NYSE:WTRG

Essential Utilities (WTRG) Stock Price, News & Analysis

$36.63
+0.73 (+2.03%)
(As of 10:39 AM ET)
Today's Range
$35.83
$36.63
50-Day Range
$33.88
$37.05
52-Week Range
$32.07
$44.05
Volume
349,013 shs
Average Volume
1.78 million shs
Market Capitalization
$10.02 billion
P/E Ratio
19.69
Dividend Yield
3.36%
Price Target
$43.00

Essential Utilities MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
19.8% Upside
$43.00 Price Target
Short Interest
Healthy
2.41% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.18
Upright™ Environmental Score
News Sentiment
1.26mentions of Essential Utilities in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$207,074 Sold Last Quarter
Proj. Earnings Growth
5.50%
From $2.00 to $2.11 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.70 out of 5 stars

Utilities Sector

8th out of 88 stocks

Water Supply Industry

2nd out of 12 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. In addition, the company provides utility service line protection solutions and repair services to households. It serves approximately 5.5 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, 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

The system that called 2023’s top 7 stocks is at it again…
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8 Stocks I'm Buying Amid The Dividend Stock Selloff
Putin and other countries have a plan
Did you catch that bombshell Tucker Carlson interview with Vladimir Putin? It’s not about if you like Tucker or think Putin is the devil or whatever. It's all about the fact that the US dollar might be taking a back seat... and soon.
Essential Utilities to Report Earnings for Q1 2024
Essential Utilities Inc.
See More Headlines
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Company Calendar

Ex-Dividend for 3/1 Dividend
2/08/2024
Last Earnings
2/23/2024
Dividend Payable
3/01/2024
Today
4/22/2024
Next Earnings (Confirmed)
5/02/2024
Ex-Dividend for 6/1 Dividend
5/09/2024
Dividend Payable
6/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Water supply
Sub-Industry
N/A
Employees
3,258
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$43.00
High Stock Price Target
$45.00
Low Stock Price Target
$42.00
Potential Upside/Downside
+19.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$498.23 million
Pretax Margin
21.02%

Debt

Sales & Book Value

Annual Sales
$2.05 billion
Cash Flow
$3.12 per share
Book Value
$21.58 per share

Miscellaneous

Free Float
272,942,000
Market Cap
$9.82 billion
Optionable
Optionable
Beta
0.82
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WTRG Stock Analysis - Frequently Asked Questions

Should I buy or sell Essential Utilities stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Essential Utilities in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street 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?

4 equities research analysts have issued twelve-month price objectives for Essential Utilities' shares. Their WTRG share price targets range from $42.00 to $45.00. On average, they expect the company's share price to reach $43.00 in the next twelve months. This suggests a possible upside of 19.8% 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 2024?

Essential Utilities' stock was trading at $37.35 at the beginning of the year. Since then, WTRG shares have decreased by 3.9% and is now trading at $35.90.
View the best growth stocks for 2024 here
.

When is Essential Utilities' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our WTRG earnings forecast
.

How can I listen to Essential Utilities' earnings call?

Essential Utilities will be holding an earnings conference call on Friday, May 3rd 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 "4938576".

How were Essential Utilities' earnings last quarter?

Essential Utilities, Inc. (NYSE:WTRG) announced its earnings results on Friday, February, 23rd. The company reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.01. The firm earned $479.40 million during the quarter, compared to the consensus estimate of $708.50 million. Essential Utilities had a trailing twelve-month return on equity of 8.68% and a net margin of 24.26%. The firm's revenue was down 32.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.44 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, February 21st. Stockholders of record on Friday, May 10th will be paid a dividend of $0.3071 per share on Saturday, June 1st. This represents a $1.23 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Thursday, May 9th. This is a positive change from the stock's previous quarterly dividend of $0.31.
Read our dividend analysis for WTRG
.

Is Essential Utilities a good dividend stock?

Essential Utilities (NYSE:WTRG) pays an annual dividend of $1.23 per share and currently has a dividend yield of 3.47%. 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 66.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WTRG will have a dividend payout ratio of 58.29% 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 issued an update on its FY 2024 earnings guidance on Thursday, February, 22nd. The company provided earnings per share (EPS) guidance of 1.960-2.000 for the period, compared to the consensus earnings per share estimate of 2.010. The company issued revenue guidance of -.

Who are Essential Utilities' major shareholders?

Essential Utilities' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.20%), Maryland State Retirement & Pension System (0.09%), Folger Nolan Fleming Douglas Capital Management Inc. (0.07%), Hennessy Advisors Inc. (0.06%), Raymond James & Associates (0.05%) and IFM Investors Pty Ltd (0.04%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:WTRG) was last updated on 4/23/2024 by MarketBeat.com Staff

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