Essential Utilities (WTRG) reported GAAP net income of $105.7 million, or $0.37 per share, for the second quarter ended June 30, 2026. Revenue was $530.9 million, up 3% from $514.9 million a year earlier.
The company affirmed its financial and growth guidance, increased its quarterly dividend by 5.25%, and said regulatory approvals for its pending merger with American Water have been received in Virginia, Ohio and Kentucky.
- Q2 2026 operating revenues were $530.9 million, compared with $514.9 million in Q2 2025.
- GAAP net income was $105.7 million, compared with $107.8 million a year earlier.
- For the first six months of 2026, revenues were $1.39 billion and net income was $330.1 million.
- Essential invested $662.2 million in infrastructure in the first six months and remains on track to invest $1.7 billion in 2026.
- The quarterly dividend was increased to $0.3606 per common share, payable Sept. 1, 2026.
- The company said it continues to expect the American Water merger to close in the first quarter of 2027.
$WTRG Hedge Fund Activity
We have seen 280 institutional investors add shares of $WTRG stock to their portfolio, and 314 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- QUBE RESEARCH & TECHNOLOGIES LTD added 3,278,684 shares (+inf%) to their portfolio in Q1 2026, for an estimated $132,753,915
- BALYASNY ASSET MANAGEMENT L.P. added 2,970,868 shares (+2522.9%) to their portfolio in Q1 2026, for an estimated $120,290,445
- MILLENNIUM MANAGEMENT LLC added 2,807,270 shares (+223.6%) to their portfolio in Q1 2026, for an estimated $113,666,362
- BLACKROCK, INC. removed 2,775,514 shares (-8.1%) from their portfolio in Q1 2026, for an estimated $112,380,561
- NORDEA INVESTMENT MANAGEMENT AB removed 2,367,235 shares (-31.6%) from their portfolio in Q2 2026, for an estimated $90,688,772
- FIRST TRUST ADVISORS LP removed 2,231,098 shares (-53.9%) from their portfolio in Q1 2026, for an estimated $90,337,158
- AQR ARBITRAGE LLC added 2,188,335 shares (+230.6%) to their portfolio in Q1 2026, for an estimated $88,605,684
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
