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In the latest session, Essential Utilities Inc (NYSE: WTRG) closed at $39.47 up 0.03% from its previous closing price of $39.46. In other words, the price has increased by $0.03 from its previous closing price. On the day, 1.86 million shares were traded. WTRG stock price reached its highest trading level at $39.69 during the session, while it also had its lowest trading level at $38.85.
Ratios:
For a deeper understanding of Essential Utilities Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.44 and its Current Ratio is at 0.58. In the meantime, Its Debt-to-Equity ratio is 1.17 whereas as Long-Term Debt/Eq ratio is at 1.14.
On September 28, 2023, Northcoast Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $42.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 10801833984 and an Enterprise Value of 18002774016. As of this moment, Essential’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.34, and their Forward P/E ratio for the next fiscal year is 18.46. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.72. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.58 while its Price-to-Book (P/B) ratio in mrq is 1.75. Its current Enterprise Value per Revenue stands at 9.293 whereas that against EBITDA is 17.23.
Stock Price History:
The Beta on a monthly basis for WTRG is 0.84, which has changed by 0.053938627 over the last 52 weeks, in comparison to a change of 0.24822903 over the same period for the S&P500. Over the past 52 weeks, WTRG has reached a high of $41.78, while it has fallen to a 52-week low of $32.07. The 50-Day Moving Average of the stock is 1.80%, while the 200-Day Moving Average is calculated to be 7.00%.
Shares Statistics:
For the past three months, WTRG has traded an average of 1.31M shares per day and 1551610 over the past ten days. A total of 273.30M shares are outstanding, with a floating share count of 273.06M. Insiders hold about 0.22% of the company’s shares, while institutions hold 82.22% stake in the company. Shares short for WTRG as of 1722384000 were 5042697 with a Short Ratio of 3.86, compared to 1719532800 on 6046418. Therefore, it implies a Short% of Shares Outstanding of 5042697 and a Short% of Float of 2.33.
Dividends & Splits
According to the company, the forward annual dividend rate for WTRG is 1.25, from 1.228 in the trailing year. Against a Trailing Annual Dividend Yield of 0.031120123The stock’s 5-year Average Dividend Yield is 2.45. The current Payout Ratio is 63.83% for WTRG, which recently paid a dividend on 2024-08-12 with an ex-dividend date of 1723420800. Stock splits for the company last occurred on 2013-09-03 when the company split stock in a 5:4 ratio.
Earnings Estimates
Essential Utilities Inc (WTRG) is presently subject to a detailed evaluation by 5.0 analysts, each offering their unique perspectives on its market standing.The consensus estimate for the next quarter is $0.63, with high estimates of $0.67 and low estimates of $0.57.
Analysts are recommending an EPS of between $2.14 and $1.98 for the fiscal current year, implying an average EPS of $2.06. EPS for the following year is $2.14, with 7.0 analysts recommending between $2.2 and $2.1.
Revenue Estimates
A total of 2 analysts believe the company’s revenue will be $414.1M this quarter.It ranges from a high estimate of $417M to a low estimate of $411.2M. As of the current estimate, Essential Utilities Inc’s year-ago sales were $411.25MFor the next quarter, 2 analysts are estimating revenue of $532.3M. There is a high estimate of $539.6M for the next quarter, whereas the lowest estimate is $525M.
A total of 4 analysts have provided revenue estimates for WTRG’s current fiscal year. The highest revenue estimate was $2.46B, while the lowest revenue estimate was $1.99B, resulting in an average revenue estimate of $2.15B. In the same quarter a year ago, actual revenue was $2.05BBased on 4 analysts’ estimates, the company’s revenue will be $2.36B in the next fiscal year. The high estimate is $2.65B and the low estimate is $2.15B.
