Middlesex Water Company (MSEX)
Utilities · NMS
Price as at 30 Sept 2026, 21:26 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Middlesex Water Company trades at $52.97, close to the $49.56 our fair value estimate puts on the business. On this measure the market and the model broadly agree, so the interesting question is which of them is wrong.
Our moat model scores it 60 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 23.9 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
MSEX dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $1.08 | 3 |
| 2025 | $1.38 | 4 |
| 2024 | $1.32 | 4 |
| 2023 | $1.26 | 4 |
| 2022 | $1.18 | 4 |
| 2021 | $1.40 | 5 |
| 2020 | $1.04 | 4 |
| 2019 | $0.976 | 4 |
| 2018 | $0.912 | 4 |
| 2017 | $0.857 | 4 |
| 2016 | $0.808 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
MSEX earnings and analyst estimates
Recommendation mix, 2 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
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.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
MSEX passes 3 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
6 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Two Sigma, TWO SIGMA INVESTMENTS, LP$9.15M · 0.0% of book
- Renaissance Technologies, RENAISSANCE TECHNOLOGIES LLC$6.22M · 0.0% of book
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$4.70M · 0.0% of book
- D. E. Shaw, D. E. Shaw & Co., Inc.$2.03M · 0.0% of book
- Ken Griffin, CITADEL ADVISORS LLC$1.67M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
MSEX peers
The largest companies in the same industry (Utilities - Regulated Water), then in the same sector.
- AWK American Water Works Company, Inc.
- AWR American States Water Company
- CWT California Water Service Group
- CWCO Consolidated Water Co. Ltd.
- CDZI Cadiz Inc.
- CETI Cyber Enviro-Tech, Inc.
- ORSTED.CO Orsted
- NEE NextEra Energy, Inc.
Every utilities company we cover is on the Utilities hub.
Common questions
Is Middlesex Water Company (MSEX) undervalued?
Against our fair value estimate of $49.56, MSEX at $52.97 is 6% above fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own MSEX?
6 of the institutions we track reported a position in MSEX in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is MSEX's P/E ratio?
MSEX trades at 23.9 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Middlesex Water Company (MSEX) pay a dividend?
Yes. Middlesex Water Company yields 2.47% at the current share price. It has paid $1.44 per share over the trailing twelve months. It has paid a dividend in each of the last 39 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its MSEX data?
Fundamentals for MSEX come from company filings and exchange data, as listed on NMS; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 30 Sept 2026, 21:26 UTC and is delayed. Our data quality score for this company is 100/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for MSEX, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.