Middlesex Water Launches $110 Million ATM Offering

Middlesex Water Company ( (MSEX) ) has provided an announcement.

On May 12, 2025, Middlesex Water Company entered into an ATM Equity Offering Sales Agreement with several sales agents to sell up to $110 million in common stock through at-the-market offerings. The proceeds from these sales are intended to fund capital expenditures, plant equipment purchases, and other corporate purposes, potentially impacting the company’s operational capabilities and financial positioning.

The most recent analyst rating on (MSEX) stock is a Buy with a $66.00 price target. To see the full list of analyst forecasts on Middlesex Water Company stock, see the MSEX Stock Forecast page.

Spark’s Take on MSEX Stock

According to Spark, TipRanks’ AI Analyst, MSEX is a Outperform.

Middlesex Water Company exhibits strong financial performance with excellent profitability and cash flow generation, supported by moderate leverage and a stable equity position. The technical analysis suggests mixed signals, with short-term weakness but a stable long-term trajectory. The valuation is reasonable with a balanced P/E ratio and an attractive dividend yield. These factors combine to provide a robust overall stock score, reflecting solid stability and growth potential in the regulated water industry.

To see Spark’s full report on MSEX stock, click here.

More about Middlesex Water Company

Middlesex Water Company operates in the water utility industry, providing water and wastewater services to customers in New Jersey, Delaware, and Pennsylvania. The company focuses on ensuring reliable water supply and infrastructure maintenance.

Average Trading Volume: 174,411

Technical Sentiment Signal: Buy

Current Market Cap: $1.08B

See more data about MSEX stock on TipRanks’ Stock Analysis page.