York Water (NASDAQ:YORW) Stock Rating Lowered by BidaskClub

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BidaskClub lowered shares of York Water (NASDAQ:YORW) from a buy rating to a hold rating in a research report report published on Wednesday morning, BidAskClub reports.

Separately, Zacks Investment Research reaffirmed a buy rating and set a $42.00 target price on shares of York Water in a research report on Sunday, September 8th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $39.50.

Shares of NASDAQ YORW opened at $39.31 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.82 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $504.36 million, a PE ratio of 37.80 and a beta of 0.17. The stock’s fifty day simple moving average is $37.24 and its two-hundred day simple moving average is $35.33. York Water has a 12-month low of $29.10 and a 12-month high of $39.57.

York Water (NASDAQ:YORW) last announced its earnings results on Friday, August 2nd. The utilities provider reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. The business had revenue of $13.05 million for the quarter, compared to analysts’ expectations of $12.00 million. York Water had a return on equity of 11.06% and a net margin of 28.21%. On average, equities analysts predict that York Water will post 1.13 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.173 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.69 annualized dividend and a dividend yield of 1.76%. York Water’s dividend payout ratio is presently 66.35%.

Several institutional investors and hedge funds have recently modified their holdings of YORW. Dimensional Fund Advisors LP lifted its holdings in shares of York Water by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 441,459 shares of the utilities provider’s stock valued at $14,153,000 after purchasing an additional 2,535 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of York Water by 11,582.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,687 shares of the utilities provider’s stock valued at $92,000 after purchasing an additional 2,664 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of York Water by 3.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 12,618 shares of the utilities provider’s stock valued at $433,000 after purchasing an additional 369 shares during the last quarter. Penn Capital Management Co. Inc. purchased a new stake in shares of York Water during the 1st quarter valued at $3,074,000. Finally, Cadence Capital Management LLC lifted its holdings in shares of York Water by 1.8% during the 1st quarter. Cadence Capital Management LLC now owns 36,786 shares of the utilities provider’s stock valued at $1,262,000 after purchasing an additional 635 shares during the last quarter. Hedge funds and other institutional investors own 37.12% 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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