Essential Utilities Inc
WTRG: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$58.00 | Cmhzg | Hlkglpbd |
Essential Utilities Earnings: Near-Term Growth Shifts Toward Gas Utility Investments
We reaffirm our $42 per share fair value estimate for Essential Utilities after the company reported earning $0.30 per share during the third quarter, up from $0.26 during the third quarter of 2022. Essential remains on track to meet our full-year outlook. We also reaffirm our narrow moat rating.