MSEX
Middlesex Water Company
NasdaqGSUSDEQUITY
Utilities
DELAYED
Neutral
-17/100
Last price
52.90
▼ 0.17 (0.32%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
Lower pane
Overlay another symbol
Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
53.58
Prev close
53.07
Day high
53.93
Day low
52.64
Volume
141.77K
Market cap
$996.84M
P/E (TTM)
20.42
52W range
44.17 – 62.18
Day trading desk
Gap from prior close
+0.96%
Prior close 53.07
VWAP
53.04
-0.27% from price
Relative volume
0.68×
Normal
Session range
2.45%
52.64 – 53.93
Position in range
20%
Near session low
ATR (14D)
1.11
2.10% of price
Prior day high
53.67
PDH
Prior day low
52.86
PDL
Bid / ask spread
—
Quote not published
Session volume
102.57K
Avg 151.88K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-0.56%
-2.5%
1M
-9.20%
-10.4%
3M
-3.54%
-8.1%
6M
-0.47%
-18.7%
YTD
+4.92%
-9.3%
1Y
-1.25%
-17.7%
3Y
-20.15%
-102.4%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on MSEX open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
438.50K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 7, 26 | GINEGAW LORRIE BETH Officer |
SELL | 615 | $35.43K | Direct |
| Apr 1, 26 | REINHARD WALTER G Director |
STOCK | 865 | $45.02K | Direct |
| Apr 1, 26 | HOGLUND ROBERT N Director |
STOCK | 865 | $45.02K | Direct |
| Apr 1, 26 | KLEIN STEVEN M Director |
STOCK | 865 | $45.02K | Direct |
| Apr 1, 26 | MANSUE AMY B Director |
STOCK | 865 | $45.02K | Direct |
| Apr 1, 26 | GINEGAW LORRIE BETH Officer |
STOCK | 2.02K | $104.98K | Direct |
| Apr 1, 26 | KOOPER JAY L General Counsel |
STOCK | 2.60K | $135.17K | Direct |
| Apr 1, 26 | HANEMANN KIM C Director |
STOCK | 865 | $45.02K | Direct |
| Apr 1, 26 | NOBLE ANN L. Director |
STOCK | 865 | $45.02K | Direct |
| Apr 1, 26 | FULLAGAR ROBERT K Officer |
STOCK | 2.13K | $110.76K | Direct |
| Apr 1, 26 | SIMPSON GEORGIA M Officer |
STOCK | 2.14K | $111.39K | Direct |
| Apr 1, 26 | BERSHAD JOSHUA Director |
STOCK | 865 | $45.02K | Direct |
| Apr 1, 26 | DUCHEMIN-LESLIE NADINE Chief Executive Officer |
STOCK | 12.68K | $659.73K | Direct |
| Apr 1, 26 | MCKOY VAUGHN L Director |
STOCK | 865 | $45.02K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BERSHAD JOSHUA |
Director | 256.26K | Stock Award(Grant) |
COSGROVE JAMES F JR |
Director | 11.77K | Stock Award(Grant) |
DOLL DENNIS W |
Director | 72.49K | Stock Award(Grant) |
DUCHEMIN-LESLIE NADINE |
Chief Executive Officer | 26.48K | Stock Award(Grant) |
FULLAGAR ROBERT K |
Officer | 8.19K | Stock Award(Grant) |
GINEGAW LORRIE BETH |
Officer | 9.76K | Sale |
KLEIN STEVEN M |
Director | 10.89K | Stock Award(Grant) |
KOOPER JAY L |
General Counsel | 7.57K | Stock Award(Grant) |
MANSUE AMY B |
Director | 12.07K | Stock Award(Grant) |
ZERHOUNI MOHAMMED G. |
Chief Financial Officer | 10.40K | Stock Award(Grant) |
Fundamentals
Market cap$996.84M
Enterprise value$1.44B
Revenue (TTM)$206.14M
Gross profit$110.61M
EBITDA$97.04M
Net income$47.87M
EPS (TTM)$2.59
Free cash flow$-28.35M
Total cash$1.80M
Total debt$438.74M
Book value / share$27.65
Shares outstanding18.84M
Float18.34M
Short % of float5.65%
Dividend yield2.72%
Beta (5Y)0.74
Valuation & profitability ratios
Trailing P/E20.42
Forward P/E17.69
PEG ratio18.45
Price / sales—
Price / book1.91
EV / revenue6.96
EV / EBITDA14.79
Gross margin53.66%
Operating margin34.40%
Profit margin23.26%
Return on equity9.77%
Return on assets2.96%
Debt / equity83.98
Current ratio0.50
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $194.69M | $191.88M | $166.27M | $162.43M | +1.5% |
| Operating revenue | $194.69M | $191.88M | $166.27M | $162.43M | +1.5% |
| Cost of revenue | $91.29M | $92.36M | $83.11M | $79.10M | -1.2% |
| Gross profit | $103.40M | $99.51M | $83.16M | $83.34M | +3.9% |
| Total operating expense | $49.03M | $46.30M | $43.94M | $41.24M | +5.9% |
| Operating income | $54.38M | $53.21M | $39.22M | $42.10M | +2.2% |
| Net interest income | -$14.29M | -$12.77M | -$10.71M | -$7.05M | -12.0% |
| Pre-tax income | $47.64M | $51.26M | $32.56M | $45.67M | -7.0% |
| Tax provision | $4.82M | $6.91M | $1.04M | $3.24M | -30.2% |
| Net income | $42.82M | $44.35M | $31.52M | $42.43M | -3.4% |
| Net income to common | $42.75M | $44.24M | $31.40M | $42.31M | -3.4% |
| Basic EPS | 2.36 | 2.48 | 1.77 | 2.40 | -4.8% |
| Diluted EPS | 2.36 | 2.47 | 1.76 | 2.39 | -4.5% |
| EBIT | $61.94M | $64.03M | $43.27M | $52.72M | -3.3% |
| EBITDA | $94.43M | $92.06M | $72.72M | $80.20M | +2.6% |
| Basic shares | 18.10M | 17.84M | 17.73M | 17.63M | +1.4% |
| Diluted shares | 18.14M | 17.95M | 17.85M | 17.70M | +1.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $2.80M | $4.23M | $2.39M | $3.83M | -33.7% |
| Cash & short-term investments | $2.80M | $4.23M | $2.39M | $3.83M | -33.7% |
| Accounts receivable | $19.21M | $18.84M | $18.17M | $16.02M | +2.0% |
| Inventory | $7.55M | $6.72M | $6.97M | $6.18M | +12.4% |
| Total current assets | $41.77M | $42.97M | $108.54M | $37.31M | -2.8% |
| Property, plant & equipment | $1.15B | $1.06B | $1.00B | $924.35M | +8.6% |
| Total assets | $1.37B | $1.26B | $1.24B | $1.07B | +8.8% |
| Total current liabilities | $93.80M | $82.89M | $103.83M | $117.86M | +13.2% |
| Current debt | $36.10M | $30.71M | $50.49M | $72.96M | +17.5% |
| Long-term debt | $378.87M | $352.82M | $358.15M | $290.28M | +7.4% |
| Total debt | $416.81M | $385.96M | $411.71M | $366.95M | +8.0% |
| Total liabilities | $870.36M | $808.28M | $810.98M | $672.04M | +7.7% |
| Retained earnings | $214.88M | $197.06M | $176.23M | $167.27M | +9.0% |
| Shareholder equity | $495.37M | $446.90M | $425.07M | $402.41M | +10.8% |
| Working capital | -$52.03M | -$39.91M | $4.71M | -$80.55M | -30.3% |
| Net tangible assets | $495.37M | $446.90M | $425.07M | $402.41M | +10.8% |
| Shares issued | 18.52M | 17.89M | 17.82M | 17.64M | +3.5% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $42.82M | $44.35M | $31.52M | $42.43M | -3.4% |
| Depreciation & amortisation | $32.49M | $28.04M | $29.44M | $27.48M | +15.9% |
| Stock-based compensation | $1.24M | $1.54M | $2.21M | $1.63M | -19.5% |
| Change in working capital | -$7.45M | -$12.54M | -$3.04M | $1.38M | +40.6% |
| Operating cash flow | $62.60M | $58.73M | $52.78M | $61.36M | +6.6% |
| Capital expenditure | -$96.35M | -$74.62M | -$90.18M | -$91.33M | -29.1% |
| Investing cash flow | -$100.96M | -$74.62M | -$90.18M | -$88.21M | -35.3% |
| Dividends paid | -$25.00M | -$23.52M | -$22.56M | -$20.93M | -6.3% |
| Financing cash flow | $38.61M | $17.73M | $35.96M | $27.15M | +117.8% |
| Free cash flow | -$33.76M | -$15.89M | -$37.40M | -$29.97M | -112.4% |
| End cash position | $4.47M | $4.23M | $2.39M | $3.83M | +5.9% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $56.36M | $48.71M | $46.98M | $54.09M | $49.32M | +15.7% |
| Operating revenue | $56.32M | $48.71M | $46.98M | $54.09M | $49.29M | +15.6% |
| Cost of revenue | $25.40M | $23.01M | $23.38M | $23.74M | $23.07M | +10.4% |
| Gross profit | $30.96M | $25.70M | $23.60M | $30.35M | $26.26M | +20.4% |
| Total operating expense | $12.73M | $12.60M | $12.40M | $12.65M | $12.35M | +1.0% |
| Operating income | $18.23M | $13.10M | $11.21M | $17.70M | $13.91M | +39.1% |
| Net interest income | -$4.02M | -$3.21M | -$3.76M | -$4.20M | -$3.62M | -25.0% |
| Pre-tax income | $16.56M | $11.89M | $9.43M | $15.39M | $12.19M | +39.3% |
| Tax provision | $1.79M | $1.28M | $820.00K | $1.43M | $1.41M | +39.2% |
| Net income | $14.77M | $10.61M | $8.61M | $13.96M | $10.78M | +39.3% |
| Net income to common | $14.75M | $10.59M | $8.59M | $13.94M | $10.76M | +39.4% |
| Basic EPS | 0.79 | 0.57 | 0.46 | 0.77 | 0.60 | +38.6% |
| Diluted EPS | 0.79 | 0.57 | 0.46 | 0.77 | 0.60 | +38.6% |
| EBIT | $20.58M | $15.10M | $13.19M | $19.59M | $15.81M | +36.2% |
| EBITDA | $27.51M | $23.29M | $21.69M | $28.12M | $23.35M | +18.1% |
| Basic shares | 18.71M | 18.55M | 18.40M | 18.12M | 17.96M | +0.9% |
| Diluted shares | 18.74M | 18.57M | 18.43M | 18.15M | 17.99M | +0.9% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.80M | $2.04M | $2.80M | $3.38M | $2.56M | -11.7% |
| Cash & short-term investments | $1.80M | $2.04M | $2.80M | $3.38M | $2.56M | -11.7% |
| Accounts receivable | $20.96M | $18.69M | $19.21M | $22.74M | $20.89M | +12.1% |
| Inventory | $8.98M | $8.10M | $7.55M | $7.31M | $6.92M | +10.9% |
| Total current assets | $52.02M | $46.83M | $41.77M | $49.60M | $49.51M | +11.1% |
| Property, plant & equipment | $1.20B | $1.17B | $1.15B | $1.12B | $1.10B | +2.4% |
| Total assets | $1.42B | $1.39B | $1.37B | $1.34B | $1.32B | +2.7% |
| Total current liabilities | $104.70M | $119.66M | $93.80M | $118.28M | $121.48M | -12.5% |
| Current debt | $41.65M | $54.67M | $36.10M | $62.65M | $62.83M | -23.8% |
| Long-term debt | $395.60M | $371.68M | $378.87M | $350.15M | $351.08M | +6.4% |
| Total debt | $438.75M | $428.00M | $416.81M | $414.75M | $416.03M | +2.5% |
| Total liabilities | $901.05M | $883.65M | $870.36M | $858.06M | $856.75M | +2.0% |
| Retained earnings | $226.85M | $218.80M | $214.88M | $212.91M | $205.09M | +3.7% |
| Shareholder equity | $522.43M | $502.39M | $495.37M | $483.90M | $459.13M | +4.0% |
| Working capital | -$52.67M | -$72.83M | -$52.03M | -$68.68M | -$71.97M | +27.7% |
| Net tangible assets | $522.43M | $502.39M | $495.37M | $483.90M | $459.13M | +4.0% |
| Shares issued | 18.84M | 18.58M | 18.52M | 18.34M | 18.02M | +1.4% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $14.77M | $10.61M | $8.61M | $13.96M | $10.78M | +39.3% |
| Depreciation & amortisation | $6.93M | $8.19M | $8.51M | $8.53M | $7.54M | -15.4% |
| Stock-based compensation | $766.00K | $401.00K | $118.00K | $161.00K | $569.00K | +91.0% |
| Change in working capital | -$4.24M | -$5.09M | $2.51M | -$9.07M | $1.84M | +16.6% |
| Operating cash flow | $16.40M | $11.73M | $18.46M | $12.05M | $18.30M | +39.8% |
| Capital expenditure | -$32.83M | -$20.64M | -$24.71M | -$21.01M | -$31.72M | -59.0% |
| Investing cash flow | -$32.98M | -$20.64M | -$24.71M | -$21.01M | -$36.33M | -59.8% |
| Dividends paid | -$6.73M | -$6.68M | -$6.63M | -$6.14M | -$6.12M | -0.6% |
| Financing cash flow | $16.34M | $8.15M | $5.67M | $9.78M | $19.61M | +100.5% |
| Free cash flow | -$16.43M | -$8.91M | -$6.25M | -$8.96M | -$13.42M | -84.4% |
| End cash position | $3.48M | $3.71M | $4.47M | $5.06M | $4.24M | -6.4% |
Options analytics
Put / call volume
0.00
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
55.00
+4.0% from spot
ATM implied vol
6.3%
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
3
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
55.00
0 contracts
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.70 | 0.79 | +12.9% |
| Mar 2026 | 0.59 | 0.57 | -3.4% |
| Dec 2025 | 0.46 | 0.46 | 0.0% |
| Sep 2025 | 0.85 | 0.77 | -9.1% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.83 | 1 | $60.30M | +11.5% |
| Next quarter | 0.48 | 1 | $52.30M | +11.3% |
| Current year | 2.67 | 1 | $217.65M | +11.8% |
| Next year | 2.99 | 1 | $237.60M | +9.2% |
Analyst targets & ownership
Mean target$61.00
High target$66.00
Low target$56.00
Implied upside15.31%
Analyst count2
ConsensusNONE
Strong buy / Buy0 / 1
Hold1
Sell / Strong sell0 / 0
Held by insiders2.33%
Held by institutions88.57%
Institutions holding313
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
53.06
-0.30% from price
SMA 20
54.64
-3.18% from price
SMA 50
56.70
-6.70% from price
SMA 100
55.31
-4.35% from price
SMA 200
53.90
-1.86% from price
EMA 12
53.64
-1.39% from price
EMA 26
54.85
-3.55% from price
EMA 50
55.54
-4.76% from price
RSI (14)
35.8
Neutral
MACD (12,26,9)
-1.20
Hist -0.10
ATR (14)
1.11
2.10% of price
Realised vol 30D
15.8%
Annualised
Bollinger upper
58.05
20, 2σ
Bollinger lower
51.22
20, 2σ
50 / 200 cross
Golden
56.70 vs 53.90
Trend bias
Below 200
-1.86%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
-0.17
Less volatile than market
Correlation to SPY
-0.08
Largely independent
Realised vol 30D
15.8%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-21.6%
Peak to trough
Max drawdown 5Y
-61.9%
Peak to trough
ATR 14
1.11
2.10% of price
Beta (reported)
0.74
5Y monthly, from filing
Short interest
Shares short
862.66K
Prior 839.10K
Change vs prior
+2.8%
Shorts adding
% of float
5.65%
Normal
% of shares out
4.58%
Against total outstanding
Days to cover
7.2
Crowded exit
Float
18.34M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Feb 25, 26 | Freedom Broker | MAINTAINED | Hold | Hold |
| Dec 5, 25 | Freedom Broker | INITIATED | — | Hold |
| Nov 3, 25 | Baird | MAINTAINED | Outperform | Outperform |
| May 12, 25 | Janney Montgomery Scott | UPGRADE | Neutral | Buy |
| Apr 4, 25 | Janney Montgomery Scott | DOWNGRADE | Buy | Neutral |
| Mar 3, 25 | Baird | UPGRADE | Neutral | Outperform |
| Dec 11, 24 | B of A Securities | INITIATED | — | Underperform |
| Nov 1, 24 | Baird | MAINTAINED | Neutral | Neutral |
| Aug 5, 24 | Baird | DOWNGRADE | Outperform | Neutral |
| May 9, 24 | Baird | MAINTAINED | Outperform | Outperform |
| Mar 1, 24 | Baird | MAINTAINED | Outperform | Outperform |
| May 2, 23 | Baird | MAINTAINED | — | Outperform |
Dividends & splits
Forward rate$1.44 / yr
Forward yield2.72%
5-year avg yield1.78%
Payout ratio54.83%
Ex-dividend dateAug 17, 2026
Next pay dateSep 1, 2026
Last split4:3
Split dateNov 17, 2003
SEC filings
Periodic Financial Reports
10-Q · 2026-07-30
Corporate Changes & Voting Matters
8-K · 2026-05-20
Corporate Changes & Voting Matters
8-K · 2026-04-30
Annual Report to Shareholders
ARS · 2026-04-06
Corporate Changes & Voting Matters
8-K · 2026-03-26
Corporate Changes & Voting Matters
8-K · 2026-02-24
Corporate Changes & Voting Matters
8-K · 2026-02-19
Corporate Changes & Voting Matters
8-K · 2025-12-22
Headlines
Tidewater Utilities Announces Second Customer Bill Credit Using PFAS Litigation Proceeds
GlobeNewswire · 36d ago
Can AWR Continue Raising Dividends for Long-Term Shareholders?
Zacks · 53d ago
Should Middlesex Water’s Stronger Earnings and Steady Dividend Payout Require Action From Middlesex Water (MSEX) Investors?
Simply Wall St. · 62d ago
Middlesex Water Company Q2 Earnings, Revenue Rise
MT Newswires · 68d ago
Middlesex Water: Q2 Earnings Snapshot
Associated Press · 68d ago
Middlesex Water Company Reports Second Quarter 2026 Earnings
GlobeNewswire · 68d ago
Middlesex Water Company Declares Quarterly Cash Dividend
GlobeNewswire · 75d ago
Middlesex Water Company to Report Second Quarter 2026 Earnings on July 30
GlobeNewswire · 82d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.