York Water (NASDAQ:YORW) Issues Quarterly Earnings Results, Beats Expectations By $0.04 EPS

York Water (NASDAQ:YORW) posted its quarterly earnings data on Tuesday. The utilities provider reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04, FiscalAI reports. The company had revenue of $19.47 million during the quarter, compared to analysts’ expectations of $20.00 million. York Water had a net margin of 26.06% and a return on equity of 8.56%.

York Water Price Performance

Shares of York Water stock traded up $0.49 on Wednesday, hitting $33.73. 24,150 shares of the company were exchanged, compared to its average volume of 72,688. The company has a quick ratio of 0.95, a current ratio of 1.15 and a debt-to-equity ratio of 0.95. The company has a 50-day moving average price of $32.84 and a 200 day moving average price of $32.02. The stock has a market capitalization of $487.06 million, a price-to-earnings ratio of 24.27 and a beta of 0.73. York Water has a 1-year low of $29.68 and a 1-year high of $36.48.

York Water Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, February 27th will be paid a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, February 27th. York Water’s dividend payout ratio (DPR) is 65.47%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Wall Street Zen raised shares of York Water from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of York Water in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Hedge Funds Weigh In On York Water

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC purchased a new position in shares of York Water during the 3rd quarter worth $31,000. Parallel Advisors LLC grew its holdings in shares of York Water by 589.5% in the third quarter. Parallel Advisors LLC now owns 1,179 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 1,008 shares during the period. Tower Research Capital LLC TRC increased its position in York Water by 86.9% during the second quarter. Tower Research Capital LLC TRC now owns 1,411 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 656 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in York Water by 189.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,533 shares of the utilities provider’s stock worth $49,000 after purchasing an additional 1,004 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in York Water during the fourth quarter worth about $67,000. Institutional investors and hedge funds own 49.86% of the company’s stock.

About York Water

York Water Company (NASDAQ: YORW) is an investor-owned regulated water utility headquartered in York, Pennsylvania. Founded in 1816, it is the oldest publicly traded water utility in the United States. The company’s principal operations involve the collection, treatment and distribution of potable water to residential, commercial and industrial customers under rate schedules approved by the Pennsylvania Public Utility Commission.

York Water Company’s service territory covers portions of south-central Pennsylvania, including York County and neighboring Adams and Franklin counties.