Last $20.65 USD
Change Today -0.15 / -0.72%
Volume 38.7K
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

middlesex water co (MSEX) Snapshot

Open
$20.80
Previous Close
$20.80
Day High
$20.86
Day Low
$20.62
52 Week High
08/7/13 - $22.46
52 Week Low
04/22/13 - $18.87
Market Cap
330.1M
Average Volume 10 Days
41.1K
EPS TTM
$1.03
Shares Outstanding
16.0M
EX-Date
02/12/14
P/E TM
20.0x
Dividend
$0.76
Dividend Yield
3.66%
Current Stock Chart for MIDDLESEX WATER CO (MSEX)

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middlesex water co (MSEX) Details

Middlesex Water Company, through its subsidiaries, provides regulated and unregulated water, and wastewater utility services. The company operates in two segments, Regulated and Non-Regulated. The Regulated segment is involved in collecting, treating, and distributing water on a retail and wholesale basis to residential, commercial, industrial, and fire protection customers in parts of New Jersey, Delaware, and Pennsylvania. This segment also operates regulated wastewater systems in New Jersey and Delaware. The Non-Regulated segment provides non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware. Middlesex Water Company was founded in 1897 and is headquartered in, New Jersey.

279 Employees
Last Reported Date: 03/5/14
Founded in 1897

middlesex water co (MSEX) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $462.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $260.5K
Chief Operating Officer and Vice President of...
Total Annual Compensation: $260.5K
Vice President of Corporate Affairs
Total Annual Compensation: $174.6K
Compensation as of Fiscal Year 2013.

middlesex water co (MSEX) Key Developments

Middlesex Water Co. Announces Executive Changes

Middlesex Water Company has named Jay L. Kooper to the position of Vice President, General Counsel & Secretary, effective March 17, 2014. Mr. Kooper brings 15 years of experience representing electric, gas, water, wastewater, telephone and cable companies as well as municipalities and private clients before 15 state public utility commissions and legislatures, federal agencies and federal and state appellate courts. He most recently served as Director of Regulatory Affairs for Hess Corporation. Mr. Kooper succeeds Kenneth J. Quinn who held the position for twelve years before retiring on March 1, 2014.

Middlesex Water Co. Declares Quarterly Cash Dividend, Payable on March 3, 2014; Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

Middlesex Water Co. declared quarterly cash dividend of $0.19 per common share payable on March 3, 2014 for shareholders of record as of February 14, 2014. The company reported consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported operating revenues of $27.421 million compared to $27.079 million for the same period a year ago. Operating income was $6.664 million compared to $5.717 million for the same period a year ago. Income before income taxes was $4.849 million compared to $4.139 million for the same period a year ago. Earnings applicable to common stock was $3.125 million or $0.19 per diluted share compared to $2.675 million or $0.17 per diluted share for the same period a year ago. For the year, the company reported operating revenues of $114.846 million compared to $110.379 million for the same period a year ago. Operating income was $30.970 million compared to $27.647 million for the same period a year ago. Income before income taxes was $25.254 million compared to $21.779 million for the same period a year ago. Earnings applicable to common stock was $16.443 million or $1.03 per diluted share compared to $14.190 million or $0.90 per diluted share for the same period a year ago.

Middlesex Water Company Announces the Departure of Kenneth J. Quinn as Vice President - General Counsel, Secretary - Treasure

Middlesex Water Company announced the departure of Kenneth J. Quinn, Vice President - General Counsel, Secretary - Treasurer of the company who retired effective March 1, 2014.

 

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MSEX

Industry Average

Valuation MSEX Industry Range
Price/Earnings 20.2x
Price/Sales 2.8x
Price/Book 1.7x
Price/Cash Flow 12.0x
TEV/Sales 1.4x
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