	474	229
Cashflow From Investing	15.9%	-14,389	-17,105	-22,439	-26,120	-24,515	-25,396	-26,596	-22,712	-13,509	-18,133	-14,745	-24,467	-22,033	-34,834	-25,368	-20,270	-25,147	-27,905	-25,522	-23,374	-12,324
Cashflow From Financing	120.0%	8,202	3,729	10,333	12,318	9,579	9,196	7,804	10,852	-705	1,994	9,781	21,308	6,396	986	-5,085	4,457	15,811	4,621	66,712	16,790	5,787
Dividend Payments	-1.8%	5,738	5,841	5,551	5,536	5,513	5,512	5,114	5,097	5,087	5,079	4,767	4,765	4,762	4,760	4,476	4,474	4,468	4,272	3,987	3,963	3,943
Buy Backs	-	868	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

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MSEX Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Operating Revenues	$ 40,524	$ 38,156
Operating Expenses:
Operations and Maintenance	20,465	20,257
Depreciation	5,396	5,986
Other Taxes	4,798	4,423
Total Operating Expenses	30,659	30,666
Operating Income	9,865	7,490
Other Income:
Allowance for Funds Used During Construction	176	813
Other Income, net	5,189	898
Total Other Income, net	5,365	1,711
Interest Charges	3,269	2,595
Income before Income Taxes	11,961	6,606
Income Taxes	1,279	738
Net Income	10,682	5,868
Preferred Stock Dividend Requirements	30	30
Earnings Applicable to Common Stock	$ 10,652	$ 5,838
Earnings per share of Common Stock:
Basic (in Dollars per share)	$ 0.6	$ 0.33
Diluted (in Dollars per share)	$ 0.59	$ 0.33
Average Number of Common Shares Outstanding:
Basic (in Shares)	17,819,000	17,652,000
Diluted (in Shares)	17,934,000	17,767,000

MSEX Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Water Production	$ 306,884	$ 303,791
Transmission and Distribution	816,933	809,862
General	101,047	100,593
Construction Work in Progress	24,056	19,636
TOTAL	1,248,920	1,233,882
Less Accumulated Depreciation	239,630	235,540
UTILITY PLANT - NET	1,009,290	998,342
Cash and Cash Equivalents	2,855	2,390
Accounts Receivable, net of allowance for credit losses of $2,134 and $2,137, respectively	15,732	18,172
Litigation Settlement Receivable	69,872	69,872
Unbilled Revenues	11,312	9,297
Materials and Supplies (at average cost)	7,072	6,972
Prepayments	4,371	1,833
TOTAL CURRENT ASSETS	111,214	108,536
Operating Lease Right of Use Asset	3,027	3,185
Preliminary Survey and Investigation Charges	1,952	1,932
Regulatory Assets	90,046	90,694
Non-utility Assets - Net	11,780	11,522
Employee Benefit Plans	22,757	21,779
Other	39	62
TOTAL OTHER ASSETS	129,601	129,174
TOTAL ASSETS	1,250,105	1,236,052
CAPITALIZATION AND LIABILITIES
Common Stock, No Par Value	246,551	246,764
Retained Earnings	181,141	176,227
TOTAL COMMON EQUITY	427,692	422,991
Preferred Stock	2,084	2,084
Long-term Debt	356,960	358,153
TOTAL CAPITALIZATION	786,736	783,228
Current Portion of Long-term Debt	7,831	7,740
Notes Payable	58,000	42,750
Accounts Payable	23,243	27,618
Litigation Settlement Payable	6,237	6,237
Accrued Taxes	14,719	10,535
Accrued Interest	2,650	3,138
Unearned Revenues and Advanced Service Fees	1,365	1,390
Other	3,111	4,421
TOTAL CURRENT LIABILITIES	117,156	103,829
COMMITMENTS AND CONTINGENT LIABILITIES (Note 7)
Customer Advances for Construction	21,091	21,313
Lease Obligations	2,904	3,063
Accumulated Deferred Income Taxes	89,693	88,736
Regulatory Liabilities	57,818	113,021
Other	498	592
TOTAL OTHER LIABILITIES	172,004	226,725
CONTRIBUTIONS IN AID OF CONSTRUCTION	174,209	122,270
TOTAL CAPITALIZATION AND LIABILITIES	$ 1,250,105	$ 1,236,052

About Middlesex Water Co

Middlesex Water Company owns and operates regulated water utility and wastewater systems. It operates in two segments, Regulated and Non-Regulated. The Regulated segment collects, treats, and distributes water on a retail and wholesale basis to residential, commercial, industrial, and fire protection customers, as well as provides regulated wastewater systems in New Jersey and Delaware. The Non-Regulated segment provides non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware. Middlesex Water Company was incorporated in 1896 and is headquartered in Iselin, New Jersey.

CEO	Mr. Dennis W. Doll CPA
WEBSITE	middlesexwater.com
INDUSTRY	Utilities Regulated Electric
EMPLOYEES	350

Middlesex Water Co Frequently Asked Questions

What is the ticker symbol for Middlesex Water Co? What does MSEX stand for in stocks?

MSEX is the stock ticker symbol of Middlesex Water Co. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Middlesex Water Co (MSEX)?

As of Fri May 17 2024, market cap of Middlesex Water Co is 1.02 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MSEX stock?

You can check MSEX's fair value in chart for subscribers.

What is the fair value of MSEX stock?

You can check MSEX's fair value in chart for subscribers. The fair value of Middlesex Water Co is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Middlesex Water Co is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MSEX so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Middlesex Water Co a good stock to buy?

The fair value guage provides a quick view whether MSEX is over valued or under valued. Whether Middlesex Water Co is cheap or expensive depends on the assumptions which impact Middlesex Water Co's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MSEX.

What is Middlesex Water Co's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, MSEX's PE ratio (Price to Earnings) is 28.07 and Price to Sales (PS) ratio is 6.05. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MSEX PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Middlesex Water Co's stock?

In the past 10 years, Middlesex Water Co has provided 0.131 (multiply by 100 for percentage) rate of return.