Essential Utilities Inc (NYSE: WTRG) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility.

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Stocks Info

Essential Utilities Inc is listed on the NYSE in the Utilities sector while operating in the Utilities – Regulated Water industry. The current market capitalization of Essential Utilities Inc is $10.18B. A total of 1.34 million shares were traded on the day, compared to an average of 1.75M shares.

In the most recent transaction, RUBIN ROBERT A sold 5,565 shares of WTRG for 37.21 per share on Apr 01 ’24. After the transaction, the Chief Accounting Officer now owns 57,756 company shares. In a previous transaction on Mar 11 ’24, RUBIN ROBERT A sold 3,551 shares at 36.00 per share. WTRG shares that Chief Accounting Officer owns now total 63,321.

Among the insiders who bought shares, Amato Elizabeth B acquired of 3,100 shares on Mar 05 ’24 at a per-share price of $35.02. This resulted in the Director holding 16,103 shares of WTRG after the transaction. In another insider transaction, RUBIN ROBERT A sold 6,350 shares at $35.60 per share on Mar 05 ’24. Company shares held by the Chief Accounting Officer now total 66,872.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Essential Utilities Inc pays an annual dividend of $1.21, resulting in a dividend yield of 3.25%, and it has a price to earnings (P/E) ratio of 19.98. WTRG’s most recent ex-dividend date was 5/9/2024 when it declared a $0.3071 quarterly dividend that was paid in cash on 6/1/2024. Previously, the company paid the dividend on 3/1/2024 with an ex-dividend date of 2/8/2024. The WTRG stock dividend was $0.3070 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, WTRG has a high of $43.74 and a low of $32.07.

As of this writing, WTRG has an earnings estimate of $0.77 per share for the current quarter. EPS was calculated based on a consensus of 7.0 estimates, with a high estimate of $0.86 per share and a lower estimate of $0.67. The company reported an EPS of $0.72 in the last quarter

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WTRG is Buy with a score of 4.67.

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