BidaskClub upgraded shares of York Water (NASDAQ:YORW) from a hold rating to a buy rating in a research report report published on Thursday morning, BidAskClub reports.
A number of other research firms have also issued reports on YORW. Zacks Investment Research lowered York Water from a buy rating to a hold rating in a research report on Saturday, January 11th. ValuEngine lowered York Water from a buy rating to a hold rating in a research report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. York Water currently has an average rating of Hold and a consensus price target of $39.50.
Shares of YORW stock traded up $0.55 during trading hours on Thursday, reaching $47.89. The company had a trading volume of 26,630 shares, compared to its average volume of 37,308. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.52 and a current ratio of 0.59. The stock has a fifty day moving average of $45.27 and a 200-day moving average of $41.11. The company has a market capitalization of $617.11 million, a price-to-earnings ratio of 46.05 and a beta of 0.22. York Water has a 12-month low of $31.07 and a 12-month high of $48.00.
York Water (NASDAQ:YORW) last posted its quarterly earnings results on Thursday, November 7th. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $13.68 million during the quarter, compared to analyst estimates of $13.00 million. York Water had a return on equity of 11.43% and a net margin of 29.02%. On average, analysts forecast that York Water will post 1.14 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.18 dividend. The ex-dividend date of this dividend was Monday, December 30th. This is a positive change from York Water’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.50%. York Water’s dividend payout ratio is 69.23%.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its position 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 valued at $28,923,000 after purchasing an additional 47,829 shares in the last quarter. Vanguard Group Inc. grew its position in York Water by 0.5% in the second quarter. Vanguard Group Inc. now owns 710,318 shares of the utilities provider’s stock worth $25,371,000 after acquiring an additional 3,359 shares during the period. Renaissance Technologies LLC grew its position in York Water by 5.2% in the second quarter. Renaissance Technologies LLC now owns 287,136 shares of the utilities provider’s stock worth $10,256,000 after acquiring an additional 14,100 shares during the period. State Street Corp grew its position in York Water by 1.9% in the third quarter. State Street Corp now owns 275,299 shares of the utilities provider’s stock worth $12,066,000 after acquiring an additional 5,109 shares during the period. Finally, Northern Trust Corp grew its position in York Water by 1.8% in the second quarter. Northern Trust Corp now owns 179,611 shares of the utilities provider’s stock worth $6,415,000 after acquiring an additional 3,229 shares during the period. Institutional investors and hedge funds own 38.98% of the company’s stock.
York Water Company Profile
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.
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