Essential Utilities (WTRG) came out with quarterly earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.34 per share a year ago.
Essential Utilities (WTRG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Essential Utilities (WTRG) unit, Aqua Pennsylvania, secures $77.5 million from PENNVEST. The unit plans to invest this fund in infrastructure development over the next three years.
Essential Utilities offers a dividend yield of over 3% and is priced well below its historical valuation averages. The company has shown strong profitability metrics and EPS growth over the past decade. I rate Essential Utilities a Buy based on the current share price, which may be undervalued by as much as 20%.
Essential Utilities (WTRG) makes a strong case for investment, given its expected earnings and sales growth prospects, rising demand for water and continuous investments to improve infrastructure.
Essential Utilities' (WTRG) unit Aqua files for rate hike, which will allow it to recoup investment made to upgrade its water and wastewater infrastructure.
Over the last several decades, Essential Utilities has proven itself to be one of the premier dividend growth stocks. The water utility has several pending water segment rate cases and a $7.2 billion capital spending plan for the next five years to drive growth. WTRG also enjoys an A- credit rating from S&P on a stable outlook to finance its capital spending.