York Water (NASDAQ:YORW) Stock Rating Upgraded by Wall Street Zen

York Water (NASDAQ:YORW) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and 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 research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

York Water Stock Down 0.4%

YORW stock opened at $32.73 on Friday. The company has a 50 day moving average of $32.89 and a two-hundred day moving average of $31.90. The company has a quick ratio of 0.95, a current ratio of 1.15 and a debt-to-equity ratio of 0.95. York Water has a 12-month low of $29.68 and a 12-month high of $36.48. The company has a market cap of $472.62 million, a price-to-earnings ratio of 23.55 and a beta of 0.72.

Hedge Funds Weigh In On York Water

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. lifted its stake in shares of York Water by 4.0% in the second quarter. Ameriprise Financial Inc. now owns 8,572 shares of the utilities provider’s stock worth $271,000 after buying an additional 327 shares during the last quarter. Cullen Capital Management LLC raised its holdings in York Water by 3.8% in the 4th quarter. Cullen Capital Management LLC now owns 10,868 shares of the utilities provider’s stock worth $346,000 after acquiring an additional 393 shares during the period. Farther Finance Advisors LLC lifted its position in York Water by 62.4% during the 4th quarter. Farther Finance Advisors LLC now owns 1,148 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 441 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in York Water by 4.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 10,676 shares of the utilities provider’s stock valued at $340,000 after acquiring an additional 487 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in shares of York Water by 2.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 23,071 shares of the utilities provider’s stock valued at $735,000 after purchasing an additional 526 shares during the last quarter. Institutional investors and hedge funds own 49.86% of the company’s stock.

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.