Essential Utilities: A Solid Replacement For T-Bills And Money Markets
Essential Utilities(WTRG) Seeking Alpha·2024-07-16 23:48
Dragon ClawsEssential Utilities (NYSE:WTRG) is a water and natural gas utility that currently offers a dividend yield over 3% along with stable earnings per share growth. At a P/E of 19.5, it is priced well below its own historical valuation averages. Essential Utilities is well worth a look for investors seeking to reallocate funds from short-term treasuries or money markets in anticipation of federal interest rate cuts later this year. Investment Thesis Essential Utilities, formerly known as Aqua Amer ...