Essential Utilities, Inc. (WTRG)

NYSE: WTRG · IEX Real-Time Price · USD
34.41
+0.52 (1.55%)
Apr 17, 2024, 1:40 PM EDT - Market open
1.55%
Market Cap 9.41B
Revenue (ttm) 2.05B
Net Income (ttm) 498.23M
Shares Out 273.52M
EPS (ttm) 1.86
PE Ratio 18.32
Forward PE 16.85
Dividend $1.23 (3.57%)
Ex-Dividend Date May 9, 2024
Volume 601,346
Open 33.99
Previous Close 33.88
Day's Range 33.97 - 34.49
52-Week Range 32.07 - 44.05
Beta 0.81
Analysts Strong Buy
Price Target 44.75 (+30.07%)
Earnings Date May 2, 2024

About WTRG

Essential Utilities, Inc., through its subsidiaries, operates regulated utilities that provide water, wastewater, or natural gas services in the United States. The company operates through Regulated Water and Regulated Natural Gas segments. It offers water services through operating and maintenance contract with municipal authorities and other parties. In addition, the company provides utility service line protection solutions and repair services to households. It serves approximately 5.5 million residential water, commercial water, fire protec... [Read more]

Sector Utilities
Founded 1901
Employees 3,258
Stock Exchange NYSE
Ticker Symbol WTRG
Full Company Profile

Financial Performance

In 2023, WTRG's revenue was $2.05 billion, a decrease of -10.24% compared to the previous year's $2.29 billion. Earnings were $498.23 million, an increase of 7.09%.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for WTRG stock is "Strong Buy." The 12-month stock price forecast is $44.75, which is an increase of 30.07% from the latest price.

Price Target
$44.75
(30.07% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Essential Utilities Launches Third Annual Earth Day Celebration

BRYN MAWR, Pa.--(BUSINESS WIRE)-- #EssentialEarthDay--Essential Utilities launches its third annual Essential Earth Day celebration, supporting its mission to protect Earth's essential resources.

7 hours ago - Business Wire

Essential Utilities Releases Comment on EPA Promulgation of PFAS Maximum Contaminant Level

BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Chairman and CEO Christopher Franklin shared the following comments today: “Today the U.S. Environmental Protection Agency announced the final regu...

7 days ago - Business Wire

Essential Utilities and Employees Team Up for $800,000 Donation to United Way

BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities announces results of 2023-2024 Employee Giving Campaign with the United Way.

12 days ago - Business Wire

Wall Street's Most Accurate Analysts Say Buy These 3 Utilities Stocks With Over 3% Dividend Yields - Sempra (NYSE:SRE), NextEra Energy (NYSE:NEE)

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...

Other symbols: NEESRE
13 days ago - Benzinga

Essential Utilities Urges You to Spring Into Safety This Season

BRYN MAWR, Pa.--(BUSINESS WIRE)--April is National Safe Digging Month and Peoples Natural Gas, an Essential Utilities, Inc., company, urges everyone to Call 811 at least three business days before dig...

14 days ago - Business Wire

Essential Utilities to Report Earnings for Q1 2024

BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Inc. (NYSE: WTRG) expects to report earnings for the quarter ended March 31, 2024, following market close on May 2, 2024. The company's conference ...

23 days ago - Business Wire

Essential Utilities Reports Financial Results for Full-Year 2023 and Announces Guidance

BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Inc. (NYSE: WTRG) today reported results for the fourth quarter and year ended December 31, 2023. Essential's net income of $498.2 million or $1.86...

7 weeks ago - Business Wire

Essential Declares June 2024 Dividend

BRYN MAWR, Pa.--(BUSINESS WIRE)--The board of directors of Essential Utilities Inc. (NYSE: WTRG) today declared a quarterly cash dividend of $0.3071 per share, payable June 1, 2024, to all shareholder...

2 months ago - Business Wire

Essential Utilities to Report Earnings for Full-Year 2023

BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Inc. (NYSE: WTRG) expects to report earnings for the quarter and 2023 year end, and announce guidance, following market close on Feb. 22, 2024. The...

2 months ago - Business Wire

Cordia Announces Financial Close on Three Energy Systems from Essential Utilities in Allegheny County

PHOENIX , Jan. 30, 2024 /PRNewswire/ -- Cordia, a leading provider of safe, reliable, and sustainable energy solutions, today announced the financial closing on the three microgrids and district energ...

2 months ago - PRNewsWire

Essential Utilities Completes Sale of Allegheny County Microgrid and District Energy Projects to Cordia

PITTSBURGH--(BUSINESS WIRE)--Essential Utilities, Inc. (NYSE: WTRG) today closed the sale of its three non-utility microgrid and district energy properties in Allegheny County to Cordia, a sustainabil...

2 months ago - Business Wire

Essential Utilities Recognized on Newsweek's Most Responsible Companies List for Third Consecutive Year

BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities today announced that it has been named to Newsweek's list of America's Most Responsible Companies 2024. This marks the third consecutive year that ...

3 months ago - Business Wire

20 midcap stocks with 2024 upside ranging up to 62%, according to analysts

When investors think about whether to increase their exposure beyond the big companies that grab most of the headlines in the financial media, they are likely to look at small-cap stocks first. After ...

4 months ago - Market Watch

Essential Utilities' Aqua Pennsylvania Donates $20,000 to Chester County Food Bank as a Part of Its Fall for Food Banks Initiative

BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities today announced that its Essential Foundation made a $20,000 donation to the Chester County Food Bank as a part of the company's Fall for Food Bank...

4 months ago - Business Wire

Peoples Natural Gas Warms Hearts, Homes Through Support of Local Holiday Events and Community Organizations

BRYN MAWR, Pa.--(BUSINESS WIRE)--With winter on its way and the holiday season in high gear, Peoples employees throughout Western Pennsylvania have an added focus beyond providing safe, reliable natur...

4 months ago - Business Wire

Essential Declares March 2024 Dividend

BRYN MAWR, Pa.--(BUSINESS WIRE)--The board of directors of Essential Utilities Inc. (NYSE: WTRG) today declared a quarterly cash dividend of $0.3071 per share, payable March 1, 2024, to all shareholde...

4 months ago - Business Wire

Essential Utilities Reports Financial Results for Q3 2023

BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Inc. (NYSE: WTRG) today reported results for the third quarter ended September 30, 2023. “We are pleased with the strong execution and financial pe...

5 months ago - Business Wire

Essential Utilities Announces Election of Roderick K. West to Board of Directors

BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Inc. (NYSE: WTRG) announces the election of Rod West to the Essential board of directors. He will serve on the following committees: Corporate Gove...

Other symbols: ETR
6 months ago - Business Wire

Essential Declares December 2023 Dividend

BRYN MAWR, Pa.--(BUSINESS WIRE)--The board of directors of Essential Utilities Inc. (NYSE: WTRG) today declared a quarterly cash dividend of $0.3071 per share, payable December 1, 2023, to all shareho...

6 months ago - Business Wire

Essential Utilities Recognized as Champion of Board Diversity by The Forum of Executive Women

BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities is honored as a Champion of Board Diversity by The Forum of Executive Women for the fifth year since 2016.

6 months ago - Business Wire

Essential Utilities to Report Earnings for Q3 2023

BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Inc. (NYSE: WTRG) expects to report earnings for the quarter ended September 30, 2023 following market close on Nov. 6, 2023. The company's confere...

6 months ago - Business Wire

Essential Utilities' Aqua Pennsylvania Agrees to Purchase Greenville Water System for $18 Million

BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities' Aqua Pennsylvania Agrees to Purchase Greenville Water System for $18 Million.

7 months ago - Business Wire

Essential Utilities Announces Sale of Allegheny County Microgrid and District Energy Projects to Cordia

PITTSBURGH--(BUSINESS WIRE)--Essential Utilities, Inc. (NYSE: WTRG) today announced a binding agreement to sell its three non-utility microgrid and district energy properties in Allegheny County to Co...

7 months ago - Business Wire

Cordia Acquiring Three Cutting-Edge Energy Systems from Essential Utilities in Allegheny County

Cordia to Expand Footprint in Pittsburgh with $165 Million Deal to Acquire Three Energy Systems from Essential Utilities that Strategically Supports Cordia's Growth in the Region. PHOENIX , Oct. 3, 20...

7 months ago - PRNewsWire

HOPE GAS CLOSES ACQUISITION OF PEOPLES GAS WV AND WELCOMES 13,000 NEW CUSTOMERS

Morgantown, WV, Oct. 02, 2023 (GLOBE NEWSWIRE) -- MORGANTOWN, WV. (October 2, 2023) – Hope Gas today announced that it closed the acquisition of Peoples Gas WV with Essential Utilities (NYSE: WTRG). T...

7 months ago - GlobeNewsWire