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In the world of dividend growth stocks, water utilities often stand out as shining stars. Essential Utilities' path to 5% to 7% long-term annual adjusted diluted EPS growth remains intact. The water utility targets a conservative debt-to-capital ratio and enjoys a high interest coverage ratio.
When a bear market occurs, it's not impossible to find places to preserve or even grow wealth in the stock market. Some companies naturally have aspects of their business that allow them to perform well when it feels like all the market wants to do is fall.
Essential Utilities' (WTRG) second-quarter earnings are lower than estimates due to the impact of weather. The company expects acquisitions and organic initiatives to continue to expand operations.
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.
PITTSBURGH--(BUSINESS WIRE)--An innovative demonstration project that will attempt to create zero-emission hydrogen energy at the scale needed for widespread adoption is now underway in Western Pennsylvania. Peoples, an Essential Utilities company, leads the pilot with support from Pittsburgh-based energy technology start-up company H Quest and the University of Pittsburgh's Swanson School of Engineering. The testing is one of multiple ways Essential and Peoples are working to be leaders in hyd.
BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Inc. (WTRG) proudly announces its inclusion on USA Today's prestigious list of America's Climate Leaders for the second consecutive year. Compiled by USA Today and Statista, the list identifies U.S. companies demonstrating the most substantial reductions in greenhouse gas (GHG) emissions over a two-year period. This recognition highlights Essential's significant progress in reductions achieved between 2020 and 2022, and follows the company be.