5 Best Water Stocks To Buy

3. Essential Utilities, Inc. (NASDAQ:WTRG)

Number of Hedge Fund Holders: 29

Essential Utilities, Inc. (NASDAQ:WTRG) is a Pennsylvania-based company that operates regulated utilities that provide water, wastewater, and natural gas services in the United States. It offers water services through operating and maintenance contracts with municipal authorities and third parties. The company posted market-beating Q3 2022 results and reaffirmed its FY 2022 guidance.

On December 7, Essential Utilities, Inc. (NASDAQ:WTRG) declared a $0.287 per share quarterly dividend, in line with previous. The dividend is payable on March 1, 2023 to shareholders of record on February 10. It is one of the premier water stocks to consider. 

According to Insider Monkey’s data, 29 hedge funds were long Essential Utilities, Inc. (NASDAQ:WTRG) at the end of Q3 2022, compared to 22 funds in the prior quarter. Israel Englander’s Millennium Management is one of the significant stakeholders of the company, with 1.2 million shares worth $50 million. 

Follow Essential Utilities Inc. (NYSE:WTRG)