Essential Utilities Inc
WTRG: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$67.00 | Bvsrs | Cvjyvjg |
Essential Utilities Can Accelerate Growth With More Water Acquisitions
Business Strategy and Outlook
For more than 50 years, Essential Utilities--formerly Aqua America--was one of the few pure-play water utilities in the United States. But its $4.3 billion acquisition of Peoples Gas in March 2020 made the company nearly 50% larger and diversified its earnings mix.