Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
In the latest session, Essential Utilities Inc (NYSE: WTRG) closed at $33.61 down -3.78% from its previous closing price of $34.93. In other words, the price has decreased by -$3.78 from its previous closing price. On the day, 1.71 million shares were traded. WTRG stock price reached its highest trading level at $34.68 during the session, while it also had its lowest trading level at $33.57.
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 0.39 and its Current Ratio is at 0.55. In the meantime, Its Debt-to-Equity ratio is 1.20 whereas as Long-Term Debt/Eq ratio is at 1.17.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on January 07, 2025, Downgraded its rating to Equal Weight and sets its target price to $39 from $43 previously.
On November 07, 2024, Jefferies Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $44 to $41.
On October 07, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $44.Jefferies initiated its Buy rating on October 07, 2024, with a $44 target price.
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 9229676544 and an Enterprise Value of 16669577216. As of this moment, Essential’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.86, and their Forward P/E ratio for the next fiscal year is 15.91. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.81. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.71 while its Price-to-Book (P/B) ratio in mrq is 1.49. Its current Enterprise Value per Revenue stands at 8.5 whereas that against EBITDA is 15.599.
Stock Price History:
The Beta on a monthly basis for WTRG is 0.85, which has changed by -0.07588673 over the last 52 weeks, in comparison to a change of 0.24359846 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 $33.18. The 50-Day Moving Average of the stock is -10.47%, while the 200-Day Moving Average is calculated to be -12.06%.
Shares Statistics:
For the past three months, WTRG has traded an average of 1.42M shares per day and 1614620 over the past ten days. A total of 274.61M shares are outstanding, with a floating share count of 274.02M. Insiders hold about 0.22% of the company’s shares, while institutions hold 78.14% stake in the company. Shares short for WTRG as of 1735603200 were 5912145 with a Short Ratio of 4.16, compared to 1732838400 on 4467898. Therefore, it implies a Short% of Shares Outstanding of 5912145 and a Short% of Float of 2.71.
Dividends & Splits
According to the company, the forward annual dividend rate for WTRG is 1.27, from 1.247 in the trailing year. Against a Trailing Annual Dividend Yield of 0.03569997The stock’s 5-year Average Dividend Yield is 2.56. The current Payout Ratio is 63.83% for WTRG, which recently paid a dividend on 2024-11-12 with an ex-dividend date of 1739145600. Stock splits for the company last occurred on 2013-09-03 when the company split stock in a 5:4 ratio.
