York Water (NASDAQ:YORW) Sets New 12-Month High at $47.70

York Water Co (NASDAQ:YORW)’s share price reached a new 52-week high on Thursday . The stock traded as high as $47.70 and last traded at $47.70, with a volume of 1663 shares changing hands. The stock had previously closed at $46.11.

Several research firms have weighed in on YORW. BidaskClub raised York Water from a “hold” rating to a “buy” rating in a research report on Thursday. ValuEngine cut York Water from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research cut York Water from a “buy” rating to a “hold” rating in a research report on Saturday, January 11th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. York Water has a consensus rating of “Hold” and an average price target of $39.50.

The company’s fifty day moving average price is $45.22 and its 200-day moving average price is $41.05. The stock has a market capitalization of $613.78 million, a PE ratio of 45.67 and a beta of 0.22. The company has a quick ratio of 0.52, a current ratio of 0.59 and a debt-to-equity ratio of 0.71.

York Water (NASDAQ:YORW) last released its earnings results on Thursday, November 7th. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.03. York Water had a net margin of 29.02% and a return on equity of 11.43%. The firm had revenue of $13.68 million during the quarter, compared to analyst estimates of $13.00 million. Equities research analysts anticipate that York Water Co will post 1.14 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.52%. This is a positive change from York Water’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Monday, December 30th. York Water’s dividend payout ratio (DPR) is presently 69.23%.

Hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its stake in shares of York Water by 2.0% during the third quarter. California State Teachers Retirement System now owns 20,123 shares of the utilities provider’s stock valued at $879,000 after purchasing an additional 404 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of York Water by 85.9% in the third quarter. California Public Employees Retirement System now owns 25,843 shares of the utilities provider’s stock worth $1,128,000 after buying an additional 11,942 shares during the last quarter. BlackRock Inc. raised its holdings in shares of York Water by 6.3% in the second quarter. BlackRock Inc. now owns 809,717 shares of the utilities provider’s stock worth $28,923,000 after buying an additional 47,829 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of York Water by 23.8% in the third quarter. First Trust Advisors LP now owns 152,733 shares of the utilities provider’s stock worth $6,668,000 after buying an additional 29,377 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in shares of York Water in the third quarter worth $273,000. Hedge funds and other institutional investors own 38.98% of the company’s stock.

York Water Company Profile (NASDAQ:YORW)

The York Water Company impounds, purifies, and distributes drinking water. It also owns and operates three wastewater collection systems and two wastewater treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. In addition, the company has a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns seven wells that supply water to its customers in Carroll Valley Borough and Cumberland Township, Adams County.

Further Reading: Understanding debt-to-equity ratio in fundamental analysis

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