Essential Utilities Inc. (NYSE:WTRG) traded at a new 52-week high today of $51.42. This new high was reached on below average trading volume as 186,000 shares traded hands, while the average 30-day volume is approximately 669,000 shares.
Essential Utilities is a Pennsylvania-based holding company for U.S. water, wastewater, and natural gas distribution utilities. The company’s water business serves 3 million people in eight states. Nearly three fourths of its water earnings come from Pennsylvania, primarily suburban Philadelphia. It also has a small market-based water business that provides water and water services to third parties, notably natural gas producers. Its $4.3 billion Peoples Gas acquisition that closed in March 2020 adds 750,000 gas distribution customers in Pennsylvania, West Virginia, and Kentucky.
Essential Utilities Inc. (NYSE:WTRG) defies analysts with a current price ($50.98) 31.5% above its average consensus price target of $34.94.
Essential Utilities Inc. share prices have moved between a 52-week high of $51.42 and a 52-week low of $38.28 and are now trading 33% above that low price at $50.98 per share.
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