WTRG

Jefferies Upgrades Essential Utilities (WTRG)

Fintel reports that on January 28, 2025, Jefferies upgraded their outlook for Essential Utilities (NYSE:WTRG) from Hold to Buy.

Analyst Price Forecast Suggests 30.98% Upside

As of December 23, 2024, the average one-year price target for Essential Utilities is $46.41/share. The forecasts range from a low of $40.36 to a high of $63.00. The average price target represents an increase of 30.98% from its latest reported closing price of $35.43 / share.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Essential Utilities is 2,443MM, an increase of 24.57%. The projected annual non-GAAP EPS is 2.19.

What is the Fund Sentiment?

There are 1,178 funds or institutions reporting positions in Essential Utilities. This is an increase of 28 owner(s) or 2.43% in the last quarter. Average portfolio weight of all funds dedicated to WTRG is 0.19%, an increase of 5.80%. Total shares owned by institutions increased in the last three months by 3.19% to 341,781K shares. WTRG / Essential Utilities, Inc. Put/Call Ratios The put/call ratio of WTRG is 0.74, indicating a bullish outlook.

What are Other Shareholders Doing?

WTRG / Essential Utilities, Inc. Shares Held by Institutions

Canada Pension Plan Investment Board holds 21,661K shares representing 7.89% ownership of the company. No change in the last quarter.

VGTSX - Vanguard Total International Stock Index Fund Investor Shares holds 21,462K shares representing 7.82% ownership of the company. In its prior filing, the firm reported owning 21,328K shares , representing an increase of 0.63%. The firm increased its portfolio allocation in WTRG by 8.48% over the last quarter.

GICIX - Goldman Sachs International Small Cap Insights Fund Institutional holds 14,174K shares representing 5.16% ownership of the company. In its prior filing, the firm reported owning 1,783K shares , representing an increase of 87.42%. The firm increased its portfolio allocation in WTRG by 792.17% over the last quarter.

VTMGX - Vanguard Developed Markets Index Fund Admiral Shares holds 13,093K shares representing 4.77% ownership of the company. In its prior filing, the firm reported owning 12,895K shares , representing an increase of 1.52%. The firm increased its portfolio allocation in WTRG by 9.19% over the last quarter.

Dfa Investment Trust Co - The Continental Small Company Series holds 11,131K shares representing 4.05% ownership of the company. No change in the last quarter.

Essential Utilities Background Information
(This description is provided by the company.)

Essential is one of the largest publicly traded water, wastewater and natural gas providers in the U.S., serving approximately 5 million people across 10 states under the Aqua and Peoples brands. Essential is committed to excellence in proactive infrastructure investment, regulatory expertise, operational efficiency and environmental stewardship. The company recognizes the importance water and natural gas play in everyday life and is proud to deliver safe, reliable services that contribute to the quality of life in the communities it serves.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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