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Essential Utilities Inc WTRG Stock Quote

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Morningstar‘s Stock Analysis WTRG

Valuation
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Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Inflation Reduction Act: Increasing Our Confidence in Utilities' Long-Term Growth

Travis Miller Strategist

Analyst Note

| Travis Miller |

Our initial analysis of the U.S. Inflation Reduction Act that President Joe Biden plans to sign on Aug. 16 has led us to reaffirm or make slight increases to our fair value estimates for U.S. utilities. We are reaffirming our moat and moat trend ratings.

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Key Statistics WTRG

Company Profile WTRG

Business Description

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.

Contact
762 West Lancaster Avenue
Bryn Mawr, PA, 19010-3489
T +1 610 527-8000
Industry Utilities - Regulated Water
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Stock Type Aggressive Growth
Employees 3,211