Middlesex Water Company MSEX R2K
Utilities · Utilities - Regulated Water · United States
Middlesex Water Company owns and operates regulated water utility and wastewater systems in the United States. It operates in two segments, Regulated and Non-Regulated. The company collects, treats, and distributes water on a retail and wholesale basis to residential, commercial, industrial, and fire protection customers; and provides regulated wastewater system. It also provides non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems. Middlesex Water Company was incorporated in 1896 and is headquartered in Iselin, New Jersey.
READ MORE ›$52.53
-6.89% 1Y
Market & Price
Market Cap
$978.34M
Current Price
$52.53
High / Low (52W)
$60.71 / $47.94
Beta
0.78
Valuation
Stock P/E
21.89
Industry PE
19.80
Forward P/E
17.57
PEG Ratio
18.45
Book Value
$26.97
Price to Book
1.95
P/S
4.91
EV/EBITDA
15.06
Dividend Yield
2.70%
Profitability & Returns
ROCE
4.87%
ROE
9.22%
ROA
2.84%
Profit Margin
22.07%
Op Margin
29.27%
EPS (Latest Qtr)
$0.57
EPS (TTM)
$2.40
Balance Sheet & Liquidity
Debt/Equity
0.85
Quick Ratio
0.26
Current Ratio
0.39
Debt
$428.00M
Total Assets
$1.37B
Current Assets
$41.77M
Working Capital
$-52.03M
Ownership
Promoter Holding
2.35%
Chg in Prom Hold
-
FII / Inst Holding
86.95%
Chg in FII Hold
-
Financial Snapshot
Enterprise Value
$1.41B
Total Revenue (TTM)
$199.11M
EBITDA
$93.35M
Free Cash Flow
$-30.41M
Operating Cash Flow
$60.55M
Shares Outstanding
18.62M
Gross Margin
53.19%
Payout Ratio
58.33%
Growth (CAGR)
Revenue 5Y
6.22%
Profit 5Y
0.31%
Revenue (YoY)
10.00%
Earnings (YoY)
8.10%
PROS
- Excellent profit margin of 22.1%.
- Attractive dividend yield of 2.70%.
CONS
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Utilities).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | MSEX Middlesex Water Company R2K | 52.53 | 21.89 | $978.34M | 2.70% | 4.87% | 9.22% | 6.22% | 0.31% |
| 2 | NEE NextEra Energy, Inc. SPX | 87.01 | 22.08 | $181.47B | 2.86% | 4.79% | 10.32% | 9.36% | 18.12% |
| 3 | SO The Southern Company SPX | 92.05 | 23.54 | $103.77B | 3.30% | 5.93% | 10.99% | 0.31% | 7.09% |
| 4 | DUK Duke Energy Corporation SPX | 122.73 | 18.88 | $95.68B | 3.47% | 5.35% | 9.66% | 3.87% | 24.90% |
| 5 | AEP American Electric Power Company, Inc. NDXSPX | 126.67 | 18.74 | $68.92B | 3.00% | 5.68% | 12.58% | 3.66% | 15.77% |
| 6 | D Dominion Energy, Inc. SPX | 66.94 | 19.75 | $58.87B | 3.99% | 5.34% | 9.79% | 5.80% | 36.03% |
| 7 | SRE Sempra SPX | 89.13 | 30.32 | $58.26B | 2.95% | 3.04% | 5.69% | -1.73% | -4.95% |
| 8 | VST Vistra Corp. SPXAI | 160.23 | 26.79 | $54.03B | 0.57% | 7.08% | 42.90% | 8.92% | 58.98% |
| 9 | ETR Entergy Corporation SPX | 109.05 | 27.89 | $49.93B | 2.35% | 5.63% | 10.75% | -2.02% | 17.36% |
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Quarterly Results
Figures in USD.
| Metric | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 38.16M | 42.80M | 46.72M | 38.60M | 40.52M | 49.15M | 55.10M | 47.11M | 44.30M | 49.32M | 54.09M | 46.98M | 48.71M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 21.11M | 23.07M | 23.74M | 23.38M | 23.01M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 23.19M | 26.26M | 30.35M | 23.60M | 25.70M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 11.63M | 12.35M | 12.65M | 12.40M | 12.60M |
| Operating Income | 10.33M | 14.16M | 7.85M | 7.58M | 9.36M | 12.60M | 8.26M | 6.35M | 10.72M | 12.92M | 7.15M | 7.03M | 8.95M | 11.98M | 7.56M | 6.53M | 9.38M | 13.18M | 8.33M | 5.63M | 9.81M | 11.42M | 6.34M | 12.52M | 10.09M | 16.57M | 8.15M | 7.49M | 10.67M | 12.82M | 8.24M | 9.87M | 15.31M | 17.50M | 10.53M | 11.56M | 13.91M | 17.70M | 11.21M | 13.10M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 21.27M | 23.35M | 28.12M | 21.69M | 23.29M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.71M | 3.62M | 4.20M | 3.76M | 3.21M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10.64M | 12.19M | 15.39M | 9.43M | 11.89M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.16M | 1.41M | 1.43M | 820.00K | 1.28M |
| Net Income | 5.92M | 8.81M | 3.22M | 4.44M | 5.38M | 7.64M | 5.34M | 4.49M | 8.68M | 12.29M | 6.99M | 6.55M | 8.15M | 11.12M | 8.07M | 7.67M | 9.71M | 12.74M | 8.31M | 6.91M | 10.92M | 11.48M | 7.24M | 12.10M | 8.87M | 14.29M | - | 5.87M | 9.90M | 9.99M | 5.76M | 10.68M | 10.55M | 14.32M | 8.80M | 9.48M | 10.78M | 13.96M | 8.61M | 10.61M |
| Diluted EPS | 0.36 | 0.54 | 0.19 | 0.27 | 0.33 | 0.46 | 0.32 | 0.27 | 0.52 | 0.74 | 0.43 | 0.39 | 0.49 | 0.67 | 0.46 | 0.44 | 0.55 | 0.72 | 0.47 | 0.39 | 0.62 | 0.65 | 0.41 | 0.68 | 0.50 | 0.81 | 0.40 | 0.33 | 0.55 | 0.56 | 0.32 | 0.59 | 0.59 | 0.80 | 0.49 | 0.53 | 0.60 | 0.77 | 0.46 | 0.57 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | 162.43M | 166.27M | 191.88M | 194.69M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | 79.10M | 83.11M | 92.36M | 91.29M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | 83.34M | 83.16M | 99.51M | 103.40M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | 41.24M | 43.94M | 46.30M | 49.03M |
| Operating Income | 20.16M | 26.60M | 24.20M | 27.65M | 30.97M | 34.39M | 35.84M | 40.30M | 37.80M | 37.14M | 35.52M | 37.42M | - | 42.10M | 39.22M | 53.21M | 54.38M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | 80.20M | 72.72M | 92.06M | 94.43M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | 7.05M | 10.71M | 12.77M | 14.29M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | 45.67M | 32.56M | 51.26M | 47.64M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.24M | 1.04M | 6.91M | 4.82M |
| Net Income | 9.98M | 14.33M | 13.45M | 14.40M | 16.63M | 18.45M | 20.03M | 22.74M | 22.81M | 32.45M | 33.89M | 38.42M | - | 42.43M | 31.52M | 44.35M | 42.82M |
| Diluted EPS | 0.72 | 0.96 | 0.84 | 0.90 | 1.03 | 1.13 | 1.22 | 1.38 | 1.38 | 1.96 | 2.01 | 2.18 | - | 2.39 | 1.76 | 2.47 | 2.36 |
Compounded Sales Growth
| 5 Years: | 6.22% |
| 1 Year: | 10.00% |
Compounded Profit Growth
| 5 Years: | 0.31% |
| 1 Year: | 8.10% |
Stock Price Performance
| 1 Year: | -6.89% |
| 6 Months: | +5.16% |
| 3 Months: | -2.04% |
| 1 Month: | +1.74% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 489.19M | 537.54M | 561.73M | 530.34M | 575.77M | 581.38M | 620.16M | 661.14M | 767.83M | 909.88M | 976.47M | - | 1.07B | 1.24B | 1.26B | 1.37B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 37.31M | 108.54M | 42.97M | 41.77M |
| Cash & Equivalents | 3.29M | 4.28M | 2.45M | 3.11M | 3.02M | 4.83M | 2.67M | 3.47M | 3.88M | 4.94M | 3.71M | 2.23M | 4.49M | - | 3.83M | 2.39M | 4.23M | 2.80M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6.18M | 6.97M | 6.72M | 7.55M |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 16.02M | 18.17M | 18.84M | 19.21M |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 672.04M | 810.98M | 808.28M | 870.36M |
| Current Liabilities | - | - | 40.74M | 46.69M | 55.93M | 52.68M | 43.87M | 28.32M | 47.06M | 64.54M | 94.36M | 64.98M | 56.85M | - | 117.86M | 103.83M | 82.89M | 93.80M |
| Long Term Debt | - | - | 133.84M | 132.17M | 131.47M | 129.80M | 136.04M | 132.91M | 134.54M | 139.04M | 152.85M | 230.78M | 273.24M | - | 290.28M | 358.15M | 352.82M | 378.87M |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 366.95M | 411.71M | 385.96M | 416.81M |
| Total Equity | - | - | - | - | 316.45M | 321.43M | - | - | - | - | - | - | 346.21M | - | 402.41M | 425.07M | 446.90M | 495.37M |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 17.64M | 17.82M | 17.89M | 18.52M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 18.51M | 25.57M | 22.84M | 29.57M | 51.21M | 47.07M | 42.84M | 45.86M | 36.05M | 53.35M | - | 61.36M | 52.78M | 58.73M | 62.60M |
| Investing Cash Flow | -19.67M | -31.39M | -20.07M | -22.31M | -24.38M | -47.38M | -50.30M | -72.09M | -89.12M | -105.62M | - | -88.21M | -90.18M | -74.62M | -100.96M |
| Financing Cash Flow | 2.16M | 4.00M | -2.12M | -7.34M | -26.03M | 714.00K | 9.54M | 25.49M | 93.91M | 16.17M | - | 27.15M | 35.96M | 17.73M | 38.61M |
| Capital Expenditure | - | - | - | - | - | - | - | - | - | -105.62M | - | -91.33M | -90.18M | -74.62M | -96.35M |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | -52.26M | - | -29.97M | -37.40M | -15.89M | -33.76M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | 295.00K | -1.44M | 1.84M | 249.00K |
| Share Buybacks | - | - | - | - | - | - | - | - | - | - | - | - | 619.00K | 1.47M | - |
| Dividends Paid | 208.00K | 207.00K | 206.00K | 206.00K | - | - | - | - | - | - | - | - | - | - | - |
Ratios (Annual)
Figures in %.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | 51.3% | 50.0% | 51.9% | 53.1% |
| Operating Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | 25.9% | 23.6% | 27.7% | 27.9% |
| Net Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | 26.1% | 19.0% | 23.1% | 22.0% |
| ROE % | - | - | - | 4.5% | 5.2% | - | - | - | - | - | - | 11.1% | - | 10.5% | 7.4% | 9.9% | 8.6% |
| ROCE % | - | 5.9% | 4.9% | 5.5% | 6.5% | 6.5% | 6.5% | 7.0% | 6.3% | 5.5% | 4.2% | 4.1% | - | 4.4% | 3.5% | 4.5% | 4.3% |
Shareholding Pattern
Insiders
2.35%
Institutions
86.95%
Public Float
89.05%
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 16.20% | 3.02M | $158.46M |
| 2 | T. Rowe Price Investment Management, Inc. | 9.35% | 1.74M | $91.51M |
| 3 | Neuberger Berman Group, LLC | 8.32% | 1.55M | $81.42M |
| 4 | Morgan Stanley | 5.95% | 1.11M | $58.18M |
| 5 | Vanguard Capital Management LLC | 4.45% | 827.95K | $43.49M |
| 6 | State Street Corporation | 4.00% | 744.06K | $39.09M |
| 7 | Vanguard Portfolio Management LLC | 2.62% | 488.07K | $25.64M |
| 8 | Geode Capital Management, LLC | 2.52% | 469.92K | $24.68M |
| 9 | Legal & General Group PLC | 2.18% | 405.85K | $21.32M |
| 10 | Dimensional Fund Advisors LP | 1.86% | 345.76K | $18.16M |
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Analyst aggregate. Targets and ratings update periodically; not investment advice.
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