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Middlesex Water (MSEX) Company Profile

Updated Aug 8, 2019
Middlesex Water has the following business profile:
Company's Full Name:Middlesex Water Company
Short Name:Middlesex Water
Trading Ticker Symbol:MSEX
Primary Exchange:NASDAQ
Headquarter City/Country:New Jersey, NJ
Primary Industry Sector:Public Utilities
Seconday Sub-sector:Water Supply
Main Business Areas: Public Utilities, Water Supply, Utilities, Water Utilities, Water
Dividend Payments:Dividend History

Market and Trading Information for Middlesex Water

The following details were available for trading and market data about the stock of Middlesex Water as of writing:
Current Share Price:$59.08
Previous Year's Closing Price:$53.35
Percentage Price Change (YTD):10.74%
Market Cap:$978.84 million
52-week Price Range:$43.12 - $63.68
Dividend Per Share:$0.94
EPS (TTM):2.05
Price-Earnings (Trailing):28.89
Price-Earnings (Forward):29.54

Company Profile and Business Description for Middlesex Water

Middlesex Water Company, incorporated in 1897, 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.

As of December 31, 2016, the Middlesex System in New Jersey provided water services to approximately 61,000 retail customers, primarily in eastern Middlesex County, New Jersey and provided water under wholesale contracts to the City of Rahway, Townships of Edison and Marlboro, the Borough of Highland Park and the Old Bridge Municipal Utilities Authority. The Middlesex System treats, stores and distributes water for residential, commercial, industrial and fire protection purposes. The Middlesex System also provides water treatment and pumping services to the Township of East Brunswick under contract. As of December 31, 2016, the Middlesex System's retail customers were located in an area of approximately 55 square miles in Woodbridge Township, the City of South Amboy, the Boroughs of Metuchen and Carteret, portions of the Township of Edison and the Borough of South Plainfield in Middlesex County and a portion of the Township of Clark in Union County. The Company's retail customers include a mix of residential customers, industrial concerns, and commercial and light industrial facilities.

As of December 31, 2016, the contract consumers of the Middlesex System consisted of an area of approximately 110 square miles with a population of approximately 219,000. As of December 31, 2016, the Company provided water service to approximately 300 customers in Cumberland County, New Jersey. The Company's subsidiary, Tidewater Utilities, Inc. (Tidewater), together with its subsidiary, Southern Shores Water Company, LLC (Southern Shores), provided water services to approximately 43,000 retail customers for residential, commercial and fire protection purposes in approximately 400 separate communities in New Castle, Kent and Sussex Counties, Delaware, at December 31, 2016. The Company's subsidiary, Utility Service Affiliates (Perth Amboy) Inc. (USA-PA), operates the City of Perth Amboy, New Jersey's (Perth Amboy) water treatment and distribution system and its wastewater collection system.

As of December 31, 2016, the Company's subsidiary, Pinelands Water Company (Pinelands Water), provided water services to approximately 2,500 residential customers in Burlington County, New Jersey. Its subsidiary, Pinelands Wastewater Company (Pinelands Wastewater), provided wastewater collection and treatment services to approximately 2,500 residential customers, at December 31, 2016. The Company's subsidiary, Utility Service Affiliates, Inc. (USA), operates the Borough of Avalon, New Jersey's (Avalon) water utility, sewer utility and storm water system. USA also provides unregulated water and wastewater services under contract with other New Jersey municipalities. As of December 31, 2016, the Company's subsidiary, Tidewater Environmental Services, Inc. (TESI), provided wastewater collection and treatment services to approximately 3,400 residential retail customers in Sussex County, Delaware. As of December 31, 2016, the Company's subsidiary, Twin Lakes Utilities, Inc. (Twin Lakes), provided water services to approximately 120 residential customers in Shohola, Pennsylvania.

1500 Ronson Rd

Peer / Competitor Companies of Water Supply Sector

Along with Middlesex Water Company, the following other peer (competitor) companies also exist within the same Water Supply - Public Utilities sector whose company profile and dividend history is as follows:

▶ Aegion (AEGN): Aegion Corporation (Aegion), incorporated on August 17, 2011, is engaged in providing infrastructure protection and maintenance. The Company operates through three segments: Infrastructure Solutions, Corrosion Protection and Energy Services. The ....See Detailed Company Profile  and Dividend History.

▶ American States Water (AWR): American States Water Company, through its subsidiaries, provides water and electric services to residential, industrial, and other customers in the United States. It operates through three segments: ....See Detailed Company Profile  and Dividend History.

▶ American Water Works (AWK): American Water Works Company, Inc., incorporated on August 28, 1936, is a holding company for regulated and market-based subsidiaries throughout the United States and Ontario, Canada. The Companys Regulated Businesses ....See Detailed Company Profile  and Dividend History.

▶ Aqua America (WTR): Aqua America, Inc. (Aqua America), incorporated on November 14, 1968, is a holding company. The Company, through its subsidiaries, is engaged in providing water or wastewater services concentrated in Pennsylvania, ....See Detailed Company Profile  and Dividend History.

▶ AquaVenture (WAAS): AquaVenture Holdings Limited, incorporated on June 17, 2016, is a multinational provider of Water-as-a-Service (WAAS) solutions. The Companys segments are Seven Seas Water and Quench. The Seven Seas Water segment ....See Detailed Company Profile  and Dividend History.

▶ Artesian Resources (ARTNA): Artesian Resources Corporation, incorporated on February 10, 1927, is a holding company. The Companys subsidiaries offer water, wastewater and other services on the Delmarva Peninsula. The Company distributes and sells ....See Detailed Company Profile  and Dividend History.

▶ Cadiz (CDZI): Cadiz Inc. operates as a land and water resource development company in the United States. It engages in the water resource, and land and agricultural development activities in San Bernardino County p....See Detailed Company Profile  and Dividend History.

▶ California Water Service Holding (CWT): California Water Service Group, incorporated on August 2, 1999, is a holding company. The Company operates through the supply and distribution of water and providing water-related utility services segment. The ....See Detailed Company Profile  and Dividend History.

▶ Companhia de saneamento Basico Do Estado De Sao Pa (SBS): Companhia de Saneamento Básico do Estado de São Paulo-SABESP provides basic and environmental sanitation services, and supplies treated water and sewage services on a wholesale basis to residential,....See Detailed Company Profile  and Dividend History.

▶ Connecticut Water Service (CTWS): Connecticut Water Service, Inc., incorporated on February 1, 1956, is a non-operating holding company. The Company operates through three segments: Water Operations, Real Estate Transactions, and Services and Rentals. The ....See Detailed Company Profile  and Dividend History.

▶ Consolidated Water (CWCO): Consolidated Water Co. Ltd. develops and operates seawater desalination plants (that utilize reverse osmosis technology) and water distribution systems in areas where naturally occurring supplies of potable water are scarce ....See Detailed Company Profile  and Dividend History.

▶ Dycom Industries (DY): Dycom Industries, Inc., incorporated on August 7, 1969, is a provider of specialty contracting services throughout the United States and in Canada. The Company, through its subsidiaries, provides program management, ....See Detailed Company Profile  and Dividend History.

▶ Global Water Resources (GWRS): Global Water Resources, Inc., incorporated on May 02, 2008, is a water resource management company. The Company owns, operates and manages water, wastewater and recycled water utilities in strategically located ....See Detailed Company Profile  and Dividend History.

▶ Goldfield (GV): The Goldfield Corporation (Goldfield), incorporated on April 25, 1968, is engaged in the construction of electrical infrastructure for the utility industry and industrial customers. The Company serves customers in the ....See Detailed Company Profile  and Dividend History.

▶ MasTec (MTZ): MasTec, Inc., incorporated on April 8, 1998, is an infrastructure construction company. The Company operates primarily across North America through a range of industries. The Company operates through five segments: ....See Detailed Company Profile  and Dividend History.

▶ MYR (MYRG): MYR Group Inc., incorporated on January 15, 1982, is a holding company. The Company, through its subsidiaries, provides specialty electrical construction services. The Company performs construction services in two segments: ....See Detailed Company Profile  and Dividend History.

▶ Preformed Line Products (PLPC): Preformed Line Products Company (PLPC), incorporated on August 21, 1947, is a designer and manufacturer of products and systems employed in the construction and maintenance of overhead and underground networks ....See Detailed Company Profile  and Dividend History.

▶ Primoris (PRIM): Primoris Services Corporation, incorporated on April 24, 2006, is a holding company. The Company holds various subsidiaries, through which it operates as a specialty contractor and infrastructure company. The Company ....See Detailed Company Profile  and Dividend History.

▶ Pure Cycle (PCYO): Pure Cycle Corporation, incorporated on November 30, 2007, is an integrated water company that provides wholesale water and wastewater services. The Company provides its services to wholesale customers, which include ....See Detailed Company Profile  and Dividend History.

▶ SJW (SJW): SJW Group, through its subsidiaries, provides water utility services in the United States. It engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of wa....See Detailed Company Profile  and Dividend History.

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