Essential Utilities Inc (NYSE: WTRG) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

Essential Utilities Inc is listed on the NYSE as a member of the Utilities sector and is a part of the Utilities – Regulated Water industry. The current market capitalization of Essential Utilities Inc is $11.35B. A total of 2.04 million shares were traded on the day, compared to an average of 1.29M shares.

In the most recent transaction, RUBIN ROBERT A sold 2,342 shares of WTRG for 37.43 per share on Jul 01 ’24. After the transaction, the Chief Accounting Officer now owns 53,391 company shares. In a previous transaction on May 01 ’24, RUBIN ROBERT A sold 2,023 shares at 36.56 per share. WTRG shares that Chief Accounting Officer owns now total 13,358.

Among the insiders who sold shares, RUBIN ROBERT A disposed of 5,565 shares on Apr 01 ’24 at a per-share price of $37.21. This resulted in the Chief Accounting Officer holding 57,756 shares of WTRG after the transaction. In another insider transaction, RUBIN ROBERT A sold 3,551 shares at $36.00 per share on Mar 11 ’24. Company shares held by the Chief Accounting Officer now total 63,321.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Essential Utilities Inc pays an annual dividend of $1.23, resulting in a dividend yield of 2.96%, and it has a price to earnings (P/E) ratio of 19.66. WTRG’s most recent ex-dividend date was 8/12/2024 when it declared a $0.3255 quarterly dividend that was paid in cash on 9/3/2024. Previously, the company paid the dividend on 9/3/2024 with an ex-dividend date of 8/12/2024. The WTRG stock dividend was $0.3255 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, WTRG has a high of $41.88 and a low of $32.07.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. WTRG’s latest balance sheet shows that the firm has $10.57M in Cash & Short Term Investments as of fiscal 2021. There were $6.02B in debt and $675.06M in liabilities at the time. Its Book Value Per Share was $22.23, while its Total Shareholder’s Equity was $5.18B.

Analysts Opinion

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. 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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