Essential Utilities, Inc. (NYSE:WTRG) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Essential Utilities, Inc. (NYSE:WTRGGet Free Report) have received a consensus recommendation of “Buy” from the five analysts that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $43.00.

Separately, Robert W. Baird decreased their price target on Essential Utilities from $44.00 to $43.00 and set an “outperform” rating for the company in a report on Monday, May 6th.

Get Our Latest Report on Essential Utilities

Insider Buying and Selling at Essential Utilities

In other news, CAO Robert A. Rubin sold 2,023 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $36.56, for a total transaction of $73,960.88. Following the completion of the transaction, the chief accounting officer now directly owns 13,358 shares in the company, valued at approximately $488,368.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CAO Robert A. Rubin sold 2,023 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $36.56, for a total value of $73,960.88. Following the sale, the chief accounting officer now owns 13,358 shares in the company, valued at approximately $488,368.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Robert A. Rubin sold 2,342 shares of Essential Utilities stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $37.43, for a total value of $87,661.06. Following the completion of the transaction, the chief accounting officer now owns 53,391 shares of the company’s stock, valued at $1,998,425.13. The disclosure for this sale can be found here. 0.21% of the stock is owned by insiders.

Institutional Investors Weigh In On Essential Utilities

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bare Financial Services Inc bought a new stake in Essential Utilities during the fourth quarter valued at $25,000. Tradewinds Capital Management LLC boosted its holdings in shares of Essential Utilities by 857.5% in the 1st quarter. Tradewinds Capital Management LLC now owns 699 shares of the company’s stock valued at $26,000 after buying an additional 626 shares during the period. Massmutual Trust Co. FSB ADV grew its position in shares of Essential Utilities by 604.0% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 711 shares of the company’s stock valued at $27,000 after buying an additional 610 shares during the last quarter. Lindbrook Capital LLC grew its position in shares of Essential Utilities by 78.9% during the 4th quarter. Lindbrook Capital LLC now owns 737 shares of the company’s stock valued at $28,000 after buying an additional 325 shares during the last quarter. Finally, Valley National Advisers Inc. raised its stake in Essential Utilities by 4,210.0% during the fourth quarter. Valley National Advisers Inc. now owns 862 shares of the company’s stock worth $32,000 after acquiring an additional 842 shares during the period. 74.78% of the stock is owned by institutional investors and hedge funds.

Essential Utilities Stock Performance

Shares of WTRG stock opened at $37.49 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.52 and a debt-to-equity ratio of 1.13. The company has a market cap of $10.25 billion, a PE ratio of 17.77, a P/E/G ratio of 3.24 and a beta of 0.83. The company’s fifty day simple moving average is $37.66 and its 200-day simple moving average is $36.75. Essential Utilities has a 52 week low of $32.07 and a 52 week high of $43.26.

Essential Utilities (NYSE:WTRGGet Free Report) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.03). Essential Utilities had a net margin of 29.52% and a return on equity of 8.62%. The company had revenue of $612.07 million during the quarter, compared to analysts’ expectations of $747.44 million. As a group, equities research analysts anticipate that Essential Utilities will post 1.97 EPS for the current year.

Essential Utilities Company Profile

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Essential Utilities, Inc, through its subsidiaries, operates regulated utilities that provide water, wastewater, or natural gas services in the United States. The company operates through Regulated Water and Regulated Natural Gas segments. It offers water services through operating and maintenance contract with municipal authorities and other parties.

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Analyst Recommendations for Essential Utilities (NYSE:WTRG)

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