Essential Utilities Inc (NYSE: WTRG) is 9.53% higher on its value in year-to-date trading and has touched a low of $32.07 and a high of $43.26 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WTRG stock was last observed hovering at around $41.32 in the last trading session, with the day’s loss setting it -0.41%.
Currently trading at $40.91, the stock is 7.55% and 7.66% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.87 million and changing -0.99% at the moment leaves the stock 12.94% off its SMA200. WTRG registered 0.15% gain for a year compared to 6-month loss of 10.09%.
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The stock witnessed a 10.36% gain in the last 1 month and extending the period to 3 months gives it a 18.55%, and is 2.28% 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 2.07% over the week and 1.88% over the month.
Essential Utilities Inc (WTRG) has around 3258 employees, a market worth around $11.19B and $1.94B in sales. Current P/E ratio is 19.38 and Fwd P/E is 19.23. Profit margin for the company is 29.52%. Distance from 52-week low is 27.56% and -5.43% from its 52-week high. The company has generated returns on investments over the last 12 months (4.41%).
The EPS is expected to grow by 6.80% this year
The shares outstanding are 273.30M, and float is at 272.92M with Short Float at 2.22%.
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 2,342 shares of the company’s common stock on Jul 01 ’24 at a price of $37.43 per share for a total of $87661.0. Following the sale, the insider now owns 53391.0 shares.
Essential Utilities Inc disclosed in a document filed with the SEC on May 01 ’24 that RUBIN ROBERT A (Chief Accounting Officer) sold a total of 2,023 shares of the company’s common stock. The trade occurred on May 01 ’24 and was made at $36.56 per share for $73961.0. Following the transaction, the insider now directly holds 13358.0 shares of the WTRG stock.
Still, SEC filings show that on Apr 01 ’24, RUBIN ROBERT A (Chief Accounting Officer) disposed off 5,565 shares at an average price of $37.21 for $0.21 million. The insider now directly holds 57,756 shares of Essential Utilities Inc (WTRG).