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NASDAQ · Utilities - Regulated Water · USD

Middlesex Water Company (MSEX) Stock Analysis

Middlesex Water Company (MSEX) is a Utilities - Regulated Water stock listed on NASDAQ and quoted in US Dollar.

Last Updated: October 21, 2026

MSEX

$53.63

−$0.41 (−0.76%)

Oct 21, 2026 · Market close

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Price History

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MSEX Key Statistics

As of Oct 21, 2026
Trading
Open
$54.26
Previous Close
$54.04
Day's Range
53.48–54.32
52-Week Range
44.17–62.18
Volume
117.67K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.74
Valuation
Market Cap
$1.01B
P/E Ratio
20.71
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
17.94
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
18.45
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
4.90
EPS (ttm)Profit attributable to each share over the last twelve months.
2.59
Financials (FY)
Revenue (FY)
$194.69M+1.47%
Net Income (FY)
$42.82M−3.45%
Profit marginThe share of revenue left as profit after all costs and taxes.
23.26%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
18.84M
1-Year Return
−8.81%
Dividend and dates
Dividend
$1.44+2.66%
Ex-Dividend Date
August 17, 2026
Earnings Date
October 29, 2026
Avg Volume
131.77K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, MSEX closed at $53.63, −8.81% over 1 year.

Middlesex Water Company (MSEX) has a market capitalization of $1.01B.

In fiscal 2025, MSEX reported revenue of $194.69M.

MSEX Stock Return by Calendar Year

Middlesex Water Company (MSEX) 10-year return: what $10,000 became

1 year
$10,000 $9,119
−8.81%
5 years
$10,000 $5,529
−44.71%
10 years
$10,000 $18,958
+89.58%

If you had invested $10,000 in Middlesex Water Company (MSEX) 10 years ago, at the close on October 21, 2016, it would have been worth $18,958 at the close on October 21, 2026: +89.58% in total, +6.61% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+7.81%
2025−1.65%
2024−18.00%
2023−15.18%
2022−33.75%
2021+68.51%
2020+15.78%
2019+21.12%
2018+36.54%
2017−4.92%
2016 (partial year)+12.62%

As of October 21, 2026.

MSEX Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$194.69M$42.82M22.0%
2024$191.88M$44.35M23.1%
2023$166.27M$31.52M19.0%
2022$162.43M$42.43M26.1%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$194.69M$103.40M$54.38M$42.82M22.0%
2024$191.88M$99.51M$53.21M$44.35M23.1%
2023$166.27M$83.16M$39.22M$31.52M19.0%
2022$162.43M$83.34M$42.10M$42.43M26.1%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

MSEX Dividend History

$1.38+4.9% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*$1.083—
2025$1.384+4.9%
2024$1.324+4.0%
2023$1.264+6.8%
YearDividends per sharePaymentsChange
2026 (partial year)$1.083—
2025$1.384+4.9%
2024$1.324+4.0%
2023$1.264+6.8%
2022$1.184−15.4%
2021$1.405+34.4%
2020$1.044+6.7%
2019$0.984+7.0%
2018$0.914+6.4%
2017$0.864+306.2%
2016$0.211—

Most recent payment: $0.36 per share, ex-dividend August 17, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

MSEX Valuation vs Utilities - Regulated Water Median

Median of 12 stocks
MetricMSEXUtilities - Regulated Water medianvs median
P/E20.7120.650% above
P/S ratio4.904.0820% above
Profit margin23.26%20.35%2.9 pts above

Medians across 12 Utilities - Regulated Water stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Middlesex Water Company (MSEX) is capitalised at $1.01B on the latest close. The company sits in the Utilities sector, in the Utilities - Regulated Water industry. The company reports 395 employees.

The most recent close on file for MSEX is $53.63, dated October 21, 2026. That is −$0.41 (−0.76%) against the previous close. Over the past 52 weeks the price has ranged from $44.17 to $62.18. The latest close sits 21.42% above that 52-week low.

Financial Health

In fiscal 2025, Middlesex Water Company reported revenue of $194.69M. That is +1.47% against the prior fiscal year, when revenue was $191.88M. Net income for the same year was $42.82M. That is −3.45% against the prior fiscal year. The reported profit margin is 23.26%. That is 2.9 percentage points above the Utilities - Regulated Water median of 20.35%. Trailing earnings per share are 2.59.

Across the 4 fiscal years on file, revenue moves from $162.43M in 2022 to $194.69M in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 20.71 times earnings. That is 0.29% above the Utilities - Regulated Water median of 20.65. The forward P/E on file is 17.94. The PEG ratio, which sets the P/E against expected earnings growth, reads 18.45. Measured against sales, the shares trade at 4.9 times revenue. On price-to-sales that is 20.11% above the Utilities - Regulated Water median of 4.08. 12 Utilities - Regulated Water companies report these metrics, and the medians quoted come from that group.

The reported beta is 0.74. Annualized volatility over the trailing 10 years is 32.15%. The trailing one-year total return is −8.81%. Across 10 years the annualized return works out at +6.61%.

Growth & Income

MSEX pays a dividend yielding 2.66%. That is 0.2 percentage points below the Utilities - Regulated Water median yield of 2.88%. At the indicated rate that is $1.44 a share a year. The ex-dividend date on file is August 17, 2026. Dividends are recorded for 11 calendar years; 2026 shows 3 payments totalling $1.08 a share. The year before, 2025, totalled $1.38 a share.

The strongest complete calendar year on file is 2021 at +68.51%; the weakest is 2022 at −33.75%. Of the 9 complete calendar years on file, 4 finished higher. So far in 2026 the total return is +7.81%.

Peer Comparison

Middlesex Water Company (MSEX) operates in the Utilities - Regulated Water industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Middlesex Water Company MSEX $1.01B 20.7
American Water Works Company, Inc. AWK $26.78B 23.4
Companhia de Saneamento Básico do Estado de São Paulo - SABESP SBS $22.22B 14.4
Essential Utilities, Inc. WTRG $11.56B 20.8

The Utilities - Regulated Water industry average P/E ratio is 20.7x. Middlesex Water Company trades at a P/E of 20.7.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Middlesex Water Company

Middlesex Water Company owns and operates regulated water utility and wastewater systems in the United States. It operates in two segments, Regulated and Non-Regulated. The company collects, treats, and distributes water on a retail and wholesale basis to residential, commercial, industrial, and fire protection customers; and provides regulated wastewater system. It also provides non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems. Middlesex Water Company was incorporated in 1896 and is headquartered in Iselin, New Jersey.

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