According to Zacks, “The York Water Company impounds, purifies and distributes water. They are regulated by the Pennsylvania Public Utility Commission in the areas of billing, payment procedures, dispute processing, terminations, service territory, and rate setting. They must obtain PPUC approval before changing any of the aforementioned procedures. “
The York Water (NASDAQ:YORW) traded up 0.34% on Wednesday, hitting $29.20. The company had a trading volume of 539 shares. The stock has a 50 day moving average of $29.17 and a 200-day moving average of $29.68. The stock has a market capitalization of $375.77 million, a PE ratio of 30.29 and a beta of 0.49. The York Water has a one year low of $22.18 and a one year high of $33.40.
The York Water (NASDAQ:YORW) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.23 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.23. The York Water had a return on equity of 11.29% and a net margin of 26.27%. The firm earned $11.80 million during the quarter, compared to analysts’ expectations of $12.08 million. During the same quarter last year, the firm posted $0.22 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. Equities analysts anticipate that The York Water will post $0.95 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be issued a $0.1555 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.14%. The York Water’s dividend payout ratio is presently 63.92%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Metropolitan Life Insurance Co. NY raised its position in The York Water by 10.1% in the second quarter. Metropolitan Life Insurance Co. NY now owns 10,473 shares of the company’s stock worth $336,000 after buying an additional 965 shares in the last quarter. Peapack Gladstone Financial Corp bought a new position in The York Water during the second quarter worth $313,000. Parametric Portfolio Associates LLC raised its position in The York Water by 15.9% in the second quarter. Parametric Portfolio Associates LLC now owns 28,730 shares of the company’s stock worth $921,000 after buying an additional 3,944 shares in the last quarter. State Street Corp raised its position 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, ProShare Advisors LLC bought a new position in The York Water during the second quarter worth $2,017,000. Institutional investors own 31.01% of the company’s stock.
The York Water Company Profile
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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