York Water (NASDAQ:YORW) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Shares of The York Water Company (NASDAQ:YORW) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $31.56 and traded as high as $34.30. York Water shares last traded at $34.11, with a volume of 85,085 shares trading hands.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of York Water in a research note on Tuesday. Wall Street Zen upgraded York Water from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

York Water Trading Up 0.6%

The stock has a market cap of $492.55 million, a PE ratio of 24.54 and a beta of 0.73. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.95 and a current ratio of 1.15. The company has a 50 day moving average of $32.16 and a two-hundred day moving average of $31.56.

York Water (NASDAQ:YORW) last issued its quarterly earnings data on Thursday, November 6th. The utilities provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.38 by $0.05. The company had revenue of $20.36 million for the quarter, compared to analyst estimates of $21.00 million. York Water had a return on equity of 8.56% and a net margin of 26.06%. Sell-side analysts anticipate that The York Water Company will post 1.43 earnings per share for the current fiscal year.

York Water Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a $0.228 dividend. This represents a $0.91 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, December 31st. This is a boost from York Water’s previous quarterly dividend of $0.22. York Water’s payout ratio is presently 63.31%.

Institutional Trading of York Water

Several institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc raised its position in shares of York Water by 290.7% during the 3rd quarter. Versant Capital Management Inc now owns 922 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 686 shares during the last quarter. Advisory Services Network LLC purchased a new stake in York Water during the 3rd quarter worth approximately $31,000. Parallel Advisors LLC increased its stake in York Water by 589.5% during the 3rd quarter. Parallel Advisors LLC now owns 1,179 shares of the utilities provider’s stock worth $36,000 after buying an additional 1,008 shares in the last quarter. AlphaQuest LLC raised its holdings in shares of York Water by 700.0% during the second quarter. AlphaQuest LLC now owns 1,232 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 1,078 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted 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 acquiring an additional 656 shares in the last quarter. Institutional investors and hedge funds own 49.86% of the company’s stock.

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.