York Water (NASDAQ:YORW) Lifted to “Hold” at StockNews.com

StockNews.com upgraded shares of York Water (NASDAQ:YORW) from a sell rating to a hold rating in a report published on Friday.

York Water Stock Up 0.6 %

NASDAQ:YORW opened at $38.98 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.78 and a debt-to-equity ratio of 0.85. The stock’s fifty day moving average is $38.79 and its two-hundred day moving average is $37.00. York Water has a 52 week low of $33.32 and a 52 week high of $41.96. The stock has a market capitalization of $559.17 million, a price-to-earnings ratio of 22.93 and a beta of 0.63.

York Water (NASDAQ:YORW) last announced its quarterly earnings data on Friday, August 2nd. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.10). The company had revenue of $18.75 million during the quarter, compared to analyst estimates of $19.00 million. York Water had a net margin of 31.27% and a return on equity of 10.32%. Research analysts anticipate that York Water will post 1.43 EPS for the current year.

York Water Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.2108 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Monday, September 30th. York Water’s dividend payout ratio (DPR) is 49.41%.

Institutional Trading of York Water

Institutional investors have recently bought and sold shares of the business. Assenagon Asset Management S.A. acquired a new stake in shares of York Water during the first quarter worth about $1,720,000. Russell Investments Group Ltd. increased its position in shares of York Water by 22.7% during the fourth quarter. Russell Investments Group Ltd. now owns 107,026 shares of the utilities provider’s stock worth $4,133,000 after purchasing an additional 19,827 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of York Water during the second quarter worth about $339,000. State Board of Administration of Florida Retirement System acquired a new stake in shares of York Water during the first quarter worth about $330,000. Finally, Panagora Asset Management Inc. acquired a new stake in shares of York Water during the fourth quarter worth about $306,000. 49.86% of the stock is owned by hedge funds and other institutional investors.

York Water Company Profile

The York Water Company impounds, purifies, and distributes drinking water. It owns and operates three wastewater collection systems; ten wastewater collection and treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. The company also operates a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns satellite groundwater systems in York, Adams, and Lancaster Counties, as well as two impounding dams on primary system located in York and Springfield Townships.