Shares of York Water Co (NASDAQ:YORW) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Analysts have set a 12-month consensus target price of $35.00 for the company and are predicting that the company will post $0.29 EPS for the current quarter, according to Zacks. Zacks has also assigned York Water an industry rank of 155 out of 255 based on the ratings given to related companies.
Several equities analysts have recently commented on the stock. BidaskClub raised shares of York Water from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 29th. Boenning Scattergood reaffirmed an “outperform” rating on shares of York Water in a research note on Thursday.
York Water stock opened at $30.33 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.48 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $392.62 million, a price-to-earnings ratio of 29.23 and a beta of 0.26. York Water has a twelve month low of $27.45 and a twelve month high of $39.00.
York Water (NASDAQ:YORW) last posted its quarterly earnings results on Thursday, August 2nd. The utilities provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. The business had revenue of $12.03 million during the quarter. York Water had a net margin of 27.42% and a return on equity of 11.14%.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be paid a dividend of $0.1666 per share. This represents a $0.67 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Thursday, September 27th.
Large investors have recently modified their holdings of the company. First Trust Advisors LP raised its stake in shares of York Water by 2.5% during the second quarter. First Trust Advisors LP now owns 137,546 shares of the utilities provider’s stock valued at $4,374,000 after acquiring an additional 3,384 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of York Water by 41.1% during the first quarter. JPMorgan Chase & Co. now owns 6,586 shares of the utilities provider’s stock valued at $204,000 after acquiring an additional 1,918 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of York Water by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 419,357 shares of the utilities provider’s stock valued at $13,000,000 after acquiring an additional 11,670 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of York Water by 185.9% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 19,839 shares of the utilities provider’s stock valued at $631,000 after acquiring an additional 12,900 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of York Water by 4.1% during the second quarter. Renaissance Technologies LLC now owns 196,200 shares of the utilities provider’s stock valued at $6,239,000 after acquiring an additional 7,800 shares during the last quarter. 34.37% of the stock is owned by hedge funds and other institutional investors.
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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