Essential Utilities Inc. $WTRG Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC grew its stake in shares of Essential Utilities Inc. (NYSE:WTRGFree Report) by 15.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 242,414 shares of the company’s stock after acquiring an additional 33,346 shares during the period. Natixis Advisors LLC’s holdings in Essential Utilities were worth $9,299,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC purchased a new stake in Essential Utilities during the fourth quarter worth about $638,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Essential Utilities by 7.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,861 shares of the company’s stock valued at $508,000 after buying an additional 928 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Essential Utilities by 1.8% in the first quarter. NewEdge Advisors LLC now owns 29,674 shares of the company’s stock valued at $1,173,000 after buying an additional 530 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Essential Utilities by 122.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 943,797 shares of the company’s stock valued at $37,308,000 after acquiring an additional 519,933 shares during the period. Finally, Focus Partners Wealth lifted its position in shares of Essential Utilities by 4.9% during the 1st quarter. Focus Partners Wealth now owns 22,322 shares of the company’s stock valued at $882,000 after acquiring an additional 1,044 shares during the period. 74.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WTRG. UBS Group upgraded Essential Utilities from a “neutral” rating to a “buy” rating and upped their price target for the stock from $41.00 to $43.00 in a report on Friday, May 29th. Argus upgraded Essential Utilities to a “strong-buy” rating in a research report on Monday, March 23rd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Essential Utilities in a report on Friday, May 22nd. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $42.80.

Read Our Latest Stock Analysis on Essential Utilities

Essential Utilities Stock Up 0.1%

Shares of NYSE WTRG opened at $37.40 on Monday. The firm has a market cap of $10.61 billion, a P/E ratio of 18.99 and a beta of 0.66. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.84 and a current ratio of 0.95. Essential Utilities Inc. has a 1 year low of $36.10 and a 1 year high of $42.37. The firm’s 50 day moving average price is $38.64 and its 200 day moving average price is $38.90.

Essential Utilities (NYSE:WTRGGet Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.07). Essential Utilities had a net margin of 21.82% and a return on equity of 8.34%. The business had revenue of $861.76 million during the quarter, compared to analyst estimates of $782.90 million. During the same quarter last year, the firm posted $1.03 earnings per share. The company’s revenue was up 10.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Essential Utilities Inc. will post 2.22 earnings per share for the current year.

Essential Utilities Profile

(Free Report)

Essential Utilities, Inc, formerly known as Aqua America, is a publicly traded water and natural gas utility holding company. Through its regulated water and wastewater subsidiaries, the company provides essential water services to residential, commercial and industrial customers. In addition, Essential Utilities delivers natural gas distribution services in Pennsylvania through its Peoples Gas subsidiary, offering integrated utility solutions under a unified corporate framework.

The company traces its roots to the Philadelphia Suburban Water Company, founded in 1886 to serve growing communities outside Philadelphia.

See Also

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Institutional Ownership by Quarter for Essential Utilities (NYSE:WTRG)

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