Several other brokerages also recently issued reports on YORW. Zacks Investment Research restated a hold rating on shares of York Water in a research report on Saturday, October 12th. ValuEngine lowered York Water from a buy rating to a hold rating in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $39.50.
NASDAQ:YORW opened at $44.58 on Thursday. The company has a current ratio of 0.59, a quick ratio of 0.52 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $576.82 million, a P/E ratio of 38.96 and a beta of 0.19. The firm has a 50-day moving average price of $43.22 and a two-hundred day moving average price of $38.96. York Water has a twelve month low of $29.88 and a twelve month high of $45.73.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.62%. This is a positive change from York Water’s previous quarterly dividend of $0.17. York Water’s dividend payout ratio (DPR) is presently 66.35%.
A number of institutional investors have recently bought and sold shares of YORW. BlackRock Inc. raised its stake in York Water by 6.3% in the 2nd quarter. BlackRock Inc. now owns 809,717 shares of the utilities provider’s stock valued at $28,923,000 after purchasing an additional 47,829 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of York Water by 0.5% during the second quarter. Vanguard Group Inc. now owns 710,318 shares of the utilities provider’s stock worth $25,371,000 after buying an additional 3,359 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of York Water by 5.2% during the second quarter. Renaissance Technologies LLC now owns 287,136 shares of the utilities provider’s stock worth $10,256,000 after buying an additional 14,100 shares in the last quarter. State Street Corp raised its position in shares of York Water by 1.9% in the third quarter. State Street Corp now owns 275,299 shares of the utilities provider’s stock valued at $12,066,000 after buying an additional 5,109 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of York Water by 1.8% in the second quarter. Northern Trust Corp now owns 179,611 shares of the utilities provider’s stock valued at $6,415,000 after buying an additional 3,229 shares during the last quarter. Hedge funds and other institutional investors own 38.98% of the company’s stock.
York Water Company Profile
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.
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