8-K filing — Essential Utilities, Inc. (WTRG)
Filed: 2026-09-17 AccNo: 0001552781-26-000492 Size: 203 KB Item 8.01: Other Events
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Barclays analyst Nicholas Campanella maintains Essential Utilities (NYSE:WTRG) with a Underweight and raises the price target from $38 to $40.
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Filed: 2026-09-17 AccNo: 0001552781-26-000492 Size: 203 KB Item 8.01: Other Events
American Water Works (AWK) received approval for a $68 million annual revenue increase in New Jersey effective September 15, 2026, supporting its 7-9% long-term earnings growth target through 2030. The rate hike will fund $1.4 billion in infrastructure upgrades while increasing average residential bills by approximately $4 monthly. AWK plans $19-20 billion in capital investments through 2030 to support 8-9% rate-base growth. The stock trades at a premium valuation with a forward P/E of 21.77X versus the industry average of 17.57X and carries a Zacks Rank #3 (Hold).
UBS analyst Gregg Orrill maintains Essential Utilities (NYSE:WTRG) with a Buy and raises the price target from $48 to $49.
American Water Works announced a $0.9 million infrastructure upgrade in West Virginia, replacing 2,000 feet of aging water main. The company plans to invest $129 million across West Virginia in 2026 and $3.6 billion company-wide in 2026, targeting $19-20 billion during 2026-2030. Other utilities like California Water Service Group and Essential Utilities are also ramping up infrastructure investments to address deteriorating U.S. water systems.