Last $20.85 USD
Change Today -0.04 / -0.19%
Volume 30.2K
MSEX On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 10/21/14 All times are local (Market data is delayed by at least 15 minutes).

middlesex water co (MSEX) Snapshot

Open
$20.92
Previous Close
$20.89
Day High
$21.00
Day Low
$20.77
52 Week High
10/30/13 - $22.14
52 Week Low
02/6/14 - $19.06
Market Cap
334.8M
Average Volume 10 Days
45.8K
EPS TTM
$1.04
Shares Outstanding
16.1M
EX-Date
08/13/14
P/E TM
20.0x
Dividend
$0.76
Dividend Yield
3.65%
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 Company Appoints Baker Tilly Virchow Krause LLP Replacing ParenteBeard LLC as Auditors

On October 1, 2014, Middlesex Water Company was notified that the audit practice of ParenteBeard LLC was combined with Baker Tilly Virchow Krause LLP in a transaction pursuant to which ParenteBeard combined its operations with Baker Tilly and certain of the professional staff and partners of ParenteBeard joined Baker Tilly either as employees or partners of Baker Tilly. On October 1, 2014, ParenteBeard resigned as the auditors of the company and with the approval of the Audit Committee of the company's Board of Directors, Baker Tilly was engaged as its independent registered public accounting firm.

Middlesex Water Co. Presents at Retail Investor Conference 2014, Sep-11-2014 10:45 AM

Middlesex Water Co. Presents at Retail Investor Conference 2014, Sep-11-2014 10:45 AM. Speakers: Dennis W. Doll, Chairman, Chief Executive Officer and President.

Middlesex Water Co. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Middlesex Water Co. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported operating revenues were $29,190,000 compared to $29,102,000 for the same period a year ago. Operating income was $8,747,000 compared to $8,171,000 for the same period a year ago. Income before income taxes was $7,278,000 compared to $6,711,000 for the same period a year ago. Net income was $4,728,000 compared to $4,481,000 for the same period a year ago. Earnings applicable to common stock was $4,692,000 compared to $4,430,000 for the same period a year ago. Earnings per basic and diluted share were $0.29 compared to $0.28 for the same period a year ago. Operating income was primarily due to lower employee benefit plan costs. For the six months, the company reported operating revenues were $56,363,000 compared to $56,140,000 for the same period a year ago. Operating income was $14,714,000 compared to $14,036,000 for the same period a year ago. Income before income taxes was $12,200,000 compared to $11,546,000 for the same period a year ago. Net income was $7,897,000 compared to $7,658,000 for the same period a year ago. Earnings applicable to common stock was $7,818,000 compared to $7,555,000 for the same period a year ago. Earnings per diluted share were $0.49 compared to $0.47 for the same period a year ago. Consolidated operating revenues were increased primarily due to increased demand and an interim rate increase in Tidewater System offset by decreased general metered service and contract sales in Middlesex System.

 

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Valuation MSEX Industry Range
Price/Earnings 20.2x
Price/Sales 2.9x
Price/Book 1.7x
Price/Cash Flow 11.9x
TEV/Sales 1.4x
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