MSEX stock icon

Middlesex Water
MSEX

$61.83
1.5%

Market Cap: 1.1B

 

About: Middlesex Water Co owns and operates regulated water utility and wastewater systems in the U.S. The firm primarily operates in the eastern states of New Jersey, Delaware, and Pennsylvania. The company has two operating segments, Regulated and Non-Regulated. The regulated business includes collecting and distributing water to residential, commercial, industrial, and fire protection consumers. The non-regulated business includes contract services for the operation of private water and wastewater systems. The majority of the company's revenue is derived from the Regulated segment and from residential customers.

Employees: 355

0
Funds holding %
of 6,702 funds
Analysts bullish %
News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

282% more call options, than puts

Call options by funds: $882K | Put options by funds: $231K

98% more repeat investments, than reductions

Existing positions increased: 83 | Existing positions reduced: 42

0% more funds holding

Funds holding: 186 [Q4 2023] → 186 (+0) [Q1 2024]

0% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 27

1.49% less ownership

Funds ownership: 71.74% [Q4 2023] → 70.25% (-1.49%) [Q1 2024]

22% less capital invested

Capital invested by funds: $838M [Q4 2023] → $657M (-$181M) [Q1 2024]

Research analyst outlook

2 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$58
6%
downside
Avg. target
$59
5%
downside
High target
$59
5%
downside

2 analyst ratings

positive
100%
neutral
0%
negative
0%
Baird
Ben Kallo
6%downside
$58
Outperform
Maintained
9 May 2024
Baird
Ben Kallo
5%downside
$59
Outperform
Maintained
1 Mar 2024

Financial journalist opinion