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

Share on StockTwits

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.

York Water (NASDAQ:YORW) last issued its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. The firm had revenue of $13.68 million during the quarter, compared to the consensus estimate of $13.00 million. York Water had a return on equity of 11.43% and a net margin of 29.02%. On average, equities analysts forecast that York Water Co will post 1.14 earnings per share for the current fiscal 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 $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

Receive News & Ratings for York Water Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for York Water and related companies with MarketBeat.com's FREE daily email newsletter.