York Water (NASDAQ:YORW) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

The York Water Company (NASDAQ:YORW) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $31.31 and traded as high as $31.57. York Water shares last traded at $30.51, with a volume of 391,997 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of York Water in a research note on Wednesday, June 17th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, York Water currently has an average rating of “Hold”.

York Water Stock Down 0.9%

The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.60 and a current ratio of 0.72. The firm’s 50 day moving average price is $29.87 and its two-hundred day moving average price is $31.31. The company has a market cap of $494.57 million, a P/E ratio of 20.76 and a beta of 0.61.

York Water (NASDAQ:YORW) last issued its earnings results on Tuesday, May 5th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.02. The business had revenue of $20.07 million for the quarter, compared to analyst estimates of $20.29 million. York Water had a net margin of 26.84% and a return on equity of 8.89%.

York Water Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 30th. York Water’s payout ratio is presently 61.90%.

Insiders Place Their Bets

In other news, CEO Joseph Thomas Hand bought 1,052 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The shares were bought at an average cost of $28.50 per share, for a total transaction of $29,982.00. Following the acquisition, the chief executive officer directly owned 41,332 shares in the company, valued at approximately $1,177,962. This trade represents a 2.61% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders purchased 1,566 shares of company stock worth $44,855. 0.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Penn Capital Management Company LLC lifted its position in shares of York Water by 59.9% during the 3rd quarter. Penn Capital Management Company LLC now owns 94,612 shares of the utilities provider’s stock valued at $2,878,000 after buying an additional 35,447 shares during the last quarter. John G Ullman & Associates Inc. purchased a new stake in York Water in the 4th quarter worth about $1,180,000. CenterBook Partners LP raised its stake in York Water by 156.1% in the 4th quarter. CenterBook Partners LP now owns 88,060 shares of the utilities provider’s stock valued at $2,804,000 after acquiring an additional 53,677 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in York Water by 36.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 326,730 shares of the utilities provider’s stock valued at $9,949,000 after purchasing an additional 86,917 shares during the last quarter. Finally, Inspire Investing LLC lifted its holdings in York Water by 14.7% during the first quarter. Inspire Investing LLC now owns 16,853 shares of the utilities provider’s stock valued at $513,000 after purchasing an additional 2,154 shares during the last quarter. Hedge funds and other 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.