Essential Utilities (WTRG) News & Sentiment

Essential Utilities stock is considered a "Buy" because of its smart purchases of smaller utility companies that are having trouble with new PFAS rules. The company's emphasis on reducing PFAS and a $7.8 billion investment plan set WTRG up for future growth and meeting regulations. Even though it didn't meet earnings per share (EPS) predictions, WTRG's solid financial performance and successful rate agreements in Pennsylvania back its goal of 5-7% annual EPS growth.

Essential Utilities, Inc. (NYSE:WTRG) will hold its Q4 2024 Earnings Conference Call on February 27, 2025, at 11:00 AM ET. The call will feature company leaders Dan Schuller, the Executive Vice President and Chief Financial Officer, and Chris Franklin, the Chairman and Chief Executive Officer. Participants from various research firms, including Ryan Connors from North Coast Research, Durgesh Chopra from Evercore ISI, and Travis Miller from Morningstar, will also join the call.

BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Inc. (NYSE: WTRG) has announced its financial results for the fourth quarter and the entire year ending December 31, 2024. The company reported a net income of $184.8 million, or $0.67 per share, for the fourth quarter of 2024, which is a 34% increase from $0.50 per share in the same quarter of 2023. For the full year of 2024, Essential's net income was $595.3 million, or $2.17 per share, up 17% from $1.86 in the previous year.

BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities, Inc. (NYSE: WTRG) has announced that its Aqua Pennsylvania subsidiary has completed the $18 million acquisition of the Greenville Sanitary Authority's wastewater system in Mercer County, PA. This system provides services to Greenville Borough, Hempfield, and West Salem Townships. The sale was approved by the Pennsylvania Public Utility Commission (PUC) on December 12, 2024, marking the first transaction approved since recent improvements were made by the PUC.

BRYN MAWR, Pa.--(BUSINESS WIRE)--For the fourth year in a row, Essential Utilities, a major provider of water, wastewater, and natural gas in the U.S., has been named one of America's Most Responsible Companies by Newsweek. This recognition highlights Essential's commitment to implementing important environmental and social practices in their business. "At Essential Utilities, we feel a strong responsibility towards our customers, communities, and the environment," the company stated.

Lee Samaha (3M): Although 3M has a dividend yield of 2.2%, it isn't as attractive as it once was. Still, investors are likely not too concerned since the stock increased by 42% in 2024 after several years of poor performance.

Essential Utilities (WTRG) is currently considered to be oversold, which means the intense selling might be coming to an end. Additionally, there is a strong consensus among Wall Street analysts to increase earnings forecasts, which could result in a change in the stock's direction.

BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Inc. (NYSE: WTRG) has successfully completed its fourth annual Fall for Food Banks campaign. This initiative involved employees from nine states working together to fight hunger and help their local communities. Through food drives, volunteer activities, and donations, employees from Essential, Aqua, and Peoples made a notable impact on reducing food insecurity.

BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Inc. (NYSE: WTRG) is excited to mark the 50th anniversary of the Safe Drinking Water Act, an important law that helps keep public health safe. To celebrate this achievement, Essential, through its water utility Aqua, is enhancing its commitment to maintaining water quality. "For the last fifty years, the Safe Drinking Water Act has been essential for ensuring safe drinking water," stated Christopher Franklin, chairman and CEO of Essential Utilities.