York Water (YORW) Downgraded by BidaskClub to “Strong Sell”

BidaskClub cut shares of York Water (NASDAQ:YORW) from a sell rating to a strong sell rating in a report released on Saturday.

Separately, Zacks Investment Research upgraded shares of York Water from a hold rating to a buy rating and set a $39.00 price objective for the company in a research report on Friday, November 17th.

Shares of York Water (YORW) opened at $31.65 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.85 and a quick ratio of 0.77. York Water has a 1 year low of $31.50 and a 1 year high of $39.86. The company has a market cap of $410.89, a price-to-earnings ratio of 32.97 and a beta of 0.57.

York Water (NASDAQ:YORW) last released its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.03. York Water had a net margin of 25.75% and a return on equity of 10.75%. The business had revenue of $12.69 million during the quarter. research analysts expect that York Water will post 0.99 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were paid a $0.1666 dividend. The ex-dividend date was Thursday, December 28th. This is a positive change from York Water’s previous quarterly dividend of $0.16. This represents a $0.67 dividend on an annualized basis and a yield of 2.11%. York Water’s dividend payout ratio is presently 69.79%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in York Water by 17.0% in the 2nd quarter. Vanguard Group Inc. now owns 730,831 shares of the utilities provider’s stock worth $25,469,000 after purchasing an additional 106,392 shares during the period. Dimensional Fund Advisors LP boosted its stake in York Water by 3.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 403,978 shares of the utilities provider’s stock worth $13,695,000 after purchasing an additional 14,254 shares during the period. State Street Corp boosted its stake in York Water by 0.3% in the 2nd quarter. State Street Corp now owns 245,511 shares of the utilities provider’s stock worth $8,553,000 after purchasing an additional 638 shares during the period. Northern Trust Corp boosted its stake in York Water by 2.7% in the 2nd quarter. Northern Trust Corp now owns 172,958 shares of the utilities provider’s stock worth $6,028,000 after purchasing an additional 4,616 shares during the period. Finally, WFG Advisors LP boosted its stake in York Water by 9.2% in the 2nd quarter. WFG Advisors LP now owns 133,485 shares of the utilities provider’s stock worth $4,652,000 after purchasing an additional 11,281 shares during the period. 33.66% of the stock is owned by hedge funds and other institutional investors.

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About 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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