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, MSEXP
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)
8-K
Entry into a Material Definitive Agreement
1 Sep 23
10-Q
2023 Q2
Quarterly report
28 Jul 23
8-K
Middlesex Water Announces Second Quarter 2023 Financial Results
28 Jul 23
424B5
Prospectus supplement for primary offering
25 Jul 23
8-K
Middlesex Water Company Declares
20 Jul 23
8-K
Submission of Matters to a Vote of Security Holders
24 May 23
8-K
Departure of Directors or Certain Officers
16 May 23
8-K
Other Events
15 May 23
10-Q
2023 Q1
Quarterly report
1 May 23
8-K
Middlesex Water Reports First Quarter 2023 Earnings
1 May 23
Financial summary
| Quarter (USD) | Jun 23 | Mar 23 | Dec 22 | Sep 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) | 4.38 mm | 4.38 mm | 4.38 mm | 4.38 mm | 4.38 mm | 4.38 mm |
| Cash burn (monthly) | 161.67 k | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 487.21 k | n/a | n/a | n/a | n/a | n/a |
| Cash remaining | 3.89 mm | n/a | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 24.1 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2023
70.5% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 180 |
| Opened positions | 22 |
| Closed positions | 36 |
| Increased positions | 56 |
| Reduced positions | 62 |
| 13F shares | Current |
|---|---|
| Total value | 985.21 bn |
| Total shares | 12.50 mm |
| Total puts | 2.20 k |
| Total calls | 24.90 k |
| Total put/call ratio | 0.1 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 3.17 mm | $256.03 bn |
| Vanguard | 1.40 mm | $113.21 bn |
| First Trust Advisors | 1.10 mm | $88.33 bn |
| Pictet Asset Management | 882.87 k | $71.21 bn |
| STT State Street | 664.44 k | $53.59 bn |
| Dimensional Fund Advisors | 467.48 k | $37.71 bn |
| MS Morgan Stanley | 374.81 k | $30.23 bn |
| IVZ Invesco | 374.17 k | $30.18 bn |
| Geode Capital Management | 355.86 k | $28.70 bn |
| T. Rowe Price Investment Management | 252.75 k | $20.41 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 13 Jun 23 | Robert John Capko | Common Stock (Book Entry) | Sell | Dispose S | No | No | 81.55 | 297 | 24.22 k | 0 |
| 1 Jun 23 | Reinhard Walter G | Common Stock (Book Entry) | Sell | Dispose S | No | No | 79.8 | 576 | 45.96 k | 0 |
| 31 Mar 23 | Noble Ann L. | Common Stock (Book) | Grant | Acquire A | No | No | 78.12 | 576 | 45.00 k | 576 |
| 31 Mar 23 | Vaughn L McKoy | Common Stock (Book Entry) | Grant | Acquire A | No | No | 78.12 | 576 | 45.00 k | 1,134 |
| 31 Mar 23 | Mansue Amy B. | Common Stock (Book) | Grant | Acquire A | No | No | 78.12 | 576 | 45.00 k | 576 |
News
Top 4 Utilities Stocks You'll Regret Missing This Quarter
28 Sep 23
Top 3 Utilities Stocks That May Explode This Quarter
13 Sep 23
UPDATE: Middlesex Water Q2 EPS $0.55 Misses $0.60 Estimate, Sales $42.80M Miss $45.00M Estimate
30 Jul 23
Middlesex Water Q2 EPS $0.55 Misses $0.60 Estimate, Sales $42.80M Miss $45.00M Estimate
28 Jul 23
Press releases
Middlesex Water CEO Dennis Doll Honored with NJBIZ Icon Award
8 Aug 23
Middlesex Water Announces Second Quarter 2023 Financial Results
28 Jul 23
Middlesex Water $52 Million Plant to Treat Ground Water for PFAS Compounds Now in Service
25 Jul 23
Middlesex Water Company Declares Quarterly Cash Dividend
20 Jul 23
Middlesex Water Company Announces New Customer Service Appointment and Department Promotions
11 Jul 23