York Water (NASDAQ:YORW) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of York Water (NASDAQ:YORW) from a hold rating to a sell rating in a report issued on Friday morning.

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of York Water in a research note on Saturday, September 27th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

York Water Stock Down 0.4%

YORW stock opened at $30.07 on Friday. The firm has a market cap of $433.61 million, a PE ratio of 21.95 and a beta of 0.72. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.80 and a current ratio of 1.00. The firm’s 50 day moving average price is $30.74 and its 200-day moving average price is $32.28. York Water has a one year low of $29.68 and a one year high of $38.50.

York Water (NASDAQ:YORW) last released its quarterly earnings results on Tuesday, August 12th. The utilities provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. The firm had revenue of $19.20 million for the quarter, compared to analyst estimates of $19.00 million. York Water had a net margin of 25.83% and a return on equity of 8.50%. On average, equities research analysts anticipate that York Water will post 1.43 EPS for the current year.

York Water Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.2192 per share. This represents a $0.88 annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, September 30th. York Water’s dividend payout ratio is presently 64.23%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in YORW. Crowley Wealth Management Inc. grew its position in York Water by 100.0% during the first quarter. Crowley Wealth Management Inc. now owns 1,000 shares of the utilities provider’s stock worth $35,000 after buying an additional 500 shares during the period. AlphaQuest LLC grew its position in shares of York Water by 700.0% in the second quarter. AlphaQuest LLC now owns 1,232 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 1,078 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of York Water by 86.9% in the second quarter. Tower Research Capital LLC TRC now owns 1,411 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 656 shares during the last quarter. CWM LLC grew its position in shares of York Water by 70.4% in the second quarter. CWM LLC now owns 2,593 shares of the utilities provider’s stock valued at $82,000 after purchasing an additional 1,071 shares during the last quarter. Finally, Signaturefd LLC grew its position in shares of York Water by 349.3% in the first quarter. Signaturefd LLC now owns 3,608 shares of the utilities provider’s stock valued at $125,000 after purchasing an additional 2,805 shares during the last quarter. 49.86% of the stock is currently owned by institutional investors and hedge funds.

About York Water

The York Water Company impounds, purifies, and distributes drinking water. It owns and operates three wastewater collection systems; ten wastewater collection and treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. The company also operates a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns satellite groundwater systems in York, Adams, and Lancaster Counties, as well as two impounding dams on primary system located in York and Springfield Townships.