Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Essential Utilities Inc shares valued at $303,380 were sold by Franklin Chris on Mar 14 ’25. At $39.40 per share, Franklin Chris sold 7,700 shares. The insider’s holdings dropped to 32,229 shares worth approximately $1.25 million following the completion of this transaction.
Also, Chris Franklin purchased 7,700 shares, netting a total of over 303,380 in proceeds.
Before that, RUBIN ROBERT A had sold 2,342 shares from its account. In a trade valued at $87,661, the Chief Accounting Officer traded Essential Utilities Inc shares for $37.43 each. Upon closing the transaction, the insider’s holdings decreased to 2,342 shares, worth approximately $2.07 million.
As published in a research note from Jefferies on January 28, 2025, Essential Utilities Inc [WTRG] has been rated up from a Hold to a Buy and the price target has been revised to $41. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early January. As of November 07, 2024, Jefferies has decreased its “Buy” rating to a “Hold” for WTRG. Earlier on October 07, 2024, Jefferies initiated its rating. Their recommendation was “a Buy” for WTRG stock.
Analyzing WTRG Stock Performance
During the last five days, there has been a drop of approximately -0.72%. Over the course of the year, Essential Utilities Inc shares have jumped approximately 6.99%. Shares of the company reached a 52-week high of $41.17 on 03/10/25 and a 52-week low of $33.18 on 01/13/25. A 50-day SMA is recorded $36.51, while a 200-day SMA reached $38.21.
Support And Resistance Levels for Essential Utilities Inc (WTRG)
According to the 24-hour chart, there is a support level at 38.50, which, if violated, would cause prices to drop to 38.15. In the upper region, resistance lies at 39.25. The next price resistance is at 39.65. RSI (Relative Strength Index) is 55.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.02, which suggests the price will decrease in the coming days. Percent R is at 68.14%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
