BidaskClub upgraded shares of The York Water (NASDAQ:YORW) from a sell rating to a hold rating in a research note issued to investors on Tuesday, April 10th.
A number of other equities analysts also recently commented on YORW. Zacks Investment Research upgraded shares of The York Water from a hold rating to a buy rating and set a $37.00 target price for the company in a research note on Saturday, January 6th. Hilliard Lyons upgraded shares of The York Water from an underperform rating to a neutral rating in a research note on Thursday, March 8th.
Shares of YORW stock traded up $0.55 on Tuesday, reaching $33.00. 15,601 shares of the stock were exchanged, compared to its average volume of 38,429. The company has a current ratio of 0.94, a quick ratio of 0.84 and a debt-to-equity ratio of 0.75. The company has a market cap of $405.10, a P/E ratio of 31.19 and a beta of 0.45. The York Water has a twelve month low of $27.45 and a twelve month high of $39.86.
The business also recently declared a quarterly dividend, which was paid on Monday, April 16th. Investors of record on Wednesday, February 28th were given a $0.167 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This is a boost from The York Water’s previous quarterly dividend of $0.17. This represents a $0.67 dividend on an annualized basis and a yield of 2.02%. The York Water’s payout ratio is 66.34%.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Gradient Investments LLC purchased a new stake in The York Water in the fourth quarter valued at $163,000. MetLife Investment Advisors LLC purchased a new stake in The York Water in the fourth quarter valued at $227,000. Spark Investment Management LLC purchased a new stake in The York Water in the fourth quarter valued at $244,000. GSA Capital Partners LLP lifted its position in The York Water by 13.8% in the third quarter. GSA Capital Partners LLP now owns 17,264 shares of the utilities provider’s stock valued at $585,000 after acquiring an additional 2,100 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in The York Water by 120.8% in the fourth quarter. Deutsche Bank AG now owns 31,349 shares of the utilities provider’s stock valued at $1,060,000 after acquiring an additional 17,151 shares during the last quarter. 34.24% of the stock is owned by hedge funds and other institutional investors.
The York Water Company Profile
The York Water Company impounds, purifies, and distributes drinking water. It also owns and operates three wastewater collection systems and two wastewater treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which together hold up to approximately 2.2 billion gallons of water.
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