York Water (NASDAQ:YORW) Share Price Passes Above 200-Day Moving Average – Time to Sell?
by Michael Walen · The Markets DailyThe York Water Company (NASDAQ:YORW – Get Free Report) shares 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 Upgrades and Downgrades
YORW has been the topic of several recent research reports. Wall Street Zen raised York Water from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of York Water in a research report on Tuesday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.
Read Our Latest Report on York Water
York Water Stock Performance
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 firm has a market capitalization of $475.92 million, a P/E ratio of 23.72 and a beta of 0.73. The business’s 50 day simple moving average is $32.20 and its two-hundred day simple moving average is $31.56.
York Water (NASDAQ:YORW – Get Free Report) last issued its earnings results 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 net margin of 26.06% and a return on equity of 8.56%. The firm had revenue of $20.36 million for the quarter, compared to the consensus estimate of $21.00 million. Sell-side analysts anticipate that The York Water Company will post 1.43 EPS for the current fiscal year.
York Water Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a dividend of $0.228 per share. This represents a $0.91 annualized dividend and a dividend yield of 2.8%. This is a boost from York Water’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, December 31st. York Water’s payout ratio is 65.47%.
Hedge Funds Weigh In On York Water
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc grew its stake in shares of York Water by 290.7% in the third quarter. Versant Capital Management Inc now owns 922 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 686 shares during the period. Advisory Services Network LLC bought a new stake in York Water in the 3rd quarter worth approximately $31,000. Parallel Advisors LLC raised 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 valued at $36,000 after buying an additional 1,008 shares during the last quarter. AlphaQuest LLC raised its stake in York Water by 700.0% during the 2nd quarter. AlphaQuest LLC now owns 1,232 shares of the utilities provider’s stock valued at $39,000 after buying an additional 1,078 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of York Water by 86.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,411 shares of the utilities provider’s stock valued at $45,000 after buying an additional 656 shares during the period. Institutional investors own 49.86% of the company’s stock.
York Water Company Profile
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.
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