Middlesex Water (MSEX)

• Market cap: $983M
• 1 day: -1.81%
• 5 days: -1.39%
• 1 month: -4.31%
• 3 months: -12.02%
• 6 months: 10.89%
• Year to date: 6.40%
• 1 year: -3.32%
• 5 years: -12.89%
• 10 years: 134.53%
• 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 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

838% more call options, than puts

Call options by funds: $788K | Put options by funds: $84K

36% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 25

24% more capital invested

Capital invested by funds: $712M [Q4 2024] → $885M (+$172M) [Q1 2025]

2% more funds holding

Funds holding: 209 [Q4 2024] → 214 (+5) [Q1 2025]

1.35% more ownership

Funds ownership: 75.82% [Q4 2024] → 77.17% (+1.35%) [Q1 2025]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2024] → 1 (+0) [Q1 2025]

26% less repeat investments, than reductions

Existing positions increased: 56 | Existing positions reduced: 76

Research analyst outlook

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

• Low target: $66 21% upside
• Avg. target: $66 21% upside
• High target: $66 21% upside

1 analyst rating

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

Janney Montgomery Scott Michael Gaugler

21% upside $66

Buy Upgraded

12 May 2025