Shares of The York Water Company (NASDAQ:YORW) have earned a consensus broker rating score of 5.00 (Strong Sell) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong sell recommendation.

Brokerages have set a one year consensus price objective of $27.00 for the company, according to Zacks. Zacks has also assigned The York Water an industry rank of 195 out of 265 based on the ratings given to related companies.

A number of equities research analysts have issued reports on YORW shares. Zacks Investment Research raised The York Water from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Wednesday, May 17th. BidaskClub cut The York Water from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st.

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A number of institutional investors have recently made changes to their positions in YORW. Russell Investments Group Ltd. bought a new stake in The York Water during the first quarter worth approximately $156,000. Karp Capital Management Corp bought a new stake in The York Water during the first quarter worth approximately $206,000. Campbell & CO Investment Adviser LLC bought a new stake in The York Water during the second quarter worth approximately $206,000. Aperio Group LLC boosted its position in The York Water by 2.1% during the second quarter. Aperio Group LLC now owns 5,988 shares of the utilities provider’s stock worth $209,000 after purchasing an additional 123 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in The York Water by 10.0% during the second quarter. Janney Montgomery Scott LLC now owns 6,635 shares of the utilities provider’s stock worth $231,000 after purchasing an additional 602 shares during the period. 35.39% of the stock is owned by hedge funds and other institutional investors.

The York Water (NASDAQ YORW) traded up 1.23% during mid-day trading on Thursday, hitting $32.85. 7,334 shares of the stock were exchanged. The York Water has a 52 week low of $27.81 and a 52 week high of $39.86. The company has a 50 day moving average price of $33.54 and a 200 day moving average price of $34.70. The stock has a market cap of $422.02 million, a price-to-earnings ratio of 35.32 and a beta of 0.59.

The York Water (NASDAQ:YORW) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The business had revenue of $12.30 million during the quarter, compared to analysts’ expectations of $12.21 million. The York Water had a return on equity of 10.52% and a net margin of 25.05%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.23 EPS. Analysts expect that The York Water will post $0.96 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a dividend of $0.16 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.64 dividend on an annualized basis and a yield of 1.97%. The York Water’s payout ratio is currently 68.82%.

About The York Water

The York Water Company is an investor-owned water utility in the United States. The primary business of the Company is to impound, purify to meet or exceed safe drinking water standards and distribute water. As of December 31, 2016, it also owned and operated three wastewater collection systems and two wastewater treatment systems.

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