Middlesex Water Company (MSEX)

In the past six months, Middlesex Water Co. announced a 5.88% increase in its quarterly cash dividend, marking its 53rd consecutive year of dividend growth. The company reported its second-quarter 2025 earnings, with revenue and EPS falling below estimates due to infrastructure investments and weather challenges. Middlesex Water presented at Janney's 5th Annual Virtual Water Utilities Conference on September 12, 2025, and filed a rate request on June 30, 2025. The Board of Directors named Nadine Leslie as Chair and Amy Mansue as Lead Director in May 2025. BofA Securities initiated coverage with a price target of $56, citing slower earnings and growth expectations, along with regulatory risks and valuation concerns. As of October 27, 2025, the stock price had surged nearly 13% over the past month and over 17% in the last quarter, though the one-year total shareholder return remained slightly negative.

Demand for water and wastewater services generally exhibits seasonality, with higher water demand during the summer months due to increased irrigation and outdoor water usage. Cooler temperatures and reduced irrigation can lead to eased demand. Water utilities often factor in seasonal variations, including potential drought conditions, when managing water resources and planning for demand.

Middlesex Water Company operates in the Utilities sector, providing regulated and non-regulated water and wastewater services. The Regulated segment focuses on water collection, treatment, and distribution to various customers, while the Non-Regulated segment offers contract services for water and wastewater systems. Middlesex Water has several subsidiaries, including Tidewater Utilities, Inc., and Pinelands Water Company.

Middlesex Water Co. primarily serves customers in parts of New Jersey, Delaware, and Pennsylvania and is headquartered in Iselin, New Jersey.

Middlesex Water Co.'s brand reputation appears stable, with news primarily focusing on financial performance and operational updates. The company's consistent record of increasing its dividend for 53 consecutive years contributes positively to its reputation, earning it the status of a "Dividend King."

Middlesex Water Co. is predominantly owned by institutional shareholders, who hold 75.66% of the company's stock. Individual investors account for 19.55% of ownership, while Middlesex Water Co. insiders own 4.79%. Jeffries Shein is the largest individual shareholder, holding 3.28% of the company.