Essential Utilities Inc
WTRG: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$36.00 | Whxpqh | Nvchrjfw |
Essential Utilities Continues Executing Growth Plan, Eyeing More Acquisition Targets
We are reaffirming our $41 fair value estimate for Essential Utilities after the company reported earnings per share of $0.26 in the third quarter, up from $0.19 in the third quarter of 2021. Year-to-date earnings are up 8% and on track to meet our full-year forecast. We are reaffirming our narrow moat and stable moat trend ratings.