Mutual of America Capital Management LLC Has $5.43 Million Stock Position in Essential Utilities, Inc. (NYSE:WTRG)

Mutual of America Capital Management LLC lessened its position in Essential Utilities, Inc. (NYSE:WTRGFree Report) by 9.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 158,036 shares of the company’s stock after selling 17,008 shares during the period. Mutual of America Capital Management LLC’s holdings in Essential Utilities were worth $5,425,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. United Capital Financial Advisers LLC boosted its stake in shares of Essential Utilities by 1.7% in the first quarter. United Capital Financial Advisers LLC now owns 14,796 shares of the company’s stock valued at $757,000 after buying an additional 248 shares during the period. Captrust Financial Advisors increased its position in shares of Essential Utilities by 3.3% in the fourth quarter. Captrust Financial Advisors now owns 8,694 shares of the company’s stock worth $415,000 after purchasing an additional 274 shares during the period. Stephens Inc. AR increased its position in shares of Essential Utilities by 0.4% in the second quarter. Stephens Inc. AR now owns 68,918 shares of the company’s stock worth $2,751,000 after purchasing an additional 292 shares during the period. Harbour Investments Inc. raised its stake in Essential Utilities by 14.0% in the fourth quarter. Harbour Investments Inc. now owns 2,403 shares of the company’s stock valued at $115,000 after purchasing an additional 295 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in shares of Essential Utilities by 0.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 65,412 shares of the company’s stock valued at $2,999,000 after purchasing an additional 305 shares during the last quarter. 73.01% of the stock is currently owned by institutional investors and hedge funds.

Essential Utilities Trading Down 0.4 %

Shares of WTRG opened at $35.30 on Monday. Essential Utilities, Inc. has a 1-year low of $32.07 and a 1-year high of $46.37. The firm has a market capitalization of $9.64 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 3.07 and a beta of 0.83. The firm’s 50-day moving average price is $36.84 and its 200-day moving average price is $36.33. The company has a current ratio of 0.46, a quick ratio of 0.31 and a debt-to-equity ratio of 1.09.

Essential Utilities Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 9th will be issued a dividend of $0.307 per share. The ex-dividend date is Thursday, February 8th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.48%. Essential Utilities’s dividend payout ratio (DPR) is 68.33%.

Wall Street Analyst Weigh In

WTRG has been the subject of a number of analyst reports. Edward Jones raised shares of Essential Utilities from a “hold” rating to a “buy” rating in a research note on Friday, November 3rd. StockNews.com cut Essential Utilities from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $48.25.

View Our Latest Analysis on WTRG

Essential Utilities Profile

(Free Report)

Essential Utilities, Inc, through its subsidiaries, operates regulated utilities that provide water, wastewater, or natural gas services in the United States. The company operates through Regulated Water and Regulated Natural Gas segments. It offers water services through operating and maintenance contract with municipal authorities and other parties.

Further Reading

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Institutional Ownership by Quarter for Essential Utilities (NYSE:WTRG)

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