Middlesex Water (NASDAQ:MSEX) Releases Earnings Results, Misses Estimates By $0.03 EPS

Middlesex Water (NASDAQ:MSEX) announced its quarterly earnings data on Thursday. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03), FiscalAI reports. Middlesex Water had a return on equity of 9.38% and a net margin of 22.08%.The firm had revenue of $46.98 million for the quarter, compared to analyst estimates of $46.91 million.

Middlesex Water Trading Up 1.7%

NASDAQ MSEX opened at $55.00 on Friday. The business’s fifty day moving average is $52.46 and its 200-day moving average is $53.29. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.42 and a quick ratio of 0.36. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 3.51 and a beta of 0.89. Middlesex Water has a one year low of $44.17 and a one year high of $67.09.

Middlesex Water Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Tuesday, February 17th. Middlesex Water’s payout ratio is presently 60.25%.

Institutional Investors Weigh In On Middlesex Water

A number of hedge funds have recently modified their holdings of MSEX. T. Rowe Price Investment Management Inc. raised its stake in shares of Middlesex Water by 4.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,699,403 shares of the utilities provider’s stock valued at $85,684,000 after buying an additional 66,174 shares during the period. Invesco Ltd. raised its position in shares of Middlesex Water by 5.9% in the fourth quarter. Invesco Ltd. now owns 307,594 shares of the utilities provider’s stock valued at $15,509,000 after purchasing an additional 17,261 shares during the period. Corient Private Wealth LLC boosted its holdings in Middlesex Water by 122.6% in the 4th quarter. Corient Private Wealth LLC now owns 22,656 shares of the utilities provider’s stock worth $1,142,000 after buying an additional 12,476 shares during the period. Zimmer Partners LP grew its stake in Middlesex Water by 18.8% in the 4th quarter. Zimmer Partners LP now owns 183,657 shares of the utilities provider’s stock valued at $9,260,000 after buying an additional 29,100 shares in the last quarter. Finally, Odyssean LLC purchased a new position in shares of Middlesex Water in the fourth quarter valued at $442,000. Institutional investors own 79.52% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Middlesex Water in a report on Thursday, January 22nd. Robert W. Baird cut their target price on shares of Middlesex Water from $73.00 to $63.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. Finally, New Street Research set a $52.00 price objective on Middlesex Water in a report on Friday, December 5th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Middlesex Water presently has an average rating of “Moderate Buy” and a consensus target price of $60.33.

Middlesex Water Company Profile

Middlesex Water Company is a regulated utility specializing in the provision of potable water and wastewater collection services to residential, commercial and industrial customers. The company operates through its wholly owned subsidiaries, supplying treated water and effectively managing sewage collection systems under state and local regulatory frameworks. Its core mission centers on delivering safe, reliable water while complying with stringent environmental and public health standards.

Founded in 1897 and headquartered in Iselin, New Jersey, Middlesex Water has grown from a local water works enterprise into a multi‐state utilities group.