Essential Utilities Inc (NYSE: WTRG) is -7.10% lower on its value in year-to-date trading and has touched a low of $33.57 and a high of $41.78 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 $34.08 in the last trading session, with the day’s loss setting it -0.34%.
Currently trading at $33.74, the stock is -7.16% and -11.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.17 million and changing -1.00% at the moment leaves the stock -11.86% off its SMA200. WTRG registered -12.73% loss for a year compared to 6-month loss of -16.55%. The firm has a 50-day simple moving average (SMA 50) of $38.1836 and a 200-day simple moving average (SMA200) of $38.289.
The stock witnessed a -13.66% gain in the last 1 month and extending the period to 3 months gives it a -12.25%, and is -6.69% 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 2.23% over the week and 1.89% over the month.
Essential Utilities Inc (WTRG) has around 3258 employees, a market worth around $9.27B and $1.96B in sales. Current P/E ratio is 16.92 and Fwd P/E is 15.97. Profit margin for the company is 27.84%. Distance from 52-week low is 0.51% and -19.24% from its 52-week high. The company has generated returns on investments over the last 12 months (4.06%).
with sales reaching $698.77M over the same period.The EPS is expected to grow by 5.04% this year, but quarterly earnings will post 5.88% year-over-year. Quarterly sales are estimated to grow 45.75% in year-over-year returns.
Essential Utilities Inc (WTRG) Top Institutional Holders
892.0 institutions hold shares in Essential Utilities Inc (WTRG), with institutional investors hold 82.11% of the company’s shares. The shares outstanding are 274.61M, and float is at 274.02M with Short Float at 2.16%. Institutions hold 81.96% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 30.83 million shares valued at $1.15 billion. The investor’s holdings represent 11.2767% of the WTRG Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 27.82 million shares valued at $1.04 billion to account for 10.177 of the shares outstanding. The other top investors are CANADA PENSION PLAN INVESTMENT BOARD which holds 21.66 million shares representing 7.9235% and valued at over $808.61 million, while T. ROWE PRICE INVESTMENT MANAGEMENT, INC. holds 5.2474 of the shares totaling 14.35 million with a market value of $535.51 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 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).
