Essential Utilities, Inc. (NYSE: WTRG) is a leading utility company providing water, wastewater, and natural gas services to over 5 million customers across 9 U.S. states. The company focuses on delivering essential services while ensuring reliable infrastructure and efficient operations.
Key Takeaways:
- The company’s dual focus on water and natural gas provides stability and balanced revenue streams.
- WTRG’s investments in infrastructure and technology position it well for long-term growth and challenges.
- Our forecast predicts a steady increase in WTRG’s stock price, with potential for significant growth by 2050.
Overview of Essential Utilities, Inc.
Essential Utilities, Inc. (NYSE: WTRG), originally founded as Aqua America in 1968, began as a water utility provider across the United States. In 2020, the company rebranded to Essential Utilities, signaling its expansion beyond water services.
Key Essential Utilities’ acquisition:
- Acquired Peoples Natural Gas for $4.275 billion in March 2020
- Aqua Ohio bought Union Rome Sewer system for $25.5 million in July 2023
- Completed ~300 acquisitions from 1993 to 2013 as Aqua America
Essential Utilities, Inc. Company Profile
| Country | United States |
| Ticker Symbol | WTRG |
| Exchange | NYSE |
| Founded | 1968 |
| IPO Date | 1987 |
| Industry | Utilities |
| Sector | Energy |
| Employees | 3,258 |
| CEO | Christopher H. Franklin |
| Market Cap (September 27, 2024) | $10.51 billion |
| Website | essential |
Essential Utilities, Inc. (WTRG) Balance Sheet Analysis
Essential Utilities, Inc. (NYSE: WTRG) reported its 2023 year-end balance sheet, showcasing a robust financial position. The company’s total assets reached $16.84 billion, up from $15.72 billion in 2022, indicating continued growth and investment.
Total liabilities stood at $10.95 billion, while total equity increased to $5.90 billion. The company’s capital structure included $12.72 billion in total capitalization and $7.09 billion in total debt.
Essential Utilities maintained a strong equity position, with common stock equity at $5.90 billion. Net tangible assets grew to $3.55 billion, reflecting improved shareholder value.
Despite a negative working capital of $305.95 million, the company’s overall financial health appears sound, supporting its operations in the water and wastewater utility sector.
Balance Sheet Data Source: finance.yahoo
Essential Utilities, Inc. Stock Price History
Essential Utilities, Inc. (NYSE: WTRG) had its IPO in the year 1987. Essential Utilities (WTRG) has undergone 9 stock splits since 1981. Split years include 1981, 1986, 1996, 1998, 2000, 2001, 2003, 2005, and 2013. The most recent split was in 2013. These splits have resulted in a cumulative multiple of 121.38671875, meaning one share bought before July 1, 1981, would equal 121.38671875 shares today.1
As of September 26, 2024, the price of WTRG stock stands at $38.11.
WTRG Stock Price Forecast 2024
In 2024, we expect WTRG stock to show robust growth of 12%. The company’s ongoing investments in water and wastewater treatment plants should contribute to a positive market sentiment.
Our analysts project that WTRG’s focus on improving water quality and ensuring reliable service will attract more investors. The company’s commitment to infrastructure upgrades and expansion of its customer base may lead to increased revenue and improved earnings reports.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $34.00 | $42.68 | $53.35 |
WTRG Stock Price Forecast 2025
For 2025, we anticipate a growth rate of 13%. WTRG’s expansion of natural gas distribution services is expected to yield returns. The company’s efforts to address infrastructure needs in its service areas may result in increased regulatory approvals and customer satisfaction.
Analysts predict that WTRG’s focus on operational efficiency and cost management will positively impact its profit margins and overall financial performance.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $45.20 | $48.23 | $60.29 |
WTRG Stock Price Forecast 2026
In 2026, WTRG’s stock is likely to benefit from its improved network of water and wastewater treatment facilities. We project a growth rate of 14% for this year.
The company’s commitment to safe and reliable natural gas delivery could enhance its market position and investor confidence. WTRG’s strategic investments in smart metering technologies may lead to improved data analytics capabilities and more efficient resource allocation.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $51.53 | $54.98 | $68.73 |
WTRG Stock Price Forecast 2027
The year 2027 could see WTRG leveraging its presence in nine states to drive growth. We expect the stock to grow by approximately 15% this year.
The company’s focus on both water and natural gas sectors may provide a balanced revenue stream, appealing to risk-averse investors. WTRG’s proactive approach to regulatory compliance and environmental stewardship could result in favorable treatment from regulatory bodies and positive public perception.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $59.26 | $63.23 | $79.04 |
WTRG Stock Price Forecast 2028
By 2028, WTRG’s investments in technological advancements for water treatment should start showing more significant returns. We project a growth rate of 11% for this year.
The company’s efforts in optimizing its distribution systems may lead to improved operational efficiency and profitability. WTRG’s adoption of advanced algorithms for demand forecasting could enhance its ability to manage resources effectively and reduce operational costs.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $65.78 | $70.19 | $87.74 |
WTRG Stock Price Forecast 2029
In 2029, the company’s efforts in addressing environmental concerns and improving efficiency are expected to boost its market value. Our analysts anticipate a growth rate of about 12% for WTRG stock.
The company’s proactive approach to regulatory compliance may result in favorable treatment from regulatory bodies. WTRG’s investment in renewable energy sources for its operations could appeal to environmentally conscious investors and improve its ESG ratings.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $73.67 | $78.61 | $98.26 |
WTRG Stock Price Forecast 2030
As we enter the new decade, WTRG’s position as a leader in the utility sector should be well-established. The stock is projected to grow by approximately 13% in 2030. This growth rate compares favorably to other financial sector forecasts, such as the Morgan Stanley stock prediction for the same period.
The company’s long-term strategies in infrastructure development may start yielding substantial results, attracting more institutional investors. WTRG’s focus on customer satisfaction and service quality could lead to increased customer retention and potential expansion into new markets.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $83.25 | $88.83 | $111.04 |
WTRG Stock Price Forecast 2031
In 2031, potential acquisitions could drive WTRG’s growth. We expect the stock to appreciate by about 14% this year. The company’s expansion into new service areas may open up additional revenue streams and market opportunities.
WTRG’s investment in employee training and development programs could result in a more skilled workforce and improved operational efficiencies.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $94.91 | $101.27 | $126.59 |
WTRG Stock Price Forecast 2032
By 2032, WTRG’s investments in smart water and gas technologies should be fully operational. Our analysts project a growth rate of 15% for this year.
The implementation of advanced algorithms and machine learning models may enhance the company’s forecasting and operational capabilities. WTRG’s focus on cybersecurity measures could strengthen its reputation for reliability and attract security-conscious investors.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $109.15 | $116.46 | $145.58 |
WTRG Stock Price Forecast 2033
In 2033, the company’s focus on environmental stewardship is likely to resonate strongly with investors. We anticipate a growth rate of about 11% for WTRG stock.
The company’s efforts in reducing its carbon footprint may align well with evolving ESG investment criteria. WTRG’s implementation of blockchain technology for transparent billing and operations could enhance customer trust and operational efficiency.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $121.16 | $129.27 | $161.59 |
WTRG Stock Price Forecast 2034
As WTRG continues to adapt to changing market conditions and regulatory environments, we expect its stock to show strong performance. The projected growth rate for 2034 is approximately 12%.
The company’s ability to navigate complex regulatory landscapes may provide a competitive edge in the utility sector. WTRG’s investment in research and development could lead to innovative solutions for water conservation and energy efficiency.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $135.70 | $144.78 | $180.98 |
WTRG Stock Price Forecast 2035
By 2035, WTRG’s long-term strategies in infrastructure development should be yielding significant results. Our analysts project a growth rate of about 13% for this year. While this growth is significant, it’s important to compare it with other sectors, such as the healthcare industry. For instance, the IQV stock forecast provides insight into the potential growth of the life sciences and healthcare information technology markets.
The company’s investment in its workforce and technological capabilities may lead to improved operational efficiencies. WTRG’s partnerships with technology firms could result in the development of cutting-edge solutions for utility management and customer service.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $153.34 | $163.60 | $204.50 |
WTRG Stock Price Forecast 2036
In 2036, the company’s strong market position is expected to drive continued growth. We anticipate a growth rate of approximately 14% for WTRG stock.
The company’s robust financial statements and consistent performance may attract more long-term investors. WTRG’s expansion of its green energy portfolio could position it as a leader in the transition to cleaner energy sources.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $174.81 | $186.50 | $233.13 |
WTRG Stock Price Forecast 2037
As WTRG approaches its centennial year, its established presence in the utility sector should contribute to steady growth. Our analysts project a growth rate of about 15% for 2037.
The company’s historical data and proven track record may provide confidence to both retail and institutional investors. WTRG’s implementation of AI-driven predictive maintenance could significantly reduce downtime and operational costs.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $201.03 | $214.48 | $268.10 |
WTRG Stock Price Forecast 2038
In 2038, potential technological breakthroughs in water and gas distribution could provide new growth opportunities for WTRG. We expect the stock to appreciate by approximately 11% this year.
The company’s adoption of cutting-edge technologies may lead to new revenue streams and improved profitability. WTRG’s focus on water reclamation and circular economy principles could appeal to environmentally conscious investors and regulators.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $223.14 | $238.07 | $297.59 |
WTRG Stock Price Forecast 2039
By 2039, WTRG’s investments in renewable energy sources should be paying significant dividends. Our analysts project a growth rate of about 12% for this year.
The company’s commitment to sustainability may align well with evolving consumer preferences and regulatory requirements. WTRG’s implementation of advanced leak detection technologies could lead to significant water conservation and cost savings.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $249.92 | $266.64 | $333.30 |
WTRG Stock Price Forecast 2040
As we enter the 2040s, WTRG’s role in providing essential services in an increasingly resource-conscious world should be more critical than ever. We anticipate a growth rate of approximately 13% for 2040. This long-term growth projection aligns with other utility sector analyses, such as the SBS stock price prediction, which also considers the future of essential services in an evolving market landscape.
The company’s ability to balance profitability with environmental responsibility may become a key differentiator in the market. WTRG’s investment in nanotechnology for water purification could revolutionize its water treatment processes and open new market opportunities.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $282.41 | $301.30 | $376.63 |
WTRG Stock Price Forecast 2050
Looking ahead to 2050, we expect WTRG to have established itself as a leader in utility services. Our long-term projection sees the stock reaching new heights, with an average price of $820.
The company’s long-term vision and ability to adapt to changing market dynamics may contribute to its continued success. WTRG’s potential expansion into global markets and its focus on innovative water and energy solutions could drive significant growth and investor interest.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $768.00 | $820.00 | $1,025.00 |
Conclusion
Our analysis of Essential Utilities, Inc. (NYSE: WTRG) stock price forecast from 2024 to 2050 reveals a pattern of steady and impressive growth. We project the stock to reach an average price of $820 by 2050, representing a remarkable increase of over 2000% over 26 years.
FAQs
What is the future of WTRG share price?
WTRG’s share price shows a promising future, with projections indicating growth from $38.11 in 2024 to $820 by 2050. This upward trend is supported by strategic investments in infrastructure, technology, and service expansion. The company’s strong position in both water and natural gas sectors provides a stable foundation for growth. While yearly rates may fluctuate, the overall trajectory suggests a positive long-term outlook.
2. Is WTRG a good long-term stock?
WTRG demonstrates potential as a good long-term stock. Operating in the essential utilities sector offers stability, with consistent demand for water and natural gas services. Projected steady growth over coming decades could provide solid returns for patient investors. WTRG’s focus on infrastructure improvements and technological advancements positions it well for future challenges. The company’s commitment to environmental responsibility aligns with growing ESG investment trends.
3. What is the WTRG 10 year outlook?
The 10-year outlook for WTRG (2024-2034) is generally positive, with projected stock price growth from $42.68 to $144.78. Key drivers include investments in infrastructure, service expansion, and technology adoption. Implementation of smart technologies and improved operational efficiencies are expected to contribute to growth. WTRG’s dual focus on water and natural gas sectors provides a balanced revenue stream, potentially offering resilience against sector-specific challenges.
4. Is WTRG a buy hold or sell?
Based on our analysis and long-term projections, WTRG could be considered a “buy” or “hold” for investors with a long-term perspective. The stock’s potential for steady growth, coupled with the company’s strong position in the essential utilities sector, makes it an attractive option. For existing shareholders, the projected long-term growth suggests maintaining their position may be beneficial. WTRG’s focus on future-oriented investments and environmental responsibility may appeal to investors looking for stability with growth potential.
5. Who are the major competitors of WTRG?
The major competitors of Essential Utilities, Inc. (NYSE: WTRG) include:
- American Water Works Company, Inc. (AWK): AWK is the largest publicly traded U.S. water utility, providing water and wastewater services to over 14 million people.
- California Water Service Group (CWT): CWT delivers water services to over 2 million customers in California, Washington, New Mexico, and Hawaii, focusing on efficient water management.
- AquaVenture Holdings Ltd. (WAAS): AquaVenture specializes in water-as-a-service solutions, delivering reliable, cost-effective water and wastewater treatment solutions globally.
- SJW Group (SJW): SJW provides water utility services to customers in California, Texas, and Connecticut, focusing on high-quality water supply and environmental stewardship.
- York Water Company (YORW): York Water provides water and wastewater services to customers in Pennsylvania, one of the oldest continually operating water utilities in the U.S.
- American States Water Company (AWR): AWR provides water and electric services to California customers and manages water systems for military bases under long-term contracts.
- Global Water Resources, Inc. (GWRS): GWRS focuses on water resource management, delivering water, wastewater, and recycled water services in growing communities across Arizona.
- Middlesex Water Company (MSEX): MSEX provides water and wastewater services to residential, commercial, and industrial customers in New Jersey and Delaware, with a focus on system expansion.
- Veolia Environnement S.A. (VEOEY): A French multinational, Veolia provides water, waste, and energy management services to over 96 million people across the globe.
- Sempra Energy (SRE): Sempra Energy provides energy and utility services, including natural gas and electricity, serving millions of customers in the U.S. and internationally.
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
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