Essential Utilities Inc. (NYSE:WTRG – Get Free Report) has earned a consensus rating of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $43.80.
WTRG has been the topic of a number of recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Essential Utilities in a report on Friday, May 22nd. UBS Group upped their target price on Essential Utilities from $43.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Argus raised shares of Essential Utilities to a “strong-buy” rating in a research report on Monday, March 23rd. Barclays raised their price target on shares of Essential Utilities from $38.00 to $40.00 and gave the stock an “underweight” rating in a report on Wednesday. Finally, Wall Street Zen raised shares of Essential Utilities to a “sell” rating in a research note on Saturday, July 4th.
View Our Latest Analysis on WTRG
Institutional Trading of Essential Utilities
Essential Utilities Stock Performance
Shares of WTRG stock opened at $39.69 on Friday. The firm has a market capitalization of $11.26 billion, a price-to-earnings ratio of 20.15 and a beta of 0.65. The company has a current ratio of 0.95, a quick ratio of 0.84 and a debt-to-equity ratio of 1.21. The business’s 50-day moving average price is $37.70 and its 200-day moving average price is $38.78. Essential Utilities has a 12 month low of $36.10 and a 12 month high of $42.37.
Essential Utilities (NYSE:WTRG – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.83 earnings per share (EPS) 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 firm had revenue of $861.76 million during the quarter, compared to analyst estimates of $782.90 million. During the same period in the prior year, the company earned $1.03 EPS. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. Equities research analysts forecast that Essential Utilities will post 2.21 EPS for the current year.
Essential Utilities Company Profile
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.
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