With 1.53 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.72 million shares. During the session, the Utilities – Regulated Water company that operates in wider Utilities sector, reached to the highest price of $37.68 whereas the lowest price it dropped to was $37.02. The 52-week range on WTRG shows that it touched its highest point at $43.74 and its lowest point at $32.07 during that stretch. It currently has a 1-year price target of $43.99. With its current market cap of 10.31 billion, WTRG has annualized dividend of $1.21 while the current yield stands at 3.21%. WTRG paid its most recent dividend on 1707350400, while the ex-dividend date for that was 1715212800. Beta for the stock currently stands at 0.83.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WTRG was up-trending over the past week, with a rise of 3.04%, but this was up by 4.58% over a month. Three-month performance surged to 2.92% while six-month performance rose 12.61%. The stock lost -10.88% in the past year, while it has gained 0.88% so far this year. A look at the trailing 12-month EPS for WTRG yields 1.86 with Next year EPS estimates of 2.12. For the next quarter, that number is 0.36. This implies an EPS growth rate of 6.68% for this year and 6.63% for next year. EPS is expected to grow by 5.20% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 11.58%.
Float and Shares Shorts:
At present, 273.30 million WTRG shares are outstanding with a float of 272.93 million shares on hand for trading. On 2024-04-15, short shares totaled 5.37 million, which was 196.0 higher than short shares on 1710460800. In addition to Mr. Christopher H. Franklin as the firm’s Chairman, President & CEO, Mr. Daniel J. Schuller Ph.D. serves as its Executive VP & CFO.
Institutional Ownership:
Through their ownership of 0.81038004 of WTRG’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2023-12-31, WTRG reported revenue of $479419000.0 and operating income of $173973000.0. The EBITDA in the recently reported quarter was $263460000.0 and diluted EPS was $nan.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WTRG since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
