Essential Utilities Inc. (NYSE:WTRG) traded at a new 52-week high today of $49.97. So far today approximately 74,000 shares have been exchanged, as compared to an average 30-day volume of 662,000 shares.
Essential Utilities Inc. (NYSE:WTRG) is currently priced 31.7% above its average consensus analyst price target of $33.82.
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. share prices have moved between a 52-week high of $49.97 and a 52-week low of $38.28 and are now trading 29% above that low price at $49.53 per share.
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