York Water (NASDAQ:YORW) Shares Up 3.1% – Here’s What Happened

The York Water Company (NASDAQ:YORW)’s share price traded up 3.1% on Friday . The company traded as high as $34.74 and last traded at $34.85. 20,322 shares were traded during mid-day trading, a decline of 63% from the average session volume of 55,579 shares. The stock had previously closed at $33.79.

York Water Stock Up 2.6 %

The firm’s 50-day moving average is $32.77 and its two-hundred day moving average is $34.48. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.68 and a current ratio of 0.88. The stock has a market cap of $498.72 million, a P/E ratio of 23.42 and a beta of 0.61.

York Water (NASDAQ:YORW) last released its earnings results on Tuesday, March 4th. The utilities provider reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The firm had revenue of $18.87 million for the quarter, compared to the consensus estimate of $19.00 million. York Water had a return on equity of 9.44% and a net margin of 28.57%. On average, equities research analysts anticipate that The York Water Company will post 1.43 earnings per share for the current year.

York Water Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, February 28th will be given a dividend of $0.2192 per share. The ex-dividend date is Friday, February 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.53%. York Water’s payout ratio is presently 61.27%.

Institutional Investors Weigh In On York Water

Institutional investors have recently modified their holdings of the business. PDT Partners LLC boosted its stake in York Water by 7.0% in the third quarter. PDT Partners LLC now owns 10,136 shares of the utilities provider’s stock valued at $380,000 after acquiring an additional 663 shares during the last quarter. Martingale Asset Management L P boosted its position in shares of York Water by 3.0% in the 4th quarter. Martingale Asset Management L P now owns 22,785 shares of the utilities provider’s stock worth $746,000 after purchasing an additional 670 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of York Water by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 117,405 shares of the utilities provider’s stock worth $3,841,000 after purchasing an additional 739 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of York Water by 7.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,539 shares of the utilities provider’s stock worth $345,000 after purchasing an additional 742 shares during the period. Finally, Fulton Bank N.A. increased its holdings in York Water by 4.7% in the fourth quarter. Fulton Bank N.A. now owns 16,600 shares of the utilities provider’s stock valued at $543,000 after purchasing an additional 750 shares during the last quarter. Institutional investors and hedge funds own 49.86% of the company’s stock.

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.