Middlesex Water Company (MSEX) Stock Price & Analysis
Middlesex Water Company (MSEX) closed at USD 55.8 on Thursday, October 22, 2026, up 4.05% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 53.63; the Oct 22, 2026 session ranged USD 53.63–55.83 on volume of 145,199 shares. Market capitalization is $1.05B, with a 52-week range of USD 44.17–62.18 (NMS). Source: Nexqual, retrieved October 23, 2026 at 10:12 UTC.
Also available as compact Markdown for AI agents: nexqual.com/MSEX.md
Key facts (MSEX)
- Last four reported quarters (through Jun 30, 2026): revenue $206M, net income $47.9M (23.3% margin) (SEC filings).
- Valuation: P/E 21.9x (avg 26.6x at the last 3 fiscal year-ends), EV/EBITDA 16.0x, net debt $401M.
- Analysts: Hold (mean 2.50 on a 1–5 scale) (2 analysts), mean target USD 61 (range 56–66).
- Total return with dividends: 1Y -5.1% vs S&P 500 +14.9%; 5Y -42.8% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 0.86, revenue estimate $59.9M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (MSEX)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $143M | $162M | $166M | $192M | $195M | $206M |
| Operating income | $33.2M | $47.3M | $39.2M | $53.2M | $54.4M | $60.2M |
| Net income | $36.5M | $42.4M | $31.5M | $44.4M | $42.8M | $47.9M |
| EPS (diluted) | $2.07 | $2.39 | $1.76 | $2.47 | $2.36 | — |
| Free cash flow | -$46.4M | -$30.0M | -$37.4M | -$15.9M | — | — |
| Operating margin | 23.2% | 29.2% | 23.6% | 27.7% | 27.9% | 29.2% |
| Net margin | 25.6% | 26.1% | 19.0% | 23.1% | 22.0% | 23.3% |
| Revenue growth | +1.1% | +13.5% | +2.5% | +15.4% | +1.5% | — |
| Cash + short-term investments | $3.5M | $3.8M | $2.4M | $4.2M | $2.8M | — |
| Total debt | $313M | $308M | $723M | $361M | $387M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (MSEX)
P/E 21.9x · P/S 5.1x · EV/EBITDA 16.0x · EV/Sales 7.0x · P/B 2.0x · Earnings yield 4.56% · Dividend yield (paid, TTM) 2.48% · Net debt $401M · EV $1.45B
P/E at fiscal year-ends: Dec 2025 21.4x, Dec 2024 21.3x, Dec 2023 37.2x.
Analysts (MSEX)
Consensus Hold (mean 2.50 on a 1–5 scale), 2 analysts; mean target USD 61 (low 56, high 66).
Total return (dividends reinvested) (MSEX)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -5.1% | -42.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -5.1% | -10.6% |
| Volatility (annualized) | 29.7% | 30.5% |
| Max drawdown | -21.0% (Oct 2025→Nov 2025) | -59.5% (Dec 2021→Apr 2024) |
MSEX analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.86 | $0.81 | +6.8% | $59.9M | 1 |
| Next quarter (ends Dec 2026) | $0.49 | $0.47 | +3.2% | $51.9M | 1 |
| Current fiscal year (ends Dec 2026) | $2.66 | $2.58 | +3.1% | $216.9M | 1 |
| Next fiscal year (ends Dec 2027) | $2.96 | $2.99 | -1.0% | $236.2M | 1 |
Key Statistics (as of October 23, 2026 at 10:12 UTC)
| Price | USD 55.8 |
|---|---|
| Change | ▲ 4.05% (up) |
| Previous Close | USD 53.63 |
| Open | USD 53.97 |
| Day Range | USD 53.63 – 55.83 |
| 52-Week Range | USD 44.17 – 62.18 |
| Volume | 145,199 shares |
| Market Cap | $1.05B |
| Exchange | NMS |
Technical Analysis (MSEX)
Nexqual's technical model rates MSEX "NEUTRAL" based on 3 bullish and 4 bearish signals across 127 daily candles, as of October 23, 2026 at 10:12 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 56.47 (neutral) |
| vs SMA50 | Below (USD 55.82) |
| MACD | -0.27 (negative) |
Analyst Ratings (MSEX)
Wall Street analysts rate MSEX "Hold" based on 2 analysts, with a mean price target of USD 61 (range USD 56–66), per Nexqual as of October 23, 2026 at 10:12 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 2 |
| Mean Target | USD 61 |
| High Target | USD 66 |
| Low Target | USD 56 |
| Buy / Hold / Sell | 1 / 1 / 0 |
Earnings (MSEX)
| Next Earnings Date | 2026-10-29 |
|---|---|
| Revenue Estimate | $59.90M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.79 vs est 0.7 ▲ beat |
| 2026-03-31 | USD 0.57 vs est 0.59 ▼ miss |
| 2025-12-31 | USD 0.46 vs est 0.46 ▲ beat |
| 2025-09-30 | USD 0.77 vs est 0.85 ▼ miss |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Financials & Fundamentals (MSEX)
| Total Revenue | $206.14M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +14.30% |
| Gross Margin | +53.66% |
| Operating Margin | +34.40% |
| Profit Margin | +23.26% |
| ROE | +9.77% |
| Debt / Equity | 0.84 |
| Current Ratio | 0.5 |
| Total Cash | $1.80M |
| Total Debt | $438.74M |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Financial Health Score (MSEX)
Nexqual rates Middlesex Water Company's overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 10:12 UTC.
| Growth | Mixed — Revenue +1.5% YoY (annual), slow |
|---|---|
| Profitability | Strong — Gross margin 54%, operating 34% (last 12 months) |
| Balance Sheet | Weak — $2M cash and investments vs $403M debt (Jun 2026, SEC) |
| Cash Flow | Solid — Operating cash flow $63M (FY ended Dec 2025, 10-K) |
| Efficiency | Mixed — ROE 10%, ROA 3.0% |
Ownership (MSEX)
| Insider Ownership | +2.33% |
|---|---|
| Institutional Ownership | +88.72% |
| Shares Outstanding | 18.84M |
| Float | 18.34M |
| Short % of Float | +5.29% |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Leadership (MSEX)
Middlesex Water Company is led by Nadine M. Duchemin-Leslie, President, CEO & Chairman of the Board, per Nexqual as of October 23, 2026 at 10:12 UTC.
| President, CEO & Chairman of the Board | Nadine M. Duchemin-Leslie |
|---|---|
| CFO, Senior VP & Treasuer | Mohammed G. Zerhouni |
| VP & COO | Gregory Sorensen |
| VP of Information Technology & CTO | Georgia M. Simpson |
| Vice President of Human Resources | Lorrie Beth Ginegaw |
Major Backers & Investors (MSEX)
Notable institutional backers of Middlesex Water Company include T. Rowe Price, Neuberger Berman Group, LLC, Morgan Stanley, according to Nexqual as of October 23, 2026 at 10:12 UTC.
Active Investors
| Investor | Stake |
|---|---|
| T. Rowe Price | 9.27% |
| Neuberger Berman Group, LLC | 8.51% |
| Morgan Stanley | 5.85% |
| TR PRICE-Price (T.Rowe) U.S. Small-Cap Value Equity Trust | 1.78% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 16.63% |
| Vanguard Group | 6.99% |
| State Street | 4.24% |
| Geode Capital | 2.66% |
| Legal & General Group PLC | 2.32% |
| Dimensional Fund Advisors | 1.85% |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| YORW | The York Water Company | USD 31.69 | ▲ 3.7% |
| HTO | H2O America | USD 58.66 | ▲ 4.41% |
| CWCO | Consolidated Water Co. Ltd. | USD 28.05 | ▲ 3.31% |
| CWT | California Water Service Group | USD 47.54 | ▲ 3.55% |
| ARTNA | Artesian Resources Corporation | USD 34.01 | ▲ 3.19% |
| AWR | American States Water Company | USD 85.05 | ▲ 3.54% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:12 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt