York Water (NASDAQ:YORW) Share Price Crosses Above 200-Day Moving Average – Here’s Why

The York Water Company (NASDAQ:YORW) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $31.59 and traded as high as $32.86. York Water shares last traded at $32.44, with a volume of 49,899 shares traded.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on YORW shares. Weiss Ratings reissued a “hold (c)” rating on shares of York Water in a research report on Monday. Wall Street Zen raised shares of York Water from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, York Water currently has a consensus rating of “Hold”.

York Water Trading Down 0.8%

The business has a 50-day moving average price of $32.39 and a 200-day moving average price of $31.59. The company has a quick ratio of 0.95, a current ratio of 1.15 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $468.43 million, a P/E ratio of 23.34 and a beta of 0.73.

York Water (NASDAQ:YORW) last posted its quarterly earnings results on Thursday, November 6th. The utilities provider reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The firm had revenue of $20.36 million for the quarter, compared to the consensus estimate of $21.00 million. York Water had a net margin of 26.06% and a return on equity of 8.56%. Analysts anticipate that The York Water Company will post 1.43 earnings per share for the current year.

York Water Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.228 per share. This is an increase from York Water’s previous quarterly dividend of $0.22. The ex-dividend date is Wednesday, December 31st. This represents a $0.91 annualized dividend and a dividend yield of 2.8%. York Water’s dividend payout ratio (DPR) is presently 63.31%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Zimmer Partners LP boosted its holdings in York Water by 1.4% during the first quarter. Zimmer Partners LP now owns 757,623 shares of the utilities provider’s stock valued at $26,274,000 after purchasing an additional 10,680 shares in the last quarter. Legal & General Group Plc lifted its position in shares of York Water by 46.1% during the 3rd quarter. Legal & General Group Plc now owns 379,692 shares of the utilities provider’s stock worth $11,550,000 after buying an additional 119,809 shares during the period. Geode Capital Management LLC boosted its stake in York Water by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 353,661 shares of the utilities provider’s stock valued at $11,178,000 after buying an additional 4,965 shares in the last quarter. ProShare Advisors LLC boosted its stake in York Water by 7.8% in the 3rd quarter. ProShare Advisors LLC now owns 202,962 shares of the utilities provider’s stock valued at $6,174,000 after buying an additional 14,680 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in York Water by 204.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 194,436 shares of the utilities provider’s stock valued at $5,915,000 after acquiring an additional 130,613 shares during the period. Institutional investors own 49.86% of the company’s stock.

York Water Company Profile

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.