Essential Utilities Inc. (NYSE:WTRG) traded today at a new 52-week high of $49.05. So far today approximately 256,000 shares have been exchanged, as compared to an average 30-day volume of 740,000 shares.
In the past 52 weeks, Essential Utilities Inc. share prices are bracketed by a low of $38.28 and a high of $49.05 and is now at $48.45, 27% above that low price.
Essential Utilities Inc. (NYSE:WTRG) defies analysts with a current price ($48.45) 31.1% above its average consensus price target of $33.38.
Essential Utilities Inc is a holding company for regulated utilities providing water or wastewater services to states in the Midwest, East, and South. Aqua America’s services include operating and maintenance contracts with municipal authorities, water repair services, and building water systems. The company derives the majority of its revenue from Pennsylvania, where it is headquartered. The firm derives the majority of its revenue from water services and secondarily from wastewater services. Aqua America has a diversified customer base, deriving most of its revenue from residential customers. The company also sells to commercial, fire protection, industrial, and wastewater customers.
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