essential utilities, inc., through its subsidiaries, operates regulated utilities that provide water or wastewater 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 3 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, and virginia. 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.
Company profile
Ticker
WTRG
Exchange
Website
CEO
Christopher Franklin
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
AQUA AMERICA INC, PHILADELPHIA SUBURBAN CORP
SEC CIK
Corporate docs
Subsidiaries
Aqua Pennsylvania, Inc. • Aqua Resources, Inc. • Essential Utilities Services, Inc. • Aqua Services, Inc. • Aqua Infrastructure, LLC • Aqua Ohio, Inc. • Aqua Illinois, Inc. • Aqua New Jersey, Inc. • Aqua North Carolina, Inc. • Aqua Texas, Inc. ...
IRS number
231702594
WTRG stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
19 Mar 24
DEFA14A
Additional proxy soliciting materials
19 Mar 24
DEF 14A
Definitive proxy
19 Mar 24
PRE 14A
Preliminary proxy
8 Mar 24
S-3ASR
Automatic shelf registration
29 Feb 24
10-K
2023 FY
Annual report
29 Feb 24
8-K
Essential Utilities Reports Financial Results for Full-Year 2023 and Announces Guidance
23 Feb 24
8-K
Entry into a Material Definitive Agreement
8 Jan 24
424B5
Prospectus supplement for primary offering
5 Jan 24
FWP
Free writing prospectus
4 Jan 24
Transcripts
WTRG
Earnings call transcript
2023 Q4
23 Feb 24
WTRG
Earnings call transcript
2023 Q3
7 Nov 23
WTRG
Earnings call transcript
2023 Q2
8 Aug 23
WTRG
Earnings call transcript
2023 Q1
9 May 23
WTRG
Earnings call transcript
2022 Q4
27 Feb 23
WTRG
Earnings call transcript
2022 Q3
8 Nov 22
WTRG
Earnings call transcript
2022 Q2
4 Aug 22
WTRG
Earnings call transcript
2022 Q1
9 May 22
WTRG
Earnings call transcript
2021 Q4
24 Feb 22
WTRG
Earnings call transcript
2021 Q3
1 Nov 21
Latest ownership filings
4
ROBERT A RUBIN
2 Apr 24
144
Notice of proposed sale of securities
1 Apr 24
4
ROBERT A RUBIN
13 Mar 24
144
Notice of proposed sale of securities
11 Mar 24
4
ROBERT A RUBIN
7 Mar 24
4
Elizabeth B Amato
7 Mar 24
144
Notice of proposed sale of securities
6 Mar 24
4
Chris Franklin
28 Feb 24
4
DANIEL SCHULLER
28 Feb 24
4
Christopher Paul Luning
28 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Cost of revenue | |||||
Operating income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 8.51 mm | 8.51 mm | 8.51 mm | 8.51 mm | 8.51 mm | 8.51 mm |
Cash burn (monthly) | 1.05 mm | 1.24 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 6.99 mm | 8.28 mm | n/a | n/a | n/a | n/a |
Cash remaining | 1.51 mm | 224.95 k | n/a | n/a | n/a | n/a |
Runway (months of cash) | 1.4 | 0.2 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
71.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 565 |
Opened positions | 51 |
Closed positions | 86 |
Increased positions | 215 |
Reduced positions | 193 |
13F shares | Current |
---|---|
Total value | 6.74 tn |
Total shares | 196.51 mm |
Total puts | 162.20 k |
Total calls | 31.20 k |
Total put/call ratio | 5.2 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 31.00 mm | $1.06 tn |
Vanguard | 27.17 mm | $932.70 bn |
Canada Pension Plan Investment Board | 21.66 mm | $743.63 bn |
STT State Street | 13.26 mm | $455.14 bn |
Amundi | 8.34 mm | $285.21 bn |
Zimmer Partners | 6.18 mm | $212.08 bn |
Pictet Asset Management Holding | 6.13 mm | $210.34 bn |
IVZ Invesco | 4.09 mm | $140.43 bn |
Geode Capital Management | 3.72 mm | $127.39 bn |
NTRS Northern Trust | 3.39 mm | $116.27 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Apr 24 | Robert A Rubin | Common Stock | Sell | Dispose S | No | Yes | 37.21 | 5,565 | 207.07 k | 57,755.77 |
11 Mar 24 | Robert A Rubin | Common Stock | Sell | Dispose S | No | Yes | 36 | 3,551 | 127.84 k | 63,320.77 |
5 Mar 24 | Elizabeth B Amato | Common Stock | Buy | Acquire P | No | No | 35.019 | 3,100 | 108.56 k | 16,103 |
5 Mar 24 | Robert A Rubin | Common Stock | Sell | Dispose S | No | Yes | 35.6 | 6,350 | 226.06 k | 66,871.77 |
26 Feb 24 | Michael Huwar | Common Stock | Payment of exercise | Dispose F | No | No | 35.48 | 1,779 | 63.12 k | 12,841 |
26 Feb 24 | Michael Huwar | Common Stock | Grant | Acquire A | No | No | 0 | 2,489 | 0.00 | 14,620 |
News
American Water's (AWK) Unit to Invest $2.5M in System Upgrade
5 Apr 24
Wall Street's Most Accurate Analysts Say Buy These 3 Utilities Stocks With Over 3% Dividend Yields
4 Apr 24
Evercore ISI Group Maintains Outperform on Essential Utilities, Lowers Price Target to $42
4 Mar 24
Boiling Water Reduces Microplastics: What Does It Mean For Coca-Cola, PepsiCo's Bottled Water Brands?
29 Feb 24
Aligning Strategies with Market Realities: California Water Servs Gr Addresses Performance Pressure for Investor Benefit during Decreased ProfitsCalifornia Water Servs Gr: Weathering Market Challenges with Steady Dividends
23 Feb 24
Press releases
Essential Utilities Names Natalie Chesko as New President of Aqua New Jersey
18 Apr 24
Aqua Virginia Earns State Excellence Award for 19th Consecutive Year
17 Apr 24
Aqua New Jersey Celebrates Completion of Newest PFAS Treatment Facility at its Green Avenue Well Station in Lawrence Township
17 Apr 24
Essential Utilities Launches Third Annual Earth Day Celebration
17 Apr 24
Essential Utilities Releases Comment on EPA Promulgation of PFAS Maximum Contaminant Level
10 Apr 24