WTRG Stock Recent News

Essential Utilities (WTRG) reported earnings 30 days ago. What's next for the stock?

Essential Utilities, Inc. (NYSE:WTRG ) Q3 2023 Earnings Conference Call November 7, 2023 11:00 AM ET Company Participants Brian Dingerdissen - Vice President, Investor Relations & Treasurer Chris Franklin - Chairman & Chief Executive Officer Dan Schuller - Executive Vice President & Chief Financial Officer Conference Call Participants Julien Dumoulin-Smith - Bank of America Durgesh Chopra - Evercore Gregg Orrill - UBS Jonathan Reeder - Wells Fargo Ryan Connors - Northcoast Research Operator Good day, and welcome to today's Essential Utilities Third Quarter 2023 Earnings Call. This meeting is being recorded.

Essential Utilities (WTRG) continues to expand its operations through acquisitions and organic means. Its systematic investments are further strengthening its infrastructure.

Essential Utilities stock has declined 30% and is currently trading at a 10-year low price-to-earnings ratio. The company has a wide business moat and is on a reliable growth trajectory. Analysts expect 7-8% growth in earnings per share, and the stock has a potential upside of 45% when interest rates normalize.

When properly weighted, water and gas utilities like Essential Utilities can fit perfectly into a dividend growth stock portfolio. Thanks to its low payout ratio, Essential Utilities' status as a Dividend Aristocrat is at minimal risk of ending anytime soon. Essential Utilities boasts an excellent balance sheet, which is why it enjoys an A credit rating from S&P.

Long-term interest rates are soaring at their fastest rate in a quarter century. Rate-sensitive sectors are crashing like during the pandemic. Utilities are in their 4th worst bear market in 25 years. They have gone from 20% overvalued to 20% undervalued as a sector. Most utilities will be able to recoup higher rates via higher rates within 12 to 24 months. This is the best buying opportunity for utilities in years.

BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Inc. (NYSE: WTRG) expects to report earnings for the quarter ended September 30, 2023 following market close on Nov. 6, 2023. The company's conference call with financial analysts will take place on Tuesday, Nov. 7, 2023, at 11 a.m. Eastern Standard Time. The call and presentation will be webcast live so interested parties may listen over the internet by logging on to Essential.co and following the link for Investors. The conference call will.

Essential Utilities' (WTRG) subsidiary, Aqua Pennsylvania, continues to expand its operations through systematic acquisitions.

Essential Utilities (WTRG) completes its previously announced sale of natural gas utility assets in West Virginia to Hope Gas. WTRG is set to focus on the states where it has larger gas operations.

2023 has been one heck of a year. The S&P 500 is close to all-time highs. The Fed raised interest rates in July, as the economy is still on fire. The retirement accounts brought in a total dividend income amount of $379.48 or 22% of the dividend income total, similar to last month. Dividend increases created $42.95 in additional passive dividend income.