York Water (NASDAQ:YORW) Share Price Breaks Below 200 Day Moving Average – What’s Next?

Shares of The York Water Company (NASDAQ:YORW) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $31.47 and traded as low as $31.13. York Water shares last traded at $31.26, with a volume of 88,333 shares.

Analyst Ratings Changes

YORW has been the subject of several recent research reports. Weiss Ratings raised York Water from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Cantor Fitzgerald set a $31.00 price objective on York Water in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $31.00.

York Water Trading Up 1.7%

The business’s 50 day moving average price is $32.13 and its 200-day moving average price is $31.45. The company has a market cap of $512.71 million, a price-to-earnings ratio of 19.62 and a beta of 0.56. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.88 and a current ratio of 1.05.

York Water (NASDAQ:YORW) last issued its earnings results on Thursday, August 6th. The utilities provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.09. The business had revenue of $23.52 million for the quarter, compared to analyst estimates of $22.18 million. York Water had a net margin of 28.53% and a return on equity of 9.38%.

York Water Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a $0.2280 dividend. This represents a $0.91 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Wednesday, September 30th. York Water’s dividend payout ratio is currently 56.52%.

Insider Buying and Selling

In related news, CEO Joseph Hand sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $33.28, for a total transaction of $266,240.00. Following the completion of the transaction, the chief executive officer owned 35,308 shares in the company, valued at $1,175,050.24. This trade represents a 18.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David M. Velazquez bought 1,288 shares of the business’s stock in a transaction that occurred on Tuesday, October 20th. The shares were bought at an average price of $31.07 per share, with a total value of $40,018.16. Following the transaction, the director directly owned 1,288 shares in the company, valued at $40,018.16. This trade represents a ? increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders bought 1,410 shares of company stock valued at $44,024. 0.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in YORW. Moss Adams Wealth Advisors LLC acquired a new position in York Water during the 3rd quarter worth about $223,000. Engineers Gate Manager LP increased its position in York Water by 111.0% in the 2nd quarter. Engineers Gate Manager LP now owns 28,479 shares of the utilities provider’s stock valued at $873,000 after acquiring an additional 14,983 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in York Water in the 2nd quarter valued at about $46,000. Baird Financial Group Inc. raised its stake in shares of York Water by 98.8% in the second quarter. Baird Financial Group Inc. now owns 18,312 shares of the utilities provider’s stock worth $561,000 after acquiring an additional 9,100 shares during the last quarter. Finally, Allworth Financial LP lifted its position in shares of York Water by 325.6% during the second quarter. Allworth Financial LP now owns 949 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 726 shares in the last quarter. 49.86% of the stock is owned by institutional investors.

York Water Company Profile

The York Water Company (NASDAQ:YORW) is a regulated water utility serving communities in south-central Pennsylvania. The company provides residential, commercial and industrial customers with treated drinking water through a network of reservoirs, treatment facilities, pipelines and distribution infrastructure.

In addition to its water operations, York Water provides wastewater collection and related services in portions of its service territory. Its operations primarily cover York County and extend into surrounding areas, including parts of Adams and Franklin counties.

Founded in 1816, York Water is recognized as one of the oldest investor-owned water utilities in the United States.