Middlesex Water (MSEX)

Tidewater Utilities, Inc. • Pinelands Water Company • Pinelands Wastewater Company • Utility Service Affiliates (Perth Amboy) Inc. • Utility Service Affiliates, Inc. • Twin Lakes Utilities, Inc. ...

IRS number

221114430

MSEX stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$58.50

Low target

$56.00

High target

$61.00

Latest filings (excl ownership)

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8-K

Middlesex Water Names Gregory Sorensen

26 Nov 24

8-K

Departure of Directors or Certain Officers

31 Oct 24

Middlesex Water Announces Third Quarter 2024 Financial Results

31 Oct 24

8-K

52 Years of Consecutive Dividend Increases

24 Oct 24

8-K

Middlesex Water Company Announces Retirement of Bernadette Sohler, VP of Corporate Affairs

31 Jul 24

Middlesex Water Announces Second Quarter 2024 Results

31 Jul 24

8-K

Middlesex Water Company Declares

24 Jul 24

Latest ownership filings

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T. Rowe Price Investment Management, Inc.

FIRST TRUST PORTFOLIOS LP

Financial summary

Financial statements Chart MSEX financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	6.34 mm	6.34 mm	6.34 mm	6.34 mm	6.34 mm	6.34 mm
Cash burn (monthly)	560.33 k	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	1.56 mm	n/a	n/a	n/a	n/a	n/a
Cash remaining	4.78 mm	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	8.5	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2024

MSEX institutional ownership history Ownership history

34.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	97	171	-43.3%
Opened positions	28	41	-31.7%
Closed positions	102	34	+200.0%
Increased positions	29	65	-55.4%
Reduced positions	28	35	-20.0%

13F shares	Current	Prev Q	Change
Total value	163.58 bn	547.39 bn	-70.1%
Total shares	6.09 mm	13.59 mm	-55.2%
Total puts	5.90 k	0.00	NEW
Total calls	19.60 k	0.00	NEW
Total put/call ratio	0.3	–	–

Largest owners	Shares	Value	Change
First Trust Portfolios	1.38 mm	$0.00	0.0%
T. Rowe Price Investment Management	1.26 mm	$65.83 mm	+21.3%
STT State Street	760.36 k	$39.74 bn	+4.0%
MS Morgan Stanley	540.28 k	$28.24 bn	-10.2%
KBCSF KBC	255.02 k	$13.33 mm	0.0%
LGEN Legal & General	229.64 k	$12.00 bn	+6.7%
BK The Bank of New York Mellon Corporation	219.12 k	$11.45 bn	+12.5%
First Manhattan	187.76 k	$9.81 bn	-2.7%
Amundi	120.49 k	$6.35 bn	-8.0%
TSP Capital Management	109.64 k	$5.73 bn	-2.7%

Largest transactions	Shares	Bought/sold	Change
BLK BlackRock	0.00	-3.40 mm	EXIT
Vanguard	0.00	-1.43 mm	EXIT
Dimensional Fund Advisors	0.00	-454.18 k	EXIT
IVZ Invesco	0.00	-410.31 k	EXIT
Geode Capital Management	0.00	-400.25 k	EXIT
Renaissance Technologies	0.00	-284.70 k	EXIT
T. Rowe Price Investment Management	1.26 mm	+221.43 k	+21.3%
NTRS Northern Trust	0.00	-202.87 k	EXIT
ProShare Advisors	0.00	-150.82 k	EXIT
Thematics Asset Management	0.00	-125.00 k	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

MSEX insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
20 Dec 24	Gregory S Sorensen	Common Stock (Book Entry)	Payment of exercise	Dispose F	No	No	54.84	846	46.39 k	1,314
19 Dec 24	Gregory S Sorensen	Common Stock (Restricted Stock - Book Entry)	Grant	Acquire A	No	No	55.56	2,160	120.01 k	2,160
8 Nov 24	Robert John Capko	Common Stock (Book Entry)	Sell	Dispose S	No	No	69.31	143	9.91 k	0
27 Aug 24	Reinhard Walter G	Common Stock (Street Name)	Sell	Dispose S	No	No	61.91	68	4.21 k	6,651
27 Aug 24	Reinhard Walter G	Common Stock (Street Name)	Sell	Dispose S	No	No	61.96	432	26.77 k	6,719