MSEX

Middlesex Water Company

Utilities · $995M market cap

Share price

$53.56

close of Oct 3, 2026

Fair value

$27.97

Sticker Price

Payback Price

$11.19

buy price

Overpriced

MSEX is Overpriced: at $53.56 it trades 91% above its fair value of $27.97. Its buy price (Payback Price) is $11.19, 79% below today's price. Business quality is limited: only 1 of 5 key numbers clears the 10% bar.

How we valued it

Dividend Discount Model. A regulated utility with a steady dividend record, so we value it on the dividends it pays.

Business quality

1 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth9.0% a year✗

Equity per share growth5.4% a year✗

Sales growth4.3% a year✗

Free cash flow growth41.5% a year✓

Return on invested capital3.6%✗

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Insider activity

Since Aug 7, 2026: no open-market purchases, 1 sale worth $35K and 1 other filing (stock awards, tax withholding and similar). Why purchases matter

Sales

Ginegaw Lorrie Beth

VP, Human Resources · 2026-08-07

Sold

$35K

Other filings

Bershad Joshua

director · 2026-08-11

J-Other

6,900 shares

About Middlesex Water Company

Middlesex Water Company primarily delivers vital water and wastewater utility services, structured around two key business units. Its regulated operations are dedicated to the acquisition, treatment, and distribution of water to a broad spectrum of retail and wholesale clients, including residential, commercial, industrial, and fire protection users. This division also oversees regulated wastewater systems in both…

Regulated Water