Middlesex Water (NASDAQ: MSEX) is one of 17 publicly-traded companies in the “UTIL-WATER SPLY” industry, but how does it weigh in compared to its peers? We will compare Middlesex Water to related companies based on the strength of its profitability, earnings, analyst recommendations, risk, dividends, valuation and institutional ownership.
Insider and Institutional Ownership
50.1% of Middlesex Water shares are owned by institutional investors. Comparatively, 43.1% of shares of all “UTIL-WATER SPLY” companies are owned by institutional investors. 3.5% of Middlesex Water shares are owned by company insiders. Comparatively, 10.5% of shares of all “UTIL-WATER SPLY” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.
Middlesex Water pays an annual dividend of $0.89 per share and has a dividend yield of 2.4%. Middlesex Water pays out 64.5% of its earnings in the form of a dividend. As a group, “UTIL-WATER SPLY” companies pay a dividend yield of 2.2% and pay out 55.9% of their earnings in the form of a dividend.
Risk & Volatility
Middlesex Water has a beta of 0.45, meaning that its share price is 55% less volatile than the S&P 500. Comparatively, Middlesex Water’s peers have a beta of 0.46, meaning that their average share price is 54% less volatile than the S&P 500.
This is a summary of recent ratings for Middlesex Water and its peers, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Middlesex Water Competitors||93||262||281||17||2.34|
Middlesex Water currently has a consensus price target of $40.00, indicating a potential upside of 8.99%. As a group, “UTIL-WATER SPLY” companies have a potential upside of 3.70%. Given Middlesex Water’s stronger consensus rating and higher probable upside, equities research analysts clearly believe Middlesex Water is more favorable than its peers.
This table compares Middlesex Water and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Middlesex Water Competitors||8.27%||9.06%||2.69%|
Earnings & Valuation
This table compares Middlesex Water and its peers revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Middlesex Water||$130.77 million||$22.80 million||26.59|
|Middlesex Water Competitors||$3.27 billion||$157.23 million||11.85|
Middlesex Water’s peers have higher revenue and earnings than Middlesex Water. Middlesex Water is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.
Middlesex Water beats its peers on 9 of the 15 factors compared.
About Middlesex Water
Middlesex Water Company, together with its subsidiaries, owns and operates regulated water utility and wastewater systems. It operates in two segments, Regulated and Non-Regulated. The Regulated segment engages in collecting, treating, and distributing water on a retail and wholesale basis to residential, commercial, industrial, and fire protection customers in parts of New Jersey, Delaware, and Pennsylvania. This segment also includes regulated wastewater systems in New Jersey and Delaware. The Non-Regulated segment provides non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware. Middlesex Water Company was founded in 1897 and is headquartered in Iselin, New Jersey.
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