Published on 27 Nov 2023 on Simply Wall St. via Yahoo Finance
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).
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