Thursday, December 3, 2020

Essential Utilities Inc. [WTRG] Stock trading around $44.67 per share: What’s Next?

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Essential Utilities Inc. [NYSE: WTRG] gained 1.59% on the last trading session, reaching $44.67 price per share at the time. Essential Utilities Inc. represents 245.04 million in outstanding shares, while the company has a total market value of $10.84 billion with the latest information. WTRG stock price has been found in the range of $42.621 to $45.26.

If compared to the average trading volume of 1.20M shares, WTRG reached a trading volume of 1606371 in the most recent trading day, which is why market watchdogs consider the stock to be active.


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Here is what top equities market gurus are saying about Essential Utilities Inc. [WTRG]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WTRG shares is $48.20 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WTRG stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Seaport Global Securities have made an estimate for Essential Utilities Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 20, 2020. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price to Outperform. The new note on the price target was released on April 24, 2020, representing the official price target for Essential Utilities Inc. stock. Previously, the target price had yet another raise to $45, while Goldman analysts kept a Neutral rating on WTRG stock.

The Average True Range (ATR) for Essential Utilities Inc. is set at 1.51, with the Price to Sales ratio for WTRG stock in the period of the last 12 months amounting to 11.48. The Price to Book ratio for the last quarter was 2.29, with the Price to Cash per share for the same quarter was set at 0.13.

Trading performance analysis for WTRG stock

Essential Utilities Inc. [WTRG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.16. With this latest performance, WTRG shares gained by 13.61% in over the last four-week period, additionally sinking by -1.00% over the last 6 months – not to mention a rise of 7.43% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WTRG stock in for the last two-week period is set at 56.15, with the RSI for the last a single of trading hit 55.75, and the three-weeks RSI is set at 54.65 for Essential Utilities Inc. [WTRG]. The present Moving Average for the last 50 days of trading for this stock 42.36, while it was recorded at 44.79 for the last single week of trading, and 44.89 for the last 200 days.

Essential Utilities Inc. [WTRG]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Essential Utilities Inc. [WTRG] shares currently have an operating margin of +40.76 and a Gross Margin at +47.50. Essential Utilities Inc.’s Net Margin is presently recorded at +25.24.

Return on Total Capital for WTRG is now 6.28, given the latest momentum, and Return on Invested Capital for the company is 3.99. Return on Equity for this stock inclined to 7.62, with Return on Assets sitting at 2.72. When it comes to the capital structure of this company, Essential Utilities Inc. [WTRG] has a Total Debt to Total Equity ratio set at 79.83. Additionally, WTRG Total Debt to Total Capital is recorded at 44.39, with Total Debt to Total Assets ending up at 32.76. Long-Term Debt to Equity for the company is recorded at 76.14, with the Long-Term Debt to Total Capital now at 42.34.

Reflecting on the efficiency of the workforce at the company, Essential Utilities Inc. [WTRG] managed to generate an average of $141,846 per employee. Receivables Turnover for the company is 8.52 with a Total Asset Turnover recorded at a value of 0.11.Essential Utilities Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.40.

Essential Utilities Inc. [WTRG]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Essential Utilities Inc. posted 0.37/share EPS, while the average EPS was predicted by analysts to be reported at 0.36/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 2.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WTRG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Essential Utilities Inc. go to 6.40%.

An analysis of insider ownership at Essential Utilities Inc. [WTRG]

There are presently around $7,270 million, or 69.80% of WTRG stock, in the hands of institutional investors. The top three institutional holders of WTRG stocks are: VANGUARD GROUP INC with ownership of 23,928,704, which is approximately 2.641% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 22,039,682 shares of the stock with an approximate value of $969.09 million in WTRG stocks shares; and CANADA PENSION PLAN INVESTMENT BOARD, currently with $952.44 million in WTRG stock with ownership of nearly New of the company’s market capitalization.

Positions in Essential Utilities Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 258 institutional holders increased their position in Essential Utilities Inc. [NYSE:WTRG] by around 30,465,421 shares. Additionally, 310 investors decreased positions by around 16,239,941 shares, while 122 investors held positions by with 118,630,919 shares. The mentioned changes placed institutional holdings at 165,336,281 shares, according to the latest SEC report filing. WTRG stock had 87 new institutional investments in for a total of 24,977,776 shares, while 104 institutional investors sold positions of 8,818,969 shares during the same period.

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