The York Water Co. (NASDAQ:YORW) has been assigned an average broker rating score of 5.00 (Strong Sell) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities 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 assigned The York Water an industry rank of 73 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research cut shares of The York Water from a “hold” rating to a “sell” rating in a research report on Tuesday, August 16th.
Shares of The York Water (NASDAQ:YORW) opened at 28.85 on Tuesday. The York Water has a 12 month low of $22.18 and a 12 month high of $33.40. The stock has a 50 day moving average price of $29.17 and a 200 day moving average price of $29.68. The firm has a market cap of $371.27 million, a PE ratio of 29.93 and a beta of 0.49.
The York Water (NASDAQ:YORW) last posted its earnings results on Wednesday, August 3rd. The company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. The York Water had a net margin of 26.27% and a return on equity of 11.29%. The company earned $11.80 million during the quarter, compared to analysts’ expectations of $12.08 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. The York Water’s quarterly revenue was down .8% compared to the same quarter last year. On average, equities research analysts expect that The York Water will post $0.95 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a dividend of $0.1555 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.62 annualized dividend and a yield of 2.16%. The York Water’s dividend payout ratio (DPR) is presently 63.92%.
Large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of The York Water by 6.6% in the second quarter. Vanguard Group Inc. now owns 501,884 shares of the company’s stock valued at $16,080,000 after buying an additional 30,983 shares during the period. BlackRock Fund Advisors boosted its stake in shares of 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 during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of 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 during the last quarter. State Street Corp boosted its stake in shares of 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 during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of The York Water by 1.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 141,587 shares of the company’s stock worth $4,536,000 after buying an additional 1,561 shares during the last quarter. 31.01% of the stock is currently owned by hedge funds and other institutional investors.
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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