York Water Co (NASDAQ:YORW) reached a new 52-week high during trading on Thursday . The company traded as high as $47.70 and last traded at $47.70, with a volume of 1663 shares trading hands. The stock had previously closed at $46.11.
A number of equities research analysts have commented on the company. BidaskClub upgraded York Water from a “hold” rating to a “buy” rating in a research report on Thursday. ValuEngine downgraded York Water from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research downgraded York Water from a “buy” rating to a “hold” rating in a research note on Saturday, January 11th. Three investment 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 a consensus price target of $39.50.
The stock has a market capitalization of $613.78 million, a PE ratio of 45.67 and a beta of 0.22. The firm has a 50 day moving average price of $45.22 and a 200 day moving average price of $41.05. The company has a quick ratio of 0.52, a current ratio of 0.59 and a debt-to-equity ratio of 0.71.
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 $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 annualized dividend and a dividend yield of 1.52%. York Water’s dividend payout ratio is currently 69.23%.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Tortoise Capital Advisors L.L.C. boosted its holdings in shares of York Water by 2,848.8% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 1,209 shares of the utilities provider’s stock worth $43,000 after acquiring an additional 1,168 shares during the period. Bank of Montreal Can raised its position in shares of York Water by 160.6% in the second quarter. Bank of Montreal Can now owns 1,751 shares of the utilities provider’s stock worth $63,000 after buying an additional 1,079 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of York Water in the third quarter worth $212,000. Russell Investments Group Ltd. purchased a new stake in shares of York Water in the third quarter worth $273,000. Finally, Chicago Equity Partners LLC raised its position in shares of York Water by 77.2% in the third quarter. Chicago Equity Partners LLC now owns 13,470 shares of the utilities provider’s stock worth $588,000 after buying an additional 5,870 shares in the last quarter. 38.98% of the stock is owned by institutional investors and hedge funds.
About York Water (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: Neutral Rating
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