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S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
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New CBOE “special perk” helps traders target income every weekend (Ad)
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S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
Investing in quantum computing: A guide 
New CBOE “special perk” helps traders target income every weekend (Ad)
What is dividend harvesting?
Marvell Technology at a critical pivot: 30% upside is possible
New CBOE “special perk” helps traders target income every weekend (Ad)
What analysts wanted out of Chewy stock is finally here
Even Scrooge can’t pass up these 3 bargain stocks
New CBOE “special perk” helps traders target income every weekend (Ad)
The truth about DocuSign's relevancy in today's world: Surprise
SoFi expands ETF business with options-driven income fund

Essential Utilities Stock Price, News & Analysis (NYSE:WTRG)

$35.83
-0.43 (-1.19%)
(As of 12/5/2023 ET)
Compare
Today's Range
$35.78
$36.36
50-Day Range
$32.59
$36.25
52-Week Range
$32.07
$49.89
Volume
1.56 million shs
Average Volume
1.24 million shs
Market Capitalization
$9.79 billion
P/E Ratio
19.91
Dividend Yield
3.40%
Price Target
$48.25

Essential Utilities MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
34.7% Upside
$48.25 Price Target
Short Interest
Healthy
1.98% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.18
Upright™ Environmental Score
News Sentiment
0.28mentions of Essential Utilities in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.53%
From $1.86 to $2.00 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.98 out of 5 stars

Utilities Sector

4th out of 86 stocks

Water Supply Industry

2nd out of 9 stocks


WTRG stock logo

About Essential Utilities Stock (NYSE:WTRG)

Essential Utilities, Inc., through its subsidiaries, operates regulated utilities that provide water, wastewater, or natural gas services in the United States. The company operates through Regulated Water and Regulated Natural Gas segments. It offers water services through operating and maintenance contract with municipal authorities and other parties. The company also provides non-utility raw water supply services for firms in the natural gas drilling industry; and water and sewer line protection solutions, and repair services to households. It serves approximately 8.8 million residential water, commercial water, fire protection, industrial water, wastewater, and other water and utility customers in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana, Virginia, West Virginia, and Kentucky under the Aqua and Peoples brands. The company was formerly known as Aqua America, Inc. and changed its name to Essential Utilities, Inc. in February 2020. Essential Utilities, Inc. was founded in 1886 and is headquartered in Bryn Mawr, Pennsylvania.

WTRG Stock Price History

WTRG Stock News Headlines

Essential Utilities, Inc. (A2A.F)
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Q3 2023 Essential Utilities Inc Earnings Call
Essential Utilities (WTRG) Q3 Earnings Surpass Estimates
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Essential Utilities Reports Financial Results for Q3 2023
Essential Declares December 2023 Dividend
Essential Utilities to Report Earnings for Q3 2023
See More Headlines
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Company Calendar

Last Earnings
11/06/2023
Ex-Dividend for 12/1 Dividend
11/09/2023
Dividend Payable
12/01/2023
Today
12/05/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/26/2024

Industry, Sector and Symbol

Industry
Water supply
Sub-Industry
N/A
Sector
Utilities
Employees
3,187
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$48.25
High Stock Price Target
$54.00
Low Stock Price Target
$42.00
Potential Upside/Downside
+34.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Net Income
$465.24 million
Pretax Margin
18.95%

Debt

Sales & Book Value

Annual Sales
$2.28 billion
Cash Flow
$2.98 per share
Book Value
$20.50 per share

Miscellaneous

Free Float
272,674,000
Market Cap
$9.79 billion
Optionable
Optionable
Beta
0.77
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WTRG Stock Analysis - Frequently Asked Questions

Should I buy or sell Essential Utilities stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Essential Utilities in the last year. There are currently 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" WTRG shares.
View WTRG analyst ratings
or view top-rated stocks.

What is Essential Utilities' stock price target for 2024?

5 Wall Street research analysts have issued 12-month price objectives for Essential Utilities' shares. Their WTRG share price targets range from $42.00 to $54.00. On average, they expect the company's stock price to reach $48.25 in the next year. This suggests a possible upside of 34.7% from the stock's current price.
View analysts price targets for WTRG
or view top-rated stocks among Wall Street analysts.

How have WTRG shares performed in 2023?

Essential Utilities' stock was trading at $47.73 at the beginning of 2023. Since then, WTRG stock has decreased by 24.9% and is now trading at $35.83.
View the best growth stocks for 2023 here
.

Are investors shorting Essential Utilities?

Essential Utilities saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 5,410,000 shares, an increase of 37.3% from the October 31st total of 3,940,000 shares. Based on an average daily volume of 1,460,000 shares, the days-to-cover ratio is currently 3.7 days.
View Essential Utilities' Short Interest
.

When is Essential Utilities' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, February 26th 2024.
View our WTRG earnings forecast
.

How were Essential Utilities' earnings last quarter?

Essential Utilities, Inc. (NYSE:WTRG) announced its quarterly earnings data on Monday, November, 6th. The company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.01. The company earned $411.26 million during the quarter, compared to the consensus estimate of $455.20 million. Essential Utilities had a trailing twelve-month return on equity of 8.52% and a net margin of 20.95%. The company's revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.26 earnings per share.

How often does Essential Utilities pay dividends? What is the dividend yield for Essential Utilities?

Essential Utilities announced a quarterly dividend on Wednesday, October 25th. Shareholders of record on Friday, November 10th will be paid a dividend of $0.3071 per share on Friday, December 1st. This represents a $1.23 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend is Thursday, November 9th.
Read our dividend analysis for WTRG
.

Is Essential Utilities a good dividend stock?

Essential Utilities (NYSE:WTRG) pays an annual dividend of $1.22 per share and currently has a dividend yield of 3.41%. The company has been increasing its dividend for 31 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 67.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WTRG will have a dividend payout ratio of 61.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WTRG.

What guidance has Essential Utilities issued on next quarter's earnings?

Essential Utilities updated its FY 2023 earnings guidance on Monday, November, 6th. The company provided EPS guidance of $1.85-$1.90 for the period, compared to the consensus EPS estimate of $1.86. The company issued revenue guidance of -.

Who are Essential Utilities' major shareholders?

Essential Utilities' stock is owned by many different retail and institutional investors. Top institutional investors include Invesco Ltd. (1.50%), Northern Trust Corp (1.24%), Legal & General Group Plc (1.07%), Bank of New York Mellon Corp (0.99%), Morgan Stanley (0.81%) and Tandem Investment Advisors Inc. (0.74%). Insiders that own company stock include Chris Franklin, Colleen Arnold, Daniel Schuller, Ellen T Ruff and Robert A Rubin.
View institutional ownership trends
.

How do I buy shares of Essential Utilities?

Shares of WTRG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:WTRG) was last updated on 12/6/2023 by MarketBeat.com Staff

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