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Essential Utilities Inc - WTRG STOCK NEWS

Welcome to our dedicated news page for Essential Utilities (Ticker: WTRG), a resource for investors and traders seeking the latest updates and insights on Essential Utilities.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Essential Utilities's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Essential Utilities's position in the market.

News
Rhea-AI Summary
Essential Utilities Inc. (NYSE: WTRG) declares a 7% increase in quarterly cash dividend to $0.3071 per share, payable on September 1, 2023. This marks the 33rd dividend increase in the past 32 years and the company's 78th consecutive quarterly cash dividend. The annualized dividend rate will be $1.2284 per share, with a targeted dividend payout ratio of 60 to 65% of net income.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.1%
Tags
dividends
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Rhea-AI Summary
Essential Utilities Inc. (NYSE: WTRG) completed the purchase of the Municipal Authority of the Borough of Shenandoah (MABS) water system for $12 million. The system serves approximately 3,000 customers in Schuylkill County, PA. With a long history of municipal partnerships, Essential plans to invest over $23 million in MABS over the next 10 years, including $10 million to replace water mains. This acquisition adds to Essential’s regional footprint and builds on the company’s strategy to grow by investing in infrastructure that delivers clean, safe, and reliable natural resources to residential and commercial customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.61%
Tags
acquisition
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Rhea-AI Summary
Essential Utilities Inc. (NYSE: WTRG) announces lower common equity needs for 2023, expecting to issue approximately $300 million of common stock. The company will utilize the ATM for a significant portion of the new equity. The estimate supersedes the previous expectation of issuing $500 million in equity and/or equity-linked securities in 2023. Second Quarter 2023 Earnings Call Information also provided.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.12%
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conferences earnings
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.1%
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acquisition
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Rhea-AI Sentiment
End-of-Day
0.5%
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management
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1%
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earnings
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.01%
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none
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Rhea-AI Sentiment
End-of-Day
-0.38%
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none
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.18%
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conferences earnings
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.13%
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none
Essential Utilities Inc

NYSE:WTRG

WTRG Rankings

WTRG Stock Data

10.13B
272.50M
0.19%
79.74%
2.17%
Water Supply and Irrigation Systems
Utilities
Link
United States
Bryn Mawr

About WTRG

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.