Essential Utilities, Inc. (NYSE:WTRG) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. lowered its position in Essential Utilities, Inc. (NYSE:WTRGFree Report) by 5.8% during the 3rd quarter, Holdings reports. The firm owned 18,836 shares of the company’s stock after selling 1,166 shares during the quarter. D.A. Davidson & CO.’s holdings in Essential Utilities were worth $647,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in WTRG. PSI Advisors LLC acquired a new position in shares of Essential Utilities during the third quarter valued at approximately $31,000. IFP Advisors Inc raised its holdings in shares of Essential Utilities by 112.6% during the 2nd quarter. IFP Advisors Inc now owns 863 shares of the company’s stock valued at $34,000 after purchasing an additional 457 shares in the last quarter. Quent Capital LLC raised its holdings in Essential Utilities by 155.4% in the 3rd quarter. Quent Capital LLC now owns 1,042 shares of the company’s stock worth $36,000 after acquiring an additional 634 shares during the period. Quarry LP bought a new position in Essential Utilities in the 2nd quarter worth $36,000. Finally, 1832 Asset Management L.P. bought a new position in Essential Utilities in the 1st quarter worth $38,000. Institutional investors and hedge funds own 73.01% of the company’s stock.

Wall Street Analysts Forecast Growth

WTRG has been the topic of several recent research reports. lowered shares of Essential Utilities from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Edward Jones raised shares of Essential Utilities from a “hold” rating to a “buy” rating in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to data from MarketBeat, Essential Utilities has a consensus rating of “Moderate Buy” and a consensus price target of $48.25.

Check Out Our Latest Stock Report on WTRG

Essential Utilities Price Performance

Shares of NYSE:WTRG opened at $35.90 on Tuesday. The firm has a market capitalization of $9.81 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 3.07 and a beta of 0.83. The stock’s 50 day moving average is $36.83 and its 200-day moving average is $36.29. Essential Utilities, Inc. has a twelve month low of $32.07 and a twelve month high of $46.37. The company has a quick ratio of 0.31, a current ratio of 0.46 and a debt-to-equity ratio of 1.09.

Essential Utilities Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 9th will be paid a dividend of $0.307 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $1.23 annualized dividend and a dividend yield of 3.42%. Essential Utilities’s payout ratio is 68.33%.

Essential Utilities Company Profile

(Free Report)

Essential Utilities, Inc, through its subsidiaries, operates regulated utilities that provide water, wastewater, or natural gas services in the United States. The company operates through Regulated Water and Regulated Natural Gas segments. It offers water services through operating and maintenance contract with municipal authorities and other parties.

See Also

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Institutional Ownership by Quarter for Essential Utilities (NYSE:WTRG)

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