Here is a breakdown of major shareholders in Essential Utilities Inc (NYSE: WTRG)

Essential Utilities Inc (NYSE: WTRG) is -5.14% lower on its value in year-to-date trading and has touched a low of $32.07 and a high of $47.47 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WTRG stock was last observed hovering at around $35.60 in the last trading session, with the day’s loss setting it -0.17%.

Currently trading at $35.43, the stock is -3.62% and -3.50% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.13 million and changing -0.48% at the moment leaves the stock -6.63% off its SMA200. WTRG registered -25.52% loss for a year compared to 6-month loss of -11.02%. The firm has a 50-day simple moving average (SMA 50) of $7.24 and a 200-day simple moving average (SMA200) of $15.76.

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The stock witnessed a -7.45% gain in the last 1 month and extending the period to 3 months gives it a 1.11%, and is -3.22% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.74% over the week and 2.11% over the month.

Essential Utilities Inc (WTRG) has around 3187 employees, a market worth around $9.68B and $2.28B in sales. Current P/E ratio is 19.64 and Fwd P/E is 17.53. Profit margin for the company is 20.95%. Distance from 52-week low is 10.48% and -25.36% from its 52-week high. The company has generated returns on investments over the last 12 months (3.85%).

Essential Utilities Inc quarterly earnings per share for the current quarter are estimated at $0.51 with sales reaching $708.65M over the same period.The EPS is expected to grow by 5.51% this year, but quarterly earnings will post 0.70% year-over-year. Quarterly sales are estimated to grow 0.50% in year-over-year returns.

839 institutions hold shares in Essential Utilities Inc (WTRG), with institutional investors hold 79.03% of the company’s shares. The shares outstanding are 273.30M, and float is at 272.63M with Short Float at 1.91%. Institutions hold 78.89% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 30.11 million shares valued at $1.2 billion. The investor’s holdings represent 11.38% of the WTRG Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 27.07 million shares valued at $1.08 billion to account for 10.23% of the shares outstanding. The other top investors are Canada Pension Plan Investment Board which holds 21.66 million shares representing 8.19% and valued at over $864.49 million, while State Street Corporation holds 5.39% of the shares totaling 14.24 million with a market value of $568.48 million.

Essential Utilities Inc (WTRG) Insider Activity

A total of 0 insider transactions have happened at Essential Utilities Inc (WTRG) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by Arnold Colleen, the company’s President. SEC filings show that Arnold Colleen sold 1,244 shares of the company’s common stock on Jun 14 at a price of $41.84 per share for a total of $52049.0. Following the sale, the insider now owns 7796.0 shares.

Essential Utilities Inc disclosed in a document filed with the SEC on Mar 08 that Franklin Chris (Chief Executive Officer) bought a total of 37,245 shares of the company’s common stock. The trade occurred on Mar 08 and was made at $40.70 per share for $1.52 million. Following the transaction, the insider now directly holds 37245.0 shares of the WTRG stock.

Essential Utilities Inc (WTRG): Who are the competitors?

One of the company’s main competitors (and peers) include American Water Works Co. (AWK) that is trading -19.02% down over the past 12 months.American States Water Co. (AWR) lies in the list of competitors of the Essential Utilities Inc and is -18.84% lower over the same period from WTRGCalifornia Water Service Group (CWT) is -22.30% down on the 1-year trading charts.