MIDDLESEX WATER CO(MSEX)Stock Analysis
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Rank #1,828 of 2,962 stocks
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
MSEX Stock Analysis & AI Quality Score
Data updated 2026-09-11AI stock analysis and institutional research for MIDDLESEX WATER CO (MSEX), a Utilities sector company. 13F Pro's AI-powered ranking engine scores MSEX at 46.4/100 on a 32-signal composite quality model, placing it at rank #1,828 of 2,962 stocks — the bottom half of the AI-ranked universe. MSEX scores in the top quartile across profitability (83.3). Areas of concern include earnings quality (11.0) and free cash flow (18.3), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), MIDDLESEX WATER CO reports quarterly revenue of $56.4M, net income of $14.8M, an operating margin of 32.4%. Top institutional holders of MSEX by reported 13-F value include BlackRock, T. Rowe Price Investment Management, Neuberger Berman Group, based on the most recent SEC filings. MSEX trades on the Nasdaq exchange and files with the SEC under CIK 66004. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate MSEX daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for MIDDLESEX WATER CO directly from SEC EDGAR. MIDDLESEX WATER CO's 13F Pro composite quality score has ranged between 38 and 51 since 2023, currently 46.4 — an improving long-term trajectory across 53 quarterly and live scoring snapshots.
Revenue
Q2 2026
$56.4M
Net Income
Q2 2026
$14.8M
Operating Margin
Q2 2026
32.4%
ROIC
Q2 2026
7.9%
D/E Ratio
Q2 2026
0.77
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · ProRevenue
+1.5% YoYNet Income
-3.4% YoYOperating Income
+2.2% YoYEPS (Diluted)
-4.5% YoYTotal Assets
+8.8% YoYTotal Debt
-45.9% YoYOp. Cash Flow
+6.6% YoYFree Cash Flow
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $194.7M +1.5% | $191.9M +15.4% | $166.3M +2.5% | $162.3M +13.5% | $143.0M +1.1% | $141.4M |
| Net Income | $42.8M -3.4% | $44.4M +40.7% | $31.5M -25.7% | $42.4M +16.1% | $36.5M -4.9% | $38.4M |
| Operating Income | $54.4M +2.2% | $53.2M +35.7% | $39.2M -17.1% | $47.3M +42.5% | $33.2M -11.2% | $37.4M |
| EPS (Diluted) | $2.36 -4.5% | $2.47 +40.3% | $1.76 -26.4% | $2.39 +15.5% | $2.07 -5.0% | $2.18 |
| Total Assets | $1.37B +8.8% | $1.26B +1.5% | $1.24B +15.0% | $1.07B +5.3% | $1.02B +4.5% | $976.5M |
| Total Debt | $386.7M -45.9% | $714.6M -7.8% | $775.3M +102.4% | $383.1M +14.3% | $335.2M +15.0% | $291.5M |
| Operating Cash Flow | $62.6M +6.6% | $58.7M +11.3% | $52.8M -14.0% | $61.4M +85.8% | $33.0M -38.1% | $53.4M |
| Free Cash Flow | — | $-15.9M +57.5% | $-37.4M -24.8% | $-30.0M +35.3% | $-46.4M +11.3% | $-52.3M |
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Available Research
13F Pro tracks comprehensive data for MIDDLESEX WATER CO including:
Top Institutional Holders of MSEX
BlackRock, Inc.
$176.0M3,134,461 shT. Rowe Price Investment Management, Inc.
$98.1M1,746,560 shNeuberger Berman Group LLC
$90.1M1,604,067 shMORGAN STANLEY
$61.9M1,101,704 shVANGUARD CAPITAL MANAGEMENT LLC
$45.1M802,323 shSTATE STREET CORP
$44.8M798,240 shVANGUARD PORTFOLIO MANAGEMENT LLC
$28.9M513,809 shGEODE CAPITAL MANAGEMENT, LLC
$28.1M500,555 shLegal & General Group Plc
$24.6M437,504 shDIMENSIONAL FUND ADVISORS LP
$19.6M348,430 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $176.0M | 3,134,461 |
| T. Rowe Price Investment Management, Inc. | $98.1M | 1,746,560 |
| Neuberger Berman Group LLC | $90.1M | 1,604,067 |
| MORGAN STANLEY | $61.9M | 1,101,704 |
| VANGUARD CAPITAL MANAGEMENT LLC | $45.1M | 802,323 |
| STATE STREET CORP | $44.8M | 798,240 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $28.9M | 513,809 |
| GEODE CAPITAL MANAGEMENT, LLC | $28.1M | 500,555 |
| Legal & General Group Plc | $24.6M | 437,504 |
| DIMENSIONAL FUND ADVISORS LP | $19.6M | 348,430 |
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Similarity is computed from the 8 composite sub-scores and latest-quarter 13F conviction holdings (index-style filers excluded). Refreshed monthly.
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Popular Research
Is MSEX a good stock to buy?
13F Pro's AI-powered analysis of MIDDLESEX WATER CO (MSEX) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Utilities sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for MSEX are available on the MSEX stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. MSEX is classified as a small company.
Which hedge funds own MSEX?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling MSEX. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of MIDDLESEX WATER CO's investment landscape.