York Water (NASDAQ:YORW) Research Coverage Started at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of York Water (NASDAQ:YORW – Get Rating) in a report issued on Thursday. The brokerage set a “hold” rating on the utilities provider’s stock.

Separately, TheStreet raised shares of York Water from a “c+” rating to a “b+” rating in a report on Monday, December 12th.

York Water Stock Up 0.4 %

York Water stock opened at $44.78 on Thursday. The firm has a market capitalization of $639.91 million, a P/E ratio of 31.99 and a beta of 0.53. The company has a 50-day simple moving average of $44.85 and a 200-day simple moving average of $43.92. York Water has a one year low of $36.85 and a one year high of $47.23. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.70 and a current ratio of 0.84.

Institutional Investors Weigh In On York Water

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in York Water by 6.8% in the third quarter. Vanguard Group Inc. now owns 905,176 shares of the utilities provider’s stock worth $34,786,000 after purchasing an additional 57,945 shares during the period. Zimmer Partners LP lifted its holdings in York Water by 1,571.2% in the 2nd quarter. Zimmer Partners LP now owns 626,713 shares of the utilities provider’s stock valued at $25,338,000 after acquiring an additional 589,213 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in York Water by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 393,395 shares of the utilities provider’s stock valued at $17,695,000 after acquiring an additional 11,855 shares during the last quarter. State Street Corp lifted its holdings in York Water by 4.3% in the 3rd quarter. State Street Corp now owns 306,617 shares of the utilities provider’s stock valued at $11,842,000 after acquiring an additional 12,610 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in York Water by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 264,753 shares of the utilities provider’s stock valued at $11,908,000 after acquiring an additional 9,145 shares during the last quarter. Institutional investors and hedge funds own 46.68% of the company’s stock.

About York Water

(Get Rating)

The York Water Co engages in impounding, purifying, and distribution of drinking water. It owns and operates wastewater collection systems and wastewater treatment systems. The company was founded on February 23, 1816 and is headquartered in York, PA.