York Water (NASDAQ:YORW) Rating Lowered to Sell at Wall Street Zen

York Water (NASDAQ:YORW) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of York Water in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, York Water presently has an average rating of “Hold”.

York Water Stock Down 2.2%

Shares of YORW opened at $31.81 on Friday. York Water has a 12-month low of $29.68 and a 12-month high of $36.48. The business’s 50 day moving average is $32.87 and its 200 day moving average is $31.75. The company has a current ratio of 1.15, a quick ratio of 0.95 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $459.34 million, a PE ratio of 22.89 and a beta of 0.72.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Legal & General Group Plc boosted its position in York Water by 46.1% during the third quarter. Legal & General Group Plc now owns 379,692 shares of the utilities provider’s stock worth $11,550,000 after acquiring an additional 119,809 shares during the last quarter. Geode Capital Management LLC lifted its stake in York Water by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 353,661 shares of the utilities provider’s stock worth $11,178,000 after purchasing an additional 4,965 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of York Water by 7.8% during the 3rd quarter. ProShare Advisors LLC now owns 202,962 shares of the utilities provider’s stock worth $6,174,000 after purchasing an additional 14,680 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of York Water by 204.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 194,436 shares of the utilities provider’s stock valued at $5,915,000 after purchasing an additional 130,613 shares in the last quarter. Finally, Two Sigma Investments LP increased its holdings in shares of York Water by 66.1% in the third quarter. Two Sigma Investments LP now owns 131,581 shares of the utilities provider’s stock valued at $4,003,000 after purchasing an additional 52,376 shares during the last quarter. 49.86% of the stock is owned by institutional investors and hedge funds.

About York Water

York Water Company (NASDAQ: YORW) is an investor-owned regulated water utility headquartered in York, Pennsylvania. Founded in 1816, it is the oldest publicly traded water utility in the United States. The company’s principal operations involve the collection, treatment and distribution of potable water to residential, commercial and industrial customers under rate schedules approved by the Pennsylvania Public Utility Commission.

York Water Company’s service territory covers portions of south-central Pennsylvania, including York County and neighboring Adams and Franklin counties.