Middlesex Water (MSEX)

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

1M 3M 6M 1Y

Latest filings (excl ownership)

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ARS

2024 FY

Annual report to shareholders

10 Apr 25

DEFA14A

Additional proxy soliciting materials

10 Apr 25

Annual report (amended)

11 Mar 25

8-K

Changes in Registrant's Certifying Accountant

28 Feb 25

Middlesex Water Company Reports 2024 Financial Results

28 Feb 25

8-K

Middlesex Water Names Gregory Sorensen

26 Nov 24

8-K

Departure of Directors or Certain Officers

31 Oct 24

Latest ownership filings

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Nadine Duchemin-Leslie

Financial summary

Financial statements Chart MSEX financial data

Quarter (USD)	Dec 24	Sep 24	Jun 24	Mar 24
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 24	Dec 23	Dec 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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)	4.23 mm	4.23 mm	4.23 mm	4.23 mm	4.23 mm	4.23 mm
Cash burn (monthly)	706.00 k	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	2.67 mm	n/a	n/a	n/a	n/a	n/a
Cash remaining	1.56 mm	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	2.2	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2024

MSEX institutional ownership history Ownership history

77.3% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	212	197	+7.6%
Opened positions	30	22	+36.4%
Closed positions	15	23	-34.8%
Increased positions	70	51	+37.3%
Reduced positions	60	77	-22.1%

13F shares	Current	Prev Q	Change
Total value	609.56 bn	767.82 bn	-20.6%
Total shares	13.84 mm	14.79 mm	-6.5%
Total puts	1.00 k	1.70 k	-41.2%
Total calls	5.80 k	21.60 k	-73.1%
Total put/call ratio	0.2	0.1	+119.1%

Largest owners	Shares	Value	Change
BlackRock	3.48 mm	$182.91 bn	+3.8%
T. Rowe Price Investment Management	1.47 mm	$77.44 mm	+9.4%
Vanguard	1.39 mm	$73.23 bn	-2.1%
STT State Street	830.97 k	$43.73 bn	+2.2%
MS Morgan Stanley	543.76 k	$28.62 bn	+0.6%
First Trust Portfolios	516.91 k	$26.36 mm	-58.3%
Geode Capital Management	431.77 k	$22.73 bn	-0.6%
Dimensional Fund Advisors	429.58 k	$22.61 bn	-2.4%
First Trust Advisors	390.01 k	$20.53 bn	-64.3%
IVZ Invesco	255.39 k	$13.44 bn	-10.2%

Largest transactions	Shares	Bought/sold	Change
First Trust Portfolios	516.91 k	-723.37 k	-58.3%
First Trust Advisors	390.01 k	-702.51 k	-64.3%
KBCSF KBC	961.00	-254.41 k	-99.6%
T. Rowe Price Investment Management	1.47 mm	+126.73 k	+9.4%
BlackRock	3.48 mm	+126.10 k	+3.8%
Jane Street	91.53 k	+80.78 k	+751.4%
JPM JPMorgan Chase & Co.	92.56 k	+60.34 k	+187.2%
Assenagon Asset Management	19.07 k	-55.88 k	-74.6%
HBCYF HSBC	50.13 k	+50.13 k	NEW
HRT Financial	49.29 k	+49.29 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

MSEX insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
1 Apr 25	Joshua Bershad	Common Stock (Book)	Grant	Acquire A	No	No	64.1	702	45.00 k	702
1 Apr 25	Doll Dennis W	Common Stock (Book)	Grant	Acquire A	No	No	64.1	702	45.00 k	20,077
1 Apr 25	Cosgrove James F. Jr.	Common Stock (Book)	Grant	Acquire A	No	No	64.1	702	45.00 k	702
1 Apr 25	Hanemann Kim C	Common Stock (Book)	Grant	Acquire A	No	No	64.1	702	45.00 k	2,502
1 Apr 25	Klein Steven M	Common Stock (Book)	Grant	Acquire A	No	No	64.1	702	45.00 k	2,468