Professional
Added to YB: 2024-06-14
Pitch date: 2024-06-07
WTRG [bullish]
Essential Utilities, Inc.
+8.51%
current return
Author Info
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Company Info
Essential Utilities, Inc., through its subsidiaries, operates regulated utilities that provide water, wastewater, and natural gas services in the United States.
Market Cap
$11.2B
Pitch Price
$34.97
Price Target
55.00 (+45%)
Dividend
3.45%
EV/EBITDA
14.42
P/E
16.54
EV/Sales
8.07
Sector
Water Utilities
Category
dividend
Show full summary:
Essential Utilities, Inc.: Growth Opportunities
WTRG: Steady EPS growth of 5-7% despite high rates & equity dilution from large capex. Expanding via M&A, surcharges & rate hikes. Leader in PFAS mitigation, sees muni acquisition opps. 18x 2024 PE below 24-40x historical on 3.3% div yield growing 7%/yr. BUY w/ $55 PT.
Read full article (7 min)