A new trading day began on Friday, with Essential Utilities Inc (NYSE: WTRG) stock price up 0.50% from the previous day of trading, before settling in for the closing price of $36.18. WTRG’s price has ranged from $33.57 to $41.78 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Utilities sector saw sales topped by 22.11%. Meanwhile, its annual earnings per share averaged 5.31%. With a float of $274.02 million, this company’s outstanding shares have now reached $274.61 million.
The extent of productivity of a business whose workforce counts for 3258 workers is very important to gauge. In terms of profitability, gross margin is 45.47%, operating margin of 35.95%, and the pretax margin is 26.63%.
Essential Utilities Inc (WTRG) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Utilities – Regulated Water Industry. The insider ownership of Essential Utilities Inc is 0.22%, while institutional ownership is 77.83%. 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
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.76 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 5.31% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.00% 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
Here are Essential Utilities Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.39. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.12.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.99, a number that is poised to hit 0.67 in the next quarter and is forecasted to reach 2.12 in one year’s time.
Technical Analysis of Essential Utilities Inc (WTRG)
The latest stats from [Essential Utilities Inc, WTRG] show that its last 5-days average volume of 2.4 million was superior to 1.53 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 7.60%. Additionally, its Average True Range was 0.74.
During the past 100 days, Essential Utilities Inc’s (WTRG) raw stochastic average was set at 7.67%, which indicates a significant decrease from 9.87% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.03% in the past 14 days, which was higher than the 18.96% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $39.16, while its 200-day Moving Average is $38.31. Now, the first resistance to watch is $36.61. This is followed by the second major resistance level at $36.86. The third major resistance level sits at $37.14. If the price goes on to break the first support level at $36.08, it is likely to go to the next support level at $35.80. Assuming the price breaks the second support level, the third support level stands at $35.55.
Essential Utilities Inc (NYSE: WTRG) Key Stats
With a market capitalization of 10.03 billion, the company has a total of 274,611K Shares Outstanding. Currently, annual sales are 2,054 M while annual income is 498,230 K. The company’s previous quarter sales were 435,260 K while its latest quarter income was 69,400 K.