Shares of The York Water Company (NASDAQ:YORW) have been assigned an average broker rating score of 5.00 (Strong Sell) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell recommendation.
Brokers have set a 1-year consensus price objective of $27.00 for the company, according to Zacks. Zacks has also assigned The York Water an industry rank of 199 out of 265 based on the ratings given to its competitors.
YORW has been the subject of a number of analyst reports. Zacks Investment Research lowered The York Water from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. BidaskClub lowered The York Water from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st.
A number of hedge funds have recently made changes to their positions in YORW. Russell Investments Group Ltd. acquired a new position in The York Water during the 1st quarter worth $156,000. Bank of New York Mellon Corp boosted its position in The York Water by 4.8% during the 1st quarter. Bank of New York Mellon Corp now owns 100,534 shares of the utilities provider’s stock worth $3,523,000 after acquiring an additional 4,577 shares during the period. Karp Capital Management Corp acquired a new position in The York Water during the 1st quarter worth $206,000. Parametric Portfolio Associates LLC boosted its position in The York Water by 482.2% during the 1st quarter. Parametric Portfolio Associates LLC now owns 145,019 shares of the utilities provider’s stock worth $5,083,000 after acquiring an additional 120,112 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in The York Water by 2.9% during the 1st quarter. JPMorgan Chase & Co. now owns 16,137 shares of the utilities provider’s stock worth $566,000 after acquiring an additional 451 shares during the period. Institutional investors own 35.39% of the company’s stock.
Shares of The York Water (YORW) traded down 0.28% during midday trading on Thursday, hitting $36.25. The company had a trading volume of 32,504 shares. The stock’s 50-day moving average price is $33.82 and its 200-day moving average price is $34.61. The York Water has a 12 month low of $28.70 and a 12 month high of $39.86. The company has a market cap of $465.70 million, a price-to-earnings ratio of 38.98 and a beta of 0.58.
The York Water (NASDAQ:YORW) last released its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. The York Water had a return on equity of 10.52% and a net margin of 25.05%. The business had revenue of $12.30 million during the quarter, compared to analyst estimates of $12.21 million. During the same quarter in the previous year, the firm posted $0.23 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities research analysts forecast that The York Water will post $0.96 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.64 dividend on an annualized basis and a yield of 1.77%. The York Water’s dividend payout ratio (DPR) is presently 68.82%.
The York Water Company Profile
The York Water Company is an investor-owned water utility in the United States. The primary business of the Company is to impound, purify to meet or exceed safe drinking water standards and distribute water. As of December 31, 2016, it also owned and operated three wastewater collection systems and two wastewater treatment systems.
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