York Water (NASDAQ:YORW)‘s stock had its “hold” rating reiterated by Zacks Investment Research in a report released on Saturday.

According to Zacks, “The York Water Company impounds, purifies and distributes water. They are regulated by the Pennsylvania Public Utility Commission in the areas of billing, payment procedures, dispute processing, terminations, service territory, and rate setting. They must obtain PPUC approval before changing any of the aforementioned procedures. “

Separately, BidaskClub cut York Water from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th.

York Water (YORW) traded down $0.20 during trading on Friday, hitting $31.95. The company had a trading volume of 19,914 shares, compared to its average volume of 24,136. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.85 and a quick ratio of 0.77. York Water has a 12 month low of $31.70 and a 12 month high of $39.86. The stock has a market capitalization of $413.46, a PE ratio of 32.94 and a beta of 0.57.

York Water (NASDAQ:YORW) last released its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.31 EPS for the quarter, beating the consensus estimate of $0.28 by $0.03. York Water had a return on equity of 10.75% and a net margin of 25.75%. The company had revenue of $12.69 million for the quarter. research analysts anticipate that York Water will post 0.99 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in YORW. Russell Investments Group Ltd. boosted its position in York Water by 116.1% in the second quarter. Russell Investments Group Ltd. now owns 9,646 shares of the utilities provider’s stock worth $336,000 after purchasing an additional 5,183 shares during the last quarter. Bank of New York Mellon Corp boosted its position in York Water by 5.3% in the second quarter. Bank of New York Mellon Corp now owns 105,838 shares of the utilities provider’s stock worth $3,689,000 after purchasing an additional 5,304 shares during the last quarter. Principal Financial Group Inc. boosted its position in York Water by 45.9% in the second quarter. Principal Financial Group Inc. now owns 18,101 shares of the utilities provider’s stock worth $631,000 after purchasing an additional 5,693 shares during the last quarter. Wells Fargo & Company MN boosted its position in York Water by 4.7% in the second quarter. Wells Fargo & Company MN now owns 32,248 shares of the utilities provider’s stock worth $1,124,000 after purchasing an additional 1,460 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in York Water by 35.8% in the second quarter. Alliancebernstein L.P. now owns 14,540 shares of the utilities provider’s stock worth $507,000 after purchasing an additional 3,832 shares during the last quarter. 33.66% of the stock is currently owned by institutional investors and hedge funds.

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York Water Company Profile

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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