Essential Utilities Inc. (NYSE:WTRG) traded today at a new 52-week high of $51.70. So far today approximately 342,000 shares have been exchanged, as compared to an average 30-day volume of 905,000 shares.
Over the past year, Essential Utilities Inc. has traded in a range of $41.11 to $51.70 and is now at $51.37, 25% above that low.
Essential Utilities Inc. (NYSE:WTRG) is currently priced 31.8% above its average consensus analyst price target of $35.06.
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.
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