Middlesex Water’s return on capital employed hits new high!

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Middlesex Water ($NASDAQ:MSEX) Company is a water utility company that serves customers in New Jersey and Delaware. During the quarter, Middlesex Water’s return on capital employed hit a new high, increasing by 61.15% to $14.29 million. The company attributed the strong performance to its continued focus on operational efficiency and cost control. Middlesex Water is committed to providing high-quality service to its customers and delivering value to its shareholders.

Price History

So far, news coverage of the company has mostly been negative. However, on Friday, Middlesex Water stock opened at $85.8 and closed at $87.9, up by 2.8% from the previous closing price of $85.5. This indicates that investors are confident in the company’s future prospects.

VI Analysis

Middlesex Water Company is a water and wastewater utility company. The Company provides water, wastewater and other related services in New Jersey and Delaware. It operates through two segments: regulated businesses and unregulated businesses. The Company’s regulated businesses include the operation and maintenance of water production, treatment and distribution facilities, and wastewater collection and treatment facilities. The Company’s unregulated businesses include contracted operations and maintenance for water and wastewater systems.

The Company serves residential, commercial, industrial and governmental customers. It offers water resource management, water conservation, wastewater management and other services. The Company’s subsidiaries include Aquarion Company, Aqua Jersey Inc., New Jersey American Water Company, Middlesex Water Service, Inc., Pinelands Water Company and Middletown Township Sewerage Authority.

VI Peers

The company’s competitors include Artesian Resources Corp, The York Water Co, and American Water Works Co Inc.

– Artesian Resources Corp ($NASDAQ:ARTNA)

Artesian Resources Corp is a water utility company that serves the greater Baltimore and Wilmington areas. The company has a market cap of 494.09M as of 2022 and a Return on Equity of 10.87%. The company is engaged in the business of providing water and wastewater services to residential, commercial, and industrial customers.

– The York Water Co ($NASDAQ:YORW)

The York Water Company, founded in 1816, is the oldest investor-owned water utility in the United States. It is a water and wastewater utility company that serves approximately 70,000 customers in south central Pennsylvania. The company’s market capitalization is $634.16 million as of 2022, and its return on equity is 8.18%. The York Water Company is committed to providing safe, reliable, and affordable water and wastewater services to its customers.

– American Water Works Co Inc ($NYSE:AWK)

American Water Works Company, Inc. is the largest investor-owned water and wastewater utility company in the United States, based on operated revenue. The company provides water and wastewater services to an estimated 14 million people in 46 states. It has approximately 7,100 employees and operates 86 utility subsidiaries. The company’s headquarters is in Camden, New Jersey.

American Water Works Company’s market capitalization is $25.28 billion as of 2022. The company’s return on equity is 17.48%.

American Water Works Company provides water and wastewater services to residential, commercial, and industrial customers in the United States. The company also supplies water to public utilities and municipalities. In addition, it engages in the wastewater treatment, desalination, and water reuse businesses.

Summary

Middlesex Water is a publicly traded water and wastewater utility company based in New Jersey. It is the holding company for Middlesex Water Company and several other subsidiaries. The company is committed to providing safe, reliable, and affordable water and wastewater services to its customers. Middlesex Water has a strong financial position and is well-positioned to continue investing in its business and delivering value to shareholders.