According to Zacks, “The York Water Company impounds, purifies and distributes water. They are regulated by the Pennsylvania Public Utility Commission in the areas of billing, payment procedures, dispute processing, terminations, service territory, and rate setting. They must obtain PPUC approval before changing any of the aforementioned procedures. “
A number of other equities research analysts have also commented on YORW. Janney Montgomery Scott lowered Avid Bioservices from a buy rating to a neutral rating and lowered their price target for the company from $10.00 to $5.00 in a research report on Thursday, May 9th. BidaskClub raised Zai Lab from a sell rating to a hold rating in a research report on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $37.00.
Shares of NASDAQ:YORW opened at $35.49 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.83 and a quick ratio of 0.73. York Water has a twelve month low of $28.95 and a twelve month high of $36.86. The stock’s 50 day moving average price is $35.23. The firm has a market capitalization of $459.95 million, a price-to-earnings ratio of 34.13 and a beta of 0.23.
York Water (NASDAQ:YORW) last issued its earnings results on Tuesday, May 7th. The utilities provider reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). York Water had a return on equity of 10.88% and a net margin of 27.96%. The firm had revenue of $11.83 million for the quarter, compared to analyst estimates of $12.00 million. As a group, research analysts anticipate that York Water will post 1.1 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a $0.1733 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Thursday, June 27th. York Water’s payout ratio is currently 66.35%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. raised its position in York Water by 103.8% in the 4th quarter. Advisor Group Inc. now owns 954 shares of the utilities provider’s stock valued at $31,000 after buying an additional 486 shares during the last quarter. Sageworth Trust Co bought a new position in York Water in the 1st quarter valued at $55,000. Legal & General Group Plc grew its stake in York Water by 21.4% in the 4th quarter. Legal & General Group Plc now owns 2,516 shares of the utilities provider’s stock valued at $80,000 after purchasing an additional 443 shares during the period. BNP Paribas Arbitrage SA grew its stake in York Water by 11,582.6% in 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 period. Finally, Metropolitan Life Insurance Co. NY grew its stake in York Water by 390.2% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,093 shares of the utilities provider’s stock valued at $131,000 after purchasing an additional 3,258 shares during the period. 36.99% of the stock is owned by institutional investors and hedge funds.
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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