The stock of Essential Utilities Inc (WTRG) has seen a -2.99% decrease in the past week, with a -1.92% drop in the past month, and a 0.92% flourish in the past quarter. The volatility ratio for the week is 1.43%, and the volatility levels for the past 30 days are at 1.59% for WTRG. The simple moving average for the past 20 days is -1.80% for WTRG’s stock, with a 2.18% simple moving average for the past 200 days.
Is It Worth Investing in Essential Utilities Inc (NYSE: WTRG) Right Now?
Essential Utilities Inc (NYSE: WTRG) has a price-to-earnings ratio of 18.76x that is above its average ratio. Additionally, the 36-month beta value for WTRG is 0.84. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 4 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for WTRG is 273.07M and currently, short sellers hold a 1.68% ratio of that float. The average trading volume of WTRG on September 24, 2024 was 1.38M shares.
WTRG) stock’s latest price update
Essential Utilities Inc (NYSE: WTRG)’s stock price has increased by 0.76 compared to its previous closing price of 38.00. However, the company has seen a -2.99% decrease in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-15 that In the world of dividend growth stocks, water utilities often stand out as shining stars. Essential Utilities’ path to 5% to 7% long-term annual adjusted diluted EPS growth remains intact. The water utility targets a conservative debt-to-capital ratio and enjoys a high interest coverage ratio.
Analysts’ Opinion of WTRG
Many brokerage firms have already submitted their reports for WTRG stocks, with BofA Securities repeating the rating for WTRG by listing it as a “Buy.” The predicted price for WTRG in the upcoming period, according to BofA Securities is $45 based on the research report published on September 20, 2024 of the current year 2024.
Northcoast gave a rating of “Buy” to WTRG, setting the target price at $42 in the report published on September 28th of the previous year.
WTRG Trading at -3.56% from the 50-Day Moving Average
After a stumble in the market that brought WTRG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.35% of loss for the given period.
Volatility was left at 1.59%, however, over the last 30 days, the volatility rate increased by 1.43%, as shares sank -2.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.29% lower at present.
During the last 5 trading sessions, WTRG fell by -2.99%, which changed the moving average for the period of 200-days by +6.87% in comparison to the 20-day moving average, which settled at $38.94. In addition, Essential Utilities Inc saw 2.52% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WTRG starting from RUBIN ROBERT A, who sale 2,342 shares at the price of $37.43 back on Jul 01 ’24. After this action, RUBIN ROBERT A now owns 53,391 shares of Essential Utilities Inc, valued at $87,661 using the latest closing price.
RUBIN ROBERT A, the Chief Accounting Officer of Essential Utilities Inc, sale 2,023 shares at $36.56 during a trade that took place back on May 01 ’24, which means that RUBIN ROBERT A is holding 13,358 shares at $73,961 based on the most recent closing price.
Stock Fundamentals for WTRG
Current profitability levels for the company are sitting at:
- 0.35 for the present operating margin
- 0.45 for the gross margin
The net margin for Essential Utilities Inc stands at 0.29. The total capital return value is set at 0.04. Equity return is now at value 9.45, with 3.34 for asset returns.
Based on Essential Utilities Inc (WTRG), the company’s capital structure generated 0.54 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 1.16. The interest coverage ratio of the stock is 2.39.
Currently, EBITDA for the company is 1.04 billion with net debt to EBITDA at 7.52. When we switch over and look at the enterprise to sales, we see a ratio of 9.12. The receivables turnover for the company is 9.02for trailing twelve months and the total asset turnover is 0.11. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.58.
Conclusion
In conclusion, Essential Utilities Inc (WTRG) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
