York Water (NASDAQ:YORW) Posts Earnings Results, Beats Expectations By $0.02 EPS

York Water (NASDAQ:YORW) released its earnings results on Tuesday. The utilities provider reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02, Zacks reports. The company had revenue of $20.07 million for the quarter, compared to analysts’ expectations of $20.29 million. York Water had a return on equity of 8.94% and a net margin of 26.84%.

York Water Trading Down 0.3%

Shares of York Water stock opened at $29.01 on Thursday. York Water has a 52-week low of $28.26 and a 52-week high of $35.10. The stock’s 50-day simple moving average is $31.05 and its 200 day simple moving average is $32.03. The stock has a market capitalization of $469.96 million, a P/E ratio of 19.73 and a beta of 0.60. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.55 and a current ratio of 0.67.

York Water Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Tuesday, June 30th. York Water’s payout ratio is currently 61.90%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded York Water from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, York Water presently has a consensus rating of “Hold”.

Insider Transactions at York Water

In other news, CEO Joseph Thomas Hand acquired 1,052 shares of the stock in a transaction that occurred on Thursday, April 16th. The shares were acquired at an average cost of $28.50 per share, for a total transaction of $29,982.00. Following the purchase, the chief executive officer owned 41,332 shares of the company’s stock, valued at approximately $1,177,962. The trade was a 2.61% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders bought 1,556 shares of company stock valued at $44,590. Insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On York Water

A number of large investors have recently modified their holdings of YORW. Arrowstreet Capital Limited Partnership grew its stake in York Water by 204.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 194,436 shares of the utilities provider’s stock valued at $5,915,000 after acquiring an additional 130,613 shares in the last quarter. Legal & General Group Plc grew its stake in York Water by 46.1% during the third quarter. Legal & General Group Plc now owns 379,692 shares of the utilities provider’s stock valued at $11,550,000 after acquiring an additional 119,809 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in York Water by 79.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 154,490 shares of the utilities provider’s stock valued at $4,919,000 after acquiring an additional 68,429 shares in the last quarter. Two Sigma Investments LP grew its stake in York Water by 66.1% during the third quarter. Two Sigma Investments LP now owns 131,581 shares of the utilities provider’s stock valued at $4,003,000 after acquiring an additional 52,376 shares in the last quarter. Finally, Invesco Ltd. grew its stake in York Water by 33.4% during the third quarter. Invesco Ltd. now owns 112,260 shares of the utilities provider’s stock valued at $3,415,000 after acquiring an additional 28,126 shares in the last quarter. 49.86% of the stock is currently owned by institutional investors.

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.