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

Analyst ratings and price targets

Last 3 months

Average target

$58.50

Low target

$56.00

High target

$61.00

Baird

Maintains

Neutral

$61.00

1 Nov 24

Latest filings (excl ownership)

View all

8-K

Middlesex Water Names Gregory Sorensen

26 Nov 24

8-K

Departure of Directors or Certain Officers

31 Oct 24

Middlesex Water Announces Third Quarter 2024 Financial Results

31 Oct 24

8-K

52 Years of Consecutive Dividend Increases

24 Oct 24

8-K

Middlesex Water Company Announces Retirement of Bernadette Sohler, VP of Corporate Affairs

31 Jul 24

Middlesex Water Announces Second Quarter 2024 Results

31 Jul 24

8-K

Middlesex Water Company Declares

24 Jul 24

Latest ownership filings

View all

T. Rowe Price Investment Management, Inc.

FIRST TRUST PORTFOLIOS LP

FIRST TRUST PORTFOLIOS LP

Financial summary

Financial statements Chart MSEX financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
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)	6.34 mm	6.34 mm	6.34 mm	6.34 mm	6.34 mm	6.34 mm
Cash burn (monthly)	560.33 k	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	2.25 mm	n/a	n/a	n/a	n/a	n/a
Cash remaining	4.09 mm	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	7.3	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, Q3 2024

MSEX institutional ownership history Ownership history

82.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	196	196	–
Opened positions	22	28	-21.4%
Closed positions	22	21	+4.8%
Increased positions	51	66	-22.7%
Reduced positions	77	67	+14.9%

13F shares	Current	Prev Q	Change
Total value	767.99 bn	579.46 bn	+32.5%
Total shares	14.79 mm	12.92 mm	+14.5%
Total puts	1.70 k	5.90 k	-71.2%
Total calls	21.60 k	19.60 k	+10.2%
Total put/call ratio	0.1	0.3	-73.9%

Largest owners	Shares	Value	Change
BlackRock	3.35 mm	$218.51 bn	NEW
Vanguard	1.42 mm	$92.69 bn	+2.3%
T. Rowe Price Investment Management	1.34 mm	$87.73 mm	+6.8%
First Trust Portfolios	1.24 mm	$79.68 mm	+615.6%
First Trust Advisors	1.09 mm	$71.28 bn	+13141.1%
STT State Street	813.46 k	$53.07 bn	+7.0%
MS Morgan Stanley	540.67 k	$35.27 bn	+0.1%
Dimensional Fund Advisors	440.23 k	$28.72 bn	-2.7%
Geode Capital Management	434.56 k	$28.36 bn	+0.8%
IVZ Invesco	284.28 k	$18.55 bn	+2.7%

Largest transactions	Shares	Bought/sold	Change
BLK BlackRock	0.00	-3.36 mm	EXIT
BlackRock	3.35 mm	+3.35 mm	NEW
First Trust Advisors	1.09 mm	+1.08 mm	+13141.1%
First Trust Portfolios	1.24 mm	+1.07 mm	+615.6%
T. Rowe Price Investment Management	1.34 mm	+85.03 k	+6.8%
Renaissance Technologies	187.60 k	-75.10 k	-28.6%
Qube Research & Technologies	0.00	-69.64 k	EXIT
Jane Street	10.75 k	-55.58 k	-83.8%
STT State Street	813.46 k	+53.10 k	+7.0%
Walleye Capital	0.00	-44.79 k	EXIT

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
31 Dec 24	Sohler Bernadette M	Common Stock (Book Entry)	Payment of exercise	Acquire F	No	No	52.63	2,738	144.10 k	4,459
31 Dec 24	Sohler Bernadette M	Common Stock (Restricted Stock Book Entry)	Other	Dispose J	No	No	52.63	3,952	207.99 k	0
20 Dec 24	Gregory S Sorensen	Common Stock (Book Entry)	Payment of exercise	Dispose F	No	No	54.84	846	46.39 k	1,314
19 Dec 24	Gregory S Sorensen	Common Stock (Restricted Stock - Book Entry)	Grant	Acquire A	No	No	55.56	2,160	120.01 k	2,160
8 Nov 24	Robert John Capko	Common Stock (Book Entry)	Sell	Dispose S	No	No	69.31	143	9.91 k	0
27 Aug 24	Reinhard Walter G	Common Stock (Street Name)	Sell	Dispose S	No	No	61.91	68	4.21 k	6,651
27 Aug 24	Reinhard Walter G	Common Stock (Street Name)	Sell	Dispose S	No	No	61.96	432	26.77 k	6,719