Essential Utilities Inc (NYSE:WTRG) shares, rose in value on Friday, December 13, with the stock price down by -1.00% to the previous day’s close as strong demand from buyers drove the stock to $38.69.
Actively observing the price movement in the last trading, the stock closed the session at $39.08, falling within a range of $38.495 and $38.88. The value of beta (5-year monthly) was 0.836 whereas the PE ratio was 19.40 over 12-month period. Referring to stock’s 52-week performance, its high was $41.78, and the low was $33.57. On the whole, WTRG has fluctuated by 0.42% over the past month.
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With the market capitalization of Essential Utilities Inc currently standing at about $10.62 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 1.27, with its dividend yield at 3.27%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.17B, with a low estimate of 538.7M and a high estimate of 858.83M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 698.77M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WTRG’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 25% Buy while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 3.23, with the price of WTRG currently trading nearly -1.58% and -1.54% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.03, while the 7-day volatility ratio is showing 1.66% which for the 30-day chart, stands at 1.50%. Furthermore, Essential Utilities Inc (WTRG)’s beta value is 0.84, and its average true range (ATR) is 0.67.
A comparison of Essential Utilities Inc (WTRG) with its peers suggests the former has fared considerably weaker in the market. WTRG showed an intraday change of -1.00% in last session, and over the past year, it grew by 4.26%%.
Data on historical trading for Essential Utilities Inc (NYSE:WTRG) indicates that the trading volumes over the past 10 days have averaged 1.13 and over the past 3 months, they’ve averaged 1.44 million. According to company’s latest data on outstanding shares, there are 274.61 million shares outstanding.
Nearly 0.22% of Essential Utilities Inc’s shares belong to company insiders and institutional investors own 77.83% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.47 million shares as on 2024-11-29, resulting in a short ratio of 2.92. According to the data, the short interest in Essential Utilities Inc (WTRG) stood at 205.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 4.0 million. The stock has risen by 3.59% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WTRG stock heading into the next quarter.
