York Water (NASDAQ:YORW) Shares Cross Above 200-Day Moving Average – Here’s Why

Shares of The York Water Company (NASDAQ:YORW) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $31.58 and traded as high as $33.92. York Water shares last traded at $33.76, with a volume of 78,914 shares changing hands.

Wall Street Analysts Forecast Growth

YORW has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of York Water in a research note on Monday, December 29th. Wall Street Zen upgraded shares of York Water from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, York Water presently has an average rating of “Hold”.

York Water Stock Performance

The stock has a 50 day simple moving average of $32.46 and a 200 day simple moving average of $31.58. 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 company has a market cap of $487.49 million, a price-to-earnings ratio of 24.29 and a beta of 0.73.

York Water (NASDAQ:YORW) last announced its earnings results on Thursday, November 6th. The utilities provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.38 by $0.05. The business had revenue of $20.36 million for the quarter, compared to the consensus estimate of $21.00 million. York Water had a return on equity of 8.56% and a net margin of 26.06%. As a group, analysts predict that The York Water Company will post 1.43 EPS for the current year.

York Water Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a $0.228 dividend. This represents a $0.91 annualized dividend and a yield of 2.7%. This is a positive change from York Water’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, December 31st. York Water’s dividend payout ratio is 65.47%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in YORW. Wealth Enhancement Advisory Services LLC increased its stake in York Water by 21.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,934 shares of the utilities provider’s stock worth $283,000 after buying an additional 1,602 shares during the period. GAMMA Investing LLC grew its stake in shares of York Water by 211.4% during the fourth quarter. GAMMA Investing LLC now owns 1,367 shares of the utilities provider’s stock valued at $44,000 after acquiring an additional 928 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of York Water by 126.4% during the third quarter. JPMorgan Chase & Co. now owns 16,645 shares of the utilities provider’s stock worth $506,000 after acquiring an additional 9,294 shares during the last quarter. Penn Capital Management Company LLC lifted its stake in shares of York Water by 59.9% in the third quarter. Penn Capital Management Company LLC now owns 94,612 shares of the utilities provider’s stock worth $2,878,000 after acquiring an additional 35,447 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of York Water in the third quarter worth about $31,000. 49.86% of the stock is currently owned by hedge funds and other institutional investors.

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.