Middlesex Water Company (MSEX)

Over the past six months, Middlesex Water Co. reported its second-quarter earnings in July 2025, with diluted EPS of $0.60, and announced a $51 million infrastructure investment. The Delaware Public Service Commission approved a rate increase for Tidewater Utilities, Inc. In June 2025, New Jersey regulated utilities filed a petition for a base rate increase. In October 2025, the company reported its third-quarter earnings, with diluted EPS of $0.77, missing analyst expectations, but increased its common dividend by 5.88%. The company also announced an asset purchase agreement for Pinewood Acres water utility assets in Delaware. In November 2025, Middlesex Water Co. presented at the Baird Global Industrial Conference, and analyst Robert W. Baird dropped their price target. In December 2025, New Street Research set a $52.00 target price, and the company announced the appointment of Robert Hoglund to its Board of Directors. As of January 13, 2026, Middlesex Water's stock passed above its 200-day moving average.

Demand for Middlesex Water Co.'s products and services exhibits seasonality, largely influenced by weather patterns. Operating revenues have been directly impacted by weather-driven consumption. Lower consumption due to unfavorable weather negatively affected operating revenues in the third quarter of 2025 and the second quarter of 2025. Increases in weather-driven customer demand contributed to higher revenues in the fourth quarter of 2024 and for the full year 2024.

Middlesex Water Co. is a utility company that provides regulated and non-regulated water, wastewater utility, and related services. It was incorporated in 1897 and operates in the Utilities sector, specifically the Regulated Water industry. The company collects, treats, distributes, and sells water for various purposes and offers contract services for the operation and maintenance of water and wastewater systems. Its subsidiaries include Tidewater Utilities, Inc., Pinelands Water Company, Pinelands Wastewater Company, and Utility Service Affiliates, Inc.

Middlesex Water Co. primarily operates in parts of New Jersey and Delaware. In New Jersey, it serves approximately 61,000 retail customers in eastern Middlesex County and provides water under wholesale contracts to municipalities. It also provides water service to about 300 customers in the Village of Fortescue in Downe Township, Cumberland County, NJ. In Delaware, through its Tidewater Utilities, Inc. subsidiary, Middlesex Water serves customers and operates water and wastewater systems. The company also has operations in Pennsylvania.

Middlesex Water Co. emphasizes its commitment to operational excellence, superior customer experience, and sustainable growth. The company highlights its long history and trusted service to over half a million residents in New Jersey and Delaware. A SWOT analysis identified the company's strengths as its robust regulatory framework, consistent revenue streams, strategic acquisitions, and infrastructure investments. The company has been proactive in addressing water quality concerns by investing in advanced treatment facilities and filing for rate increases to recover investments made to meet water quality and environmental regulations.

Middlesex Water Company has significant institutional ownership, with 459 institutional owners and shareholders holding 73% of the company's shares. Major institutional shareholders include BlackRock, Inc., T. Rowe Price Investment Management, Inc., and Vanguard Group Inc. BlackRock, Inc. is the largest shareholder, holding 18% of outstanding shares. Individual investors hold approximately 25% ownership, and insiders hold about 0.5% of the total shares outstanding.