Middlesex Water (NASDAQ:MSEX) Posts Earnings Results

Middlesex Water (NASDAQ:MSEX) issued its quarterly earnings data on Thursday. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01), FiscalAI reports. Middlesex Water had a net margin of 22.08% and a return on equity of 9.38%. The business had revenue of $46.98 million for the quarter, compared to analyst estimates of $46.91 million.

Middlesex Water Stock Performance

NASDAQ MSEX traded up $0.40 during trading hours on Thursday, reaching $54.47. 160,087 shares of the company were exchanged, compared to its average volume of 112,436. The stock has a market capitalization of $998.98 million, a P/E ratio of 22.79, a P/E/G ratio of 3.57 and a beta of 0.89. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 0.73. Middlesex Water has a 1 year low of $44.17 and a 1 year high of $67.09. The business’s 50 day simple moving average is $52.41 and its 200-day simple moving average is $53.28.

Middlesex Water Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 17th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Tuesday, February 17th. Middlesex Water’s dividend payout ratio (DPR) is 60.25%.

Analyst Ratings Changes

Several analysts have recently commented on MSEX shares. Robert W. Baird lowered their price objective on Middlesex Water from $73.00 to $63.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Middlesex Water in a research report on Thursday, January 22nd. Finally, New Street Research set a $52.00 price objective on shares of Middlesex Water in a report on Friday, December 5th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Middlesex Water presently has a consensus rating of “Moderate Buy” and an average target price of $60.33.

Institutional Investors Weigh In On Middlesex Water

Several large investors have recently modified their holdings of MSEX. Raymond James Financial Inc. lifted its stake in Middlesex Water by 1.8% in the second quarter. Raymond James Financial Inc. now owns 10,691 shares of the utilities provider’s stock valued at $579,000 after purchasing an additional 193 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Middlesex Water by 3.3% in the second quarter. The Manufacturers Life Insurance Company now owns 6,602 shares of the utilities provider’s stock valued at $358,000 after buying an additional 208 shares during the period. Illinois Municipal Retirement Fund lifted its position in shares of Middlesex Water by 3.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 9,703 shares of the utilities provider’s stock valued at $489,000 after buying an additional 315 shares during the last quarter. Cullen Capital Management LLC lifted its position in shares of Middlesex Water by 7.6% during the 4th quarter. Cullen Capital Management LLC now owns 5,053 shares of the utilities provider’s stock valued at $255,000 after buying an additional 358 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Middlesex Water by 1.8% during the 3rd quarter. Alliancebernstein L.P. now owns 23,043 shares of the utilities provider’s stock worth $1,247,000 after acquiring an additional 400 shares during the period. Hedge funds and other institutional investors own 79.52% of the company’s stock.

Middlesex Water Company Profile

Middlesex Water Company is a regulated utility specializing in the provision of potable water and wastewater collection services to residential, commercial and industrial customers. The company operates through its wholly owned subsidiaries, supplying treated water and effectively managing sewage collection systems under state and local regulatory frameworks. Its core mission centers on delivering safe, reliable water while complying with stringent environmental and public health standards.

Founded in 1897 and headquartered in Iselin, New Jersey, Middlesex Water has grown from a local water works enterprise into a multi‐state utilities group.