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Utilities - Regulated Water - NASDAQ - US
$ 55.57
-0.573 %
$ 996 M
Market Cap
23.06
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one MSEX stock under the worst case scenario is HIDDEN Compared to the current market price of 55.6 USD, Middlesex Water Company is HIDDEN

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one MSEX stock under the base case scenario is HIDDEN Compared to the current market price of 55.6 USD, Middlesex Water Company is HIDDEN

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one MSEX stock under the best case scenario is HIDDEN Compared to the current market price of 55.6 USD, Middlesex Water Company is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart MSEX

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$68.0$68.0$66.0$66.0$64.0$64.0$62.0$62.0$60.0$60.0$58.0$58.0$56.0$56.0$54.0$54.0$52.0$52.0$50.0$50.0$48.0$48.015 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '2515 Jun15 JunJul '25Jul '25
FINANCIALS
192 M REVENUE
15.40%
53.2 M OPERATING INCOME
35.66%
44.4 M NET INCOME
40.69%
58.7 M OPERATING CASH FLOW
11.27%
-74.6 M INVESTING CASH FLOW
17.25%
17.7 M FINANCING CASH FLOW
-50.70%
44.3 M REVENUE
-5.96%
11.6 M OPERATING INCOME
9.76%
9.48 M NET INCOME
7.67%
13.8 M OPERATING CASH FLOW
-35.58%
-18.9 M INVESTING CASH FLOW
24.78%
3.56 M FINANCING CASH FLOW
118.54%
Balance Sheet Middlesex Water Company
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Current Assets 43 M
Cash & Short-Term Investments 4.23 M
Receivables 29.6 M
Other Current Assets 9.14 M
Non-Current Assets 1.21 B
Long-Term Investments 0
PP&E 1.06 B
Other Non-Current Assets 154 M
84.29 %12.29 %Total Assets$1.3b
Current Liabilities 82.9 M
Accounts Payable 28 M
Short-Term Debt 0
Other Current Liabilities 54.8 M
Non-Current Liabilities 725 M
Long-Term Debt 353 M
Other Non-Current Liabilities 373 M
3.47 %6.78 %43.65 %46.09 %Total Liabilities$808.3m
EFFICIENCY
Earnings Waterfall Middlesex Water Company
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Revenue 192 M
Cost Of Revenue 92.4 M
Gross Profit 99.5 M
Operating Expenses 46.3 M
Operating Income 53.2 M
Other Expenses 8.86 M
Net Income 44.4 M
200m200m180m180m160m160m140m140m120m120m100m100m80m80m60m60m40m40m20m20m00192m(92m)100m(46m)53m(9m)44mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
51.86% GROSS MARGIN
51.86%
27.73% OPERATING MARGIN
27.73%
23.11% NET MARGIN
23.11%
9.92% ROE
9.92%
3.53% ROA
3.53%
3.93% ROIC
3.93%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Middlesex Water Company
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30m30m20m20m10m10m00(10m)(10m)(20m)(20m)(30m)(30m)(40m)(40m)(50m)(50m)(60m)(60m)20162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 44.4 M
Depreciation & Amortization 28 M
Capital Expenditures 0
Stock-Based Compensation 1.54 M
Change in Working Capital 0
Others -15.2 M
Free Cash Flow -15.9 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Middlesex Water Company
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MSEX has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.53% DIVIDEND YIELD
0.34 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
1.400001.400001.200001.200001.000001.000000.800000.800000.600000.600000.400000.400000.200000.200000.000000.000000.19250.198750.211250.223750.240.256250.27250.290.31250.3250.340.19250.198750.211250.223750.240.256250.27250.290.31250.3250.340.19250.198750.211250.223750.240.256250.27250.290.31250.3250.198750.780.211250.810.223750.860.240.910.256250.980.27251.040.291.110.31251.180.3251.260.341.320.682015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 4
6. Ownership
Insider Ownership Middlesex Water Company
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Sold
0-3 MONTHS
40.3 K USD 1
3-6 MONTHS
264 K USD 2
6-9 MONTHS
9.91 K USD 1
9-12 MONTHS
31 K USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Buy 3 IDEAL Dividend Kings Of 25 'Safer' In July's 55 Most Dividend Kings are overpriced, but six currently offer fair value, with annual dividends from $1,000 invested exceeding their share prices. Top-yielding Dividend Kings like Altria, Northwest Natural, and United Bankshares meet my 'dogcatcher ideal' for income-focused investors. Analyst forecasts suggest select Dividend Kings could deliver 13-28% total returns by July 2026, with lower volatility than the market. seekingalpha.com - 3 days ago
Middlesex Water Files for Rate Request ISELIN, N.J., June 30, 2025 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ: MSEX) (Middlesex or the Company) today filed a petition with the New Jersey Board of Public Utilities (NJBPU) requesting new rates driven by close to $100 million in prudently-incurred investments made to meet water quality and environmental regulations and to continue to provide safe and reliable water service to its customers. globenewswire.com - 1 week ago
Are You Looking for a High-Growth Dividend Stock? Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Middlesex Water (MSEX) have what it takes? zacks.com - 1 week ago
Middlesex Water: Safe Upside Is The Way To Go Middlesex Water Company is a high-quality, conservative water utility with strong regulatory relationships, low leverage, and a 52-year streak of dividend increases. Valuation has normalized after years of premium pricing, now trading below 24x P/E, offering an attractive entry point versus its historical average and peers. Expected EPS growth is modest (3-5% annually), but the company's safe dividend and resilient business model make it a reliable long-term holding. seekingalpha.com - 1 week ago
Best Dividend Kings: June 2025 Dividend Kings have underperformed the S&P 500 year-to-date, but 26 are outperforming SPY in 2025, with 32 posting positive returns. Dividend growth remains healthy, with four recent increases and a collective 2025 growth rate of 5.19%, despite some downward earnings revisions. Seventeen Dividend Kings appear undervalued and offer long-term annualized expected returns of at least 10%, based on Dividend Yield Theory analysis. seekingalpha.com - 1 week ago
Why Middlesex Water (MSEX) is a Great Dividend Stock Right Now Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Middlesex Water (MSEX) have what it takes? zacks.com - 3 weeks ago
4 Stocks to Watch From the Thriving Water Supply Industry Water utilities like AWK, SBS, MSEX and ARTNA are likely to benefit from stable demand for water and wastewater services. Capital-intensive utilities are set to gain from interest rate cuts. zacks.com - 1 month ago
June's Dividend Kings: 3 Ideal Buys In 25 "Safer" Dogs Most Dividend Kings are currently overpriced, but six offer fair value where annual dividends from $1,000 invested exceed their share price. Three top-yield Dividend Kings—Altria, Northwest Natural, and Canadian Utilities—meet the ideal 'dogcatcher' standard for fair pricing and dividend safety. Analyst projections suggest select Dividend Kings could deliver up to 58% total returns by June 2026, with lower volatility than the market overall. seekingalpha.com - 1 month ago
Reasons to Add Middlesex Water Stock to Your Portfolio Right Away MSEX makes a strong case for investment, given its growth prospects, better debt management and capability to increase shareholders' value. zacks.com - 1 month ago
Middlesex Water (MSEX) Could Be a Great Choice Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Middlesex Water (MSEX) have what it takes? zacks.com - 1 month ago
Middlesex Water Company Board of Directors Names Nadine Leslie Chair and Amy Mansue Lead Director ISELIN, N.J., May 23, 2025 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX), a provider of life-sustaining water and wastewater utility services, announced that its Board of Directors has named Nadine Leslie as Chair of the Board. globenewswire.com - 1 month ago
Are You Looking for a High-Growth Dividend Stock? Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Middlesex Water (MSEX) have what it takes? zacks.com - 1 month ago
8. Profile Summary

Middlesex Water Company MSEX

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COUNTRY US
INDUSTRY Regulated Water
MARKET CAP $ 996 M
Dividend Yield 0.53%
Description 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. The company was incorporated in 1896 and is headquartered in Iselin, New Jersey.
Contact 485C Route 1 South, Iselin, NJ, 08830 https://www.middlesexwater.com
IPO Date Feb. 21, 1973
Employees 360
Officers Mr. Robert K. Fullagar President of New Jersey Operations Mr. Jay L. Kooper Esq. Vice President, General Counsel & Secretary Mr. Mohammed G. Zerhouni Chief Financial Officer, Senior Vice President & Treasuer Ms. Georgia M. Simpson Vice President of Information Technology & Chief Technology Officer Mr. Robert J. Capko Corporate Controller & Principal Accounting Officer Ms. Lorrie Beth Ginegaw Vice President of Human Resources Mr. Bruce E. Patrick P.E. President of Delaware Operations Mr. Gregory Sorensen Vice President & Chief Operating Officer Ms. Nadine M. Duchemin-Leslie President, Chief Executive Officer & Director Mr. Brain Hague Vice President of Communications & Corporate Affairs