Middlesex Water Company

Company Profile

Middlesex Water Company had its IPO on 1990-03-26 under the ticker symbol MSEX.

The company operates in the Utilities sector and Utilities-Regulated Water industry. Middlesex Water Company has a staff strength of 350 employees.

Stock update

Shares of Middlesex Water Company opened at $72.55 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $71.28 - $72.68, and closed at $71.89.

This is a -0.7% slip from the previous day's closing price.

A total volume of 74,017 shares were traded at the close of the day’s session.

In the last one week, shares of Middlesex Water Company have slipped by -2.6%.

Middlesex Water Company's Key Ratios

Middlesex Water Company has a market cap of $1.28 billion, indicating a price to book ratio of 4.0282 and a price to sales ratio of 9.8557.

In the last 12-months Middlesex Water Company’s revenue was $167.51 million with a gross profit of $83.34 million and an EBITDA of $75.08 million. The EBITDA ratio measures Middlesex Water Company's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Middlesex Water Company’s operating margin was 27.73% while its return on assets stood at 2.68% with a return of equity of 9.29%.

In Q2, Middlesex Water Company’s quarterly earnings growth was a positive 10.9% while revenue growth was a positive 7.9%.

Middlesex Water Company’s PE and PEG Ratio

Forward PE

38.1679

Trailing PE

34.6412

PEG

10.95

Its diluted EPS in the last 12-months stands at $2.09 per share while it has a forward price to earnings multiple of 38.1679 and a PEG multiple of 10.95. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Middlesex Water Company’s profitability.

Middlesex Water Company stock is trading at a EV to sales ratio of 12.4076 and a EV to EBITDA ratio of 23.7892. Its price to sales ratio in the trailing 12-months stood at 9.8557.

Middlesex Water Company stock pays annual dividends of $1.228 per share, indicating a yield of 1.73% and a payout ratio of 60.1%.

Balance sheet and cash flow metrics

Total Assets

$1.13 billion

Total Liabilities

$87.56 million

Operating Cash Flow

$-26120000.00

Capital Expenditure

$26.12 million

Dividend Payout Ratio

60.1%

Middlesex Water Company ended 2023 with $1.13 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $1.13 billion while shareholder equity stood at $413.56 million.

Middlesex Water Company ended 2023 with $0 in deferred long-term liabilities, $87.56 million in other current liabilities, 239545000.00 in common stock, $171.93 million in retained earnings and $0 in goodwill. Its cash balance stood at $4.38 million and cash and short-term investments were $4.38 million. The company’s total short-term debt was $40,960,000 while long-term debt stood at $350.45 million.

Middlesex Water Company’s total current assets stands at $40.57 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $26.30 million compared to accounts payable of $28.27 million and inventory worth $6.43 million.

In 2023, Middlesex Water Company's operating cash flow was $-26120000.00 while its capital expenditure stood at $26.12 million.

Comparatively, Middlesex Water Company paid $0.60 in dividends in 2023.

Other key metrics

Current Trading Price

$71.89

52-Week High

$94.6975

52-Week Low

$65.9735

Analyst Target Price

$89

Middlesex Water Company stock is currently trading at $71.89 per share. It touched a 52-week high of $94.6975 and a 52-week low of $94.6975. Analysts tracking the stock have a 12-month average target price of $89.

Its 50-day moving average was $78.76 and 200-day moving average was $80.01 The short ratio stood at 6.66 indicating a short percent outstanding of 0%.

Around 177.4% of the company’s stock are held by insiders while 6888.6% are held by institutions.