York Water (NASDAQ:YORW) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

The York Water Company (NASDAQ:YORW)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $31.74 and traded as high as $33.38. York Water shares last traded at $32.49, with a volume of 89,769 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of York Water in a research note on Monday, December 29th. Wall Street Zen raised York Water from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, York Water presently has an average rating of “Hold”.

York Water Stock Performance

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 stock has a market cap of $469.16 million, a price-to-earnings ratio of 23.37 and a beta of 0.72. The company’s 50-day simple moving average is $32.89 and its 200-day simple moving average is $31.74.

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

York Water Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, February 27th will be issued a $0.228 dividend. This represents a $0.91 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, February 27th. York Water’s dividend payout ratio (DPR) is presently 65.47%.

Institutional Investors Weigh In On York Water

Several hedge funds have recently made changes to their positions in YORW. Versant Capital Management Inc boosted its stake in York Water by 290.7% in the 3rd quarter. Versant Capital Management Inc now owns 922 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 686 shares during the period. Advisory Services Network LLC purchased a new stake in shares of York Water in the third quarter valued at $31,000. Parallel Advisors LLC lifted its holdings in shares of York Water by 589.5% in the third quarter. Parallel Advisors LLC now owns 1,179 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 1,008 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of York Water by 62.4% in the fourth quarter. Farther Finance Advisors LLC now owns 1,148 shares of the utilities provider’s stock worth $37,000 after buying an additional 441 shares during the period. Finally, AlphaQuest LLC grew its holdings in shares of York Water by 700.0% during the second quarter. AlphaQuest LLC now owns 1,232 shares of the utilities provider’s stock valued at $39,000 after buying an additional 1,078 shares in the last quarter. Hedge funds and other 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.