Essential Utilities, Inc., through its subsidiaries, operates regulated utilities that provide water, wastewater, or natural gas services in the United States. It offers water services through operating and maintenance contracts with municipal authorities and other parties. The company also provides non-utility raw water supply services for firms in the natural gas drilling industry; and water and sewer line protection solutions, and repair services to households through a third-party. It serves approximately 5 million residential water, commercial water, fire protection, industrial water, wastewater, and other water and utility customers in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana, Virginia, West Virginia, and Kentucky under the Aqua and Peoples brands. The company was formerly known as Aqua America, Inc. and changed its name to Essential Utilities, Inc. in February 2020. Essential Utilities, Inc. was founded in 1886 and is headquartered in Bryn Mawr, Pennsylvania.
IPO Year:
Exchange: NYSE
Website: essential.co
Date | Price Target | Rating | Analyst |
---|---|---|---|
1/28/2025 | $41.00 | Hold → Buy | Jefferies |
1/7/2025 | $43.00 → $39.00 | Overweight → Equal Weight | Wells Fargo |
11/7/2024 | $44.00 → $41.00 | Buy → Hold | Jefferies |
10/7/2024 | $44.00 | Buy | Jefferies |
9/20/2024 | $45.00 | Buy | BofA Securities |
11/3/2023 | Hold → Buy | Edward Jones | |
9/28/2023 | $42.00 | Neutral → Buy | Northcoast |
5/18/2023 | Buy → Neutral | Northcoast | |
2/6/2023 | $54.00 → $55.00 | Neutral → Buy | UBS |
9/9/2022 | $52.00 | Buy → Neutral | BofA Securities |
Jefferies upgraded Essential Utilities from Hold to Buy and set a new price target of $41.00
Wells Fargo downgraded Essential Utilities from Overweight to Equal Weight and set a new price target of $39.00 from $43.00 previously
Jefferies downgraded Essential Utilities from Buy to Hold and set a new price target of $41.00 from $44.00 previously
Jefferies initiated coverage of Essential Utilities with a rating of Buy and set a new price target of $44.00
BofA Securities resumed coverage of Essential Utilities with a rating of Buy and set a new price target of $45.00
Edward Jones upgraded Essential Utilities from Hold to Buy
Northcoast upgraded Essential Utilities from Neutral to Buy and set a new price target of $42.00
Northcoast downgraded Essential Utilities from Buy to Neutral
UBS upgraded Essential Utilities from Neutral to Buy and set a new price target of $55.00 from $54.00 previously
BofA Securities downgraded Essential Utilities from Buy to Neutral and set a new price target of $52.00
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4 - Essential Utilities, Inc. (0000078128) (Issuer)
4 - Essential Utilities, Inc. (0000078128) (Issuer)
4 - Essential Utilities, Inc. (0000078128) (Issuer)
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Funding is part of Aqua Pennsylvania's commitment to remove "forever chemicals" to meet new federal drinking water standards; reduces associated costs for customers Aqua Pennsylvania announced today it was awarded a combination of grant and low-interest loan funding through the Pennsylvania Infrastructure Investment Authority (PENNVEST) to support its continuing commitment to remove PFAS from drinking water. The funding, totaling as much as $28.9 million, will support 6 projects to install PFAS treatment systems at 15 community well sites in Chester, Montgomery, Lackawanna, and Luzerne Counties. The PENNVEST process requires well-planned projects, including securing a PA Department of Env
Essential Utilities Inc. (NYSE:WTRG) expects to report financial results for the full year 2024 following market close on February 26, 2025. The company's conference call with financial analysts will take place on Thursday, February 27, 2025, at 11 a.m. Eastern Standard Time. The call and presentation will be webcast live so interested parties may listen over the internet by logging on to Essential.co and following the link for Investors. The conference call will be archived in the Investor Relations section of the company's website following the call. Additionally, the call will be recorded and made available for replay at 2 p.m. on February 27, 2025, for seven days following the call. T
Company Highlights Ongoing Efforts to Combat PFAS and Replace Lead Service Lines Essential Utilities Inc. (NYSE:WTRG) proudly celebrates the 50th anniversary of the Safe Drinking Water Act, a landmark legislation safeguarding public health. To commemorate this milestone, Essential—through its water utility, Aqua—is reinforcing its efforts to protect water quality. "The Safe Drinking Water Act has been the cornerstone of safe drinking water protection for the past five decades," said Christopher Franklin, chairman and CEO of Essential Utilities. "At Essential, we lead by action — tackling PFAS contamination and replacing lead service lines ahead of federal mandates and investing in infra
The board of directors of Essential Utilities Inc. (NYSE:WTRG) today declared a quarterly cash dividend of $0.3255 per share, payable March 3, 2025, to all shareholders of record on February 10, 2025. The March 2025 dividend payment of $0.3255 per share represents a $0.0184, or 6.0% increase over the March 2025 dividend payment of $0.3071 per share. Essential Utilities has paid consecutive quarterly cash dividends for 79 years. About Essential Essential Utilities, Inc. (NYSE:WTRG) delivers safe, clean, reliable services that improve quality of life for individuals, families, and entire communities. With a focus on water, wastewater and natural gas, Essential is committed to sustainabl
As part of Aqua's continued commitment to affordability, qualifying customers can enroll in the company's Customer Assistance Program Aqua Pennsylvania, an Essential Utilities company, reminds customers in need of financial assistance to apply for monthly discounts on their water and wastewater bills through its Customer Assistance Program (CAP). CAP is a year-round program administered through the Dollar Energy Fund (DEF). "Aqua is dedicated to supporting our customers in need," said Essential Utilities Director of Community Assistance Programs Rita Black. "We understand that unexpected financial challenges and limited household income can increase the stress associated with paying bil
Earnings per share of $0.25 for Q3 2024 Company reinstates multi-year earnings guidance of 5-7% PUC approval of Peoples Natural Gas rate case Settlement reached for Aqua Pennsylvania rate case Essential Utilities Inc. (NYSE:WTRG) today reported results for the third quarter ended September 30, 2024. Essential's net income was $69.4 million or $0.25 per share for the third quarter of 2024. Essential also announces multi-year guidance, including earnings expectations, and infrastructure investment plans, and reaffirms the company's long-term emissions reduction and PFAS commitment. "After temporarily suspending long-term guidance on earnings per share (EPS) in early 2024, the company is
The board of directors of Essential Utilities Inc. (NYSE:WTRG) today declared a quarterly cash dividend of $0.3255 per share, payable December 2, 2024, to all shareholders of record on November 12, 2024. The December 2024 dividend payment of $0.3255 per share represents a $0.0184, or 6.0% increase over the December 2023 dividend payment of $0.3071 per share. Essential Utilities has paid consecutive quarterly cash dividends for 79 years. About Essential Essential Utilities, Inc. (NYSE:WTRG) delivers safe, clean, reliable services that improve quality of life for individuals, families, and entire communities. With a focus on water, wastewater and natural gas, Essential is committed to sust
Vision RNG, in collaboration with Laurel Ridge Landfill, L.L.C., a subsidiary of Waste Connections, Inc., and Delta Gas, proudly announces the start of commercial operations at its new Renewable Natural Gas (RNG) facility located at the Laurel Ridge Landfill in Lily, Kentucky. The innovative new plant converts landfill gas into RNG, which is then injected into Delta Gas's pipeline network, offering a sustainable alternative to fossil-derived natural gas. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241029715229/en/Laurel Ridge Landfill in Lily, Kentucky with Vision RNG facility. The innovative new plant converts landfill gas in
GREENWICH, Conn., Sept. 23, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, a leader in value-oriented and research-driven investment management, is excited to announce its second annual PFAS Symposium, scheduled for Thursday, September 26, 2024, at The Harvard Club in New York City. This event will bring together leading experts, policymakers, and industry executives to explore the critical issues surrounding PFAS (Per- and Polyfluoroalkyl Substances), their uses, replacements, and remediation efforts in water treatment and other categories. The symposium will feature company presentations, fireside chats, panel discussions, and one-on-one meetings. It aims to facilitate a comprehensi
Essential Utilities Inc. (NYSE:WTRG) expects to report earnings for the quarter ending September 30, 2024, following market close on November 4, 2024. The company's conference call with financial analysts will take place on Tuesday, November 5, 2024, at 11 a.m. Eastern Standard Time. The call and presentation will be webcast live so interested parties may listen over the internet by logging on to Essential.co and following the link for Investors. The conference call will be archived in the Investor Relations section of the company's website following the call. Additionally, the call will be recorded and made available for replay at 2 p.m. on November 5, 2024, for seven days following the c
8-K - Essential Utilities, Inc. (0000078128) (Filer)
8-K - Essential Utilities, Inc. (0000078128) (Filer)
8-K - Essential Utilities, Inc. (0000078128) (Filer)
10-Q - Essential Utilities, Inc. (0000078128) (Filer)
8-K - Essential Utilities, Inc. (0000078128) (Filer)
8-K - Essential Utilities, Inc. (0000078128) (Filer)
8-K - Essential Utilities, Inc. (0000078128) (Filer)
8-K - Essential Utilities, Inc. (0000078128) (Filer)
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8-K - Essential Utilities, Inc. (0000078128) (Filer)
Essential Utilities Inc. (NYSE:WTRG) expects to report financial results for the full year 2024 following market close on February 26, 2025. The company's conference call with financial analysts will take place on Thursday, February 27, 2025, at 11 a.m. Eastern Standard Time. The call and presentation will be webcast live so interested parties may listen over the internet by logging on to Essential.co and following the link for Investors. The conference call will be archived in the Investor Relations section of the company's website following the call. Additionally, the call will be recorded and made available for replay at 2 p.m. on February 27, 2025, for seven days following the call. T
The board of directors of Essential Utilities Inc. (NYSE:WTRG) today declared a quarterly cash dividend of $0.3255 per share, payable March 3, 2025, to all shareholders of record on February 10, 2025. The March 2025 dividend payment of $0.3255 per share represents a $0.0184, or 6.0% increase over the March 2025 dividend payment of $0.3071 per share. Essential Utilities has paid consecutive quarterly cash dividends for 79 years. About Essential Essential Utilities, Inc. (NYSE:WTRG) delivers safe, clean, reliable services that improve quality of life for individuals, families, and entire communities. With a focus on water, wastewater and natural gas, Essential is committed to sustainabl
Earnings per share of $0.25 for Q3 2024 Company reinstates multi-year earnings guidance of 5-7% PUC approval of Peoples Natural Gas rate case Settlement reached for Aqua Pennsylvania rate case Essential Utilities Inc. (NYSE:WTRG) today reported results for the third quarter ended September 30, 2024. Essential's net income was $69.4 million or $0.25 per share for the third quarter of 2024. Essential also announces multi-year guidance, including earnings expectations, and infrastructure investment plans, and reaffirms the company's long-term emissions reduction and PFAS commitment. "After temporarily suspending long-term guidance on earnings per share (EPS) in early 2024, the company is
The board of directors of Essential Utilities Inc. (NYSE:WTRG) today declared a quarterly cash dividend of $0.3255 per share, payable December 2, 2024, to all shareholders of record on November 12, 2024. The December 2024 dividend payment of $0.3255 per share represents a $0.0184, or 6.0% increase over the December 2023 dividend payment of $0.3071 per share. Essential Utilities has paid consecutive quarterly cash dividends for 79 years. About Essential Essential Utilities, Inc. (NYSE:WTRG) delivers safe, clean, reliable services that improve quality of life for individuals, families, and entire communities. With a focus on water, wastewater and natural gas, Essential is committed to sust
Essential Utilities Inc. (NYSE:WTRG) expects to report earnings for the quarter ending September 30, 2024, following market close on November 4, 2024. The company's conference call with financial analysts will take place on Tuesday, November 5, 2024, at 11 a.m. Eastern Standard Time. The call and presentation will be webcast live so interested parties may listen over the internet by logging on to Essential.co and following the link for Investors. The conference call will be archived in the Investor Relations section of the company's website following the call. Additionally, the call will be recorded and made available for replay at 2 p.m. on November 5, 2024, for seven days following the c
Earnings per share of $0.28 for Q2 2024, due to weather impacts Company increases quarterly dividend rate by 6.0% Essential Utilities Inc. (NYSE:WTRG) today reported results for the second quarter ended June 30, 2024. Essential's net income of $75.4 million or $0.28 per share for the second quarter of 2024. "We continue to deliver long-term value to our customers, communities, shareholders, and employees, and we are pleased with the execution of our infrastructure investment plan and with the progress made in our strategic regulatory priorities in the first half of 2024," said Essential Utilities Chairman and Chief Executive Officer Christopher Franklin. "However, in 2024, for the sec
The board of directors of Essential Utilities Inc. (NYSE:WTRG) today declared a quarterly cash dividend of $0.3255 per share, payable September 3, 2024, to all shareholders of record on August 12, 2024. The September 2024 dividend payment of $0.3255 per share represents a $0.0184, or 6.0% increase over the September 2023 dividend payment of $0.3071 per share. Essential Utilities has paid consecutive quarterly cash dividends for 79 years and has increased the dividend 34 times in the last 33 years. About Essential Essential Utilities, Inc. (NYSE:WTRG) delivers safe, clean, reliable services that improve quality of life for individuals, families, and entire communities. With a focus on
Essential Utilities Inc. (NYSE:WTRG) expects to report earnings for the quarter ended June 30, 2024, following market close on August 5, 2024. The company's conference call with financial analysts will take place on Tuesday, August 6, 2024, at 11 a.m. Eastern Daylight Time. The call and presentation will be webcast live so interested parties may listen over the internet by logging on to Essential.co and following the link for Investors. The conference call will be archived in the Investor Relations section of the company's website following the call. Additionally, the call will be recorded and made available for replay at 2 p.m. on August 6, 2024, for seven days following the call. To acc
Earnings per share of $0.97 for Q1 2024 vs. $0.72 for Q1 2023 Closes sale of non-core energy projects Essential Utilities Inc. (NYSE:WTRG) today reported results for the first quarter ended March 31, 2024. Essential's net income of $265.8 million or $0.97 per share for the first quarter of 2024 compared favorably to $191.4 million or $0.72 per share reported for the first quarter of 2023. "Although our gas footprint experienced warmer than normal winter weather in Q1 2024, we remain focused on and expect to post strong results for the year," said Essential Utilities Chairman and Chief Executive Officer Christopher Franklin. "In Q1 2024, the company completed the $165 million sale of its
Essential Utilities Inc. (NYSE:WTRG) expects to report earnings for the quarter ended March 31, 2024, following market close on May 2, 2024. The company's conference call with financial analysts will take place on Friday, May 3, 2024, at 11 a.m. Eastern Daylight Time. The call and presentation will be webcast live so interested parties may listen over the internet by logging on to Essential.co and following the link for Investors. The conference call will be archived in the Investor Relations section of the company's website for 90 days following the call. Additionally, the call will be recorded and made available for replay at 2 p.m. on May 3, 2024, for 10 business days following the cal
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Company welcomes new tax vice president and investor relations director Essential Utilities Inc. (NYSE:WTRG) announces the appointment of two seasoned professionals to the company's finance team: Angela Jiang joins the company as vice president, tax, and Hayley Diminick will assume the role of director of investor relations. "We are excited to welcome Angela and Hayley to the Essential team," said Essential Chairman and CEO Christopher H. Franklin. "Their proven track records in tax and investor relations, respectively, will be instrumental as we continue to grow and address the nation's water and natural gas infrastructure challenges." In her new role, Jiang will oversee Essential's
Chesko brings decades of industry experience to Aqua Essential Utilities Inc. (NYSE:WTRG) announced today Natalie Chesko has been named the new President of Aqua New Jersey. Chesko will oversee Aqua's water and wastewater operations in New Jersey. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240418338924/en/Essential Utilities Announces Appointment of Natalie Chesko to President of Aqua New Jersey. (Photo: Business Wire) "I couldn't be more elated to welcome Natalie to the Aqua family, and I'm excited to see how her passion and expertise will further Aqua's mission," said Aqua President Colleen Arnold. "Her years of experien
20-year industry veteran prioritizes safety, compliance and customer experience in new role Essential Utilities today announced Ron King as Vice President of its Peoples gas operations, expanding the company's commitment to provide clean, safe, reliable natural gas in Southwest Pennsylvania and Kentucky. He will oversee all operations and maintenance, including gas measurement and regulation, compressor operations, field customer service, and dispatch operations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230608005310/en/Ron King has been appointed to Vice President, Gas Operations for Essential Utilities Inc. (Photo: Busi
New vice presidents join company in communications and information technology Essential Utilities Inc. (NYSE:WTRG) announced the appointment of two new members to the company's executive leadership team: Jeanne Russo joins the company as vice president, communications, and Sumit Nair will assume the role of vice president and chief information officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221108005377/en/Jeanne Russo is appointed vice president, communications for Essential Utilities. Russo is a tenured communications leader with more than 25 years of experience developing and executing strategic communications for top
Essential Utilities Inc. (NYSE:WTRG) announces the appointment of W. Bryan Lewis to the Essential board of directors. Lewis will serve as a member of the following board committees: audit and risk mitigation and investment policy. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221101005980/en/Essential Utilities Announces Appointment of Bryan Lewis to Board of Directors (Photo: Business Wire) Lewis is the vice president and chief investment officer for the United States Steel Corporation, where he is responsible for the company's global investments for both the defined contribution and defined benefit plans, as well as other rela
Essential Utilities announced today that Vice President, Regulatory and Government Affairs Kimberly Joyce has added the role of corporate secretary to her responsibilities. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220816005796/en/Kim Joyce has been named corporate secretary for Essential Utilities. (Photo: Business Wire) As corporate secretary, Joyce adds critical responsibilities associated with the Essential board of directors, Securities & Exchange Commission filings, and the company's legal entity structure. "Kim's long tenure with the company as a regulatory attorney has provided her expansive experience and knowledge
Essential Utilities has announced that Jim Barbato has been appointed to the new role of vice president of financial planning and analysis from his previous role as vice president of corporate engineering. In his new position, Barbato will report to the CFO and assume responsibility for all financial planning and analysis functions, including overall management and execution of the budgeting and multi-year financial planning process, forecasting, and data-driven decision making to help the company achieve its strategic objectives. He will retain his responsibility for overall capital budgeting for the corporation. This press release features multimedia. View the full release here: https://w
Essential Utilities has appointed Vice President and Chief Information Officer Whitney Kellett to lead its $143 million service improvement project following the retirement of former Senior Vice President, Business Transformation Ruth DeLost-Wylie. The next phase of the project, which began in 2020, will continue under Kellett's leadership. As part of its succession planning, the company also announced that Kellett will assume the role of chief administrative officer later in 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220805005496/en/Essential Utilities appoints Whitney Kellett to head SIP project and assume chief admin
Essential Utilities announced today the promotion of Dave Kralle to Chief of Staff to the Essential Chairman and CEO Christopher Franklin who created the role shortly after his appointment in 2015. Franklin created the role in recognition that "people are the company's greatest asset," and that managing a large, geographically dispersed organization naturally presents challenges. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220805005495/en/Dave Kralle has been named chief of staff at Essential Utilities. (Photo: Business Wire) As chief of staff, Kralle will play a key role, ensuring that the company's vision and core values — i
As part of a planned succession Essential Utilities has announced that Brian Dingerdissen, formerly chief of staff, and vice president of communications and investor relations, has been named vice president, investor relations and treasurer. In his new role, Dingerdissen will retain his responsibilities for investor relations, lead the company's ESG program and report to Dan Schuller, the company's CFO. As treasurer, Dingerdissen will be responsible for the company's financing and cash management activities and relationships with credit agencies. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220803005281/en/Essential Utilities'