View Future GrowthMiddlesex Water 過去の業績過去 基準チェック /36Middlesex Waterは、平均年間2.6%の収益成長を遂げていますが、 Water Utilities業界の収益は、年間 成長しています。収益は、平均年間6.9% 7.5%収益成長率で 成長しています。 Middlesex Waterの自己資本利益率は8.7%であり、純利益率は22%です。主要情報2.59%収益成長率1.80%EPS成長率Water Utilities 業界の成長8.91%収益成長率7.53%株主資本利益率8.75%ネット・マージン22.04%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • May 01First quarter 2026 earnings: EPS in line with expectations, revenues disappointFirst quarter 2026 results: EPS: US$0.57 (up from US$0.53 in 1Q 2025). Revenue: US$48.7m (up 10.0% from 1Q 2025). Net income: US$10.6m (up 12% from 1Q 2025). Profit margin: 22% (in line with 1Q 2025). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.お知らせ • Apr 17Middlesex Water Company to Report Q1, 2026 Results on Apr 30, 2026Middlesex Water Company announced that they will report Q1, 2026 results After-Market on Apr 30, 2026Reported Earnings • Feb 22Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: US$2.36 (down from US$2.48 in FY 2024). Revenue: US$194.7m (up 1.5% from FY 2024). Net income: US$42.7m (down 3.4% from FY 2024). Profit margin: 22% (down from 23% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.0%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.お知らせ • Feb 14Middlesex Water Company to Report Q4, 2025 Results on Feb 19, 2026Middlesex Water Company announced that they will report Q4, 2025 results After-Market on Feb 19, 2026Reported Earnings • Nov 02Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: US$0.77 (down from US$0.80 in 3Q 2024). Revenue: US$54.1m (down 1.8% from 3Q 2024). Net income: US$13.9m (down 2.4% from 3Q 2024). Profit margin: 26% (in line with 3Q 2024). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.お知らせ • Oct 17Middlesex Water Company to Report Q3, 2025 Results on Oct 31, 2025Middlesex Water Company announced that they will report Q3, 2025 results After-Market on Oct 31, 2025すべての更新を表示Recent updatesSeeking Alpha • May 27Middlesex Water: Not My Favorite Utility, Though Valuation Has Improved (Rating Upgrade)Summary Middlesex Water has corrected sharply from a period of prior overvaluation. MSEX remains a slow-growing, defensive utility, though its operational results have improved a bit lately. Interest rate environment and rising bond yields continue to pressure Middlesex and peers, limiting upside despite improved fundamentals. I upgrade Middlesex Water to a hold, but I prefer larger water utilities or other defensive stocks at the present time. Read the full article on Seeking AlphaReported Earnings • May 01First quarter 2026 earnings: EPS in line with expectations, revenues disappointFirst quarter 2026 results: EPS: US$0.57 (up from US$0.53 in 1Q 2025). Revenue: US$48.7m (up 10.0% from 1Q 2025). Net income: US$10.6m (up 12% from 1Q 2025). Profit margin: 22% (in line with 1Q 2025). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Declared Dividend • Apr 29Fourth quarter dividend of US$0.36 announcedShareholders will receive a dividend of US$0.36. Ex-date: 15th May 2026 Payment date: 1st June 2026 Dividend yield will be 2.7%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (58% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Apr 25Middlesex Water Company Declares Quarterly Cash Dividend, Payable on June 1, 2026Middlesex Water Company announced that its Board of Directors has declared a quarterly cash dividend of $0.36 per share on its common stock, payable June 1, 2026 to shareholders of record as of May 15, 2026.Price Target Changed • Apr 19Price target increased by 7.1% to US$60.00Up from US$56.00, the current price target is an average from 2 analysts. New target price is 17% above last closing price of US$51.31. Stock is down 18% over the past year. The company is forecast to post earnings per share of US$2.56 for next year compared to US$2.36 last year.お知らせ • Apr 17Middlesex Water Company to Report Q1, 2026 Results on Apr 30, 2026Middlesex Water Company announced that they will report Q1, 2026 results After-Market on Apr 30, 2026お知らせ • Apr 07Middlesex Water Company, Annual General Meeting, May 19, 2026Middlesex Water Company, Annual General Meeting, May 19, 2026.お知らせ • Mar 27Middlesex Water Company Announces Executive ChangesMiddlesex Water Company announced that Mrs. Tatyana Kaplan joined the company as Chief Accounting Officer, effective March 26, 2026. Mrs. Kaplan was most recently the Director of Accounting for Veolia North America regulated utility business where she led the regulatory accounting and reporting across six different jurisdictions. In addition, she played a critical role in the development and execution of the accounting and finance transformation roadmap. Prior to joining Veolia, she was the Associate Manager at Prudential Financial Inc. responsible for external financial reporting. Prior to joining Prudential Financial Inc., she was a Senior Associate at PricewaterhouseCoopers LLP in the power and utilities sector. Mrs. Kaplan is a Certified Public Accountant. She attended Leonard N. Stern School of Business at New York University, where she received a Bachelor of Science in Finance and a Master of Science in Accounting. In addition, Middlesex Water Company announced the departure of Mr. Robert J. Capko from the Principal Accounting Officer position. Mr. Capko will remain an employee of the Company as the Corporate Controller.Reported Earnings • Feb 22Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: US$2.36 (down from US$2.48 in FY 2024). Revenue: US$194.7m (up 1.5% from FY 2024). Net income: US$42.7m (down 3.4% from FY 2024). Profit margin: 22% (down from 23% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.0%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.お知らせ • Feb 14Middlesex Water Company to Report Q4, 2025 Results on Feb 19, 2026Middlesex Water Company announced that they will report Q4, 2025 results After-Market on Feb 19, 2026Upcoming Dividend • Feb 13Upcoming dividend of US$0.36 per shareEligible shareholders must have bought the stock before 17 February 2026. Payment date: 02 March 2026. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (2.9%).Declared Dividend • Jan 30Third quarter dividend of US$0.36 announcedShareholders will receive a dividend of US$0.36. Ex-date: 17th February 2026 Payment date: 2nd March 2026 Dividend yield will be 2.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (57% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jan 28Middlesex Water Company Declares Quarterly Cash Dividend, Payable on March 2, 2026Middlesex Water Company announced that its Board of Directors declared a quarterly cash dividend of $0.36 per share on its common stock, payable March 2, 2026 to shareholders of record as of February 17, 2026.分析記事 • Jan 15These 4 Measures Indicate That Middlesex Water (NASDAQ:MSEX) Is Using Debt ExtensivelyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...お知らせ • Dec 24Middlesex Water Company Announces the Appointment of Robert Hoglund to Its Board of Directors, Effective January 1, 2026Middlesex Water Company announced the appointment of Robert Hoglund to its Board of Directors, effective January 1, 2026. Over his career, Mr. Hoglund has held several senior financial leadership roles, including more than 18 years as Chief Financial Officer of Consolidated Edison Inc. He previously served as a Managing Director in Citigroup's Mergers & Acquisitions Group, advising Fortune 500 utilities and energy companies on mergers, acquisitions, divestitures, restructurings, and multi-billion-dollar equity and debt financings. Mr. Hoglund remains actively engaged in corporate governance, serving on boards and advising on finance modernization, enterprise risk management, and investor engagement. His current work reflects a continued commitment to strengthening financial resilience and guiding organizations through complex utility, energy transition, and capital markets challenges. His professional background is complemented by service in the nonprofit sector, long-standing involvement in executive development programs, and a personal commitment to supporting the next generation of leaders in the utility and financial industries.分析記事 • Nov 20Slowing Rates Of Return At Middlesex Water (NASDAQ:MSEX) Leave Little Room For ExcitementWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...Upcoming Dividend • Nov 12Upcoming dividend of US$0.36 per shareEligible shareholders must have bought the stock before 17 November 2025. Payment date: 01 December 2025. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of American dividend payers (4.5%). In line with average of industry peers (2.8%).分析記事 • Nov 03Middlesex Water's (NASDAQ:MSEX) Upcoming Dividend Will Be Larger Than Last Year'sMiddlesex Water Company ( NASDAQ:MSEX ) will increase its dividend on the 1st of December to $0.36, which is 5.9...Reported Earnings • Nov 02Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: US$0.77 (down from US$0.80 in 3Q 2024). Revenue: US$54.1m (down 1.8% from 3Q 2024). Net income: US$13.9m (down 2.4% from 3Q 2024). Profit margin: 26% (in line with 3Q 2024). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.Declared Dividend • Oct 29Second quarter dividend increased to US$0.36Dividend of US$0.36 is 5.9% higher than last year. Ex-date: 17th November 2025 Payment date: 1st December 2025 Dividend yield will be 2.4%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (56% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 9.3% over the next year, which should provide support to the dividend and adequate earnings cover.お知らせ • Oct 25Middlesex Water Company Increases Common Dividend, Payable on December 1, 2025Middlesex Water Company announced that its Board of Directors has declared a quarterly cash dividend of $0.36 per share on its common stock, a 5.88% increase from the $0.34 per share dividend last declared in July 2025. This increase raises the annual dividend rate to $1.44 from $1.36 per share of common stock and marks Middlesex Water Company’s (“Middlesex”) 53rd consecutive year of dividend increases. The dividend at the new rate is payable December 1, 2025 to shareholders of record as of November 17, 2025.お知らせ • Oct 17Middlesex Water Company to Report Q3, 2025 Results on Oct 31, 2025Middlesex Water Company announced that they will report Q3, 2025 results After-Market on Oct 31, 2025分析記事 • Oct 10Middlesex Water Company's (NASDAQ:MSEX) Popularity With Investors Is Under Threat From OverpricingWith a price-to-earnings (or "P/E") ratio of 23.5x Middlesex Water Company ( NASDAQ:MSEX ) may be sending bearish...Upcoming Dividend • Aug 10Upcoming dividend of US$0.34 per shareEligible shareholders must have bought the stock before 15 August 2025. Payment date: 02 September 2025. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of American dividend payers (4.6%). In line with average of industry peers (2.6%).Reported Earnings • Aug 01Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: US$0.60 (up from US$0.59 in 2Q 2024). Revenue: US$49.3m (flat on 2Q 2024). Net income: US$10.8m (up 2.3% from 2Q 2024). Profit margin: 22% (in line with 2Q 2024). Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) also missed analyst estimates by 8.4%. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.Declared Dividend • Jul 27First quarter dividend of US$0.34 announcedShareholders will receive a dividend of US$0.34. Ex-date: 15th August 2025 Payment date: 2nd September 2025 Dividend yield will be 2.6%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (55% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 7.8% over the next year, which should provide support to the dividend and adequate earnings cover.お知らせ • Jul 24Middlesex Water Company Declares Quarterly Cash Dividend on Common Stock, Payable September 2, 2025Middlesex Water Company announced that its Board of Directors has declared a quarterly cash dividend of $0.34 per share on its common stock, payable September 2, 2025 to shareholders of record as of August 15, 2025.お知らせ • Jul 18Middlesex Water Company to Report Q2, 2025 Results on Jul 31, 2025Middlesex Water Company announced that they will report Q2, 2025 results After-Market on Jul 31, 2025分析記事 • May 14At US$56.25, Is Middlesex Water Company (NASDAQ:MSEX) Worth Looking At Closely?Middlesex Water Company ( NASDAQ:MSEX ), is not the largest company out there, but it saw a decent share price growth...お知らせ • May 13Middlesex Water Company has filed a Follow-on Equity Offering in the amount of $110 million.Middlesex Water Company has filed a Follow-on Equity Offering in the amount of $110 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market OfferingReported Earnings • May 02First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: EPS: US$0.53 (down from US$0.60 in 1Q 2024). Revenue: US$44.3m (up 9.3% from 1Q 2024). Net income: US$9.46m (down 11% from 1Q 2024). Profit margin: 21% (down from 26% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Declared Dividend • Apr 30Fourth quarter dividend of US$0.34 announcedShareholders will receive a dividend of US$0.34. Ex-date: 15th May 2025 Payment date: 2nd June 2025 Dividend yield will be 2.1%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 11% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Apr 26Middlesex Water Company Declares Quarterly Cash Dividend, Payable June 2, 2025Middlesex Water Company announced that its Board of Directors has declared a quarterly cash dividend of $0.34 per share on its common stock, payable June 2, 2025 to shareholders of record as of May 15, 2025.お知らせ • Apr 22Middlesex Water Company to Report Q1, 2025 Results on May 01, 2025Middlesex Water Company announced that they will report Q1, 2025 results After-Market on May 01, 2025Price Target Changed • Apr 11Price target increased by 8.7% to US$66.33Up from US$61.00, the current price target is an average from 3 analysts. New target price is 6.7% above last closing price of US$62.14. Stock is up 32% over the past year. The company is forecast to post earnings per share of US$2.53 for next year compared to US$2.48 last year.Seeking Alpha • Apr 01Middlesex Water: Overvalued Amid High Interest RatesSummary Middlesex Water faces significant headwinds due to high interest rates, which increase borrowing costs for necessary capital expenditures and infrastructure upgrades. MSEX's high P/E ratio of 25x, despite modest growth, suggests overvaluation and potential for further stock price decline. The company's low dividend yield of 2.1% makes it less attractive compared to peers in the water utility sector. Ongoing risks from PFAS regulations could lead to substantial costs, adding financial strain on MSEX. Read the full article on Seeking Alpha分析記事 • Mar 30What Middlesex Water Company's (NASDAQ:MSEX) 27% Share Price Gain Is Not Telling YouMiddlesex Water Company ( NASDAQ:MSEX ) shareholders would be excited to see that the share price has had a great...Recent Insider Transactions • Mar 26Chairman recently sold US$244k worth of stockOn the 21st of March, Dennis Doll sold around 4k shares on-market at roughly US$60.05 per share. This transaction amounted to 5.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Dennis' only on-market trade for the last 12 months.Recent Insider Transactions Derivative • Mar 18Chairman notifies of intention to sell stockDennis Doll intends to sell 4k shares in the next 90 days after lodging an Intent To Sell Form on the 17th of March. If the sale is conducted around the recent share price of US$62.27, it would amount to US$253k. Since March 2024, Dennis' direct individual holding has increased from 75.14k shares to 75.85k. Company insiders have collectively bought US$117k more than they sold, via options and on-market transactions, in the last 12 months.Valuation Update With 7 Day Price Move • Mar 07Investor sentiment improves as stock rises 20%After last week's 20% share price gain to US$61.09, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 21x in the Water Utilities industry in the US. Total loss to shareholders of 36% over the past three years.お知らせ • Mar 03Middlesex Water Company, Annual General Meeting, May 20, 2025Middlesex Water Company, Annual General Meeting, May 20, 2025.Reported Earnings • Mar 02Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: US$2.48 (up from US$1.77 in FY 2023). Revenue: US$191.9m (up 15% from FY 2023). Net income: US$44.2m (up 41% from FY 2023). Profit margin: 23% (up from 19% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 5.6%. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.Buy Or Sell Opportunity • Feb 11Now 21% overvaluedOver the last 90 days, the stock has fallen 24% to US$50.57. The fair value is estimated to be US$41.76, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has declined by 3.4%. Revenue is forecast to grow by 7.3% in a year. Earnings are forecast to grow by 6.6% in the next year.お知らせ • Feb 04Middlesex Water Company to Report Q4, 2024 Results on Feb 28, 2025Middlesex Water Company announced that they will report Q4, 2024 results After-Market on Feb 28, 2025分析記事 • Feb 04Middlesex Water (NASDAQ:MSEX) Has Announced A Dividend Of $0.34Middlesex Water Company ( NASDAQ:MSEX ) will pay a dividend of $0.34 on the 3rd of March. This takes the annual payment...Declared Dividend • Jan 31Third quarter dividend of US$0.34 announcedShareholders will receive a dividend of US$0.34. Ex-date: 18th February 2025 Payment date: 3rd March 2025 Dividend yield will be 2.6%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (56% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 4.7% over the next year, which should provide support to the dividend and adequate earnings cover.Buy Or Sell Opportunity • Jan 16Now 23% overvaluedOver the last 90 days, the stock has fallen 21% to US$51.53. The fair value is estimated to be US$41.76, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has declined by 3.4%. Revenue is forecast to grow by 7.3% in a year. Earnings are forecast to grow by 6.6% in the next year.Seeking Alpha • Dec 19Middlesex Water: This Dividend King Is Not Worth Your TimeSummary Middlesex Water's stock has declined sharply, but despite its 50+ year dividend streak, I rate it a hold due to bearish technical indicators and weak fundamentals. The stock's long-term downtrend and poor seasonality in January and February suggest further declines, making it unattractive for investment right now. Middlesex's revenue growth is limited to rate cases, which may face challenges, and its EPS growth is insufficient to justify the current valuation. At 22X forward earnings and a 2.4% yield, Middlesex remains overvalued relative to peers, with no strong fundamental or technical support for a higher price. Read the full article on Seeking Alpha分析記事 • Dec 04At US$62.61, Is Middlesex Water Company (NASDAQ:MSEX) Worth Looking At Closely?Middlesex Water Company ( NASDAQ:MSEX ), might not be a large cap stock, but it received a lot of attention from a...お知らせ • Nov 27Middlesex Water Company Appoints Gregory Sorensen as Vice President and Chief Operating Officer, Effective December 16, 2024Middlesex Water Company announced that Gregory Sorensen has been named as its Vice President and Chief Operating Officer, effective December 16, 2024, as part of ongoing strategic succession planning and organizational realignment efforts. Sorensen was most recently President, West Region, Liberty Utilities where he oversaw operations across the U.S. and Chile and led a team of 800 professionals in delivering water, sewer, and electric service to approximately 200,000 customers in AZ, CA, and TX, and 240,000 customers in Chile. Sorensen had direct oversight for operations, engineering and finance and regulated utility revenue of over $400 million. Reporting directly to the President and Chief Executive Officer, Sorensen will be responsible for the operational performance of the company and oversee multiple divisions with responsibility for Engineering and Operations functions including capital program planning and delivery, water and waste water operations, managing safety and security, environmental compliance, sustainability and growth initiatives.Upcoming Dividend • Nov 11Upcoming dividend of US$0.34 per shareEligible shareholders must have bought the stock before 15 November 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (2.5%).Reported Earnings • Nov 01Third quarter 2024 earnings released: EPS: US$0.80 (vs US$0.56 in 3Q 2023)Third quarter 2024 results: EPS: US$0.80 (up from US$0.56 in 3Q 2023). Revenue: US$55.1m (up 18% from 3Q 2023). Net income: US$14.3m (up 44% from 3Q 2023). Profit margin: 26% (up from 21% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings.分析記事 • Oct 29Middlesex Water (NASDAQ:MSEX) Is Increasing Its Dividend To $0.34The board of Middlesex Water Company ( NASDAQ:MSEX ) has announced that the dividend on 2nd of December will be...Declared Dividend • Oct 28Second quarter dividend increased to US$0.34Dividend of US$0.34 is 4.6% higher than last year. Ex-date: 15th November 2024 Payment date: 2nd December 2024 Dividend yield will be 2.0%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (62% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend.お知らせ • Oct 25Middlesex Water Company Declares Quarterly Cash Dividend, Payable on December 2, 2024Middlesex Water Company announced that its Board of Directors has declared a quarterly cash dividend of $0.34 per share on its common stock, a 4.62% increase from the $0.325 per share dividend last declared in July 2024. The dividend at the new rate is payable December 2, 2024 to shareholders of record as of November 15, 2024.お知らせ • Oct 22Middlesex Water Company to Report Q3, 2024 Results on Oct 31, 2024Middlesex Water Company announced that they will report Q3, 2024 results After-Market on Oct 31, 2024分析記事 • Oct 08Here's Why Middlesex Water (NASDAQ:MSEX) Has A Meaningful Debt BurdenDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Upcoming Dividend • Aug 11Upcoming dividend of US$0.33 per shareEligible shareholders must have bought the stock before 15 August 2024. Payment date: 03 September 2024. Payout ratio is a comfortable 62% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of American dividend payers (4.5%). Lower than average of industry peers (2.4%).分析記事 • Aug 03Middlesex Water Company (NASDAQ:MSEX) Stock Rockets 27% As Investors Are Less Pessimistic Than ExpectedMiddlesex Water Company ( NASDAQ:MSEX ) shareholders have had their patience rewarded with a 27% share price jump in...Reported Earnings • Aug 01Second quarter 2024 earnings released: EPS: US$0.59 (vs US$0.56 in 2Q 2023)Second quarter 2024 results: EPS: US$0.59 (up from US$0.56 in 2Q 2023). Revenue: US$49.1m (up 15% from 2Q 2023). Net income: US$10.5m (up 6.5% from 2Q 2023). Profit margin: 21% (down from 23% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings.Board Change • Aug 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. President, CEO & Director Nadine Duchemin-Leslie was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.分析記事 • Jul 29There Are Reasons To Feel Uneasy About Middlesex Water's (NASDAQ:MSEX) Returns On CapitalWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? One...Declared Dividend • Jul 28First quarter dividend of US$0.33 announcedShareholders will receive a dividend of US$0.33. Ex-date: 15th August 2024 Payment date: 3rd September 2024 Dividend yield will be 2.0%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend.お知らせ • Jul 25Middlesex Water Company Declares Quarterly Cash Dividend, Payable on September 3, 2024Middlesex Water Company announced that its Board of Directors has declared a cash dividend of $0.325 per share on its common stock, payable September 3, 2024 to shareholders of record as of August 15, 2024. Middlesex Water Company has paid cash dividends in varying amounts continually since 1912.Recent Insider Transactions • Jun 23Senior VP recently bought US$226k worth of stockOn the 20th of June, A. O'Connor bought around 4k shares on-market at roughly US$51.64 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was A.'s only on-market trade for the last 12 months.お知らせ • Jun 13+ 1 more updateMiddlesex Water Company Announces CFO ChangesMiddlesex Water Company announced retirement of A. Bruce O’Connor as Chief Financial Officer, effective June 21, 2024 after 34 years of service and the appointment of Mohammed G. (Rally) Zerhouni as Chief Financial Officer, effective June 24, 2024. Zerhouni is an accomplished finance leader with over 20 years of experience in finance primarily in the regulated utility sector. Zerhouni was most recently the Senior Vice President of Finance and Principal Accounting Officer of SJW Group, where he led a team of more than 55 professionals in key accounting and finance areas. Prior to joining SJW Group, he was the Chief Financial Officer for Veolia North America regulated utility business where he led the development and execution of the finance transformation roadmap. Prior to joining Veolia, he led audit engagement teams at PwC, which included engagements with large investor-owned utilities. Zerhouni was also an adjunct faculty at Franklin University teaching accounting courses.Price Target Changed • Jun 02Price target decreased by 19% to US$62.50Down from US$77.00, the current price target is an average from 2 analysts. New target price is 16% above last closing price of US$53.88. Stock is down 35% over the past year. The company posted earnings per share of US$1.77 last year.お知らせ • Apr 27Middlesex Water Company Declares Quarterly Cash Dividend, Payable June 3, 2024Middlesex Water Company has announced that its Board of Directors has declared a cash dividend of $0.325 per share on its common stock, payable June 3, 2024 to shareholders of record as of May 15, 2024.お知らせ • Apr 12Middlesex Water Company, Annual General Meeting, May 21, 2024Middlesex Water Company, Annual General Meeting, May 21, 2024, at 11:00 Eastern Daylight. Agenda: To consider and elect three Class I directors to serve for a period of three years and one Class II director to our Board of Directors (the “Board”) to serve for the ensuing one year and until their successors are elected and qualified; to consider and approve, by non-binding advisory vote, named executive officer compensation, as described in the accompanying Proxy Statement under Executive Compensation; to consider and ratify the appointment of Baker Tilly US, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024; and to transact such other business matters.お知らせ • Mar 03Middlesex Water Company announced delayed annual 10-K filingOn 03/01/2024, Middlesex Water Company announced that they will be unable to file their next 10-K by the deadline required by the SEC.Price Target Changed • Mar 01Price target decreased by 7.7% to US$72.00Down from US$78.00, the current price target is an average from 2 analysts. New target price is 40% above last closing price of US$51.30. Stock is down 32% over the past year. The company posted earnings per share of US$1.77 last year.New Risk • Feb 27New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$112k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Significant insider selling over the past 3 months (US$112k sold).Upcoming Dividend • Feb 07Upcoming dividend of US$0.33 per share at 2.3% yieldEligible shareholders must have bought the stock before 14 February 2024. Payment date: 01 March 2024. Payout ratio is a comfortable 67% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (2.6%).Declared Dividend • Feb 01Third quarter dividend of US$0.33 announcedShareholders will receive a dividend of US$0.33. Ex-date: 14th February 2024 Payment date: 1st March 2024 Dividend yield will be 2.2%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (67% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend.お知らせ • Jan 30Middlesex Water Company Declares Quarterly Cash Dividend, Payable on March 1, 2024Middlesex Water Company announced that its Board of Directors has declared a cash dividend of $0.325 per share on its common stock, payable March 1, 2024 to shareholders of record as of February 15, 2024.お知らせ • Jan 24+ 1 more updateMiddlesex Water Company Announces CEO ChangesMiddlesex Water Company has named Nadine Leslie as its new CEO effective March 1, 2024. Ms. Leslie joins Middlesex following a comprehensive search for a successor to outgoing President & CEO Dennis W. Doll, who will retire from the Company February 29, 2024. Ms. Leslie is an accomplished leader with domestic and international experience in the Water Industry. She previously served as Chief Executive Officer of SUEZ North America from 2019 to 2022. In this capacity, she was responsible for overseeing one of North America’s leading environmental companies, with revenues over $1.1 billion, providing water and recycling and recovery services to 6.6 million people in the United States and Canada. The scope of her responsibilities included 15 regulated water utilities, 65 municipal contracts through innovative public-private partnerships and the long-term asset management contracts for water storage facilities, serving more than 4,000 municipal and industrial clients. Prior to her appointment as CEO of SUEZ North America, Ms. Leslie served as Executive Vice President - Health & Safety for the Paris-based SUEZ Group. In this capacity, she was responsible for directing and providing Health & Safety oversight to all business units of the Group. She also led the development and implementation of behavior-based safety practices, audited Health and Safety procedure implementation and compliance consistent with corporate and regulatory requirements and monitored the effectiveness of safety control measures used throughout SUEZ business units around the world. Ms. Leslie has more than 25 years of industry experience in operations, management, compliance, client relations and due diligence. Since joining the SUEZ North America team in 2000, she has held leadership positions of increasing responsibility within the company’s regulated, contract and corporate segments. She served as part of the management team at projects located in Georgia and New Jersey in 2003 before being appointed Vice President and General Manager for the regulated utility business in the Toms River, NJ division in 2006. Ms. Leslie also headed the SUEZ corporate internal audit department from 2009 until 2011 and then served as President of SUEZ North America’s Environmental Services from 2011 until 2016. In this capacity, she was responsible for overseeing the operations and management of contract operations throughout the United States and Canada. This included more than 80 projects affiliated with municipal and industrial water and wastewater systems as well as two solid waste treatment facilities. Mr. Doll will remain Chairman of the Middlesex Board of Directors through the expiration of his current term at the Annual Meeting of Shareholders on May 21, 2024. Mr. Doll has also entered into a consulting agreement with the Company to aid in a seamless transfer of leadership. The consulting agreement is effective commensurate with Mr. Doll’s retirement and expires May 21, 2024.Board Change • Jan 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. Independent Director Vaughn McKoy was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.分析記事 • Dec 26Subdued Growth No Barrier To Middlesex Water Company's (NASDAQ:MSEX) PriceWith a price-to-earnings (or "P/E") ratio of 36.7x Middlesex Water Company ( NASDAQ:MSEX ) may be sending very bearish...分析記事 • Dec 05Be Wary Of Middlesex Water (NASDAQ:MSEX) And Its Returns On CapitalTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...Reported Earnings • Nov 10Third quarter 2023 earnings released: EPS: US$0.56 (vs US$0.81 in 3Q 2022)Third quarter 2023 results: EPS: US$0.56 (down from US$0.81 in 3Q 2022). Revenue: US$46.7m (down 2.1% from 3Q 2022). Net income: US$9.96m (down 30% from 3Q 2022). Profit margin: 21% (down from 30% in 3Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 5% per year.Upcoming Dividend • Nov 08Upcoming dividend of US$0.33 per share at 1.9% yieldEligible shareholders must have bought the stock before 15 November 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 58% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of American dividend payers (5.1%). Lower than average of industry peers (2.4%).分析記事 • Oct 26Middlesex Water (NASDAQ:MSEX) Has Announced That It Will Be Increasing Its Dividend To $0.325The board of Middlesex Water Company ( NASDAQ:MSEX ) has announced that the dividend on 1st of December will be...お知らせ • Oct 21Middlesex Water Company Declares Cash Dividend on Its Common Stock, Payable on December 1, 2023Middlesex Water Company declared a cash dividend of $0.325 per share on its common stock, an increase of 4.0% from the $0.3125 per share dividend last declared in July 2023. This increase raises the annual dividend rate to $1.30 from $1.25 per share of common stock and marks Middlesex’s 51st consecutive year of dividend increases. The dividend at the new rate is payable December 1, 2023 to shareholders of record as of November 16, 2023. Middlesex Water Company has paid cash dividends in varying amounts continually since 1912.Price Target Changed • Oct 16Price target decreased by 9.6% to US$80.50Down from US$89.00, the current price target is an average from 2 analysts. New target price is 22% above last closing price of US$65.72. Stock is down 21% over the past year. The company posted earnings per share of US$2.40 last year.分析記事 • Oct 10Middlesex Water (NASDAQ:MSEX) Takes On Some Risk With Its Use Of DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...分析記事 • Aug 22Some Investors May Be Worried About Middlesex Water's (NASDAQ:MSEX) Returns On CapitalIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a...Upcoming Dividend • Aug 03Upcoming dividend of US$0.31 per share at 1.6% yieldEligible shareholders must have bought the stock before 10 August 2023. Payment date: 01 September 2023. Payout ratio is a comfortable 58% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (2.1%).Reported Earnings • Jul 30Second quarter 2023 earnings released: EPS: US$0.56 (vs US$0.50 in 2Q 2022)Second quarter 2023 results: EPS: US$0.56 (up from US$0.50 in 2Q 2022). Revenue: US$42.8m (up 7.9% from 2Q 2022). Net income: US$9.87m (up 12% from 2Q 2022). Profit margin: 23% (in line with 2Q 2022). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jul 23Middlesex Water Company Declares Quarterly Cash Dividend, Payable on September 1, 2023Middlesex Water Company announced that on July 20, 2023, the Board of Directors of the company declared a quarterly cash dividend of $0.3125 per share on its common stock, payable on September 1, 2023 to shareholders of record as of August 11, 2023.分析記事 • May 27These 4 Measures Indicate That Middlesex Water (NASDAQ:MSEX) Is Using Debt ExtensivelyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...お知らせ • May 17+ 1 more updateDennis W. Doll Plans to Retire as President of Middlesex Water CompanyMiddlesex Water Company's President and Chief Executive Officer, Dennis W. Doll has announced a plan to retire upon turning age 65. Mr. Doll’s retirement is planned for the later of December 31, 2023 or, the date when a successor is duly named and on board. He will remain a member of the Board through the expiration of his current term in May 2024. A search for Mr. Doll’s successor is being led by the Compensation Committee of the Board of Directors in collaboration with Russell Reynolds Associates, a nationally-recognized executive search firm. Mr. Doll joined Middlesex Water Company as Executive Vice President in 2004 and was named President and Chief Executive Officer, and a Director of Middlesex, effective January 1, 2006. In May 2010, he was elected Chairman of the Board. Under his tenure, the Company has made several acquisitions, experienced significant organic customer growth, entered into numerous contract operations and completed hundreds of significant construction projects. Mr. Doll’s background includes nearly 40 years of experience in investor-owned water and wastewater utility management and a record of industry and other service as President of the National Association of Water Companies, Chairman of the Board of The Water Research Foundation, member of the Board and Executive Committee of the American Water Works Association, Chairman of the Board of the New Jersey Utilities Association, Board member and Treasurer of Raritan Bay Medical Center and Board member and Treasurer of Court Appointed Special Advocates of Middlesex County, New Jersey.分析記事 • May 10Returns On Capital At Middlesex Water (NASDAQ:MSEX) Have Hit The BrakesIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...Upcoming Dividend • May 04Upcoming dividend of US$0.31 per share at 1.7% yieldEligible shareholders must have bought the stock before 11 May 2023. Payment date: 01 June 2023. Payout ratio is a comfortable 59% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of American dividend payers (5.1%). Lower than average of industry peers (2.1%).Price Target Changed • May 03Price target decreased by 8.2% to US$89.00Down from US$97.00, the current price target is an average from 2 analysts. New target price is 28% above last closing price of US$69.37. Stock is down 20% over the past year. The company posted earnings per share of US$2.40 last year.Reported Earnings • May 03First quarter 2023 earnings released: EPS: US$0.33 (vs US$0.69 in 1Q 2022)First quarter 2023 results: EPS: US$0.33 (down from US$0.69 in 1Q 2022). Revenue: US$38.2m (up 5.4% from 1Q 2022). Net income: US$5.84m (down 52% from 1Q 2022). Profit margin: 15% (down from 33% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 4% per year.収支内訳Middlesex Water の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史NasdaqGS:MSEX 収益、費用、利益 ( )USD Millions日付収益収益G+A経費研究開発費31 Mar 2619944-5031 Dec 2519543-5030 Sep 2519543-5030 Jun 2519643-5031 Mar 2519643-5031 Dec 2419244-5030 Sep 2418341-4030 Jun 2417537-4031 Mar 2416936-3031 Dec 2316631-3030 Sep 2316633-3030 Jun 2316837-4031 Mar 2316436-4031 Dec 2216242-5030 Sep 2215842-4030 Jun 2215040-3031 Mar 2214742-3031 Dec 2114336-2030 Sep 2114437-2030 Jun 2114439-1031 Mar 2114238-1031 Dec 20142380030 Sep 20140380030 Jun 20138360031 Mar 20136351031 Dec 19135341030 Sep 19135330030 Jun 19136340031 Mar 19138340031 Dec 1813832-1030 Sep 18136310030 Jun 18134260031 Mar 18132230031 Dec 17131230030 Sep 17131210030 Jun 17133220031 Mar 17132220031 Dec 16133230030 Sep 16132240030 Jun 16129220031 Mar 16128210031 Dec 15126200030 Sep 15123190030 Jun 151211900質の高い収益: MSEXは 高品質の収益 を持っています。利益率の向上: MSEXの現在の純利益率 (22%)は、昨年(22%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: MSEXの収益は過去 5 年間で年間2.6%増加しました。成長の加速: MSEXの過去 1 年間の収益成長率 ( 1.9% ) は、5 年間の平均 ( 年間2.6%を下回っています。収益対業界: MSEXの過去 1 年間の収益成長率 ( 1.9% ) Water Utilities業界2.9%を上回りませんでした。株主資本利益率高いROE: MSEXの 自己資本利益率 ( 8.7% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YUtilities 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/08 23:08終値2026/06/08 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Middlesex Water Company 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。5 アナリスト機関Davis SunderlandBairdRoss FowlerBofA Global ResearchMichael GauglerBrean Capital Historical (Janney Montgomery)2 その他のアナリストを表示
Reported Earnings • May 01First quarter 2026 earnings: EPS in line with expectations, revenues disappointFirst quarter 2026 results: EPS: US$0.57 (up from US$0.53 in 1Q 2025). Revenue: US$48.7m (up 10.0% from 1Q 2025). Net income: US$10.6m (up 12% from 1Q 2025). Profit margin: 22% (in line with 1Q 2025). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
お知らせ • Apr 17Middlesex Water Company to Report Q1, 2026 Results on Apr 30, 2026Middlesex Water Company announced that they will report Q1, 2026 results After-Market on Apr 30, 2026
Reported Earnings • Feb 22Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: US$2.36 (down from US$2.48 in FY 2024). Revenue: US$194.7m (up 1.5% from FY 2024). Net income: US$42.7m (down 3.4% from FY 2024). Profit margin: 22% (down from 23% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.0%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
お知らせ • Feb 14Middlesex Water Company to Report Q4, 2025 Results on Feb 19, 2026Middlesex Water Company announced that they will report Q4, 2025 results After-Market on Feb 19, 2026
Reported Earnings • Nov 02Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: US$0.77 (down from US$0.80 in 3Q 2024). Revenue: US$54.1m (down 1.8% from 3Q 2024). Net income: US$13.9m (down 2.4% from 3Q 2024). Profit margin: 26% (in line with 3Q 2024). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
お知らせ • Oct 17Middlesex Water Company to Report Q3, 2025 Results on Oct 31, 2025Middlesex Water Company announced that they will report Q3, 2025 results After-Market on Oct 31, 2025
Seeking Alpha • May 27Middlesex Water: Not My Favorite Utility, Though Valuation Has Improved (Rating Upgrade)Summary Middlesex Water has corrected sharply from a period of prior overvaluation. MSEX remains a slow-growing, defensive utility, though its operational results have improved a bit lately. Interest rate environment and rising bond yields continue to pressure Middlesex and peers, limiting upside despite improved fundamentals. I upgrade Middlesex Water to a hold, but I prefer larger water utilities or other defensive stocks at the present time. Read the full article on Seeking Alpha
Reported Earnings • May 01First quarter 2026 earnings: EPS in line with expectations, revenues disappointFirst quarter 2026 results: EPS: US$0.57 (up from US$0.53 in 1Q 2025). Revenue: US$48.7m (up 10.0% from 1Q 2025). Net income: US$10.6m (up 12% from 1Q 2025). Profit margin: 22% (in line with 1Q 2025). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Declared Dividend • Apr 29Fourth quarter dividend of US$0.36 announcedShareholders will receive a dividend of US$0.36. Ex-date: 15th May 2026 Payment date: 1st June 2026 Dividend yield will be 2.7%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (58% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 25Middlesex Water Company Declares Quarterly Cash Dividend, Payable on June 1, 2026Middlesex Water Company announced that its Board of Directors has declared a quarterly cash dividend of $0.36 per share on its common stock, payable June 1, 2026 to shareholders of record as of May 15, 2026.
Price Target Changed • Apr 19Price target increased by 7.1% to US$60.00Up from US$56.00, the current price target is an average from 2 analysts. New target price is 17% above last closing price of US$51.31. Stock is down 18% over the past year. The company is forecast to post earnings per share of US$2.56 for next year compared to US$2.36 last year.
お知らせ • Apr 17Middlesex Water Company to Report Q1, 2026 Results on Apr 30, 2026Middlesex Water Company announced that they will report Q1, 2026 results After-Market on Apr 30, 2026
お知らせ • Apr 07Middlesex Water Company, Annual General Meeting, May 19, 2026Middlesex Water Company, Annual General Meeting, May 19, 2026.
お知らせ • Mar 27Middlesex Water Company Announces Executive ChangesMiddlesex Water Company announced that Mrs. Tatyana Kaplan joined the company as Chief Accounting Officer, effective March 26, 2026. Mrs. Kaplan was most recently the Director of Accounting for Veolia North America regulated utility business where she led the regulatory accounting and reporting across six different jurisdictions. In addition, she played a critical role in the development and execution of the accounting and finance transformation roadmap. Prior to joining Veolia, she was the Associate Manager at Prudential Financial Inc. responsible for external financial reporting. Prior to joining Prudential Financial Inc., she was a Senior Associate at PricewaterhouseCoopers LLP in the power and utilities sector. Mrs. Kaplan is a Certified Public Accountant. She attended Leonard N. Stern School of Business at New York University, where she received a Bachelor of Science in Finance and a Master of Science in Accounting. In addition, Middlesex Water Company announced the departure of Mr. Robert J. Capko from the Principal Accounting Officer position. Mr. Capko will remain an employee of the Company as the Corporate Controller.
Reported Earnings • Feb 22Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: US$2.36 (down from US$2.48 in FY 2024). Revenue: US$194.7m (up 1.5% from FY 2024). Net income: US$42.7m (down 3.4% from FY 2024). Profit margin: 22% (down from 23% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.0%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
お知らせ • Feb 14Middlesex Water Company to Report Q4, 2025 Results on Feb 19, 2026Middlesex Water Company announced that they will report Q4, 2025 results After-Market on Feb 19, 2026
Upcoming Dividend • Feb 13Upcoming dividend of US$0.36 per shareEligible shareholders must have bought the stock before 17 February 2026. Payment date: 02 March 2026. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (2.9%).
Declared Dividend • Jan 30Third quarter dividend of US$0.36 announcedShareholders will receive a dividend of US$0.36. Ex-date: 17th February 2026 Payment date: 2nd March 2026 Dividend yield will be 2.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (57% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jan 28Middlesex Water Company Declares Quarterly Cash Dividend, Payable on March 2, 2026Middlesex Water Company announced that its Board of Directors declared a quarterly cash dividend of $0.36 per share on its common stock, payable March 2, 2026 to shareholders of record as of February 17, 2026.
分析記事 • Jan 15These 4 Measures Indicate That Middlesex Water (NASDAQ:MSEX) Is Using Debt ExtensivelyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
お知らせ • Dec 24Middlesex Water Company Announces the Appointment of Robert Hoglund to Its Board of Directors, Effective January 1, 2026Middlesex Water Company announced the appointment of Robert Hoglund to its Board of Directors, effective January 1, 2026. Over his career, Mr. Hoglund has held several senior financial leadership roles, including more than 18 years as Chief Financial Officer of Consolidated Edison Inc. He previously served as a Managing Director in Citigroup's Mergers & Acquisitions Group, advising Fortune 500 utilities and energy companies on mergers, acquisitions, divestitures, restructurings, and multi-billion-dollar equity and debt financings. Mr. Hoglund remains actively engaged in corporate governance, serving on boards and advising on finance modernization, enterprise risk management, and investor engagement. His current work reflects a continued commitment to strengthening financial resilience and guiding organizations through complex utility, energy transition, and capital markets challenges. His professional background is complemented by service in the nonprofit sector, long-standing involvement in executive development programs, and a personal commitment to supporting the next generation of leaders in the utility and financial industries.
分析記事 • Nov 20Slowing Rates Of Return At Middlesex Water (NASDAQ:MSEX) Leave Little Room For ExcitementWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
Upcoming Dividend • Nov 12Upcoming dividend of US$0.36 per shareEligible shareholders must have bought the stock before 17 November 2025. Payment date: 01 December 2025. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of American dividend payers (4.5%). In line with average of industry peers (2.8%).
分析記事 • Nov 03Middlesex Water's (NASDAQ:MSEX) Upcoming Dividend Will Be Larger Than Last Year'sMiddlesex Water Company ( NASDAQ:MSEX ) will increase its dividend on the 1st of December to $0.36, which is 5.9...
Reported Earnings • Nov 02Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: US$0.77 (down from US$0.80 in 3Q 2024). Revenue: US$54.1m (down 1.8% from 3Q 2024). Net income: US$13.9m (down 2.4% from 3Q 2024). Profit margin: 26% (in line with 3Q 2024). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
Declared Dividend • Oct 29Second quarter dividend increased to US$0.36Dividend of US$0.36 is 5.9% higher than last year. Ex-date: 17th November 2025 Payment date: 1st December 2025 Dividend yield will be 2.4%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (56% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 9.3% over the next year, which should provide support to the dividend and adequate earnings cover.
お知らせ • Oct 25Middlesex Water Company Increases Common Dividend, Payable on December 1, 2025Middlesex Water Company announced that its Board of Directors has declared a quarterly cash dividend of $0.36 per share on its common stock, a 5.88% increase from the $0.34 per share dividend last declared in July 2025. This increase raises the annual dividend rate to $1.44 from $1.36 per share of common stock and marks Middlesex Water Company’s (“Middlesex”) 53rd consecutive year of dividend increases. The dividend at the new rate is payable December 1, 2025 to shareholders of record as of November 17, 2025.
お知らせ • Oct 17Middlesex Water Company to Report Q3, 2025 Results on Oct 31, 2025Middlesex Water Company announced that they will report Q3, 2025 results After-Market on Oct 31, 2025
分析記事 • Oct 10Middlesex Water Company's (NASDAQ:MSEX) Popularity With Investors Is Under Threat From OverpricingWith a price-to-earnings (or "P/E") ratio of 23.5x Middlesex Water Company ( NASDAQ:MSEX ) may be sending bearish...
Upcoming Dividend • Aug 10Upcoming dividend of US$0.34 per shareEligible shareholders must have bought the stock before 15 August 2025. Payment date: 02 September 2025. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of American dividend payers (4.6%). In line with average of industry peers (2.6%).
Reported Earnings • Aug 01Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: US$0.60 (up from US$0.59 in 2Q 2024). Revenue: US$49.3m (flat on 2Q 2024). Net income: US$10.8m (up 2.3% from 2Q 2024). Profit margin: 22% (in line with 2Q 2024). Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) also missed analyst estimates by 8.4%. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
Declared Dividend • Jul 27First quarter dividend of US$0.34 announcedShareholders will receive a dividend of US$0.34. Ex-date: 15th August 2025 Payment date: 2nd September 2025 Dividend yield will be 2.6%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (55% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 7.8% over the next year, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jul 24Middlesex Water Company Declares Quarterly Cash Dividend on Common Stock, Payable September 2, 2025Middlesex Water Company announced that its Board of Directors has declared a quarterly cash dividend of $0.34 per share on its common stock, payable September 2, 2025 to shareholders of record as of August 15, 2025.
お知らせ • Jul 18Middlesex Water Company to Report Q2, 2025 Results on Jul 31, 2025Middlesex Water Company announced that they will report Q2, 2025 results After-Market on Jul 31, 2025
分析記事 • May 14At US$56.25, Is Middlesex Water Company (NASDAQ:MSEX) Worth Looking At Closely?Middlesex Water Company ( NASDAQ:MSEX ), is not the largest company out there, but it saw a decent share price growth...
お知らせ • May 13Middlesex Water Company has filed a Follow-on Equity Offering in the amount of $110 million.Middlesex Water Company has filed a Follow-on Equity Offering in the amount of $110 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market Offering
Reported Earnings • May 02First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: EPS: US$0.53 (down from US$0.60 in 1Q 2024). Revenue: US$44.3m (up 9.3% from 1Q 2024). Net income: US$9.46m (down 11% from 1Q 2024). Profit margin: 21% (down from 26% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Declared Dividend • Apr 30Fourth quarter dividend of US$0.34 announcedShareholders will receive a dividend of US$0.34. Ex-date: 15th May 2025 Payment date: 2nd June 2025 Dividend yield will be 2.1%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 11% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 26Middlesex Water Company Declares Quarterly Cash Dividend, Payable June 2, 2025Middlesex Water Company announced that its Board of Directors has declared a quarterly cash dividend of $0.34 per share on its common stock, payable June 2, 2025 to shareholders of record as of May 15, 2025.
お知らせ • Apr 22Middlesex Water Company to Report Q1, 2025 Results on May 01, 2025Middlesex Water Company announced that they will report Q1, 2025 results After-Market on May 01, 2025
Price Target Changed • Apr 11Price target increased by 8.7% to US$66.33Up from US$61.00, the current price target is an average from 3 analysts. New target price is 6.7% above last closing price of US$62.14. Stock is up 32% over the past year. The company is forecast to post earnings per share of US$2.53 for next year compared to US$2.48 last year.
Seeking Alpha • Apr 01Middlesex Water: Overvalued Amid High Interest RatesSummary Middlesex Water faces significant headwinds due to high interest rates, which increase borrowing costs for necessary capital expenditures and infrastructure upgrades. MSEX's high P/E ratio of 25x, despite modest growth, suggests overvaluation and potential for further stock price decline. The company's low dividend yield of 2.1% makes it less attractive compared to peers in the water utility sector. Ongoing risks from PFAS regulations could lead to substantial costs, adding financial strain on MSEX. Read the full article on Seeking Alpha
分析記事 • Mar 30What Middlesex Water Company's (NASDAQ:MSEX) 27% Share Price Gain Is Not Telling YouMiddlesex Water Company ( NASDAQ:MSEX ) shareholders would be excited to see that the share price has had a great...
Recent Insider Transactions • Mar 26Chairman recently sold US$244k worth of stockOn the 21st of March, Dennis Doll sold around 4k shares on-market at roughly US$60.05 per share. This transaction amounted to 5.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Dennis' only on-market trade for the last 12 months.
Recent Insider Transactions Derivative • Mar 18Chairman notifies of intention to sell stockDennis Doll intends to sell 4k shares in the next 90 days after lodging an Intent To Sell Form on the 17th of March. If the sale is conducted around the recent share price of US$62.27, it would amount to US$253k. Since March 2024, Dennis' direct individual holding has increased from 75.14k shares to 75.85k. Company insiders have collectively bought US$117k more than they sold, via options and on-market transactions, in the last 12 months.
Valuation Update With 7 Day Price Move • Mar 07Investor sentiment improves as stock rises 20%After last week's 20% share price gain to US$61.09, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 21x in the Water Utilities industry in the US. Total loss to shareholders of 36% over the past three years.
お知らせ • Mar 03Middlesex Water Company, Annual General Meeting, May 20, 2025Middlesex Water Company, Annual General Meeting, May 20, 2025.
Reported Earnings • Mar 02Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: US$2.48 (up from US$1.77 in FY 2023). Revenue: US$191.9m (up 15% from FY 2023). Net income: US$44.2m (up 41% from FY 2023). Profit margin: 23% (up from 19% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 5.6%. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.
Buy Or Sell Opportunity • Feb 11Now 21% overvaluedOver the last 90 days, the stock has fallen 24% to US$50.57. The fair value is estimated to be US$41.76, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has declined by 3.4%. Revenue is forecast to grow by 7.3% in a year. Earnings are forecast to grow by 6.6% in the next year.
お知らせ • Feb 04Middlesex Water Company to Report Q4, 2024 Results on Feb 28, 2025Middlesex Water Company announced that they will report Q4, 2024 results After-Market on Feb 28, 2025
分析記事 • Feb 04Middlesex Water (NASDAQ:MSEX) Has Announced A Dividend Of $0.34Middlesex Water Company ( NASDAQ:MSEX ) will pay a dividend of $0.34 on the 3rd of March. This takes the annual payment...
Declared Dividend • Jan 31Third quarter dividend of US$0.34 announcedShareholders will receive a dividend of US$0.34. Ex-date: 18th February 2025 Payment date: 3rd March 2025 Dividend yield will be 2.6%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (56% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 4.7% over the next year, which should provide support to the dividend and adequate earnings cover.
Buy Or Sell Opportunity • Jan 16Now 23% overvaluedOver the last 90 days, the stock has fallen 21% to US$51.53. The fair value is estimated to be US$41.76, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has declined by 3.4%. Revenue is forecast to grow by 7.3% in a year. Earnings are forecast to grow by 6.6% in the next year.
Seeking Alpha • Dec 19Middlesex Water: This Dividend King Is Not Worth Your TimeSummary Middlesex Water's stock has declined sharply, but despite its 50+ year dividend streak, I rate it a hold due to bearish technical indicators and weak fundamentals. The stock's long-term downtrend and poor seasonality in January and February suggest further declines, making it unattractive for investment right now. Middlesex's revenue growth is limited to rate cases, which may face challenges, and its EPS growth is insufficient to justify the current valuation. At 22X forward earnings and a 2.4% yield, Middlesex remains overvalued relative to peers, with no strong fundamental or technical support for a higher price. Read the full article on Seeking Alpha
分析記事 • Dec 04At US$62.61, Is Middlesex Water Company (NASDAQ:MSEX) Worth Looking At Closely?Middlesex Water Company ( NASDAQ:MSEX ), might not be a large cap stock, but it received a lot of attention from a...
お知らせ • Nov 27Middlesex Water Company Appoints Gregory Sorensen as Vice President and Chief Operating Officer, Effective December 16, 2024Middlesex Water Company announced that Gregory Sorensen has been named as its Vice President and Chief Operating Officer, effective December 16, 2024, as part of ongoing strategic succession planning and organizational realignment efforts. Sorensen was most recently President, West Region, Liberty Utilities where he oversaw operations across the U.S. and Chile and led a team of 800 professionals in delivering water, sewer, and electric service to approximately 200,000 customers in AZ, CA, and TX, and 240,000 customers in Chile. Sorensen had direct oversight for operations, engineering and finance and regulated utility revenue of over $400 million. Reporting directly to the President and Chief Executive Officer, Sorensen will be responsible for the operational performance of the company and oversee multiple divisions with responsibility for Engineering and Operations functions including capital program planning and delivery, water and waste water operations, managing safety and security, environmental compliance, sustainability and growth initiatives.
Upcoming Dividend • Nov 11Upcoming dividend of US$0.34 per shareEligible shareholders must have bought the stock before 15 November 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (2.5%).
Reported Earnings • Nov 01Third quarter 2024 earnings released: EPS: US$0.80 (vs US$0.56 in 3Q 2023)Third quarter 2024 results: EPS: US$0.80 (up from US$0.56 in 3Q 2023). Revenue: US$55.1m (up 18% from 3Q 2023). Net income: US$14.3m (up 44% from 3Q 2023). Profit margin: 26% (up from 21% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings.
分析記事 • Oct 29Middlesex Water (NASDAQ:MSEX) Is Increasing Its Dividend To $0.34The board of Middlesex Water Company ( NASDAQ:MSEX ) has announced that the dividend on 2nd of December will be...
Declared Dividend • Oct 28Second quarter dividend increased to US$0.34Dividend of US$0.34 is 4.6% higher than last year. Ex-date: 15th November 2024 Payment date: 2nd December 2024 Dividend yield will be 2.0%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (62% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend.
お知らせ • Oct 25Middlesex Water Company Declares Quarterly Cash Dividend, Payable on December 2, 2024Middlesex Water Company announced that its Board of Directors has declared a quarterly cash dividend of $0.34 per share on its common stock, a 4.62% increase from the $0.325 per share dividend last declared in July 2024. The dividend at the new rate is payable December 2, 2024 to shareholders of record as of November 15, 2024.
お知らせ • Oct 22Middlesex Water Company to Report Q3, 2024 Results on Oct 31, 2024Middlesex Water Company announced that they will report Q3, 2024 results After-Market on Oct 31, 2024
分析記事 • Oct 08Here's Why Middlesex Water (NASDAQ:MSEX) Has A Meaningful Debt BurdenDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Upcoming Dividend • Aug 11Upcoming dividend of US$0.33 per shareEligible shareholders must have bought the stock before 15 August 2024. Payment date: 03 September 2024. Payout ratio is a comfortable 62% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of American dividend payers (4.5%). Lower than average of industry peers (2.4%).
分析記事 • Aug 03Middlesex Water Company (NASDAQ:MSEX) Stock Rockets 27% As Investors Are Less Pessimistic Than ExpectedMiddlesex Water Company ( NASDAQ:MSEX ) shareholders have had their patience rewarded with a 27% share price jump in...
Reported Earnings • Aug 01Second quarter 2024 earnings released: EPS: US$0.59 (vs US$0.56 in 2Q 2023)Second quarter 2024 results: EPS: US$0.59 (up from US$0.56 in 2Q 2023). Revenue: US$49.1m (up 15% from 2Q 2023). Net income: US$10.5m (up 6.5% from 2Q 2023). Profit margin: 21% (down from 23% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings.
Board Change • Aug 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. President, CEO & Director Nadine Duchemin-Leslie was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
分析記事 • Jul 29There Are Reasons To Feel Uneasy About Middlesex Water's (NASDAQ:MSEX) Returns On CapitalWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? One...
Declared Dividend • Jul 28First quarter dividend of US$0.33 announcedShareholders will receive a dividend of US$0.33. Ex-date: 15th August 2024 Payment date: 3rd September 2024 Dividend yield will be 2.0%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend.
お知らせ • Jul 25Middlesex Water Company Declares Quarterly Cash Dividend, Payable on September 3, 2024Middlesex Water Company announced that its Board of Directors has declared a cash dividend of $0.325 per share on its common stock, payable September 3, 2024 to shareholders of record as of August 15, 2024. Middlesex Water Company has paid cash dividends in varying amounts continually since 1912.
Recent Insider Transactions • Jun 23Senior VP recently bought US$226k worth of stockOn the 20th of June, A. O'Connor bought around 4k shares on-market at roughly US$51.64 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was A.'s only on-market trade for the last 12 months.
お知らせ • Jun 13+ 1 more updateMiddlesex Water Company Announces CFO ChangesMiddlesex Water Company announced retirement of A. Bruce O’Connor as Chief Financial Officer, effective June 21, 2024 after 34 years of service and the appointment of Mohammed G. (Rally) Zerhouni as Chief Financial Officer, effective June 24, 2024. Zerhouni is an accomplished finance leader with over 20 years of experience in finance primarily in the regulated utility sector. Zerhouni was most recently the Senior Vice President of Finance and Principal Accounting Officer of SJW Group, where he led a team of more than 55 professionals in key accounting and finance areas. Prior to joining SJW Group, he was the Chief Financial Officer for Veolia North America regulated utility business where he led the development and execution of the finance transformation roadmap. Prior to joining Veolia, he led audit engagement teams at PwC, which included engagements with large investor-owned utilities. Zerhouni was also an adjunct faculty at Franklin University teaching accounting courses.
Price Target Changed • Jun 02Price target decreased by 19% to US$62.50Down from US$77.00, the current price target is an average from 2 analysts. New target price is 16% above last closing price of US$53.88. Stock is down 35% over the past year. The company posted earnings per share of US$1.77 last year.
お知らせ • Apr 27Middlesex Water Company Declares Quarterly Cash Dividend, Payable June 3, 2024Middlesex Water Company has announced that its Board of Directors has declared a cash dividend of $0.325 per share on its common stock, payable June 3, 2024 to shareholders of record as of May 15, 2024.
お知らせ • Apr 12Middlesex Water Company, Annual General Meeting, May 21, 2024Middlesex Water Company, Annual General Meeting, May 21, 2024, at 11:00 Eastern Daylight. Agenda: To consider and elect three Class I directors to serve for a period of three years and one Class II director to our Board of Directors (the “Board”) to serve for the ensuing one year and until their successors are elected and qualified; to consider and approve, by non-binding advisory vote, named executive officer compensation, as described in the accompanying Proxy Statement under Executive Compensation; to consider and ratify the appointment of Baker Tilly US, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024; and to transact such other business matters.
お知らせ • Mar 03Middlesex Water Company announced delayed annual 10-K filingOn 03/01/2024, Middlesex Water Company announced that they will be unable to file their next 10-K by the deadline required by the SEC.
Price Target Changed • Mar 01Price target decreased by 7.7% to US$72.00Down from US$78.00, the current price target is an average from 2 analysts. New target price is 40% above last closing price of US$51.30. Stock is down 32% over the past year. The company posted earnings per share of US$1.77 last year.
New Risk • Feb 27New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$112k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Significant insider selling over the past 3 months (US$112k sold).
Upcoming Dividend • Feb 07Upcoming dividend of US$0.33 per share at 2.3% yieldEligible shareholders must have bought the stock before 14 February 2024. Payment date: 01 March 2024. Payout ratio is a comfortable 67% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (2.6%).
Declared Dividend • Feb 01Third quarter dividend of US$0.33 announcedShareholders will receive a dividend of US$0.33. Ex-date: 14th February 2024 Payment date: 1st March 2024 Dividend yield will be 2.2%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (67% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend.
お知らせ • Jan 30Middlesex Water Company Declares Quarterly Cash Dividend, Payable on March 1, 2024Middlesex Water Company announced that its Board of Directors has declared a cash dividend of $0.325 per share on its common stock, payable March 1, 2024 to shareholders of record as of February 15, 2024.
お知らせ • Jan 24+ 1 more updateMiddlesex Water Company Announces CEO ChangesMiddlesex Water Company has named Nadine Leslie as its new CEO effective March 1, 2024. Ms. Leslie joins Middlesex following a comprehensive search for a successor to outgoing President & CEO Dennis W. Doll, who will retire from the Company February 29, 2024. Ms. Leslie is an accomplished leader with domestic and international experience in the Water Industry. She previously served as Chief Executive Officer of SUEZ North America from 2019 to 2022. In this capacity, she was responsible for overseeing one of North America’s leading environmental companies, with revenues over $1.1 billion, providing water and recycling and recovery services to 6.6 million people in the United States and Canada. The scope of her responsibilities included 15 regulated water utilities, 65 municipal contracts through innovative public-private partnerships and the long-term asset management contracts for water storage facilities, serving more than 4,000 municipal and industrial clients. Prior to her appointment as CEO of SUEZ North America, Ms. Leslie served as Executive Vice President - Health & Safety for the Paris-based SUEZ Group. In this capacity, she was responsible for directing and providing Health & Safety oversight to all business units of the Group. She also led the development and implementation of behavior-based safety practices, audited Health and Safety procedure implementation and compliance consistent with corporate and regulatory requirements and monitored the effectiveness of safety control measures used throughout SUEZ business units around the world. Ms. Leslie has more than 25 years of industry experience in operations, management, compliance, client relations and due diligence. Since joining the SUEZ North America team in 2000, she has held leadership positions of increasing responsibility within the company’s regulated, contract and corporate segments. She served as part of the management team at projects located in Georgia and New Jersey in 2003 before being appointed Vice President and General Manager for the regulated utility business in the Toms River, NJ division in 2006. Ms. Leslie also headed the SUEZ corporate internal audit department from 2009 until 2011 and then served as President of SUEZ North America’s Environmental Services from 2011 until 2016. In this capacity, she was responsible for overseeing the operations and management of contract operations throughout the United States and Canada. This included more than 80 projects affiliated with municipal and industrial water and wastewater systems as well as two solid waste treatment facilities. Mr. Doll will remain Chairman of the Middlesex Board of Directors through the expiration of his current term at the Annual Meeting of Shareholders on May 21, 2024. Mr. Doll has also entered into a consulting agreement with the Company to aid in a seamless transfer of leadership. The consulting agreement is effective commensurate with Mr. Doll’s retirement and expires May 21, 2024.
Board Change • Jan 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. Independent Director Vaughn McKoy was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
分析記事 • Dec 26Subdued Growth No Barrier To Middlesex Water Company's (NASDAQ:MSEX) PriceWith a price-to-earnings (or "P/E") ratio of 36.7x Middlesex Water Company ( NASDAQ:MSEX ) may be sending very bearish...
分析記事 • Dec 05Be Wary Of Middlesex Water (NASDAQ:MSEX) And Its Returns On CapitalTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...
Reported Earnings • Nov 10Third quarter 2023 earnings released: EPS: US$0.56 (vs US$0.81 in 3Q 2022)Third quarter 2023 results: EPS: US$0.56 (down from US$0.81 in 3Q 2022). Revenue: US$46.7m (down 2.1% from 3Q 2022). Net income: US$9.96m (down 30% from 3Q 2022). Profit margin: 21% (down from 30% in 3Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 5% per year.
Upcoming Dividend • Nov 08Upcoming dividend of US$0.33 per share at 1.9% yieldEligible shareholders must have bought the stock before 15 November 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 58% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of American dividend payers (5.1%). Lower than average of industry peers (2.4%).
分析記事 • Oct 26Middlesex Water (NASDAQ:MSEX) Has Announced That It Will Be Increasing Its Dividend To $0.325The board of Middlesex Water Company ( NASDAQ:MSEX ) has announced that the dividend on 1st of December will be...
お知らせ • Oct 21Middlesex Water Company Declares Cash Dividend on Its Common Stock, Payable on December 1, 2023Middlesex Water Company declared a cash dividend of $0.325 per share on its common stock, an increase of 4.0% from the $0.3125 per share dividend last declared in July 2023. This increase raises the annual dividend rate to $1.30 from $1.25 per share of common stock and marks Middlesex’s 51st consecutive year of dividend increases. The dividend at the new rate is payable December 1, 2023 to shareholders of record as of November 16, 2023. Middlesex Water Company has paid cash dividends in varying amounts continually since 1912.
Price Target Changed • Oct 16Price target decreased by 9.6% to US$80.50Down from US$89.00, the current price target is an average from 2 analysts. New target price is 22% above last closing price of US$65.72. Stock is down 21% over the past year. The company posted earnings per share of US$2.40 last year.
分析記事 • Oct 10Middlesex Water (NASDAQ:MSEX) Takes On Some Risk With Its Use Of DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
分析記事 • Aug 22Some Investors May Be Worried About Middlesex Water's (NASDAQ:MSEX) Returns On CapitalIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a...
Upcoming Dividend • Aug 03Upcoming dividend of US$0.31 per share at 1.6% yieldEligible shareholders must have bought the stock before 10 August 2023. Payment date: 01 September 2023. Payout ratio is a comfortable 58% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (2.1%).
Reported Earnings • Jul 30Second quarter 2023 earnings released: EPS: US$0.56 (vs US$0.50 in 2Q 2022)Second quarter 2023 results: EPS: US$0.56 (up from US$0.50 in 2Q 2022). Revenue: US$42.8m (up 7.9% from 2Q 2022). Net income: US$9.87m (up 12% from 2Q 2022). Profit margin: 23% (in line with 2Q 2022). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jul 23Middlesex Water Company Declares Quarterly Cash Dividend, Payable on September 1, 2023Middlesex Water Company announced that on July 20, 2023, the Board of Directors of the company declared a quarterly cash dividend of $0.3125 per share on its common stock, payable on September 1, 2023 to shareholders of record as of August 11, 2023.
分析記事 • May 27These 4 Measures Indicate That Middlesex Water (NASDAQ:MSEX) Is Using Debt ExtensivelyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
お知らせ • May 17+ 1 more updateDennis W. Doll Plans to Retire as President of Middlesex Water CompanyMiddlesex Water Company's President and Chief Executive Officer, Dennis W. Doll has announced a plan to retire upon turning age 65. Mr. Doll’s retirement is planned for the later of December 31, 2023 or, the date when a successor is duly named and on board. He will remain a member of the Board through the expiration of his current term in May 2024. A search for Mr. Doll’s successor is being led by the Compensation Committee of the Board of Directors in collaboration with Russell Reynolds Associates, a nationally-recognized executive search firm. Mr. Doll joined Middlesex Water Company as Executive Vice President in 2004 and was named President and Chief Executive Officer, and a Director of Middlesex, effective January 1, 2006. In May 2010, he was elected Chairman of the Board. Under his tenure, the Company has made several acquisitions, experienced significant organic customer growth, entered into numerous contract operations and completed hundreds of significant construction projects. Mr. Doll’s background includes nearly 40 years of experience in investor-owned water and wastewater utility management and a record of industry and other service as President of the National Association of Water Companies, Chairman of the Board of The Water Research Foundation, member of the Board and Executive Committee of the American Water Works Association, Chairman of the Board of the New Jersey Utilities Association, Board member and Treasurer of Raritan Bay Medical Center and Board member and Treasurer of Court Appointed Special Advocates of Middlesex County, New Jersey.
分析記事 • May 10Returns On Capital At Middlesex Water (NASDAQ:MSEX) Have Hit The BrakesIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...
Upcoming Dividend • May 04Upcoming dividend of US$0.31 per share at 1.7% yieldEligible shareholders must have bought the stock before 11 May 2023. Payment date: 01 June 2023. Payout ratio is a comfortable 59% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of American dividend payers (5.1%). Lower than average of industry peers (2.1%).
Price Target Changed • May 03Price target decreased by 8.2% to US$89.00Down from US$97.00, the current price target is an average from 2 analysts. New target price is 28% above last closing price of US$69.37. Stock is down 20% over the past year. The company posted earnings per share of US$2.40 last year.
Reported Earnings • May 03First quarter 2023 earnings released: EPS: US$0.33 (vs US$0.69 in 1Q 2022)First quarter 2023 results: EPS: US$0.33 (down from US$0.69 in 1Q 2022). Revenue: US$38.2m (up 5.4% from 1Q 2022). Net income: US$5.84m (down 52% from 1Q 2022). Profit margin: 15% (down from 33% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 4% per year.