Essential Utilities Inc (NYSE: WTRG) is -2.37% lower on its value in year-to-date trading and has touched a low of $33.18 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 $35.16 in the last trading session, with the day’s gains setting it 0.3%.
Currently trading at $35.46, the stock is 1.58% and -4.24% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.21 million and changing 0.85% at the moment leaves the stock -7.17% off its SMA200. WTRG registered -3.64% loss for a year compared to 6-month loss of -12.85%. The firm has a 50-day simple moving average (SMA 50) of $37.0858 and a 200-day simple moving average (SMA200) of $38.19205.
The stock witnessed a -2.74% gain in the last 1 month and extending the period to 3 months gives it a -9.45%, and is 5.54% 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 2.38% over the week and 2.09% over the month.
Essential Utilities Inc (WTRG) has around 3258 employees, a market worth around $9.74B and $1.96B in sales. Current P/E ratio is 17.78 and Fwd P/E is 16.77. Profit margin for the company is 27.84%. Distance from 52-week low is 6.87% and -15.13% 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 4.77% this year, but quarterly earnings will post 4.53% year-over-year. Quarterly sales are estimated to grow 45.75% in year-over-year returns.
891.0 institutions hold shares in Essential Utilities Inc (WTRG), with institutional investors hold 82.23% of the company’s shares. The shares outstanding are 274.61M, and float is at 274.02M with Short Float at 1.96%. Institutions hold 82.07% 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).
