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

The York Water Company (NASDAQ:YORW)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $31.66 and traded as high as $33.74. York Water shares last traded at $33.24, with a volume of 43,669 shares traded.

Analyst Ratings Changes

YORW has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of York Water in a report on Monday, December 29th. Wall Street Zen raised York Water from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

York Water Stock Up 0.2%

The company’s 50 day simple moving average is $32.70 and its 200-day simple moving average is $31.66. The company has a current ratio of 1.15, a quick ratio of 0.95 and a debt-to-equity ratio of 0.95. The firm has a market cap of $479.99 million, a P/E ratio of 23.91 and a beta of 0.73.

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

York Water Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.228 per share. The ex-dividend date was Wednesday, December 31st. This represents a $0.91 dividend on an annualized basis and a yield of 2.7%. This is a boost from York Water’s previous quarterly dividend of $0.22. York Water’s dividend payout ratio (DPR) is presently 65.47%.

Institutional Trading of York Water

Large investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in York Water by 8.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,476 shares of the utilities provider’s stock valued at $398,000 after acquiring an additional 937 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of York Water during the 1st quarter valued at about $263,000. Jane Street Group LLC bought a new stake in shares of York Water during the 1st quarter valued at about $498,000. Ballentine Partners LLC purchased a new stake in shares of York Water during the 2nd quarter valued at about $229,000. Finally, Inspire Investing LLC lifted its stake in shares of York Water by 25.3% in the 2nd quarter. Inspire Investing LLC now owns 12,402 shares of the utilities provider’s stock worth $392,000 after purchasing an additional 2,504 shares during the period. Institutional investors own 49.86% of the company’s stock.

About York Water

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.