Middlesex Water Co.

  • Market Cap: Small Cap
  • Industry: Other Utilities
  • ISIN: US5966801087
USD
51.35
0.47 (0.92%)
  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

183.1 k

Shareholding (Mar 2025)

FII

13.79%

Held by 87 FIIs

DII

43.2%

Held by 46 DIIs

Promoter

0.00%

How big is Middlesex Water Co.?

22-Jun-2025

As of Jun 18, Middlesex Water Co. has a market capitalization of 996.18 million, with net sales of 195.66 million and a net profit of 43.15 million for the latest four quarters. The balance sheet shows shareholder's funds of 446.90 million and total assets of 1,255.17 million.

As of Jun 18, Middlesex Water Co. has a market capitalization of 996.18 million, categorizing it as a Micro Cap company.<BR><BR>As of Jun 18, the company reported net sales of 195.66 million and a net profit of 43.15 million for the latest four quarters ending in March 2025.<BR><BR>As of Dec 24, the balance sheet shows shareholder's funds of 446.90 million and total assets amounting to 1,255.17 million.

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What does Middlesex Water Co. do?

22-Jun-2025

Middlesex Water Company is a water utility firm with a market cap of USD 996.18 million, reporting net sales of USD 44 million and a net profit of USD 9 million as of March 2025. Key metrics include a P/E ratio of 23.00 and a return on equity of 9.57%.

Overview: <BR>Middlesex Water Company is a water utility company operating in the Other Utilities industry, with a market cap of USD 996.18 Million.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 44 Million (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: 9 Million (Quarterly Results - Mar 2025) <BR>Market cap: USD 996.18 Million (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 23.00 <BR>Dividend Yield: 0.00% <BR>Debt Equity: 0.87 <BR>Return on Equity: 9.57% <BR>Price to Book: 2.21<BR><BR>Contact Details: <BR>Address: 485C ROUTE 1 SOUTH, SUITE 400, ISELIN NJ: 08830 <BR>Tel: 1 732 6341500 <BR>Website: http://www.middlesexwater.com/

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Should I buy, sell or hold Middlesex Water Co.?

22-Jun-2025

Who are in the management team of Middlesex Water Co.?

22-Jun-2025

As of March 2022, the management team of Middlesex Water Co. includes Chairman, President, and CEO Mr. Dennis Doll, along with Lead Independent Director Mr. Walter Reinhard, and Independent Directors Dr. Joshua Bershad, Mr. James Cosgrove, Ms. Kim Hanemann, and Mr. Steven Klein.

As of March 2022, the management team of Middlesex Water Co. includes Mr. Dennis Doll, who serves as the Chairman of the Board, President, and Chief Executive Officer. Other members of the Board of Directors are Mr. Walter Reinhard, the Lead Independent Director; Dr. Joshua Bershad, a Director; Mr. James Cosgrove, an Independent Director; Ms. Kim Hanemann, an Independent Director; and Mr. Steven Klein, also an Independent Director.

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Is Middlesex Water Co. overvalued or undervalued?

21-Oct-2025

As of October 17, 2025, Middlesex Water Co. is considered expensive and potentially overvalued, with a P/E ratio of 23 and mixed stock performance, significantly lagging behind the S&P 500 over three years.

As of 17 October 2025, the valuation grade for Middlesex Water Co. has moved from very expensive to expensive, indicating a shift towards a more cautious outlook. The company appears overvalued based on its current valuation ratios, including a P/E ratio of 23, an EV to EBITDA of 16.44, and a Price to Book Value of 2.23. In comparison, peers such as Essential Utilities, Inc. have a fair valuation with a P/E of 16.89, while American States Water Co. shows a P/E of 22.76, suggesting that Middlesex Water Co. is trading at a premium relative to some of its competitors.<BR><BR>Additionally, the company's recent stock performance has been mixed; while it outperformed the S&P 500 in the short term with a 1-week return of 1.91% compared to 1.70%, it has significantly lagged over longer periods, with a 3-year return of -30.33% versus 81.19% for the S&P 500. This underperformance reinforces the notion that Middlesex Water Co. may be overvalued in the current market environment.

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Is Middlesex Water Co. technically bullish or bearish?

28-Oct-2025

As of October 24, 2025, Middlesex Water Co. shows a mildly bullish trend supported by positive MACD and Bollinger Bands, though it has underperformed the S&P 500 over the long term.

As of 24 October 2025, the technical trend for Middlesex Water Co. has changed from sideways to mildly bullish. The weekly MACD is bullish, and the monthly MACD is mildly bullish, supporting the positive trend. Bollinger Bands are bullish on both weekly and monthly time frames. However, daily moving averages indicate a mildly bearish stance. The KST is mildly bullish on both weekly and monthly periods, while the Dow Theory shows a mildly bullish weekly perspective but mildly bearish monthly. The OBV is mildly bullish weekly and mildly bearish monthly.<BR><BR>In terms of performance, Middlesex Water Co. has outperformed the S&P 500 over the past week and month, with returns of 3.55% and 12.68%, respectively, compared to the S&P 500's 1.92% and 2.32%. However, the stock has underperformed over the longer term, with a 1-year return of -4.85% versus the S&P 500's 16.90%, and a 3-year return of -27.86% compared to 78.85% for the index. Overall, the current technical stance is mildly bullish, driven primarily by the bullish MACD and Bollinger Bands.

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iScoreScore
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Strong Sell
Sell
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Strong Buy

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Dashboard
1

Poor long term growth as Net Sales has grown by an annual rate of 7.32% and Operating profit at 8.58% over the last 5 years

 
2

The company has declared Positive results for the last 3 consecutive quarters

3

With ROCE of 6.52%, it has a very expensive valuation with a 1.66 Enterprise value to Capital Employed

4

High Institutional Holdings at 87.07%

5

Consistent Underperformance against the benchmark over the last 3 years

stock-summaryMojo Parameters
Mojo Parameters
Stock DNA
stock-summary
Industry

Other Utilities

stock-summary
Market cap

USD 957 Million (Small Cap)

stock-summary
P/E

23.00

stock-summary
Industry P/E

NA

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

0.90

stock-summary
Return on Equity

9.45%

stock-summary
Price to Book

2.08

Revenue and Profits:
Net Sales:
49 Million
(Quarterly Results - Jun 2025)
Net Profit:
11 Million
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-3.2%
0%
-3.2%
6 Months
-10.54%
0%
-10.54%
1 Year
-17.98%
0%
-17.98%
2 Years
-22.17%
0%
-22.17%
3 Years
-43.6%
0%
-43.6%
4 Years
-50.02%
0%
-50.02%
5 Years
-26.21%
0%
-26.21%

Middlesex Water Co. for the last several years.

Risk Adjusted Returns v/s stock-summary
stock-summaryNews & Corporate Actions
News
Announcements stock-summary
Icon
No announcement available
Corporate Actions stock-summary
Icon
No corporate action available
stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
7.32%
EBIT Growth (5y)
8.58%
EBIT to Interest (avg)
4.10
Debt to EBITDA (avg)
5.18
Net Debt to Equity (avg)
0.87
Sales to Capital Employed (avg)
0.21
Tax Ratio
13.59%
Dividend Payout Ratio
53.34%
Pledged Shares
0
Institutional Holding
87.07%
ROCE (avg)
5.53%
ROE (avg)
9.73%
Valuation key factors
Factor
Value
P/E Ratio
23
Industry P/E
Price to Book Value
2.23
EV to EBIT
25.42
EV to EBITDA
16.44
EV to Capital Employed
1.66
EV to Sales
7.13
PEG Ratio
1.26
Dividend Yield
NA
ROCE (Latest)
6.52%
ROE (Latest)
9.57%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bullish
Mildly Bullish
Dow Theory
No Trend
Mildly Bearish
OBV
Mildly Bearish
Mildly Bearish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Mar 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Domestic Funds

Domestic Funds

Held in 49 Schemes (42.91%)

Foreign Institutions

Held by 87 Foreign Institutions (13.79%)

Strategic Entities with highest holding

Highest Public shareholder

stock-summaryFinancial
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  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Jun'25 - YoY",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in quarter ended Jun 2025 is 0.41% vs 14.72% in Jun 2024",
        "dir": -1
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        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in quarter ended Jun 2025 is 2.86% vs 6.06% in Jun 2024",
        "dir": -1
      }
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    "table": {
      "header": [
        "Jun'25",
        "Jun'24",
        "Change(%)"
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      "body": [
        {
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          "val2": "49.10",
          "chgp": "0.41%",
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          "field": "Operating Profit (PBDIT) excl Other Income",
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          "val2": "22.30",
          "chgp": "-3.59%",
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          "field": "Interest",
          "val1": "3.60",
          "val2": "4.00",
          "chgp": "-10.00%",
          "chgp_class": "positive"
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          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "10.80",
          "val2": "10.50",
          "chgp": "2.86%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
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          "field": "Interest",
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          "val2": "13.10",
          "chgp": "6.87%",
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Quarterly Results Snapshot (Consolidated) - Jun'25 - YoYstock-summary
Jun'25
Jun'24
Change(%)
Net Sales
49.30
49.10
0.41%
Operating Profit (PBDIT) excl Other Income
21.50
22.30
-3.59%
Interest
3.60
4.00
-10.00%
Exceptional Items
0.00
0.00
Consolidate Net Profit
10.80
10.50
2.86%
Operating Profit Margin (Excl OI)
282.10%
311.60%
-2.95%
USD in Million.
Direction Arrows
Net Sales

YoY Growth in quarter ended Jun 2025 is 0.41% vs 14.72% in Jun 2024

Direction Arrows
Consolidated Net Profit

YoY Growth in quarter ended Jun 2025 is 2.86% vs 6.06% in Jun 2024

Annual Results Snapshot (Consolidated) - Dec'24stock-summary
Dec'24
Dec'23
Change(%)
Net Sales
191.90
166.30
15.39%
Operating Profit (PBDIT) excl Other Income
81.20
68.70
18.20%
Interest
14.00
13.10
6.87%
Exceptional Items
0.00
0.00
Consolidate Net Profit
44.40
31.50
40.95%
Operating Profit Margin (Excl OI)
277.30%
235.90%
4.14%
USD in Million.
Direction Arrows
Net Sales

YoY Growth in year ended Dec 2024 is 15.39% vs 2.40% in Dec 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Dec 2024 is 40.95% vs -25.71% in Dec 2023

stock-summaryCompany CV
About Middlesex Water Co. stock-summary
stock-summary
Middlesex Water Co.
Other Utilities
Middlesex Water Company is a water utility company. The Company owns and operates regulated water utility and wastewater systems in New Jersey, Delaware and Pennsylvania. The Company also operates water and wastewater systems under contract on behalf of municipal and private clients in New Jersey and Delaware. The Company's segments include Regulated and Non-Regulated. The Regulated segment is engaged in the business of 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. The Non-Regulated segment primarily consists of non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware. The Middlesex System treats, stores and distributes water for residential, commercial, industrial and fire protection purposes.
Company Coordinates stock-summary
Company Details
485C ROUTE 1 SOUTH, SUITE 400 , ISELIN NJ : 08830
Registrar Details