Middlesex Water (MSEX)

• Market cap: $1.11B
• 1 day: -1.12%
• 5 days: 0.68%
• 1 month: 2.46%
• 3 months: 27.32%
• 6 months: -2.30%
• Year to date: 20.63%
• 1 year: 26.28%
• 5 years: 4.87%
• 10 years: 166.93%
• Sector: Utilities
• Industry: Water Utilities

About: Middlesex Water Co owns and operates regulated water utility and wastewater systems in the U.S. The firm 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: 360

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

485% more call options, than puts

Call options by funds: $310K | Put options by funds: $53K

81% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 16

19% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 59

6% more funds holding

Funds holding: 197 [Q3] → 209 (+12) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]

1.61% less ownership

Funds ownership: 77.43% [Q3] → 75.81% (-1.61%) [Q4]

21% less capital invested

Capital invested by funds: $900M [Q3] → $713M (-$188M) [Q4]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $61 2% downside
• Avg. target: $61 2% downside
• High target: $61 2% downside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Baird Davis Sunderland 100% 1-year accuracy 1 / 1 met price target

2% downside $61

Outperform Upgraded

3 Mar 2025