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Middlesex Water Company (MSEX)

(Delayed Data from NSDQ)

$48.24 USD

48.24
91,884

+0.43 (0.89%)

Updated Apr 23, 2024 04:00 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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5-Strong Sell of 5         5

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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F Value D Growth A Momentum F VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 28% (70 out of 252)

Industry: Utility - Water Supply

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Balance Sheet

Research for MSEX

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Middlesex Water Company falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 2 4 4 4 2
Receivables 18 16 15 15 12
Notes Receivable 0 0 0 0 0
Inventories 7 6 5 5 5
Other Current Assets 81 11 10 10 10
Total Current Assets 109 37 34 34 29
Net Property & Equipment 998 921 865 797 706
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 4 5 5 6
Deferred Charges 91 90 101 118 110
Intangibles 0 0 0 0 0
Deposits & Other Assets 35 23 15 22 59
Total Assets 1,236 1,074 1,020 976 910
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 43 56 13 2 20
Accounts Payable 28 25 21 30 23
Current Portion Long-Term Debt 8 17 7 7 7
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 3 3 2 2 2
Income Taxes Payable 11 12 9 10 8
Other Current Liabilities 12 5 5 5 5
Total Current Liabilities 104 118 57 57 65
Mortgages 0 0 0 0 0
Deferred Taxes/Income 89 78 70 61 54
Convertible Debt 0 0 0 0 0
Long-Term Debt 358 290 307 273 231
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 260 186 213 237 234
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 811 672 650 628 584
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 2 2 2 2 2
Common Stock (Par) 247 233 222 217 215
Capital Surplus 0 0 0 0 0
Retained Earnings 176 167 146 129 109
Other Equity 0 0 0 0 0
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 425 402 370 348 326
Total Liabilities & Shareholder's Equity 1,236 1,074 1,020 976 910
Total Common Equity 423 400 368 346 324
Shares Outstanding 17.80 17.60 17.50 17.40 17.40
Book Value Per Share 23.76 22.75 21.01 19.90 18.61

Fiscal Year End for Middlesex Water Company falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 2 3 4 5
Receivables NA 18 19 15 16
Notes Receivable NA 0 0 0 0
Inventories NA 7 6 6 7
Other Current Assets NA 81 107 15 13
Total Current Assets NA 109 136 41 40
Net Property & Equipment NA 998 986 967 942
Investments & Advances NA 0 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 91 94 93 90
Intangibles NA 0 0 0 0
Deposits & Other Assets NA 35 24 24 24
Total Assets NA 1,236 1,243 1,128 1,099
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 43 42 24 29
Accounts Payable NA 28 29 28 28
Current Portion Long-Term Debt NA 8 7 17 17
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 3 3 3 3
Income Taxes Payable NA 11 8 10 16
Other Current Liabilities NA 12 32 5 4
Total Current Liabilities NA 104 121 88 96
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 89 88 85 79
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 358 354 350 330
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 255 187 185
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 811 822 714 693
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 2 2 2 2
Common Stock (Par) NA 247 243 240 236
Capital Surplus NA 0 0 0 0
Retained Earnings NA 176 176 172 168
Other Equity NA 0 0 0 0
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA 425 422 414 405
Total Liabilities & Shareholder's Equity NA 1,236 1,243 1,128 1,099
Total Common Equity 0 423 420 411 403
Shares Outstanding 17.80 17.80 17.70 17.70 17.60
Book Value Per Share 0.00 23.76 23.71 23.25 22.92