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MSEX

Middlesex Water Company

MSEX

NASDAQ·Utilities·Regulated Water·Mkt cap $1.1B

$57.55

▲ +1.73%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$44.17 - $62.18

P/E

23.88

Fwd P/E

21.91

Beta

0.78

Div Yield

2.51%

Avg Vol

155.0K

Shares Out

18.6M

Mkt Cap

$1.1B

Price action

Price chart

Up 1.2% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

▲

Bull Case

4 reasons

  • Established regulated utility status with predictable, rate-regulated revenue streams and customer base protection
  • Over 125 years of operational history and infrastructure investment creating high barriers to entry
  • Dual-segment business model providing revenue diversification and counter-cyclical growth opportunities
  • Essential service nature of water utilities providing recession-resistant demand and stable cash flows
▼

Bear Case

1 risk

  • Low volatility (beta 0.8).

Growth

Stable outlook

Aging water infrastructure replacement and system modernization requirements across service territories

Value

Fairly valued vs Water Utilities peers

Momentum

Strong

+5.2% over 3m

Quality

Strong

Excellent business quality

Dividend

Solid

2.51% yield

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 29, 2026

“
Q2 26 RECAP

APR 30, 2026

Reported EPS of $0.57 vs $0.57 consensus (0.0% surprise). Revenue of $48.7M vs $49.8M expected (-2.1%).

EPS beat 0.0%
Revenue miss

EPS surprise · last 4Q

1 of 1 beats

Q2 26

0.0%

Next: Apr 29, 2026

Revenue trend · last 8Q

—

—

+22%

+9%

+0%

-2%

-0%

+10%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$49.1M

$55.1M

$47.1M

$44.3M

$49.3M

$54.1M

$47.0M

$48.7M

Margins · last 8Q

Gross

—

Operating

—

Profit

21.8%

View full earnings history →

Wall Street consensus

1 analyst · 0% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

0%

Hold

1

100%

Sell

0%

Median Price Target

—

Latest: Freedom Broker · Feb 25, 2026

View full analyst page →

vs Industry

How MSEX stacks vs Regulated Water

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.