Boenning & Scattergood downgraded Middlesex Water from Outperform to Neutral
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/11/2024 | $56.00 | Underperform | BofA Securities |
| 8/5/2024 | $58.00 | Outperform → Neutral | Robert W. Baird |
| 6/24/2022 | Neutral → Buy | Janney |
SC 13G - MIDDLESEX WATER CO (0000066004) (Subject)
SC 13G - MIDDLESEX WATER CO (0000066004) (Subject)
SC 13G/A - MIDDLESEX WATER CO (0000066004) (Subject)
Diluted earnings per share of $0.80 for the quarter, an increase of 42.9% in comparison to the prior yearCommon dividend increased by 4.62%. ISELIN, N.J., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company ("Middlesex" or the "Company") (NASDAQ:MSEX) a provider of water and wastewater services, today announced third quarter financial results. Third Quarter Operating Results Diluted earnings per share were $0.80 and $0.56 for the three months ended September 30, 2024, and 2023, respectively. Net income for the quarter was $14.3 million, a $4.3 million increase when compared to the same period in 2023. Revenues for the quarter ended September 30, 2024, increased $8.4 milli
ISELIN, N.J., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) announced today that its Board of Directors has declared a quarterly cash dividend of $0.34 per share on its common stock, a 4.62% increase from the $0.325 per share dividend last declared in July 2024. This increase raises the annual dividend rate to $1.36 from $1.30 per share of common stock and marks Middlesex's 52nd consecutive year of dividend increases. The dividend at the new rate is payable December 2, 2024, to shareholders of record as of November 15, 2024. Middlesex Water Company has paid cash dividends in varying amounts continually since 1912. Middlesex Water Company provides regulated an
Second Quarter 2024 Net Income was $10.5 million, as compared to $9.9 million in 2023, an increase of 6.5%.Second Quarter 2024 Revenues were $49.1 million, as compared to $42.8 million in 2023, an increase of 14.8%.Dividend of $0.325 per share of common stock payable in September 2024 ISELIN, N.J., July 31, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company ("Middlesex" or the "Company") (NASDAQ:MSEX) a provider of water and wastewater services, today reported financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Results Diluted earnings per share were $0.59 for the three months ended June 30, 2024, compared to $0.55 for the same period in 2023. Net income for
ISELIN, N.J., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (the "Company" or "Middlesex"), (NASDAQ:MSEX), a provider of water and wastewater and related services primarily in New Jersey and Delaware, today announced that G. Christian Andreasen, Jr., P.E., Vice President, Enterprise Engineering, and President, Pinelands Water and Wastewater Companies will be retiring on January 31, 2025 after a 42-year career with the Company. Andreasen joined Middlesex in 1982 and assumed increasing responsibilities in the areas of planning, engineering, construction and management. Early in his career, Andreasen played a critical role driving projects which helped support the Company's growt
ISELIN, N.J., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX), a provider of water and wastewater and related services primarily in New Jersey and Delaware, today announced that Gregory Sorensen has been named as its Vice President and Chief Operating Officer, effective December 16, 2024, as part of ongoing strategic succession planning and organizational realignment efforts. "The Board of Directors and our executive leadership team are pleased to welcome Gregory Sorensen to Middlesex Water. He brings deep utility experience, a strong commitment to safety and employee development, finance and regulatory and compliance management to his new role," said Nadine Lesl
Diluted earnings per share of $0.80 for the quarter, an increase of 42.9% in comparison to the prior yearCommon dividend increased by 4.62%. ISELIN, N.J., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company ("Middlesex" or the "Company") (NASDAQ:MSEX) a provider of water and wastewater services, today announced third quarter financial results. Third Quarter Operating Results Diluted earnings per share were $0.80 and $0.56 for the three months ended September 30, 2024, and 2023, respectively. Net income for the quarter was $14.3 million, a $4.3 million increase when compared to the same period in 2023. Revenues for the quarter ended September 30, 2024, increased $8.4 milli
4 - MIDDLESEX WATER CO (0000066004) (Issuer)
8-K - MIDDLESEX WATER CO (0000066004) (Filer)
8-K - MIDDLESEX WATER CO (0000066004) (Filer)
10-Q - MIDDLESEX WATER CO (0000066004) (Filer)
ISELIN, N.J., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (the "Company" or "Middlesex"), (NASDAQ:MSEX), a provider of water and wastewater and related services primarily in New Jersey and Delaware, today announced that G. Christian Andreasen, Jr., P.E., Vice President, Enterprise Engineering, and President, Pinelands Water and Wastewater Companies will be retiring on January 31, 2025 after a 42-year career with the Company. Andreasen joined Middlesex in 1982 and assumed increasing responsibilities in the areas of planning, engineering, construction and management. Early in his career, Andreasen played a critical role driving projects which helped support the Company's growt
ISELIN, N.J., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (the "Company" or "Middlesex"), (NASDAQ:MSEX), a provider of water and wastewater and related services primarily in New Jersey and Delaware, today announced that Bernadette M. Sohler, Vice President of Corporate Affairs, will be retiring on December 31, 2024 after a 30-year career with the Company. Sohler joined Middlesex in 1994 and served in positions of increasing responsibility before being named to the executive leadership team as Vice President in 2007. She oversaw internal and corporate communications strategy including branding of the company's RENEW, DirectALERT and Water for Tomorrow® initiatives, digital me
ISELIN, N.J. , Jan. 23, 2024 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) has named Nadine Leslie as its new President & CEO effective March 1, 2024. Ms. Leslie joins Middlesex following a comprehensive search for a successor to outgoing President & CEO Dennis W. Doll, who will retire from the Company February 29, 2024. Ms. Leslie will also be appointed to the Board of Directors effective March 1, 2024. Ms. Leslie is an accomplished leader with domestic and international experience in the Water Industry. She previously served as Chief Executive Officer of SUEZ North America from 2019 to 2022. In this capacity, she was responsible for overseeing one of North America's leadin
4 - MIDDLESEX WATER CO (0000066004) (Issuer)
4 - MIDDLESEX WATER CO (0000066004) (Issuer)
3 - MIDDLESEX WATER CO (0000066004) (Issuer)
BofA Securities initiated coverage of Middlesex Water with a rating of Underperform and set a new price target of $56.00
Robert W. Baird downgraded Middlesex Water from Outperform to Neutral and set a new price target of $58.00
Janney upgraded Middlesex Water from Neutral to Buy