Essential Utilities - WTRG Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Essential Utilities in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" WTRG shares.
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8 Wall Street analysts have issued 12 month price objectives for Essential Utilities' stock. Their WTRG share price forecasts range from $44.00 to $57.00. On average, they anticipate the company's share price to reach $51.86 in the next year. This suggests a possible upside of 7.8% from the stock's current price.
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Essential Utilities' stock was trading at $47.73 on January 1st, 2023. Since then, WTRG stock has increased by 0.8% and is now trading at $48.10.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 27th 2023.
View our WTRG earnings forecast.

Essential Utilities will be holding an earnings conference call on Monday, February 27th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-583-1035 with passcode "7366261".

Essential Utilities, Inc. (NYSE:WTRG) posted its quarterly earnings data on Monday, November, 7th. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.03. The business earned $434.62 million during the quarter, compared to the consensus estimate of $376 million. Essential Utilities had a net margin of 22.04% and a trailing twelve-month return on equity of 8.84%.

Essential Utilities declared a quarterly dividend on Wednesday, December 7th. Investors of record on Friday, February 10th will be paid a dividend of $0.287 per share on Wednesday, March 1st. This represents a $1.15 annualized dividend and a yield of 2.39%. The ex-dividend date is Thursday, February 9th.
Read our dividend analysis for WTRG.

Essential Utilities (NYSE:WTRG) pays an annual dividend of $1.14 per share and currently has a dividend yield of 2.49%. 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 64.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WTRG will have a dividend payout ratio of 60.32% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WTRG.

Essential Utilities updated its FY 2023 earnings guidance on Wednesday, January, 11th. The company provided EPS guidance of $1.85-$1.90 for the period, compared to the consensus EPS estimate of $1.90. The company issued revenue guidance of -.

Essential Utilities trades on the New York Stock Exchange (NYSE) under the ticker symbol "WTRG."

Essential Utilities' stock is owned by a number of institutional and retail investors. Top institutional investors include Zurcher Kantonalbank Zurich Cantonalbank (0.38%), Sumitomo Mitsui Trust Holdings Inc. (0.25%), New York State Common Retirement Fund (0.20%), Gradient Investments LLC (0.12%), New York State Teachers Retirement System (0.11%) and DekaBank Deutsche Girozentrale (0.10%). Insiders that own company stock include Chris Franklin, Daniel Schuller, Ellen T Ruff, Matthew Rhodes, Richard Scott Fox and Robert A Rubin.
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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.
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One share of WTRG stock can currently be purchased for approximately $48.10.

Essential Utilities (NYSE:WTRG) has a market capitalization of $12.62 billion and generates $2.12 billion in revenue each year. The company earns $431.61 million in net income (profit) each year or $1.77 on an earnings per share basis.

The company employs 3,211 workers across the globe.

Essential Utilities' mailing address is 762 W. LANCASTER AVENUE, BRYN MAWR PA, 19010. The official website for the company is www.essential.co. The company can be reached via phone at (610) 527-8000, via email at investorrelations@essential.co, or via fax at 610-645-1061.