The York Water Co. (NASDAQ:YORW) has been assigned a consensus broker rating score of 5.00 (Strong Sell) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell rating.
Brokers have set a 1 year consensus price objective of $25.50 for the company, according to Zacks. Zacks has also given The York Water an industry rank of 181 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered shares of The York Water from a “hold” rating to a “sell” rating in a report on Tuesday, August 16th.
The York Water (NASDAQ:YORW) traded down 0.36% during mid-day trading on Friday, reaching $30.79. 6,757 shares of the company traded hands. The firm’s 50-day moving average is $29.02 and its 200 day moving average is $29.70. The York Water has a 52-week low of $20.93 and a 52-week high of $33.40. The stock has a market capitalization of $396.24 million, a PE ratio of 31.94 and a beta of 0.57.
The York Water (NASDAQ:YORW) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.23 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23. The York Water had a net margin of 26.27% and a return on equity of 11.29%. The firm had revenue of $11.80 million for the quarter, compared to analyst estimates of $12.08 million. During the same quarter last year, the firm posted $0.22 earnings per share. The York Water’s revenue for the quarter was down .8% compared to the same quarter last year. On average, equities research analysts expect that The York Water will post $0.95 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.1555 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.01%. The York Water’s dividend payout ratio is currently 63.92%.
Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in The York Water by 6.6% in the second quarter. Vanguard Group Inc. now owns 501,884 shares of the company’s stock worth $16,080,000 after buying an additional 30,983 shares in the last quarter. BlackRock Fund Advisors raised its stake in The York Water by 2.8% in the second quarter. BlackRock Fund Advisors now owns 339,085 shares of the company’s stock worth $10,864,000 after buying an additional 9,320 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in The York Water by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 325,024 shares of the company’s stock worth $10,414,000 after buying an additional 21,909 shares in the last quarter. State Street Corp raised its stake in The York Water by 12.5% in the second quarter. State Street Corp now owns 232,925 shares of the company’s stock worth $7,462,000 after buying an additional 25,889 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in The York Water by 11.2% in the first quarter. Renaissance Technologies LLC now owns 169,800 shares of the company’s stock worth $5,182,000 after buying an additional 17,100 shares in the last quarter. Institutional investors own 30.96% of the company’s stock.
About The York Water
The York Water Company is an investor-owned water utility. The Company impounds, purifies and distributes water. The Company owns and operates approximately two wastewater collection and treatment systems. It operates within its franchised territory, which covers over 40 municipalities within York County, Pennsylvania and over nine municipalities within Adams County, Pennsylvania.
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