Market Summary
USD43.65+0.61
Market Closed1.42%
WTRG Stock Price
WTRG RSI Chart
WTRG Valuation
WTRG Price/Sales (Trailing)
WTRG Profitability
WTRG Fundamentals
WTRG Revenue
WTRG Earnings
Price Action
52 Week Range
38.2552.09
(Low)(High)
Last 7 days
5.1%
Last 30 days
0.6%
Last 90 days
-9.8%
Trailing 12 Months
-15.7%
WTRG Financial Health
WTRG Investor Care
Peers (Alternatives to Essential Utilities)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
NEE | 153.2B | 21.0B | 7.83% | -9.01% | 36.93 | 7.31 | 22.77% | 16.06% |
SO | 75.3B | 29.3B | 9.51% | -1.99% | 21.96 | 2.57 | 26.68% | 48.46% |
DUK | 74.3B | 28.8B | 2.02% | -10.34% | 30.26 | 2.58 | 16.84% | -31.41% |
AWK | 26.7B | 3.8B | 3.93% | -10.85% | 32.51 | 7.03 | -3.51% | -35.08% |
NI | 11.5B | 5.9B | 1.49% | -9.68% | 14.33 | 1.97 | 19.41% | 37.48% |
WTRG | 11.4B | 2.3B | 0.61% | -15.69% | 24.6 | 5 | 21.82% | 7.79% |
| MID-CAP | ||||||||
PNW | 9.0B | 4.3B | 7.34% | 5.51% | 17.91 | 2.07 | 13.68% | -21.25% |
NRG | 7.9B | 31.5B | 2.01% | -9.64% | 6.45 | 0.25 | 16.87% | -44.17% |
AWR | 3.3B | 491.5M | -1.65% | -0.64% | 41.91 | 6.68 | -1.47% | -16.91% |
CWT | 3.2B | 846.4M | 0.61% | -2.70% | 33.7 | 3.82 | 7.02% | -5.06% |
SJW | 2.3B | 620.7M | -0.85% | 10.33% | 31.26 | 3.72 | 8.19% | 22.07% |
| SMALL-CAP | ||||||||
MSEX | 1.4B | 162.4M | 1.58% | -25.57% | 32.47 | 8.48 | 13.48% | 16.11% |
GWRS | 291.7M | 44.7M | -5.91% | -23.76% | 52.98 | 6.52 | 6.71% | 52.56% |
PCYO | 226.7M | 5.4M | 5.78% | -22.36% | 27.43 | 42.29 | -73.29% | -61.25% |
CDZI | 205.2M | 1.1M | -1.21% | 87.61% | -8.62 | 192.14 | 90.04% | 28.68% |
Financials for Essential Utilities
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 8.0% | 2,288 | 2,118 | 2,046 | 1,994 | 1,878 |
| EBITDA | 2.5% | 1,002 | 977 | 940 | 926 | - |
| EBITDA Margin | -5.1% | 0.44* | 0.46* | 1.37* | 0.46* | - |
| Earnings Before Taxes | 5.0% | 443 | 421 | 416 | 422 | - |
| EBT Margin | -7.4% | 0.19* | 0.21* | 0.61* | 0.21* | - |
| Interest Expenses | 7.2% | 238 | 222 | 214 | 211 | 208 |
| Net Income | -0.3% | 465 | 467 | 449 | 447 | 432 |
| Net Income Margin | -7.7% | 0.20* | 0.22* | 0.65* | 0.22* | - |
| Free Cahsflow | -0.3% | 600 | 602 | 648 | 700 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 2.9% | 15,719 | 15,280 | 15,046 | 14,877 | 14,658 |
| Current Assets | 21.6% | 658 | 541 | 413 | 444 | 438 |
| Cash Equivalents | -51.2% | 11.00 | 23.00 | 13.00 | 58.00 | 11.00 |
| Net PPE | 2.3% | 11,131 | 10,876 | 10,592 | 10,395 | 10,252 |
| Goodwill | 0% | 2,341 | 2,341 | 2,341 | 2,341 | 2,341 |
| Current Liabilities | 20.5% | 1,022 | 848 | 544 | 678 | 675 |
| Long Term Debt | - | 3,062 | - | - | - | - |
| LT Debt, Current | 33.0% | 199 | 150 | 121 | 132 | 132 |
| LT Debt, Non Current | 3.2% | 6,371 | 6,174 | 6,088 | 5,872 | 5,780 |
| Shareholder's Equity | 0.6% | 5,377 | 5,343 | 5,342 | 5,255 | 5,184 |
| Retained Earnings | -2.3% | 1,534 | 1,571 | 1,577 | 1,498 | 1,434 |
| Additional Paid-In Capital | 1.9% | 3,793 | 3,724 | 3,716 | 3,714 | 3,706 |
| Accumulated Depreciation | 0.5% | 2,606 | 2,592 | 2,519 | 2,442 | 2,359 |
| Shares Outstanding | 0.0% | 262 | 262 | 262 | - | - |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | -0.3% | 600 | 602 | 648 | 700 | 645 |
| Share Based Compensation | 12.0% | 12.00 | 11.00 | 10.00 | 10.00 | 10.00 |
| Cashflow From Investing | -0.9% | -1,178 | -1,168 | -1,126 | -1,111 | -1,056 |
| Cashflow From Financing | -0.2% | 579 | 580 | 483 | 452 | 417 |
| Dividend Payments | 2.7% | 289 | 281 | 274 | 265 | 259 |
| Buy Backs | 12.5% | 1.00 | 1.00 | 1.00 | 1.00 | 3.00 |
Risks for WTRG
What is the probability of a big loss on WTRG?
35.8%
Probability that Essential Utilities stock will be more than 20% underwater in next one year
18.5%
Probability that Essential Utilities stock will be more than 30% underwater in next one year.
0%
Probability that Essential Utilities stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does WTRG drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Essential Utilities was unfortunately bought at previous high price.
Drawdowns
Returns for WTRG
Cumulative Returns on WTRG
8.0%
10-Year Cumulative Returns
6.8%
7-Year Cumulative Returns
7.1%
5-Year Cumulative Returns
2.1%
3-Year Cumulative Returns
What are the long-term rolling returns for WTRG?
FIve years rolling returns for Essential Utilities.
Annualized Returns
Which funds bought or sold WTRG recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-23 | MetLife Investment Management, LLC | reduced | -1.88 | 834,062 | 7,165,660 | 0.06% |
2023-03-17 | American Portfolios Advisors | reduced | -14.99 | -38,595 | 127,207 | -% |
2023-03-15 | B. Riley Wealth Advisors, Inc. | new | - | 333,491 | 333,491 | 0.01% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 9.04 | 3,401,250 | 16,598,300 | 0.02% |
2023-03-06 | Rockefeller Capital Management L.P. | reduced | -40.2 | -273,000 | 609,000 | -% |
2023-03-03 | TIAA, FSB | reduced | -0.39 | 67,696 | 524,696 | -% |
2023-03-02 | OLIVER LAGORE VANVALIN INVESTMENT GROUP | sold off | -100 | -4,000 | - | -% |
2023-03-02 | LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA | new | - | 66,822 | 66,822 | -% |
2023-02-28 | Voya Investment Management LLC | reduced | -0.67 | 238,739 | 1,874,740 | -% |
2023-02-27 | CASCADE INVESTMENT GROUP, INC. | new | - | 471,572 | 471,572 | 0.49% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Essential Utilities News
Schedule 13G FIlings of Essential Utilities
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 10.22% | 26,801,670 | SC 13G/A | |
| Feb 06, 2023 | state street corp | 5.64% | 14,797,801 | SC 13G/A | |
| Jan 26, 2023 | blackrock inc. | 11.3% | 29,552,454 | SC 13G/A | |
| Jan 20, 2023 | blackrock inc. | 11.3% | 29,552,454 | SC 13G/A | |
| Feb 11, 2022 | state street corp | 5.11% | 12,918,178 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 9.68% | 24,453,443 | SC 13G/A | |
| Jan 27, 2022 | blackrock inc. | 10.6% | 26,705,089 | SC 13G/A | |
| Jan 25, 2022 | blackrock inc. | 10.6% | 26,705,089 | SC 13G/A | |
| Apr 12, 2021 | blackrock inc. | 10.1% | 24,703,277 | SC 13G/A | |
| Feb 12, 2021 | state street corp | 4.34% | 10,655,404 | SC 13G/A |
WTRG Fair Value
Essential Utilities fair value in different scenarios
The table shows the Fair Value estimates for Essential Utilities for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | - - | - - | - - | - - | - - |
| Current Inflation | 22.89 -47.56% | 27.44 -37.14% | 51.43 17.82% | 137.60 215.23% | 212.25 386.25% |
| Very High Inflation | - - | - - | - - | - - | - - |
Historical Essential Utilities Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Essential Utilities
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 22, 2023 | DEFA14A | DEFA14A | |
| Mar 22, 2023 | DEFA14A | DEFA14A | |
| Mar 22, 2023 | 4 | Insider Trading | |
| Mar 22, 2023 | 4 | Insider Trading | |
| Mar 22, 2023 | 4 | Insider Trading | |
| Mar 22, 2023 | 4 | Insider Trading | |
| Mar 22, 2023 | 4 | Insider Trading | |
| Mar 22, 2023 | 4 | Insider Trading | |
| Mar 22, 2023 | 4 | Insider Trading | |
| Mar 20, 2023 | ARS | ARS |
Latest Insider Trading transactions for WTRG
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-20 | Hilferty Daniel J III | acquired | 30,021 | 42.765 | 702 | - |
2023-03-20 | Lewis Wilbert Bryan | acquired | 30,021 | 42.765 | 702 | - |
2023-03-20 | Amato Elizabeth B | acquired | 30,021 | 42.765 | 702 | - |
2023-03-20 | STEWART LEE C | acquired | 30,021 | 42.765 | 702 | - |
2023-03-20 | Ruff Ellen T | acquired | 30,021 | 42.765 | 702 | - |
2023-03-20 | WOMACK CHRISTOPHER C | acquired | 30,021 | 42.765 | 702 | - |
2023-03-20 | Ciesinski David Alan | acquired | 30,021 | 42.765 | 702 | - |
2023-03-08 | Franklin Chris | bought | 1,515,870 | 40.7 | 37,245 | chief executive officer |
2023-02-26 | Huwar Michael | acquired | - | - | 5,214 | president |
2023-02-26 | Arnold Colleen | sold (taxes) | -101,656 | 44.43 | -2,288 | president |
Essential Utilities, Inc., through its subsidiaries, operates regulated utilities that provide water, wastewater, or natural gas services in the United States. It offers water services through operating and maintenance contract with municipal authorities and other parties. The company also provides non-utility raw water supply services for firms in the natural gas drilling industry; and water and sewer line protection solutions, and repair services to households through a third-party. It serves approximately 7.5 million residential water, commercial water, fire protection, industrial water, wastewater, and other water and utility customers in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana, Virginia, West Virginia, and Kentucky under the Aqua and Peoples brands. The company was formerly known as Aqua America, Inc. and changed its name to Essential Utilities, Inc. in February 2020. Essential Utilities, Inc. was founded in 1886 and is headquartered in Bryn Mawr, Pennsylvania.
WTRG Income Statement
2022-12-31Consolidated Statements Of Operations And Comprehensive Income - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Consolidated Statements Of Operations And Comprehensive Income [Abstract] | |||
| Operating revenues | $ 2,288,032 | $ 1,878,144 | $ 1,462,698 |
| Operating expenses: | |||
| Operations and maintenance | 613,649 | 550,580 | 528,611 |
| Purchased gas | 601,995 | 340,262 | 165,745 |
| Depreciation | 315,811 | 292,191 | 251,443 |
| Amortization | 5,366 | 5,761 | 5,616 |
| Taxes other than income taxes | 90,024 | 86,641 | 76,597 |
| Total operating expenses | 1,626,845 | 1,275,435 | 1,028,012 |
| Operating income | 661,187 | 602,709 | 434,686 |
| Other expense (income): | |||
| Interest expense | 238,116 | 207,709 | 188,435 |
| Interest income | (3,675) | (2,384) | (5,363) |
| Allowance for funds used during construction | (23,665) | (20,792) | (12,687) |
| Gain on sale of other assets | (991) | (976) | (661) |
| Equity loss in joint venture | 3,374 | ||
| Other | 494 | (2,848) | (3,383) |
| Income before income taxes | 450,908 | 422,000 | 264,971 |
| Income tax benefit | (14,329) | (9,612) | (19,878) |
| Net income | 465,237 | 431,612 | 284,849 |
| Comprehensive income | $ 465,237 | $ 431,612 | $ 284,849 |
| Net income per common share: | |||
| Basic | $ 1.77 | $ 1.68 | $ 1.14 |
| Diluted | $ 1.77 | $ 1.67 | $ 1.12 |
| Average common shares outstanding during the period: | |||
| Basic | 262,246 | 257,487 | 249,768 |
| Diluted | 262,868 | 258,180 | 254,629 |
WTRG Balance Sheet
2022-12-31Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Assets | ||
| Property, plant and equipment, at cost | $ 13,737,387 | $ 12,610,376 |
| Less: accumulated depreciation | 2,606,441 | 2,358,510 |
| Net property, plant and equipment | 11,130,946 | 10,251,866 |
| Current assets: | ||
| Cash and cash equivalents | 11,398 | 10,567 |
| Accounts receivable, net | 206,324 | 141,025 |
| Unbilled revenues | 170,504 | 119,896 |
| Inventory - materials and supplies | 46,592 | 33,756 |
| Inventory - gas stored | 153,143 | 75,804 |
| Current assets held for sale | 11,167 | |
| Prepayments and other current assets | 39,759 | 36,597 |
| Regulatory assets | 19,272 | 20,150 |
| Total current assets | 658,159 | 437,795 |
| Regulatory assets | 1,342,753 | 1,429,840 |
| Deferred charges and other assets, net | 166,653 | 141,955 |
| Funds restricted for construction activity | 1,342 | 1,313 |
| Goodwill | 2,340,792 | 2,340,815 |
| Non-current assets held for sale | 32,124 | |
| Operating lease right-of-use assets | 41,734 | 48,930 |
| Intangible assets | 4,604 | 5,764 |
| Total assets | 15,719,107 | 14,658,278 |
| Essential Utilities stockholders' equity: | ||
| Common stock at $0.50 par value, authorized 600,000,000 shares, issued 266,973,321 and 256,102,388 as of December 31, 2022 and December 31, 2021 | 133,486 | 128,050 |
| Capital in excess of par value | 3,793,262 | 3,705,814 |
| Retained earnings | 1,534,331 | 1,434,201 |
| Treasury stock, at cost, 3,236,237 and 3,234,765 shares as of December 31, 2022 and December 31, 2021 | (83,693) | (83,615) |
| Total stockholders' equity | 5,377,386 | 5,184,450 |
| Long-term debt, excluding current portion | 6,418,039 | 5,815,211 |
| Less: debt issuance costs | 46,982 | 35,707 |
| Long-term debt, excluding current portion, net of debt issuance costs | 6,371,057 | 5,779,504 |
| Commitments and contingencies (See Note 9) | ||
| Current liabilities: | ||
| Current portion of long-term debt | 199,356 | 132,146 |
| Loans payable | 228,500 | 65,000 |
| Accounts payable | 238,843 | 192,932 |
| Book overdraft | 28,694 | 81,722 |
| Accrued interest | 47,063 | 40,815 |
| Accrued taxes | 34,393 | 37,924 |
| Liabilities related to assets held for sale | 3,263 | |
| Regulatory liabilities | 35,276 | 384 |
| Dividends payable | 75,808 | |
| Other accrued liabilities | 130,673 | 124,140 |
| Total current liabilities | 1,021,869 | 675,063 |
| Deferred credits and other liabilities: | ||
| Deferred income taxes and investment tax credits | 1,345,766 | 1,406,537 |
| Customers' advances for construction | 114,732 | 103,619 |
| Regulatory liabilities | 778,754 | 769,617 |
| Asset retirement obligations | 843 | 1,256 |
| Operating lease liabilities | 37,666 | 48,230 |
| Non-current liabilities related to assets held for sale | 974 | |
| Pension and other postretirement benefit liabilities | 31,244 | 50,226 |
| Other | 28,562 | 43,666 |
| Total deferred credits and other liabilities | 2,338,541 | 2,423,151 |
| Contributions in aid of construction | 610,254 | 596,110 |
| Total liabilities and equity | $ 15,719,107 | $ 14,658,278 |