UP!

MSEX $50.72

MSEX target price
50.72
0
0
Middlesex Water Company
Headquarters Iselin, New Jersey, United States
Key people
Dennis W. Doll, Chairman, President and Chief Executive Officer
Website www.middlesexwater.com

Middlesex Water Company (NASDAQ: MSEX) is a water utility based in the U.S. state of New Jersey that was first incorporated in 1897. The company declared an annual net income of 14,396 thousand dollars with a revenue of 110,379 thousand dollars by the end of 2012.

The Middlesex Water Company provides regulated and non-regulated water related services in New Jersey and Delaware. These services include collecting, treating, distributing and selling water for domestic, commercial, municipal and industrial uses.

The company owns and operates regulated water utility and wastewater systems as well as operates water and wastewater systems under contract on behalf of municipal and private clients in New Jersey and Delaware. The company was awarded a $32 million contract to take responsibility for constructing and maintaining the water distribution system at Dover Air Force Base in Delaware for the next 50 years in September, 2013.

The company also operates regional affiliated service subsidiaries including Tidewater Utilities, Inc., Pinelands Water Company, Pinelands Wastewater Company, Twin Lakes Utilities, Inc., Utility Service Affiliates, Inc., Utility Service Affiliates (Perth Amboy) Inc., and Tidewater Environmental Systems, Inc. Tidewater's wholly owned subsidiaries include Southern Shores Water Company, LLC and White Marsh Environmental Systems, Inc. These companies are engaged in the business of helping small communities and real estate developers to address aging infrastructure issues as well as provide technical support for environmental regulations related to building and operating water distribution and treatment systems.

The Company has two overall business segments:

It is one of the few publicly held water utilities in the United States.


In 2013, Middlesex Water Company was named a finalist in the 2013 NJBIZ Business of the Year awards program. Tidewater Utilities, Inc., was named “Top Workplaces 2013” for the fifth time. In 2009, Middlesex Water Company was named one of America's Fastest Growing Publicly Traded Small Companies. In 2008, Middlesex Water was honored as one of America's Top 100 Most Trustworthy Companies for its transparent financial reporting and conservative corporate governance. The Company also was voted Outstanding Green Business in 2008 by the Edison Chamber of Commerce for its commitment to renewable energy and various sustainability initiatives.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-10-27 Future report Set alerts
Q2 2022 2022-07-29 0.50 0.50
Q1 2022 2022-04-29 0.68 0.68
Q4 2021 2022-02-25 0.41 0.41
Q3 2021 2021-10-29 0.65 0.65
Q2 2021 2021-07-30 0.62 0.62
Q1 2021 2021-05-05 0.39 0.39
Q4 2020 2021-02-25 0.47 0.47
Q3 2020 2020-10-30 0.00 0.00
Q2 2020 2020-07-31 0.55 0.55

Ratings

8099-02-26
3555-02-14
2016-03-02 Downgrade Robert W. Baird Outperform to Neutral
2015-03-25 Upgrade Robert W. Baird Neutral to Outperform
2007-11-08 Upgrade Boenning & Scattergood Market Perform to Market Outperform $22
2007-08-08 Downgrade Janney Mntgmy Scott Buy to Neutral
1970-01-01
8099-02-26
3555-02-14
2016-03-02 Downgrade Robert W. Baird Outperform to Neutral
2015-03-25 Upgrade Robert W. Baird Neutral to Outperform
2007-11-08 Upgrade Boenning & Scattergood Market Perform to Market Outperform $22

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Doll Dennis W President & CEO 0.37%  (58891) MSEX /
OCONNOR A BRUCE Vice President & CFO 0.12%  (19628) MSEX /
Risoldi Richard M Vice President 0.12%  (19307) MSEX /
Sohler Bernadette M VP-Corporate Affairs 0.06%  (8987) MSEX /
TOMPKINS J RICHARD 0.05%  (8655) MSEX /
Ginegaw Lorrie Beth VP-Corporate Affairs 0.05%  (8131) MSEX /
Esposito Gerard L President 0.04%  (6543) MSEX /
SHEIN JEFFRIES 0.04%  (5656) MSEX / PFS /
MIDDLETON JOHN R 0.04%  (5656) MSEX /
REINHARD WALTER G 0.03%  (4856) MSEX /
Garrett James P Vice President-Human Resources 0.01%  (1150) MSEX /