On Tuesday, Essential Utilities Inc (NYSE: WTRG) opened lower -0.05% from the last session, before settling in for the closing price of $37.09. Price fluctuations for WTRG have ranged from $32.07 to $43.26 over the past 52 weeks.
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A company in the Utilities sector has jumped its sales by 22.11% annually for the last half of the decade. Company’s average yearly earnings per share was noted 6.80% at the time writing. With a float of $272.91 million, this company’s outstanding shares have now reached $273.30 million.
In an organization with 3258 employees, it is important to assess its efficiency.
Essential Utilities Inc (WTRG) Insider Updates
A key investor’s attitude towards the stock of the Utilities – Regulated Water industry is another important factor to consider. The insider ownership of Essential Utilities Inc is 0.22%, while institutional ownership is 79.77%. The most recent insider transaction that took place on Jul 01 ’24, was worth 87,661. In this transaction Chief Accounting Officer of this company sold 2,342 shares at a rate of $37.43, taking the stock ownership to the 53,391 shares. Before that another transaction happened on May 01 ’24, when Company’s Chief Accounting Officer sold 2,023 for $36.56, making the entire transaction worth $73,961. This insider now owns 13,358 shares in total.
Essential Utilities Inc (WTRG) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 6.80% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.20% during the next five years compared to 11.58% growth over the previous five years of trading.
Essential Utilities Inc (NYSE: WTRG) Trading Performance Indicators
Check out the current performance indicators for Essential Utilities Inc (WTRG). In the past quarter, the stock posted a quick ratio of 0.52. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.23.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.11, a number that is poised to hit 0.35 in the next quarter and is forecasted to reach 2.13 in one year’s time.
Technical Analysis of Essential Utilities Inc (WTRG)
Let’s dig in a bit further. During the last 5-days, its volume was 1.1 million. That was inferior than the volume of 1.62 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 40.94%. Additionally, its Average True Range was 0.62.
During the past 100 days, Essential Utilities Inc’s (WTRG) raw stochastic average was set at 56.36%, which indicates a significant increase from 35.44% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 11.29% in the past 14 days, which was lower than the 21.70% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $37.58, while its 200-day Moving Average is $36.09. However, in the short run, Essential Utilities Inc’s stock first resistance to watch stands at $37.27. Second resistance stands at $37.48. The third major resistance level sits at $37.59. If the price goes on to break the first support level at $36.95, it is likely to go to the next support level at $36.84. Assuming the price breaks the second support level, the third support level stands at $36.63.
Essential Utilities Inc (NYSE: WTRG) Key Stats
There are currently 273,524K shares outstanding in the company with a market cap of 10.14 billion. Presently, the company’s annual sales total 2,054 M according to its annual income of 498,230 K. Last quarter, the company’s sales amounted to 612,070 K and its income totaled 265,770 K.
