York Water (NASDAQ:YORW) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of York Water (NASDAQ:YORW) from a sell rating to a hold rating in a research report sent to investors on Friday.

York Water Stock Performance

York Water stock opened at $31.89 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.68 and a debt-to-equity ratio of 0.87. The firm has a 50-day moving average of $33.75 and a 200-day moving average of $33.39. The firm has a market cap of $459.22 million, a P/E ratio of 21.55 and a beta of 0.72. York Water has a 1-year low of $29.86 and a 1-year high of $41.96.

York Water (NASDAQ:YORW) last issued its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.08). The company had revenue of $18.46 million during the quarter, compared to analysts’ expectations of $19.00 million. York Water had a return on equity of 9.44% and a net margin of 28.57%. Sell-side analysts expect that York Water will post 1.43 EPS for the current year.

York Water Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.2192 per share. The ex-dividend date is Monday, June 30th. This represents a $0.88 annualized dividend and a yield of 2.75%. York Water’s payout ratio is 63.50%.

Institutional Trading of York Water

Large investors have recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new stake in York Water during the 4th quarter valued at approximately $434,000. Hsbc Holdings PLC bought a new stake in York Water during the 4th quarter valued at approximately $349,000. Rhumbline Advisers boosted its position in York Water by 6.4% during the 4th quarter. Rhumbline Advisers now owns 25,755 shares of the utilities provider’s stock valued at $843,000 after acquiring an additional 1,560 shares in the last quarter. JPMorgan Chase & Co. boosted its position in York Water by 49.3% during the 4th quarter. JPMorgan Chase & Co. now owns 45,325 shares of the utilities provider’s stock valued at $1,483,000 after acquiring an additional 14,957 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in York Water by 7.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,539 shares of the utilities provider’s stock valued at $345,000 after acquiring an additional 742 shares in the last quarter. 49.86% of the stock is owned by institutional investors.

York Water Company Profile

The York Water Company impounds, purifies, and distributes drinking water. It owns and operates three wastewater collection systems; ten wastewater collection and treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. The company also operates a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns satellite groundwater systems in York, Adams, and Lancaster Counties, as well as two impounding dams on primary system located in York and Springfield Townships.