BidaskClub upgraded shares of York Water (NASDAQ:YORW) from a strong sell rating to a sell rating in a research note issued to investors on Saturday morning.
Several other analysts have also recently commented on YORW. Zacks Investment Research upgraded shares of York Water from a hold rating to a buy rating and set a $39.00 price objective for the company in a research note on Friday, November 17th. Hilliard Lyons upgraded shares of York Water from an underperform rating to a neutral rating in a research note on Thursday, March 8th.
Shares of York Water (NASDAQ YORW) opened at $30.80 on Friday. York Water has a 52 week low of $27.45 and a 52 week high of $39.86. The company has a market cap of $398.03, a price-to-earnings ratio of 30.50 and a beta of 0.53. The company has a quick ratio of 0.84, a current ratio of 0.94 and a debt-to-equity ratio of 0.75.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Wednesday, February 28th will be paid a $0.167 dividend. This is a boost from York Water’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.67 annualized dividend and a dividend yield of 2.17%. York Water’s dividend payout ratio (DPR) is 66.34%.
Several hedge funds and other institutional investors have recently made changes to their positions in YORW. New York State Common Retirement Fund lifted its stake in shares of York Water by 17.5% in the second quarter. New York State Common Retirement Fund now owns 15,400 shares of the utilities provider’s stock valued at $537,000 after purchasing an additional 2,299 shares during the period. Northern Trust Corp lifted its stake in shares of York Water by 2.7% in the second quarter. Northern Trust Corp now owns 172,958 shares of the utilities provider’s stock valued at $6,028,000 after purchasing an additional 4,616 shares during the period. Vanguard Group Inc. lifted its stake in shares of York Water by 17.0% in the second quarter. Vanguard Group Inc. now owns 730,831 shares of the utilities provider’s stock valued at $25,469,000 after purchasing an additional 106,392 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of York Water by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 389,724 shares of the utilities provider’s stock valued at $13,582,000 after purchasing an additional 15,235 shares during the period. Finally, Voya Investment Management LLC lifted its stake in shares of York Water by 12.3% in the second quarter. Voya Investment Management LLC now owns 8,252 shares of the utilities provider’s stock valued at $288,000 after purchasing an additional 904 shares during the period. Hedge funds and other institutional investors own 34.32% of the company’s stock.
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York Water Company Profile
The York Water Company is an investor-owned water utility in the United States. The primary business of the Company is to impound, purify to meet or exceed safe drinking water standards and distribute water. As of December 31, 2016, it also owned and operated three wastewater collection systems and two wastewater treatment systems.
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