Middlesex Water

Middlesex Water Co. owns and operates regulated water utility and wastewater systems. The firm's services include water production, treatment, & distribution, full service municipal contract operations, wastewater collection and treatment. It operates through two segments: Regulated and Non-Regulated. The Regulated segment serves residential, commercial, industrial and municipal customers. The Non-Regulated segment engages in business activities with developers, government entities and other customers. The company was founded in 1897 and is headquartered in Iselin, NJ.

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ISELIN, N.J., Dec. 22, 2020 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ: MSEX), a provider of water, wastewater and related services, announced today that its Vice President - Operations, Robert K. Fullagar, P.E. is among four individuals recently honored by The NJ Water Association (NJWA), an organization which provides training, technical assistance and support to water and wastewater systems of all sizes throughout New Jersey. Fullagar, with over thirty years of water management experience, received recognition from NJWA, along with Mitzi Kaiura, NJDEP Emergency Management Program; John Rouse of the Brick Township MUA and Chris O'Shea of the Passaic Valley Sewerage Commission for their efforts in early 2020 relating to the water sector's response to the COVID-19 pandemic and operational resiliency initiatives.

Middlesex Water VP Robert K. Fullagar Among Several Water Professionals Honored for Water Sector Response to COVID-19

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Water utilities pose a growing investment risk, putting unsuspecting investors at greater peril than other utilities – including the dreaded natural gas utilities. Investors need to assess topics like affordability and quality of potable water, water as a “human right,” and risks associated with providing potable water.

Growing Risks For Regulated Water Utility Investors

DOVER, Del., Dec. 17, 2020 (GLOBE NEWSWIRE) -- Tid e w a t er Utilities, Inc., a provider of regulated water services, has earned recognition from the U.S. Environmental Protection Agency's AQU A RIUS program for commendable execution of a project that finances the construction and rehabilitation of critical drinking water infrastructure. 

Tidewater Infrastructure Project Recognized for Excellence and Innovation

ISELIN, N.J., Dec. 15, 2020 (GLOBE NEWSWIRE) -- Dr. Joshua Bershad, Executive Vice President, Physician Services, RWJBarnabas Health and Chief Medical Officer, Rutgers Athletics, has been named to the Board of Directors of Middlesex Water Company, (NASDAQ:MSEX). Dr. Bershad's term is effective immediately and will remain in effect until the Annual Meeting of Shareholders on May 25, 2021 at which time he will stand for election as a Class III Director for the remaining two years of the three-year term of a Class III Director.

Middlesex Water Company Names Dr. Joshua Bershad to Its Board of Directors

ISELIN, N.J., Dec. 07, 2020 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) announced today that its Chairman, President and CEO Dennis W. Doll will be among water industry leaders presenting at the BofA Securities 2020 Virtual Water Conference on Thursday, December 10, 2020. 

Middlesex Water Company CEO Dennis Doll to Present at BofA Securities 2020 Water Conference

Rating Reflects MSEX Commitment to Corporate Social Responsibility Rating Reflects MSEX Commitment to Corporate Social Responsibility

Middlesex Water Earns Prime Status From ISS ESG

Middlesex Water Reports Third Quarter Financial Results

ISELIN, N.J., Oct. 21, 2020 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) announced today that its Board of Directors has declared a cash dividend of $0.2725 per share on its common stock, an increase of 6.3% from the $0.25625 per share dividend declared in July of 2020.  This increase raises the annual dividend rate to $1.09 from $1.02 per share of common stock. The dividend is payable December 1, 2020 to shareholders of record as of November 13, 2020. Middlesex Water Company has paid cash dividends in varying amounts continually since 1912 and has increased its annual dividend for 48 consecutive years.

Middlesex Water Company Announces 6.3% Common Dividend Increase

Middlesex Water: The 47-Year Dividend Aristocrat Offers Low Volatility But Limited Returns

ISELIN, N.J., Sept.  14, 2020  (GLOBE NEWSWIRE) --  Middlesex Water Company  has announced that its Chairman, President and CEO Dennis Doll will be participating in a Virtual Utilities Conference hosted by Janney Montgomery Scott on Wednesday, September 16 at 8 a.m. EDT.  Mr. Doll will provide an overview of the water industry and share an update on company developments. The Conference is a two-day virtual event to be moderated by Michael Gaugler, Janney Managing Director, Utility & Infrastructure Research. The live presentation as well as a replay of Mr. Doll’s webcast will be available in real time and be posted by the next day at  http://www.wsw.com/webcast/jms/msex  or on Middlesex Water’s website  www.middlesexwater.com  under Investors at the News & Events/Presentations Tab. The presentation will be available for 90 days.

Middlesex Water CEO Dennis Doll to Participate in Janney Virtual Utilities Conference

DOVER, Del., Sept.  08, 2020  (GLOBE NEWSWIRE) -- Tidewater Utilities, Inc. (Tidewater) has been named a 2020 Superstar in Business (60-150 Employee Category) by the Delaware State Chamber of Commerce. The recognition honors small businesses that display the highest of ethical standards and incorporate innovative ways to sustain and grow their business while maintaining a qualified workforce. Businesses and nonprofits submit an application detailing eight areas of business practices. The evaluation committee recognizes the top businesses in three categories, based on number of employees, and separately, evaluates organizations in a nonprofit category. Tidewater was named an Award of Excellence winner in the same category in 2019.

Tidewater Named “Superstar in Business” by Delaware State Chamber

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Given superior debt to capital, estimate revision & price movement, Middlesex Water (MSEX) seems to have an edge over SJW Group (SJW) and thus, should be retained.

SJW or MSEX: Which Water Utility Should You Retain Now?

DOVER, Del., Aug.  21, 2020  (GLOBE NEWSWIRE) -- Tidewater Utilities, Inc. (“Tidewater” or the “Company”) has announced the promotion of several key employees as part of its ongoing succession planning initiatives.

Tidewater Utilities Announces Promotions

Middlesex Water (MSEX) is set to invest $3.7 million to upgrade drinking water mains for providing high-quality services to customers in the Borough of Metuchen, NJ.

Middlesex Water (MSEX) to Invest $3.7M to Upgrade Water Mains

ISELIN, N.J., Aug.  06, 2020  (GLOBE NEWSWIRE) --  Middlesex Water Company  (NASDAQ:MSEX) has announced that beginning September 8, it will begin a $3.7 million project to upgrade drinking water infrastructure in the northwest section of the Borough of Metuchen, New Jersey. Under its 2020 RENEW Program, Middlesex Water Company intends to replace 3.3 miles or (17,500 linear feet) of water mains, as well as service lines, valves and fire hydrants to help enhance overall service quality and improve fire flows. Middlesex Water is coordinating its utility work schedule and road openings with the gas company working in the area so work can be done all at once avoiding subsequent disruptions to customers and area residents.

Middlesex Water Company to Invest $3.7 Million Upgrading Water Mains in Metuchen

Middlesex Water (MSEX) delivered earnings and revenue surprises of 7.84% and 0.79%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Middlesex Water (MSEX) Beats Q2 Earnings and Revenue Estimates

Middlesex Water Reports Second Quarter Financial Results

Middlesex Water (MSEX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Middlesex Water (MSEX) Earnings Expected to Grow: What to Know Ahead of Q2 Release

ISELIN, N.J., July  09, 2020  (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ:MSEX) has announced that construction of its 42” diameter ductile iron water transmission main begun in March of 2018 has been completed with final paving of the pipeline route finished in June 2020.This large underground water main transmits a water supply from the Company’s largest treatment plant in Edison, New Jersey  through the Borough of Metuchen, New Jersey and is providing a critical backup supply and helps ensure overall resiliency for the Company’s water distribution system which serves over 300,000 residents in eastern Middlesex County, NJ. 

Water Begins Flowing Through Middlesex Water Company’s New Major Transmission Main

ISELIN, N.J., July  01, 2020  (GLOBE NEWSWIRE) --  Middlesex Water Company  (NASDAQ: MSEX), a provider of water, wastewater and related services, announced today it has been selected as one of the Top Workplaces in New Jersey by NJ.com. The list of top New Jersey workplaces is based solely on employee feedback gathered through a third-party survey administered by employee engagement technology partner Energage, LLC. The anonymous survey uniquely measures 15 drivers of engaged cultures, which are critical to the success of any organization—including alignment, execution and connection.

Middlesex Water Company Named a Top New Jersey Workplace

ISELIN, N.J., June  16, 2020  (GLOBE NEWSWIRE) --  Middlesex Water Company  (NASDAQ: MSEX), has announced that its Chairman, President and CEO Dennis Doll will be participating in the Baird Food, Fuel and Water Symposium on June 17 at 8 a.m. EDT.  Mr. Doll will provide a company overview and participate in a fireside chat with Baird Sr. Research Analyst, Ben Kallo, CFA and Baird Research Associate David Katter discussing the company and the water industry. 

Middlesex Water CEO to Participate in Baird Virtual Food, Fuel and Water Symposium on June 17

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ISELIN, N.J., June  09, 2020  (GLOBE NEWSWIRE) --  Middlesex Water Company  (NASDAQ: MSEX), has announced that its Legal Department, headed by Jay L. Kooper, Vice President, General Counsel and Secretary will be honored by the New Jersey Law Journal with a  2020 Professional Excellence Award  in the “In-House Impact” category. The award recognizes outstanding service by a general counsel, legal department or in-house attorney who had a significant accomplishment in 2019. Categories include, but are not limited to, outside counsel management, diversity, pro bono and community service and general excellence.

Middlesex Water’s Legal Department to Be Honored With New Jersey Law Journal’s  2020 Professional Excellence Award

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