middlesex water company (nasdaq:msex) provides a full range of regulated and non-regulated water, wastewater utility and related services in parts of new jersey, delaware and pennsylvania. middlesex water engages in collecting, treating, distributing and selling water for domestic, commercial, municipal, industrial and fire protection purposes. through its comprehensive suite of services including its latest offering -- turnkey renewable energy services, the middlesex water family of companies provide customers, small system owners, developers and municipalities with practical water and wastewater solutions that enhance quality of life and serve as the framework for economic development.
Company profile
Ticker
MSEX
Exchange
Website
CEO
Dennis W. Doll
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Tidewater Utilities, Inc. • Pinelands Water Company • Pinelands Wastewater Company • Utility Service Affiliates (Perth Amboy) Inc. • Utility Service Affiliates, Inc. • Twin Lakes Utilities, Inc. ...
IRS number
221114430
MSEX stock data
Latest filings (excl ownership)
DEF 14A
Definitive proxy
11 Apr 24
NT 10-K
Notice of late annual filing
1 Mar 24
10-K
2023 FY
Annual report
29 Feb 24
8-K
Middlesex Water Announces 2023
29 Feb 24
8-K
Other Events
16 Feb 24
8-K
Middlesex Water Company Declares
29 Jan 24
8-K
Middlesex Water Company Names New President & Ceo
23 Jan 24
8-K
Other Events
17 Jan 24
10-Q
2023 Q3
Quarterly report
9 Nov 23
8-K
Middlesex Water Announces Third Quarter 2023 Financial Results
9 Nov 23
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 2.97 mm | 2.97 mm | 2.97 mm | 2.97 mm | 2.97 mm | 2.97 mm |
Cash burn (monthly) | 469.00 k | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 3.19 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | -219.14 k | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | -0.5 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
69.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 183 |
Opened positions | 26 |
Closed positions | 23 |
Increased positions | 53 |
Reduced positions | 66 |
13F shares | Current |
---|---|
Total value | 819.61 bn |
Total shares | 12.45 mm |
Total puts | 2.00 k |
Total calls | 21.60 k |
Total put/call ratio | 0.1 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 3.22 mm | $213.42 bn |
Vanguard | 1.41 mm | $93.18 bn |
First Trust Advisors | 1.23 mm | $81.67 bn |
Pictet Asset Management Holding | 848.07 k | $56.18 bn |
STT State Street | 683.11 k | $45.26 bn |
Dimensional Fund Advisors | 465.49 k | $30.84 bn |
MS Morgan Stanley | 383.25 k | $25.39 bn |
Geode Capital Management | 368.17 k | $24.39 bn |
IVZ Invesco | 326.04 k | $21.60 bn |
T. Rowe Price Investment Management | 252.75 k | $16.82 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Apr 24 | Doll Dennis W | Common Stock (Book Entry) | Grant | Acquire A | No | No | 52.5 | 714 | 37.49 k | 19,375 |
1 Apr 24 | Cosgrove James F. Jr. | Common Stock (Book Entry) | Grant | Acquire A | No | No | 52.5 | 857 | 44.99 k | 857 |
1 Apr 24 | Joshua Bershad | Common Stock (Book Entry) | Grant | Acquire A | No | No | 52.5 | 857 | 44.99 k | 857 |
1 Apr 24 | Hanemann Kim C | Common Stock (Book) | Grant | Acquire A | No | No | 52.5 | 857 | 44.99 k | 1,800 |
1 Apr 24 | Mansue Amy B. | Common Stock (Book) | Grant | Acquire A | No | No | 52.5 | 857 | 44.99 k | 857 |
News
American Water's (AWK) Unit to Invest $2.5M in System Upgrade
5 Apr 24
Over $1M Bet On EchoStar? Check Out These 3 Stocks Insiders Are Buying
11 Mar 24
Baird Maintains Outperform on Middlesex Water, Lowers Price Target to $59
1 Mar 24
Middlesex Water Q4 EPS $0.32 Misses $0.52 Estimate, Sales $38.60M Miss $44.90M Estimate
1 Mar 24
Press releases
Tidewater Utilities Announces Strategy for Compliance With New EPA PFAS Regulation
15 Apr 24
Middlesex Water Has Implemented Its Strategy for Compliance With New More Stringent Federal Regulations for PFAS
11 Apr 24
Middlesex Water Announces 2023 Year End Results
29 Feb 24
Middlesex Water Company Declares Quarterly Cash Dividend
29 Jan 24