York Water (NASDAQ:YORW) Stock Price Passes Above 200-Day Moving Average – What’s Next?

The York Water Company (NASDAQ:YORW) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $31.31 and traded as high as $31.57. York Water shares last traded at $30.51, with a volume of 391,997 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of York Water in a research report on Wednesday, June 17th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, York Water currently has an average rating of “Hold”.

York Water Price Performance

The company has a market cap of $490.97 million, a PE ratio of 20.61 and a beta of 0.61. The firm’s 50-day moving average is $29.87 and its 200-day moving average is $31.28. The company has a quick ratio of 0.60, a current ratio of 0.72 and a debt-to-equity ratio of 0.94.

York Water (NASDAQ:YORW) last posted its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $0.33 EPS for the quarter, topping the consensus estimate of $0.31 by $0.02. York Water had a net margin of 26.84% and a return on equity of 8.89%. The business had revenue of $20.07 million for the quarter, compared to analyst estimates of $20.29 million.

York Water Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.228 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 3.0%. York Water’s dividend payout ratio (DPR) is presently 61.90%.

Insider Activity at York Water

In other news, CEO Joseph Thomas Hand bought 1,052 shares of the firm’s stock in a transaction on Thursday, April 16th. The shares were bought at an average price of $28.50 per share, for a total transaction of $29,982.00. Following the purchase, the chief executive officer owned 41,332 shares in the company, valued at approximately $1,177,962. The trade was a 2.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders bought a total of 1,566 shares of company stock valued at $44,855 over the last 90 days. 0.50% of the stock is owned by company insiders.

Institutional Trading of York Water

Hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC bought a new stake in shares of York Water in the 3rd quarter valued at approximately $31,000. Farther Finance Advisors LLC grew its holdings in shares of York Water by 62.4% in the fourth quarter. Farther Finance Advisors LLC now owns 1,148 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 441 shares during the last quarter. Parallel Advisors LLC increased its stake in York Water by 589.5% in the 3rd quarter. Parallel Advisors LLC now owns 1,179 shares of the utilities provider’s stock worth $36,000 after buying an additional 1,008 shares during the period. GAMMA Investing LLC increased its stake in York Water by 211.4% in the 4th quarter. GAMMA Investing LLC now owns 1,367 shares of the utilities provider’s stock worth $44,000 after buying an additional 928 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in York Water by 86.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,411 shares of the utilities provider’s stock valued at $45,000 after buying an additional 656 shares in the last quarter. Hedge funds and other institutional investors 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.