Essential UtilitiesWTRG
About: Essential Utilities is a Pennsylvania-based holding company for us water, wastewater, and natural gas distribution utilities. The company's water business serves 3 million people in eight states. Its largest service territory is in Pennsylvania, primarily suburban Philadelphia. Its Peoples subsidiary serves more than 740,000 gas distribution customers in Pennsylvania and Kentucky. Essential also owns nonregulated market-based water and energy services businesses.
Employees: 3,258
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
2.43% more ownership
Funds ownership: 76.41% [Q3] → 78.84% (+2.43%) [Q4]
5% more first-time investments, than exits
New positions opened: 67 | Existing positions closed: 64
2% less capital invested
Capital invested by funds: $8.01B [Q3] → $7.86B (-$146M) [Q4]
4% less funds holding
Funds holding: 618 [Q3] → 594 (-24) [Q4]
27% less repeat investments, than reductions
Existing positions increased: 177 | Existing positions reduced: 243
47% less call options, than puts
Call options by funds: $1.49M | Put options by funds: $2.8M
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Jefferies Julien Dumoulin-Smith 55% 1-year accuracy 87 / 158 met price target | 12%upside $41 | Buy Upgraded | 28 Jan 2025 |
UBS Gregg Orrill 17% 1-year accuracy 1 / 6 met price target | 15%upside $42 | Buy Maintained | 14 Jan 2025 |
Wells Fargo Jonathan Reeder 60% 1-year accuracy 9 / 15 met price target | 7%upside $39 | Equal-Weight Downgraded | 7 Jan 2025 |
Financial journalist opinion
Based on 6 articles about WTRG published over the past 30 days
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