WTRG stock icon

Essential Utilities
WTRG

$41.32
2.48%

Market Cap: 11.3B

 

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

0
Funds holding %
of 6,702 funds
Analysts bullish %
0
News positive %
of 15 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

18% more repeat investments, than reductions

Existing positions increased: 225 | Existing positions reduced: 191

2.42% more ownership

Funds ownership: 74.76% [Q4 2023] → 77.18% (+2.42%) [Q1 2024]

2% more capital invested

Capital invested by funds: $7.63B [Q4 2023] → $7.81B (+$185M) [Q1 2024]

6% less funds holding

Funds holding: 608 [Q4 2023] → 569 (-39) [Q1 2024]

49% less first-time investments, than exits

New positions opened: 40 | Existing positions closed: 79

50% less funds holding in top 10

Funds holding in top 10: 2 [Q4 2023] → 1 (-1) [Q1 2024]

50% less call options, than puts

Call options by funds: $2.21M | Put options by funds: $4.45M

Research analyst outlook

2 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$42
2%
upside
Avg. target
$43
3%
upside
High target
$43
4%
upside

2 analyst ratings

positive
100%
neutral
0%
negative
0%
Baird
Ben Kallo
4%upside
$43
Outperform
Maintained
6 May 2024
Evercore ISI Group
Durgesh Chopra
2%upside
$42
Outperform
Maintained
4 Mar 2024

Financial journalist opinion

Based on 15 articles about WTRG published over the past 30 days