York Water Co (NASDAQ:YORW) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 209,800 shares, a decline of 8.0% from the December 15th total of 228,100 shares. Approximately 1.6% of the shares of the company are short sold. Based on an average daily trading volume, of 36,400 shares, the short-interest ratio is currently 5.8 days.
YORW opened at $45.30 on Wednesday. The stock has a market cap of $578.51 million, a PE ratio of 43.56 and a beta of 0.22. The company has a current ratio of 0.59, a quick ratio of 0.52 and a debt-to-equity ratio of 0.71. York Water has a 1 year low of $30.76 and a 1 year high of $47.27. The stock’s 50 day simple moving average is $45.17 and its 200-day simple moving average is $40.99.
York Water (NASDAQ:YORW) last released its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $13.68 million for the quarter, compared to analysts’ expectations of $13.00 million. York Water had a return on equity of 11.43% and a net margin of 29.02%. Equities analysts forecast that York Water will post 1.14 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.18 per share. The ex-dividend date is Monday, December 30th. This is a boost from York Water’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.59%. York Water’s payout ratio is currently 69.23%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nuveen Asset Management LLC acquired a new stake in York Water in the 2nd quarter valued at $1,908,000. BlackRock Inc. boosted 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 buying an additional 47,829 shares in the last quarter. First Trust Advisors LP boosted its stake in York Water by 23.8% in the 3rd quarter. First Trust Advisors LP now owns 152,733 shares of the utilities provider’s stock valued at $6,668,000 after buying an additional 29,377 shares in the last quarter. Renaissance Technologies LLC boosted its stake in York Water by 5.2% in the 2nd quarter. Renaissance Technologies LLC now owns 287,136 shares of the utilities provider’s stock valued at $10,256,000 after buying an additional 14,100 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in York Water by 85.9% in the 3rd quarter. California Public Employees Retirement System now owns 25,843 shares of the utilities provider’s stock valued at $1,128,000 after buying an additional 11,942 shares in the last quarter. Institutional investors and hedge funds own 38.98% of the company’s stock.
YORW has been the topic of several recent analyst reports. Zacks Investment Research downgraded York Water from a “buy” rating to a “hold” rating in a research report on Saturday. ValuEngine cut York Water from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, BidaskClub cut York Water from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $39.50.
About York Water
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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