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The closing price of Essential Utilities Inc (NYSE: WTRG) was $40.64 for the day, down -1.05% from the previous closing price of $41.07. In other words, the price has decreased by -$1.05 from its previous closing price. On the day, 1.2 million shares were traded. WTRG stock price reached its highest trading level at $41.47 during the session, while it also had its lowest trading level at $40.46.
Ratios:
Our analysis of WTRG’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.52 and its Current Ratio is at 0.62. In the meantime, Its Debt-to-Equity ratio is 1.16 whereas as Long-Term Debt/Eq ratio is at 1.13.
On September 28, 2023, Northcoast Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $42.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jul 01 ’24 when RUBIN ROBERT A sold 2,342 shares for $37.43 per share. The transaction valued at 87,661 led to the insider holds 53,391 shares of the business.
RUBIN ROBERT A sold 2,023 shares of WTRG for $73,961 on May 01 ’24. The Chief Accounting Officer now owns 13,358 shares after completing the transaction at $36.56 per share. On Apr 01 ’24, another insider, RUBIN ROBERT A, who serves as the Chief Accounting Officer of the company, sold 5,565 shares for $37.21 each. As a result, the insider received 207,074 and left with 57,756 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WTRG now has a Market Capitalization of 11233627136 and an Enterprise Value of 18135025664. As of this moment, Essential’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.26, and their Forward P/E ratio for the next fiscal year is 19.10. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.70. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.73 while its Price-to-Book (P/B) ratio in mrq is 1.83. Its current Enterprise Value per Revenue stands at 9.351 whereas that against EBITDA is 17.266.
Stock Price History:
Over the past 52 weeks, WTRG has reached a high of $43.26, while it has fallen to a 52-week low of $32.07. The 50-Day Moving Average of the stock is 6.37%, while the 200-Day Moving Average is calculated to be 11.61%.
Shares Statistics:
WTRG traded an average of 1.29M shares per day over the past three months and 1348170 shares per day over the past ten days. A total of 273.30M shares are outstanding, with a floating share count of 272.92M. Insiders hold about 0.22% of the company’s shares, while institutions hold 81.36% stake in the company. Shares short for WTRG as of 1721001600 were 6210444 with a Short Ratio of 4.82, compared to 1718323200 on 7285605. Therefore, it implies a Short% of Shares Outstanding of 6210444 and a Short% of Float of 2.87.
Dividends & Splits
With its trailing 12-month dividend rate of 1.208, WTRG has a forward annual dividend rate of 1.23. Against a Trailing Annual Dividend Yield of 0.029413195The stock’s 5-year Average Dividend Yield is 2.44.
