Essential Utilities Inc. (WTRG): Why insiders taking interest in this stock

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Essential Utilities Inc. (NYSE:WTRG) changes shares on Monday trading session, with a change of -0.07% or -$0.03 shares. The trading starts at $42.00 and closed at $42.01 throughout the day. The trading session low price was $41.42 and day high was $42.42 on Monday, June 22. After the session, the Utilities sector daily volume shifted to 1.59 million while its average volume is 1.21M. In other hand, the WTRG market cap reached to $10.68B. While, its current target price is $41.98 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -6.02% and up 2.32% for month. Its quarterly performance was 28.58% above, while its half year performance is down -8.98%. WTRG yearly performance stood at positive 0.07% and fall -10.57% for year-to-date. Current recommendation for Essential Utilities Inc. is 2.20.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. WTRG EPS (TTM) for 12-month is 1.08. EPS for this year is -5.90%, while for the next year its value is 1.66. Sales growth for the current quarter is 6.06 while its EPS Q/Q reached 114.20%. It has an EPS of -3.40% down for past five years and for the next five years will be up 6.40%.

Let’s take a look on the analyst recommendations on WTRG for the current month and previous month. For the current month, 5 of 12 analysts recommend stock as Buy while 0 as Sell, 1 as overweight, 0 as underweight and 6 as Hold. As compared with the previous month ratings, 11 analysts participate in stock recommendation. Out of 11, 0 rated it sell, 5 rated it as Buy and 5 as Hold Ratings. On the other hand, target price ranges from $42.00-$70.00. Average target price for WTRG was reached at $48.60.

The insider ownership moved to 0.20% and institutional holding shifted to 69.80%.

The company posted an EPS (TTM) of 1.08. According to the most recent quarter report on (Jun 2020), 4 analysts estimated an average EPS of 0.21, while 0.37 EPS posted a year ago period. Analyst Estimated EPS for WTRG published in the report was 0.17-0.23 during the same period. Comparing with last year, the average estimated EPS was 0.37 which is lower than 0.6 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for WTRG fall -6.42% for period of 200 days. SMA for 50 days was -1.32% which is showing red signal, while SMA-20 was -4.34%. The moving average value for Essential Utilities Inc. (WTRG) is 44.21 and 42.39 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in WTRG stock. On Jun 04, Rhodes Matthew, EVP, Strategy & Corp Dev, sold 3,000 trading shares at the cost of $45.55, which valued at 0.14 million.