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.