Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Wednesday, June 18
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Utilities»Allspring Global Investments Holdings LLC Has $151,000 Holdings in Essential Utilities, Inc. (NYSE:WTRG)
    Utilities

    Allspring Global Investments Holdings LLC Has $151,000 Holdings in Essential Utilities, Inc. (NYSE:WTRG)

    July 21, 20245 Mins Read



    Essential Utilities logoAllspring Global Investments Holdings LLC reduced its holdings in Essential Utilities, Inc. (NYSE:WTRG – Free Report) by 24.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,064 shares of the company’s stock after selling 1,325 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Essential Utilities were worth $151,000 at the end of the most recent reporting period.

    Several other institutional investors and hedge funds have also modified their holdings of WTRG. Bare Financial Services Inc acquired a new position in Essential Utilities during the 4th quarter worth $25,000. Lindbrook Capital LLC lifted its holdings in Essential Utilities by 78.9% during the 4th quarter. Lindbrook Capital LLC now owns 737 shares of the company’s stock worth $28,000 after buying an additional 325 shares in the last quarter. Valley National Advisers Inc. lifted its holdings in Essential Utilities by 4,210.0% during the 4th quarter. Valley National Advisers Inc. now owns 862 shares of the company’s stock worth $32,000 after buying an additional 842 shares in the last quarter. Tradition Wealth Management LLC lifted its holdings in Essential Utilities by 246.0% during the 4th quarter. Tradition Wealth Management LLC now owns 955 shares of the company’s stock worth $36,000 after buying an additional 679 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in Essential Utilities during the 4th quarter worth $36,000. 74.78% of the stock is owned by institutional investors and hedge funds.

    Wall Street Analysts Forecast Growth

    Separately, Robert W. Baird reduced their price objective on Essential Utilities from $44.00 to $43.00 and set an “outperform” rating on the stock in a report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $43.00.

    Read Our Latest Report on WTRG

    Essential Utilities Stock Performance

    Shares of Essential Utilities stock opened at $40.72 on Friday. The firm has a fifty day moving average of $37.98 and a two-hundred day moving average of $36.91. The stock has a market capitalization of $11.14 billion, a price-to-earnings ratio of 19.30, a PEG ratio of 3.61 and a beta of 0.83. Essential Utilities, Inc. has a 52 week low of $32.07 and a 52 week high of $43.26. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.52 and a current ratio of 0.62.

    Essential Utilities (NYSE:WTRG – Get Free Report) last issued its earnings results on Thursday, May 2nd. The company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.03). The business had revenue of $612.07 million for the quarter, compared to the consensus estimate of $747.44 million. Essential Utilities had a net margin of 29.52% and a return on equity of 8.62%. As a group, equities research analysts predict that Essential Utilities, Inc. will post 1.97 EPS for the current year.

    Insider Activity at Essential Utilities

    In related news, CAO Robert A. Rubin sold 2,342 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $37.43, for a total value of $87,661.06. Following the completion of the sale, the chief accounting officer now owns 53,391 shares in the company, valued at approximately $1,998,425.13. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CAO Robert A. Rubin sold 2,023 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $36.56, for a total value of $73,960.88. Following the completion of the sale, the chief accounting officer now owns 13,358 shares in the company, valued at approximately $488,368.48. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Robert A. Rubin sold 2,342 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $37.43, for a total transaction of $87,661.06. Following the completion of the sale, the chief accounting officer now owns 53,391 shares of the company’s stock, valued at approximately $1,998,425.13. The disclosure for this sale can be found here. 0.21% of the stock is owned by corporate insiders.

    About Essential Utilities

    (Free Report)

    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.

    Featured Stories

    Institutional Ownership by Quarter for Essential Utilities (NYSE:WTRG)



    Receive News & Ratings for Essential Utilities Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Essential Utilities and related companies with MarketBeat.com’s FREE daily email newsletter.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleWhat a Trump presidency could mean for commodities By Investing.com
    Next Article Peter Brandt Reveals His Bearish Bitcoin (BTC) View

    Related Posts

    Utilities

    Utilities Down on Cyclical Bias — Utilities Roundup

    June 16, 2025
    Utilities

    Utilities are lining up to work with an AI-powered wildfire detection startup that just raised another $44M

    June 16, 2025
    Utilities

    More time and fewer regulations for water utilities on ‘forever chemicals’

    June 16, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Action Ganglong China Property Group Limited | Cours 6968 Bourse Hong Kong S.E.

    July 31, 2007

    les fondamentaux de l’or restent bons

    September 4, 2007

    les fondamentaux de l’or restent bons

    September 4, 2007
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Bitcoin

    Open Interest in Bitcoin Skyrockets from $2 Billion at the Dawn of a Fed Reversal

    August 23, 2024
    Property

    Changes To Trademark Non-Use Cancellations In China.

    February 19, 2025
    Bitcoin

    Le prix du bitcoin rebondit: Bulls Eye nouvelle jambe à la hausse

    June 16, 2025
    What's Hot

    On finance des pêches qui rendent malades

    May 29, 2025

    Louisiana utility commission OKs major donor’s plan to buy Entergy gas system • Louisiana Illuminator

    August 15, 2024

    Le dollar s’effondre en raison des inquiétudes budgétaires, le bitcoin poursuit sa hausse record

    May 21, 2025
    Most Popular

    OneMain Financial reports strong Q3 performance By Investing.com

    October 30, 2024

    Chesapeake Utilities (NYSE:CPK) Issues FY24 Earnings Guidance

    August 10, 2024

    La guerre commerciale pousse les Américains vers le reconditionné et fait les affaires de Back Market

    June 3, 2025
    Editor's Picks

    Les afflux de capitaux vers Bitcoin augmentent de 350 % – Le prix stagne malgré la croissance

    April 6, 2025

    Why local governments might hike incomes taxes after property tax reform

    April 28, 2025

    Bitcoin Could Witness a Capitulation Event Before Soaring Higher Next Year, According to Analyst – Here’s Why

    October 29, 2024
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.