The York Water Company (NASDAQ:YORW) has received a consensus broker rating score of 5.00 (Strong Sell) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell recommendation.
Brokers have set a 1 year consensus price objective of $27.00 for the company, according to Zacks. Zacks has also given The York Water an industry rank of 110 out of 265 based on the ratings given to related companies.
Several analysts have recently commented on YORW shares. BidaskClub downgraded The York Water from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research downgraded The York Water from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th.
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Several institutional investors have recently modified their holdings of YORW. Russell Investments Group Ltd. bought a new position in shares of The York Water in the first quarter valued at approximately $156,000. Karp Capital Management Corp bought a new position in shares of The York Water in the first quarter valued at approximately $206,000. Campbell & CO Investment Adviser LLC bought a new position in shares of The York Water in the second quarter valued at approximately $206,000. Aperio Group LLC grew its holdings in shares of The York Water by 2.1% in the second quarter. Aperio Group LLC now owns 5,988 shares of the utilities provider’s stock valued at $209,000 after acquiring an additional 123 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of The York Water by 10.0% in the second quarter. Janney Montgomery Scott LLC now owns 6,635 shares of the utilities provider’s stock valued at $231,000 after acquiring an additional 602 shares in the last quarter. 35.36% of the stock is owned by hedge funds and other institutional investors.
The York Water (YORW) traded up 2.41% on Friday, hitting $36.10. The company had a trading volume of 20,701 shares. The York Water has a one year low of $29.10 and a one year high of $39.86. The company has a market capitalization of $463.78 million, a P/E ratio of 38.82 and a beta of 0.58. The stock’s 50-day moving average price is $34.82 and its 200 day moving average price is $34.73.
The York Water (NASDAQ:YORW) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. The firm had revenue of $12.30 million during the quarter, compared to the consensus estimate of $12.21 million. The York Water had a return on equity of 10.52% and a net margin of 25.05%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.23 earnings per share. On average, analysts expect that The York Water will post $0.96 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Thursday, September 28th. The York Water’s dividend payout ratio (DPR) is presently 68.82%.
About The York Water
The York Water Company is an investor-owned water utility in the United States. The primary business of the Company is to impound, purify to meet or exceed safe drinking water standards and distribute water. As of December 31, 2016, it also owned and operated three wastewater collection systems and two wastewater treatment systems.
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