Huntington Weighs in on Middlesex Water FY2026 Earnings

Middlesex Water Company (NASDAQ:MSEX) – Equities researchers at Huntington issued their FY2026 earnings estimates for Middlesex Water in a research report issued on Sunday, November 1st. Huntington analyst M. Gaugler expects that the utilities provider will post earnings of $2.82 per share for the year. Huntington has a “Strong-Buy” rating on the stock. Huntington also issued estimates for Middlesex Water’s Q4 2026 earnings at $0.51 EPS, Q1 2027 earnings at $0.60 EPS, Q2 2027 earnings at $0.77 EPS, Q3 2027 earnings at $0.89 EPS, Q4 2027 earnings at $0.54 EPS, FY2027 earnings at $2.80 EPS, Q1 2028 earnings at $0.62 EPS, Q2 2028 earnings at $0.83 EPS, Q3 2028 earnings at $0.88 EPS and FY2028 earnings at $2.92 EPS.

A number of other equities analysts also recently issued reports on the company. Robert W. Baird set a $66.00 price target on Middlesex Water in a research report on Friday, July 31st. Weiss Ratings upgraded Middlesex Water from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, October 12th. Freedom Broker boosted their price objective on Middlesex Water from $56.00 to $58.00 and gave the company a “hold” rating in a research report on Monday. Finally, New Street Research set a $64.00 target price on Middlesex Water in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Middlesex Water has an average rating of “Moderate Buy” and a consensus price target of $60.75.

Middlesex Water Price Performance

Shares of Middlesex Water stock opened at $59.19 on Thursday. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 0.72. Middlesex Water has a twelve month low of $48.19 and a twelve month high of $59.80. The business has a 50-day moving average price of $55.48 and a 200 day moving average price of $54.26. The firm has a market cap of $1.13 billion, a PE ratio of 21.37 and a beta of 0.71.

Middlesex Water (NASDAQ:MSEX) last posted its earnings results on Thursday, October 29th. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.13. Middlesex Water had a net margin of 24.50% and a return on equity of 10.08%. The business had revenue of $60.21 million for the quarter, compared to analyst estimates of $59.90 million.

Institutional Investors Weigh In On Middlesex Water

Several institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its position in Middlesex Water by 13.8% during the first quarter. Renaissance Technologies LLC now owns 147,013 shares of the utilities provider’s stock worth $7,652,000 after acquiring an additional 17,800 shares during the last quarter. Legal & General Group Plc purchased a new stake in Middlesex Water during the 2nd quarter valued at about $24,570,000. BlackRock Inc. purchased a new stake in Middlesex Water during the 2nd quarter valued at about $176,031,000. Bank of New York Mellon Corp acquired a new stake in Middlesex Water in the 2nd quarter valued at about $10,054,000. Finally, Corient Private Wealth LP acquired a new stake in Middlesex Water in the 2nd quarter valued at about $1,222,000. 79.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Middlesex Water

In related news, VP Lorrie Ginegaw sold 615 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $57.61, for a total transaction of $35,430.15. Following the completion of the transaction, the vice president owned 3,978 shares in the company, valued at $229,172.58. This represents a 13.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.92% of the stock is owned by corporate insiders.

Middlesex Water Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 16th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.6%. This is a positive change from Middlesex Water’s previous quarterly dividend of $0.36. The ex-dividend date is Monday, November 16th. Middlesex Water’s dividend payout ratio (DPR) is 54.87%.

Key Stories Impacting Middlesex Water

Here are the key news stories impacting Middlesex Water this week:

• Positive Sentiment: Huntington initiated coverage with a Strong-Buy rating. The firm forecasts EPS of $2.82 for FY2026, $2.80 for FY2027 and $2.92 for FY2028, suggesting modest projected earnings growth into 2028. Huntington recommendations
• Positive Sentiment: Freedom Broker reportedly increased its price target for MSEX, another potentially supportive analyst signal; the article provided does not specify the new target or the size of the increase. Middlesex Water price target increase
• Neutral Sentiment: Huntington’s quarter-by-quarter EPS estimates are repeated across multiple reports and do not, by themselves, indicate that the firm raised its forecasts. The provided articles contain no new earnings results or operational news.

About Middlesex Water

Middlesex Water Company (NASDAQ:MSEX) is a regulated water and wastewater utility that owns and operates systems serving residential, commercial, industrial and municipal customers. Its services include the production, treatment, distribution and sale of potable water, as well as wastewater collection and treatment.

Founded in 1897, the company primarily serves communities in New Jersey and Delaware through its regulated utility operations. Its New Jersey service area includes portions of Middlesex, Union, Somerset and Mercer counties, while its Delaware operations serve customers through the Tidewater Utilities subsidiary.

Middlesex Water also provides contract operations, maintenance and related services for municipal and other public water and wastewater systems.