Essential Utilities Inc (WTRG) – key numbers that make it a Strong Buy For Now

Essential Utilities Inc (NYSE: WTRG) is -3.88% lower on its value in year-to-date trading and has touched a low of $32.07 and a high of $46.37 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 $35.30 in the last trading session, with the day’s gains setting it 0.6%.

Currently trading at $35.90, the stock is -1.54% and -2.23% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.81 million and changing 1.70% at the moment leaves the stock -5.19% off its SMA200. WTRG registered -20.82% loss for a year compared to 6-month loss of -8.95%. The firm has a 50-day simple moving average (SMA 50) of $7.30 and a 200-day simple moving average (SMA200) of $15.89.

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The stock witnessed a -5.65% gain in the last 1 month and extending the period to 3 months gives it a 5.99%, and is 1.41% up 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 1.66% over the week and 2.05% over the month.

Essential Utilities Inc (WTRG) has around Feb 08 2024 employees, a market worth around $9.81B and $2.28B in sales. Current P/E ratio is 19.90 and Fwd P/E is 17.76. Profit margin for the company is 20.95%. Distance from 52-week low is 11.94% and -22.57% 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 0.80% year-over-year. Quarterly sales are estimated to grow 0.50% in year-over-year returns.

Essential Utilities Inc (WTRG) Top Institutional Holders

845 institutions hold shares in Essential Utilities Inc (WTRG), with institutional investors hold 79.21% of the company’s shares. The shares outstanding are 273.30M, and float is at 272.63M with Short Float at 2.11%. Institutions hold 79.08% 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’sPresident. 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?

The company’s main competitors (and peers) include American Water Works Co. (AWK) that is trading -18.50% down over the past 12 months. American States Water Co. (AWR) that is -18.90% lower over the same period.