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Which Institutions Own Shares In Essential Utilities Inc (WTRG)?

Essential Utilities Inc (NYSE: WTRG) is -3.53% lower on its value in year-to-date trading and has touched a low of $32.07 and a high of $45.29 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 $36.33 in the last trading session, with the day’s loss setting it -0.3%.

Currently trading at $36.03, the stock is -0.01% and 0.40% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.99 million and changing -0.83% at the moment leaves the stock -2.22% off its SMA200. WTRG registered -17.46% loss for a year compared to 6-month gain of 9.41%. The firm has a 50-day simple moving average (SMA 50) of $8.29 and a 200-day simple moving average (SMA200) of $16.07.

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The stock witnessed a 1.61% loss in the last 1 month and extending the period to 3 months gives it a -4.73%, and is 1.24% 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 2.03% over the week and 1.80% over the month.

Essential Utilities Inc (WTRG) has around 3258 employees, a market worth around $9.85B and $2.05B in sales. Current P/E ratio is 19.34 and Fwd P/E is 17.03. Profit margin for the company is 24.26%. Distance from 52-week low is 12.35% and -20.45% from its 52-week high. The company has generated returns on investments over the last 12 months (3.91%).

Essential Utilities Inc quarterly earnings per share for the current quarter are estimated at $0.74 with sales reaching $750.08M over the same period.The EPS is expected to grow by 8.00% this year, but quarterly earnings will post 15.10% year-over-year. Quarterly sales are estimated to grow 3.30% in year-over-year returns.

871 institutions hold shares in Essential Utilities Inc (WTRG), with institutional investors hold 79.95% of the company’s shares. The shares outstanding are 273.30M, and float is at 272.93M with Short Float at 2.17%. Institutions hold 79.81% 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

The most recent transaction is an insider sale by RUBIN ROBERT A, the company’s Chief Accounting Officer. SEC filings show that RUBIN ROBERT A sold 5,565 shares of the company’s common stock on Apr 01 ’24 at a price of $37.21 per share for a total of $0.21 million. Following the sale, the insider now owns 57756.0 shares.

Essential Utilities Inc disclosed in a document filed with the SEC on Mar 11 ’24 that RUBIN ROBERT A (Chief Accounting Officer) sold a total of 3,551 shares of the company’s common stock. The trade occurred on Mar 11 ’24 and was made at $36.00 per share for $0.13 million. Following the transaction, the insider now directly holds 63321.0 shares of the WTRG stock.

Still, SEC filings show that on Mar 05 ’24, Amato Elizabeth B (Director) acquired 3,100 shares at an average price of $35.02 for $0.11 million. The insider now directly holds 16,103 shares of Essential Utilities Inc (WTRG).

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