Essential Utilities (NYSE:WTRG – Get Free Report) is projected to post its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect Essential Utilities to post earnings of $0.66 per share and revenue of $698.77 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Essential Utilities Stock Performance
Shares of WTRG stock opened at $35.66 on Wednesday. The company has a market cap of $9.79 billion, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 2.53 and a beta of 0.86. Essential Utilities has a 52 week low of $33.18 and a 52 week high of $41.78. The company has a quick ratio of 0.39, a current ratio of 0.55 and a debt-to-equity ratio of 1.17. The firm has a 50 day moving average of $35.77 and a 200-day moving average of $38.02.
Essential Utilities Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be given a dividend of $0.3255 per share. This represents a $1.30 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend is Monday, February 10th. Essential Utilities’s dividend payout ratio (DPR) is 65.00%.
Analysts Set New Price Targets
Several analysts have recently commented on the stock. Jefferies Financial Group raised shares of Essential Utilities from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Tuesday, January 28th. Wells Fargo & Company downgraded shares of Essential Utilities from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $43.00 to $39.00 in a research report on Tuesday, January 7th. UBS Group reduced their price target on shares of Essential Utilities from $45.00 to $42.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, Robert W. Baird lifted their price target on shares of Essential Utilities from $45.00 to $46.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.00.
Read Our Latest Stock Analysis on Essential Utilities
About Essential Utilities
Essential Utilities, Inc, through its subsidiaries, operates regulated utilities that provide water, wastewater, or natural gas services in the United States. The company operates through Regulated Water and Regulated Natural Gas segments. It offers water services through operating and maintenance contract with municipal authorities and other parties.
Further Reading
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