Amount
Latest price
$55.80
(£1.00 = $1.365)
Number of shares (est.)
0
Market Cap
$995.824M
P/E ratio
23.15
EPS
$2.40
Beta
0.80
Dividend rate
$1.33
Dividend yield
2.39%
Middlesex Water Company is a water utility company. The Company owns and operates regulated water utility and wastewater systems primarily in New Jersey and Delaware. It also operates water and wastewater systems under contract on behalf of municipal and private clients, primarily in New Jersey and Delaware. It operates through two segments: Regulated and Non-Regulated. The Regulated segment is engaged in the business of collecting, treating and distributing water on a retail and wholesale basis to residential, commercial, industrial and fire protection customers in parts of New Jersey and Delaware and includes Middlesex, Tidewater, Pinelands Water and Southern Shores. The Non-Regulated segment primarily consists of non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware and includes USA, USA-PA, and White Marsh. Across its regulated utility systems, it serves approximately 128,000 customers.
CEO
Ms. Nadine Duchemin-Leslie
Employees
360
Sector
Utilities
Company HQ
ISELIN, United States of America
Website
ISELIN, N.J., June 30, 2025 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ: MSEX) (Middlesex or the Company) today filed a petition with the New Jersey Board of Public Utilities (NJBPU) requesting new rates driven by close to $100 million in prudently-incurred investments made to meet water quality and environmental regulations and to continue to provide safe and reliable water service to its customers.
Middlesex Water Company is a high-quality, conservative water utility with strong regulatory relationships, low leverage, and a 52-year streak of dividend increases. Valuation has normalized after years of premium pricing, now trading below 24x P/E, offering an attractive entry point versus its historical average and peers. Expected EPS growth is modest (3-5% annually), but the company's safe dividend and resilient business model make it a reliable long-term holding.
Dividend Kings have underperformed the S&P 500 year-to-date, but 26 are outperforming SPY in 2025, with 32 posting positive returns. Dividend growth remains healthy, with four recent increases and a collective 2025 growth rate of 5.19%, despite some downward earnings revisions. Seventeen Dividend Kings appear undervalued and offer long-term annualized expected returns of at least 10%, based on Dividend Yield Theory analysis.
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