Published on 27 Nov 2023 on Simply Wall St. via Yahoo Finance
With 77% ownership, Essential Utilities, Inc. (NYSE:WTRG) boasts of strong institutional backing
Key Insights
Given the large stake in the stock by institutions, Essential Utilities' stock price might be vulnerable to their trading decisions50% of the business is held by the top 14 shareholdersUsing data from analyst forecasts alongside ownership research, one can better assess the future performance of a company
Every investor in Essential Utilities, Inc. (NYSE:WTRG) should be aware of the most powerful shareholder groups. With 77% stake, institutions possess the maximum shares in the company. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).