York Water Co (NASDAQ:YORW) has earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Analysts have set a 12 month consensus price objective of $35.00 for the company and are predicting that the company will post $0.25 earnings per share for the current quarter, according to Zacks. Zacks has also assigned York Water an industry rank of 94 out of 257 based on the ratings given to its competitors.
Several analysts recently issued reports on the company. BidaskClub downgraded York Water from a “sell” rating to a “strong sell” rating in a report on Friday, September 21st. ValuEngine raised York Water from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Finally, Boenning Scattergood reissued an “outperform” rating on shares of York Water in a report on Thursday, October 11th.
A number of institutional investors have recently made changes to their positions in the business. Cutler Group LP raised its stake in shares of York Water by 214.5% in the 3rd quarter. Cutler Group LP now owns 5,494 shares of the utilities provider’s stock worth $168,000 after buying an additional 3,747 shares in the last quarter. Sowell Financial Services LLC bought a new stake in shares of York Water in the 3rd quarter worth $225,000. MetLife Investment Advisors LLC raised its stake in shares of York Water by 48.7% in the 3rd quarter. MetLife Investment Advisors LLC now owns 9,953 shares of the utilities provider’s stock worth $303,000 after buying an additional 3,258 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of York Water by 22.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 10,157 shares of the utilities provider’s stock worth $323,000 after buying an additional 1,833 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in shares of York Water in the 3rd quarter worth $378,000. 35.09% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ YORW opened at $32.70 on Tuesday. The company has a market capitalization of $421.19 million, a P/E ratio of 32.38 and a beta of 0.20. York Water has a 12-month low of $27.45 and a 12-month high of $39.00. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.38 and a current ratio of 0.43.
York Water (NASDAQ:YORW) last announced its quarterly earnings results on Friday, November 2nd. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.29. The business had revenue of $12.70 million for the quarter, compared to the consensus estimate of $12.44 million. York Water had a return on equity of 10.88% and a net margin of 27.15%. On average, research analysts forecast that York Water will post 1 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be paid a dividend of $0.173 per share. The ex-dividend date of this dividend is Friday, December 28th. This represents a $0.69 annualized dividend and a yield of 2.12%. This is an increase from York Water’s previous quarterly dividend of $0.17. York Water’s payout ratio is presently 66.34%.
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 together hold up to approximately 2.2 billion gallons of water.
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