Essential UtilitiesWTRG
About: Essential Utilities is a Pennsylvania-based holding company for us water, wastewater, and natural gas distribution utilities. The company's water business serves 3 million people in eight states. Nearly three fourths of its water earnings come from Pennsylvania, primarily suburban Philadelphia. Its Peoples subsidiary serves more than 740,000 gas distribution customers in Pennsylvania and Kentucky. Essential exited its noncore competitive water and energy services businesses.
Employees: 3,258
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
19% more first-time investments, than exits
New positions opened: 63 | Existing positions closed: 53
2% more funds holding
Funds holding: 582 [Q1] → 592 (+10) [Q2]
1% more capital invested
Capital invested by funds: $7.94B [Q1] → $8.01B (+$70.3M) [Q2]
0.04% more ownership
Funds ownership: 78.42% [Q1] → 78.46% (+0.04%) [Q2]
1% less repeat investments, than reductions
Existing positions increased: 211 | Existing positions reduced: 213
33% less call options, than puts
Call options by funds: $2.41M | Put options by funds: $3.59M
100% less funds holding in top 10
Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Jefferies Julien Dumoulin-Smith 63% 1-year accuracy 40 / 64 met price target | 9%upside $44 | Buy Initiated | 7 Oct 2024 |
B of A Securities Ross Fowler 83% 1-year accuracy 10 / 12 met price target | 12%upside $45 | Buy Reinstated | 20 Sept 2024 |
Evercore ISI Group Durgesh Chopra 100% 1-year accuracy 18 / 18 met price target | 12%upside $45 | Outperform Maintained | 8 Aug 2024 |
Baird Ben Kallo 79% 1-year accuracy 15 / 19 met price target | 12%upside $45 | Outperform Maintained | 7 Aug 2024 |
Wells Fargo Jonathan Reeder 50% 1-year accuracy 4 / 8 met price target | 12%upside $45 | Overweight Maintained | 31 Jul 2024 |
Financial journalist opinion
Based on 3 articles about WTRG published over the past 30 days