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Upturn AI Summary - About
Middlesex Water Company(MSEX)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for MSEX
11/06/2026: MSEX (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Middlesex Water Company is a stable, regulated water and wastewater utility serving customers in New Jersey and Delaware. The company is known for its defensive business model, which provides consistent cash flows and a reliable dividend, making it a suitable option for income-focused, low-risk investors. Key strengths include its long-standing operational history and a strategic focus on regional consolidation and infrastructure modernization. However, the company faces risks related to heavy capital expenditure requirements, interest rate sensitivity, and potential regulatory lag. Investors should monitor the progress of infrastructure projects and the outcome of future rate cases, as these are critical drivers of the company's financial health and growth trajectory.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | Utility stocks typically offer low, stable growth rather than the high growth profiles sought by growth investors. |
| Momentum investor | Weak fit | The stock tends to show low volatility and limited rapid price momentum. |
| Value investor | Mixed fit | Utility valuations can be sensitive to interest rates, requiring careful entry points. |
| Dividend investor | Strong fit | The company's long history of dividend payments makes it well-suited for income-focused portfolios. |
| Low-risk investor | Strong fit | As a regulated utility with essential services, it offers lower volatility compared to the broader market. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Low | Utilities are generally defensive assets with lower price fluctuations than cyclical sectors. |
| Valuation risk | Medium | Utility valuations are often highly correlated with long-term interest rates. |
| Competition risk (Natural Monopoly) | Low / none | Regulated water utilities operate as monopolies in their service areas. |
| Business quality | Strong | The business provides essential, non-discretionary services with high barriers to entry. |
| Dividend income | Strong | The company maintains a reliable dividend policy supported by stable cash flows. |
| Execution risk | Medium | Successful capital project delivery and regulatory compliance are essential for rate recovery. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type Stock | Historic Profit -31.07% | Avg. Invested days 31 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/06/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.15B USD | Price to earnings Ratio 21.61 | 1Y Target Price 61 |
Price to earnings Ratio 21.61 | 1Y Target Price 61 | ||
Volume (30-day avg) 149.7K shares | Beta 0.69 | 52 Weeks Range 47.25 - 60.72 | Updated Date 11/07/2026 |
52 Weeks Range 47.25 - 60.72 | Updated Date 11/07/2026 | ||
Dividends yield (FY) 2.42% | Basic EPS (TTM) 2.77 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Regulated Water Services | Water distribution and wastewater treatment revenue in NJ and DE. | The core, regulated utility business provides the most stable and predictable revenue. |
| Contract Operations | Management services for third-party water systems. | This adds a layer of diversified revenue by selling technical expertise to other municipalities. |
| Geography: Mid-Atlantic | Concentration in New Jersey and Delaware. | Performance is highly tied to the regulatory environment of these two specific states. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2026-10-29 | When After Market | Estimate 0.86 | Actual 0.95 |
Profitability
Profit Margin 24.5% | Operating Margin (TTM) 38.91% |
Management Effectiveness
Return on Assets (TTM) 3.1% | Return on Equity (TTM) 10.07% |
Valuation
Trailing PE 21.61 | Forward PE 28.57 | Enterprise Value 1.58B | Price to Sales(TTM) 5.4 |
Enterprise Value 1.58B | Price to Sales(TTM) 5.4 | ||
Enterprise Value to Revenue 7.42 | Enterprise Value to EBITDA 15.03 | Shares Outstanding 19.13M | Shares Floating 18.64M |
Shares Outstanding 19.13M | Shares Floating 18.64M | ||
Percent Insiders 2.29 | Percent Institutions 87.57 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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