York Water (NASDAQ:YORW) Stock Price Crosses Below Fifty Day Moving Average – What’s Next?

Shares of The York Water Company (NASDAQ:YORW) passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $31.85 and traded as low as $31.67. York Water shares last traded at $31.71, with a volume of 96,254 shares traded.

Analyst Ratings Changes

A number of analysts recently commented on the company. Cantor Fitzgerald set a $31.00 target price on York Water in a research report on Monday, August 10th. Huntington initiated coverage on York Water in a report on Monday. They issued a “strong-buy” rating on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of York Water in a report on Friday, October 30th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, York Water presently has a consensus rating of “Buy” and a consensus price target of $31.00.

York Water Trading Down 2.1%

The firm’s 50-day moving average is $31.85 and its 200-day moving average is $31.40. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.64. The firm has a market cap of $514.97 million, a price-to-earnings ratio of 19.10 and a beta of 0.52.

York Water (NASDAQ:YORW) last announced its quarterly earnings results on Friday, November 6th. The utilities provider reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The business had revenue of $24.33 million during the quarter, compared to analyst estimates of $22.60 million. York Water had a net margin of 29.07% and a return on equity of 9.81%.

York Water Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $0.2280 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Wednesday, September 30th. York Water’s dividend payout ratio (DPR) is 54.82%.

Insider Transactions at York Water

In other York Water news, Director David M. Velazquez purchased 1,288 shares of the company’s stock in a transaction that occurred on Tuesday, October 20th. The shares were acquired at an average price of $31.07 per share, with a total value of $40,018.16. Following the transaction, the director owned 1,288 shares in the company, valued at $40,018.16. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joseph Hand sold 8,000 shares of York Water stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $33.28, for a total value of $266,240.00. Following the transaction, the chief executive officer owned 35,308 shares of the company’s stock, valued at $1,175,050.24. This trade represents a 18.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have bought 1,410 shares of company stock valued at $44,024 over the last quarter. Corporate insiders own 0.50% of the company’s stock.

Institutional Trading of York Water

Institutional investors and hedge funds have recently modified their holdings of the stock. Allworth Financial LP bought a new position in shares of York Water in the second quarter valued at approximately $29,000. Integrated Wealth Concepts LLC bought a new stake in York Water during the second quarter worth $46,000. Moss Adams Wealth Advisors LLC bought a new stake in York Water during the third quarter worth $223,000. Cetera Investment Advisers grew its holdings in York Water by 8.7% during the first quarter. Cetera Investment Advisers now owns 8,953 shares of the utilities provider’s stock worth $273,000 after buying an additional 718 shares in the last quarter. Finally, Ieq Capital LLC purchased a new stake in York Water in the 2nd quarter valued at $383,000. 49.86% of the stock is owned by hedge funds and other institutional investors.

York Water Company Profile

The York Water Company is an investor-owned utility that provides water and wastewater services in south-central Pennsylvania. Its water operations include collecting, treating and distributing water to residential, commercial and industrial customers. The company also provides wastewater collection and treatment services. Its service area is centered in York County and extends into parts of neighboring counties. Founded in 1816, York Water is widely recognized as one of the oldest investor-owned water utilities in the United States.