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Essential Utilities Inc WTRG

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Morningstar’s Analysis

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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Initiating Coverage of Essential Utilities With Narrow Moat, $39 Fair Value

Travis Miller Strategist

Analyst Note

| Travis Miller |

We are initiating coverage of Essential Utilities with a $39 per share fair value estimate, narrow moat rating, and stable moat trend.

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Company Profile

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
Sector Utilities
Industry Utilities - Regulated Water
Most Recent Earnings Mar 31, 2021
Fiscal Year End Dec 31, 2021
Stock Type Classic Growth
Employees 3,180

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