Gotham Asset Management Increases Stake in Essential Utilities

Investment firm boosts ownership in water and natural gas utility company

Mar. 16, 2026 at 10:39am

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Gotham Asset Management LLC increased its stake in Essential Utilities Inc. (NYSE:WTRG) by 168.1% in the 3rd quarter, according to a recent 13F filing with the Securities and Exchange Commission (SEC). The investment firm now owns 907,809 shares of the company's stock, worth approximately $36.22 million.

Why it matters

This significant increase in Gotham's position in Essential Utilities reflects the investment firm's confidence in the utility company's growth potential. As a major shareholder, Gotham's actions could influence the company's strategic direction and impact the stock price.

The details

According to the 13F filing, Gotham Asset Management purchased an additional 569,210 shares of Essential Utilities during the third quarter, bringing its total ownership to 907,809 shares. This represents a 32% stake in the company, up from 12% previously. Essential Utilities is a water and natural gas utility serving customers in Pennsylvania and several other states.

  • Gotham Asset Management increased its stake in Essential Utilities in the 3rd quarter of 2026.

The players

Gotham Asset Management LLC

An investment management firm that focuses on long-short equity strategies.

Essential Utilities Inc.

A water and natural gas utility company serving customers in Pennsylvania and several other states.

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The takeaway

Gotham Asset Management's increased stake in Essential Utilities signals the investment firm's confidence in the utility company's long-term growth prospects. As a major shareholder, Gotham's actions could influence Essential Utilities' strategic direction and impact the stock price going forward.