Is There More Upside Ahead For Essential Utilities Inc (NYSE: WTRG)

Essential Utilities Inc (WTRG) concluded trading on Thursday at a closing price of $38.65, with 2.21 million shares of worth about $85.48 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 1.76% during that period and on March 27, 2025 the price saw a gain of about 0.21%. Currently the company’s common shares owned by public are about 274.82M shares, out of which, 274.18M shares are available for trading.

Stock saw a price change of -0.54% in past 5 days and over the past one month there was a price change of 3.04%. Year-to-date (YTD), WTRG shares are showing a performance of 6.42% which increased to 6.33% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $33.18 but also hit the highest price of $41.78 during that period. The average intraday trading volume for Essential Utilities Inc shares is 1.56 million. The stock is currently trading -0.81% below its 20-day simple moving average (SMA20), while that difference is up 4.74% for SMA50 and it goes to 1.12% higher than SMA200.

Essential Utilities Inc (NYSE: WTRG) currently have 274.82M outstanding shares and institutions hold larger chunk of about 80.58% of that.

The stock has a current market capitalization of $10.65B and its 3Y-monthly beta is at 0.82. PE ratio of stock for trailing 12 months is 17.81, while it has posted earnings per share of $2.17 in the same period. Its PEG reads 2.71 and has Quick Ratio of 0.40 while making debt-to-equity ratio of 1.25. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WTRG, volatility over the week remained 2.03% while standing at 2.54% over the month.

Stock’s fiscal year EPS is expected to rise by 6.36% while it is estimated to increase by 6.11% in next year. EPS is likely to shrink at an annualized rate of 6.58% for next 5-years, compared to annual growth of 15.84% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on January 28, 2025 offering a Buy rating for the stock and assigned a target price of $41 to it. Coverage by Wells Fargo stated Essential Utilities Inc (WTRG) stock as an Equal weight in their note to investors on January 07, 2025, suggesting a price target of $39 for the stock. On November 07, 2024, Jefferies Downgrade their recommendations, while on October 07, 2024, Jefferies Initiated their ratings for the stock with a price target of $44. Stock get a Buy rating from BofA Securities on September 20, 2024.

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