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Essential Utilities Inc Stock Research

WTRG

43.65USD+0.61(+1.42%)Market Closed

Market Summary

USD43.65+0.61
Market Closed
1.42%

WTRG Alerts

WTRG Stock Price

WTRG RSI Chart

WTRG Valuation

Market Cap

11.4B

Price/Earnings (Trailing)

24.6

Price/Sales (Trailing)

5

EV/EBITDA

11.41

Price/Free Cashflow

19.07

WTRG Price/Sales (Trailing)

WTRG Profitability

EBT Margin

19.34%

Return on Equity

8.65%

Return on Assets

2.96%

Free Cashflow Yield

5.24%

WTRG Fundamentals

WTRG Revenue

Revenue (TTM)

2.3B

Revenue Y/Y

31.68%

Revenue Q/Q

62.3%

WTRG Earnings

Earnings (TTM)

465.2M

Earnings Y/Y

-1.35%

Earnings Q/Q

67.45%

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

Current Ratio

0.64

Debt/Equity

0.57

Debt/Cashflow

0.21

WTRG Investor Care

Dividend Yield

2.54%

Dividend/Share (TTM)

1.11

Shares Dilution (1Y)

1.33%

Diluted EPS (TTM)

1.77

Peers (Alternatives to Essential Utilities)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
153.2B
21.0B
7.83% -9.01%
36.93
7.31
22.77% 16.06%
75.3B
29.3B
9.51% -1.99%
21.96
2.57
26.68% 48.46%
74.3B
28.8B
2.02% -10.34%
30.26
2.58
16.84% -31.41%
26.7B
3.8B
3.93% -10.85%
32.51
7.03
-3.51% -35.08%
11.5B
5.9B
1.49% -9.68%
14.33
1.97
19.41% 37.48%
11.4B
2.3B
0.61% -15.69%
24.6
5
21.82% 7.79%
MID-CAP
9.0B
4.3B
7.34% 5.51%
17.91
2.07
13.68% -21.25%
7.9B
31.5B
2.01% -9.64%
6.45
0.25
16.87% -44.17%
3.3B
491.5M
-1.65% -0.64%
41.91
6.68
-1.47% -16.91%
3.2B
846.4M
0.61% -2.70%
33.7
3.82
7.02% -5.06%
2.3B
620.7M
-0.85% 10.33%
31.26
3.72
8.19% 22.07%
SMALL-CAP
1.4B
162.4M
1.58% -25.57%
32.47
8.48
13.48% 16.11%
291.7M
44.7M
-5.91% -23.76%
52.98
6.52
6.71% 52.56%
226.7M
5.4M
5.78% -22.36%
27.43
42.29
-73.29% -61.25%
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)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue8.0%2,2882,1182,0461,9941,878
EBITDA2.5%1,002977940926-
EBITDA Margin-5.1%0.44*0.46*1.37*0.46*-
Earnings Before Taxes5.0%443421416422-
EBT Margin-7.4%0.19*0.21*0.61*0.21*-
Interest Expenses7.2%238222214211208
Net Income-0.3%465467449447432
Net Income Margin-7.7%0.20*0.22*0.65*0.22*-
Free Cahsflow-0.3%600602648700-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets2.9%15,71915,28015,04614,87714,658
  Current Assets21.6%658541413444438
    Cash Equivalents-51.2%11.0023.0013.0058.0011.00
  Net PPE2.3%11,13110,87610,59210,39510,252
  Goodwill0%2,3412,3412,3412,3412,341
  Current Liabilities20.5%1,022848544678675
  Long Term Debt-3,062----
    LT Debt, Current33.0%199150121132132
    LT Debt, Non Current3.2%6,3716,1746,0885,8725,780
Shareholder's Equity0.6%5,3775,3435,3425,2555,184
  Retained Earnings-2.3%1,5341,5711,5771,4981,434
  Additional Paid-In Capital1.9%3,7933,7243,7163,7143,706
Accumulated Depreciation0.5%2,6062,5922,5192,4422,359
Shares Outstanding0.0%262262262--
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-0.3%600602648700645
  Share Based Compensation12.0%12.0011.0010.0010.0010.00
Cashflow From Investing-0.9%-1,178-1,168-1,126-1,111-1,056
Cashflow From Financing-0.2%579580483452417
  Dividend Payments2.7%289281274265259
  Buy Backs12.5%1.001.001.001.003.00

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 ascendingFund NameType% 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%

1–10 of 50

Latest Funds Activity

Are funds buying WTRG calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own WTRG
No. of Funds

Essential Utilities News

MarketWatch

American Water Works Co. stock rises Friday, still underperforms market.

MarketWatch,
6 hours ago

Marketscreener.com

Business Wire

InvestorsObserver

Schedule 13G FIlings of Essential Utilities

Date FiledName of FilerPercent of ClassNo. of SharesForm 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 ValueVery PessimisticPessimisticBase CaseOptimisticVery 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 ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Christopher H. Franklin
3210
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

2022-12-31
Consolidated 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 maintenance613,649550,580528,611
Purchased gas601,995340,262165,745
Depreciation315,811292,191251,443
Amortization5,3665,7615,616
Taxes other than income taxes90,02486,64176,597
Total operating expenses1,626,8451,275,4351,028,012
Operating income661,187602,709434,686
Other expense (income):   
Interest expense238,116207,709188,435
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
Other494(2,848)(3,383)
Income before income taxes450,908422,000264,971
Income tax benefit(14,329)(9,612)(19,878)
Net income465,237431,612284,849
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:   
Basic262,246257,487249,768
Diluted262,868258,180254,629

WTRG Balance Sheet

2022-12-31
Consolidated 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 depreciation2,606,4412,358,510
Net property, plant and equipment11,130,94610,251,866
Current assets:  
Cash and cash equivalents11,39810,567
Accounts receivable, net206,324141,025
Unbilled revenues170,504119,896
Inventory - materials and supplies46,59233,756
Inventory - gas stored153,14375,804
Current assets held for sale11,167 
Prepayments and other current assets39,75936,597
Regulatory assets19,27220,150
Total current assets658,159437,795
Regulatory assets1,342,7531,429,840
Deferred charges and other assets, net166,653141,955
Funds restricted for construction activity1,3421,313
Goodwill2,340,7922,340,815
Non-current assets held for sale32,124 
Operating lease right-of-use assets41,73448,930
Intangible assets4,6045,764
Total assets15,719,10714,658,278
Essential Utilities stockholders' equity:  
Common stock at $0.50 par value, authorized 600,000,000 shares, issued 266,973,321 and 256,102,388 as of December 31, 2022 and December 31, 2021133,486128,050
Capital in excess of par value3,793,2623,705,814
Retained earnings1,534,3311,434,201
Treasury stock, at cost, 3,236,237 and 3,234,765 shares as of December 31, 2022 and December 31, 2021(83,693)(83,615)
Total stockholders' equity5,377,3865,184,450
Long-term debt, excluding current portion6,418,0395,815,211
Less: debt issuance costs46,98235,707
Long-term debt, excluding current portion, net of debt issuance costs6,371,0575,779,504
Commitments and contingencies (See Note 9)
Current liabilities:  
Current portion of long-term debt199,356132,146
Loans payable228,50065,000
Accounts payable238,843192,932
Book overdraft28,69481,722
Accrued interest47,06340,815
Accrued taxes34,39337,924
Liabilities related to assets held for sale3,263 
Regulatory liabilities35,276384
Dividends payable75,808 
Other accrued liabilities130,673124,140
Total current liabilities1,021,869675,063
Deferred credits and other liabilities:  
Deferred income taxes and investment tax credits1,345,7661,406,537
Customers' advances for construction114,732103,619
Regulatory liabilities778,754769,617
Asset retirement obligations8431,256
Operating lease liabilities37,66648,230
Non-current liabilities related to assets held for sale974 
Pension and other postretirement benefit liabilities31,24450,226
Other28,56243,666
Total deferred credits and other liabilities2,338,5412,423,151
Contributions in aid of construction610,254596,110
Total liabilities and equity$ 15,719,107$ 14,658,278