ISELIN, N.J., April 02, 2025 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ: MSEX) announced today that its subsidiary, Tidewater Utilities, Inc. (TUI), completed its acquisition of the water system assets of the Town of Ocean View (TOV) in Sussex County, Delaware for $4.6 million.
Middlesex Water faces significant headwinds due to high interest rates, which increase borrowing costs for necessary capital expenditures and infrastructure upgrades. MSEX's high P/E ratio of 25x, despite modest growth, suggests overvaluation and potential for further stock price decline. The company's low dividend yield of 2.1% makes it less attractive compared to peers in the water utility se...
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Investors in New Jersey water utility stock Middlesex Water (MSEX 14.44%) woke up to some dramatically good news on Monday morning: a 12.8% gain in share price (through 10:25 a.m. ET) after earnings came out over the weekend.
Diluted earnings per share (“EPS”) of $2.47 for 2024, compared to 2023 earnings of $1.76 Invested $75 million in capital expenditures in 2024 to upgrade, replace and enhance the resiliency of its water and wastewater utility infrastructure Utility infrastructure investment of $387 million planned from 2025 through 2027 ISELIN, N.J., Feb. 28, 2025 (GLOBE NEWSWIRE) -- Middlesex Water Company (“Mi...
Seven of the top-ten Dividend Kings by yield offer annual dividends from a $1K investment exceeding their single share prices, making them attractive buys. Six Dividend Kings, including Altria Group and Hormel Foods, are currently fair-priced, with dividends meeting or exceeding their single-share prices. Analysts predict net gains between 15% and 45.53% for the top-ten Dividend Kings by Februa...
ISELIN, N.J., Feb. 05, 2025 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ: MSEX) today announced the hiring of Brian Hague as its Vice President of Communications and Corporate Affairs, where he will focus on internal and external communications, crisis management, government affairs, and community outreach.
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