The York Water Company (NASDAQ:YORW) Short Interest Update

The York Water Company (NASDAQ:YORW) saw a significant decline in short interest in March. As of March 31st, there was short interest totaling 378,709 shares, a decline of 22.9% from the March 15th total of 491,001 shares. Based on an average daily trading volume, of 263,596 shares, the short-interest ratio is currently 1.4 days. Currently, 2.6% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of York Water in a report on Monday, December 29th. Wall Street Zen raised shares of York Water from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Institutional Trading of York Water

Several large investors have recently bought and sold shares of YORW. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in York Water by 8.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,476 shares of the utilities provider’s stock valued at $398,000 after acquiring an additional 937 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in York Water during the 1st quarter valued at about $263,000. Jane Street Group LLC purchased a new stake in York Water during the 1st quarter valued at about $498,000. Arrowstreet Capital Limited Partnership grew its stake in York Water by 36.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 63,823 shares of the utilities provider’s stock valued at $2,017,000 after acquiring an additional 17,181 shares in the last quarter. Finally, Quantinno Capital Management LP grew its stake in York Water by 208.3% during the 2nd quarter. Quantinno Capital Management LP now owns 18,862 shares of the utilities provider’s stock valued at $596,000 after acquiring an additional 12,743 shares in the last quarter. Hedge funds and other institutional investors own 49.86% of the company’s stock.

York Water Stock Down 2.2%

YORW stock opened at $30.16 on Friday. The stock has a market capitalization of $435.81 million, a P/E ratio of 21.70 and a beta of 0.70. The firm has a 50-day simple moving average of $31.81 and a 200-day simple moving average of $32.09. The company has a quick ratio of 0.55, a current ratio of 0.67 and a debt-to-equity ratio of 0.92. York Water has a 52 week low of $28.26 and a 52 week high of $36.48.

York Water (NASDAQ:YORW) last released its earnings results on Tuesday, March 3rd. The utilities provider reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. The business had revenue of $19.47 million during the quarter, compared to analysts’ expectations of $20.00 million. York Water had a net margin of 25.89% and a return on equity of 8.49%. Equities analysts forecast that York Water will post 1.43 earnings per share for the current fiscal year.

York Water Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Friday, February 27th were paid a dividend of $0.228 per share. This represents a $0.91 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, February 27th. York Water’s dividend payout ratio is currently 65.47%.

Trending Headlines about York Water

Here are the key news stories impacting York Water this week:

• Positive Sentiment: Multiple insider purchases: CEO Joseph T. Hand, CFO Matthew Poff, CAO Alexandra Chiaruttini and other senior officers bought shares on April 16 at about $29.13, increasing their holdings. Insider buying can signal management’s confidence in the business. Insider Filing (CEO)
• Neutral Sentiment: Long dividend track record: coverage notes York’s long history of paying dividends (since 1816), which supports income-oriented investor appeal but doesn’t offset short-term dilution concerns. Dividend History
• Negative Sentiment: Equity offering priced below recent insider buy price: York priced 1,521,739 shares at $28.50 per share to raise roughly $43M (before fees) and granted underwriters a 30?day option for up to ~228k additional shares. New issuance increases share count and creates dilution risk; proceeds will fund capex, debt repayment and potential acquisitions. Offering Priced
• Negative Sentiment: Market reaction / 52-week low coverage: commentary points to the offering and resulting dilution as the likely driver of the stock trading at a 52-week low; press pieces highlight investor concern about near-term share pressure. 52-Week Low Coverage

York Water Company Profile

York Water Company (NASDAQ: YORW) is an investor-owned regulated water utility headquartered in York, Pennsylvania. Founded in 1816, it is the oldest publicly traded water utility in the United States. The company’s principal operations involve the collection, treatment and distribution of potable water to residential, commercial and industrial customers under rate schedules approved by the Pennsylvania Public Utility Commission.

York Water Company’s service territory covers portions of south-central Pennsylvania, including York County and neighboring Adams and Franklin counties.