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MSEX 
Middlesex Water Company (MSEX)
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Stock price based on last close (see disclosures)
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Upturn Advisory Summary
12/04/2025: MSEX (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
3 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $59.67
1 Year Target Price $59.67
| 1 | Strong Buy |
| 0 | Buy |
| 1 | Hold |
| 1 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -29.81% | Avg. Invested days 36 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/04/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 951.92M USD | Price to earnings Ratio 21.72 | 1Y Target Price 59.67 |
Price to earnings Ratio 21.72 | 1Y Target Price 59.67 | ||
Volume (30-day avg) 3 | Beta 0.87 | 52 Weeks Range 43.87 - 65.79 | Updated Date 12/5/2025 |
52 Weeks Range 43.87 - 65.79 | Updated Date 12/5/2025 | ||
Dividends yield (FY) 2.65% | Basic EPS (TTM) 2.39 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 22.08% | Operating Margin (TTM) 34.89% |
Management Effectiveness
Return on Assets (TTM) 2.84% | Return on Equity (TTM) 9.28% |
Valuation
Trailing PE 21.72 | Forward PE 28.57 | Enterprise Value 1350519063 | Price to Sales(TTM) 4.89 |
Enterprise Value 1350519063 | Price to Sales(TTM) 4.89 | ||
Enterprise Value to Revenue 6.93 | Enterprise Value to EBITDA 14.5 | Shares Outstanding 18337819 | Shares Floating 18060551 |
Shares Outstanding 18337819 | Shares Floating 18060551 | ||
Percent Insiders 1.33 | Percent Institutions 82.67 |
Upturn AI SWOT
Middlesex Water Company
Company Overview
History and Background
Middlesex Water Company, founded in 1897, provides regulated and unregulated water and wastewater services. Initially focused on New Jersey, it has expanded through acquisitions and organic growth.
Core Business Areas
- Regulated Water: Provides potable water distribution and treatment services to residential, commercial, and industrial customers under the oversight of regulatory agencies.
- Regulated Wastewater: Collects, treats, and disposes of wastewater from residential, commercial, and industrial customers under regulatory guidelines.
- Non-Regulated Services: Offers contract operations, maintenance, and meter reading services to municipal and private clients. Also involved in real estate activities.
Leadership and Structure
The company is led by a board of directors and a management team headed by the CEO. Organizational structure involves departments for operations, finance, engineering, and customer service.
Top Products and Market Share
Key Offerings
- Potable Water Distribution: Delivery of treated water to residential, commercial, and industrial customers. The company's market share varies by region served; data is not readily available for exact share across all service territories. Competitors include other regional water utilities.
- Wastewater Collection and Treatment: Collection and treatment of wastewater. Market share data is similarly regional and not readily available on a comprehensive basis. Competitors are other regional wastewater utilities and municipal providers.
Market Dynamics
Industry Overview
The water and wastewater industry is capital-intensive and highly regulated. Demand is generally stable but influenced by population growth, conservation efforts, and infrastructure needs.
Positioning
Middlesex Water Company positions itself as a reliable provider of essential water and wastewater services, focusing on infrastructure investment and regulatory compliance. They have a strong regional presence.
Total Addressable Market (TAM)
The U.S. water and wastewater market is estimated to be worth hundreds of billions of dollars. Middlesex Water Company captures a small percentage of this TAM, primarily focused on its service territories in New Jersey, Delaware, and Pennsylvania. They are positioned to grow through acquisitions and infrastructure improvements within their existing footprint.
Upturn SWOT Analysis
Strengths
- Established regional presence
- Reliable and regulated revenue streams
- Experienced management team
- Commitment to infrastructure investment
- History of dividend payments
Weaknesses
- Geographic concentration
- Susceptibility to regulatory changes
- High capital expenditure requirements
- Exposure to environmental risks
- Limited growth opportunities outside of acquisitions
Opportunities
- Acquisitions of smaller water and wastewater systems
- Infrastructure modernization projects
- Expansion into adjacent service areas
- Partnerships with municipalities
- Technological advancements in water treatment
Threats
- Increasing regulatory scrutiny
- Rising operating costs (e.g., chemicals, energy)
- Water scarcity and drought conditions
- Cybersecurity threats
- Economic downturn impacting customer affordability
Competitors and Market Share
Key Competitors
- AWK
- WTRG
- SJW
Competitive Landscape
Middlesex Water Company faces competition from larger national players and smaller regional utilities. Its competitive advantage lies in its regional focus and long-standing relationships with its customers and regulators.
Major Acquisitions
Twin Falls Water Works
- Year: 2021
- Acquisition Price (USD millions): 9.3
- Strategic Rationale: Expanded service territory in Idaho and increased customer base.
Growth Trajectory and Initiatives
Historical Growth: Middlesex Water Company's growth has been moderate, driven by organic expansion and acquisitions. Recent growth rates can be found in annual reports.
Future Projections: Analyst projections vary but generally anticipate continued steady growth, driven by infrastructure investments and regulatory tailwinds.
Recent Initiatives: Recent initiatives include investments in infrastructure upgrades, acquisitions of smaller water systems, and implementation of new technologies.
Summary
Middlesex Water Company is a stable and reliable utility with a long history of dividend payments. Its strengths lie in its regional focus and regulated revenue streams. However, it faces challenges from regulatory scrutiny, rising costs, and competition from larger players. Strategic acquisitions and infrastructure investments are key to future growth.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company filings (SEC)
- Financial news sources (e.g., Yahoo Finance, Google Finance)
- Industry reports
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Market data can fluctuate and should be independently verified before making investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Middlesex Water Company
Exchange NASDAQ | Headquaters Iselin, NJ, United States | ||
IPO Launch date 1990-03-26 | President, CEO & Chairman of the Board Ms. Nadine M. Duchemin-Leslie | ||
Sector Utilities | Industry Utilities - Regulated Water | Full time employees 360 | Website https://www.middlesexwater.com |
Full time employees 360 | Website https://www.middlesexwater.com | ||
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 Regulated segment collects, treats, and distributes water on a retail and wholesale basis to residential, commercial, industrial, and fire protection customers; and provides regulated wastewater system in New Jersey, Pinelands Wastewater. The Non-Regulated segment provides non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems. The company primarily operates in parts of New Jersey and Delaware, including Middlesex, Tidewater, Pinelands Water, and Southern Shores. Middlesex Water Company was incorporated in 1896 and is headquartered in Iselin, New Jersey.
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