York Water Co (NASDAQ:YORW) has received a consensus broker rating score of 5.00 (Strong Sell) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell rating.
Brokers have set a 12 month consensus price target of $27.00 for the company, according to Zacks. Zacks has also assigned York Water an industry rank of 215 out of 265 based on the ratings given to its competitors.
Several brokerages have recently issued reports on YORW. BidaskClub lowered shares of York Water from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 13th. Zacks Investment Research restated a “hold” rating on shares of York Water in a research note on Saturday, January 13th.
Several hedge funds have recently modified their holdings of YORW. Russell Investments Group Ltd. increased its stake in shares of York Water by 116.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 9,646 shares of the utilities provider’s stock worth $336,000 after purchasing an additional 5,183 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of York Water by 5.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 105,838 shares of the utilities provider’s stock worth $3,689,000 after purchasing an additional 5,304 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of York Water by 45.9% during the 2nd quarter. Principal Financial Group Inc. now owns 18,101 shares of the utilities provider’s stock worth $631,000 after purchasing an additional 5,693 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of York Water by 4.7% during the 2nd quarter. Wells Fargo & Company MN now owns 32,248 shares of the utilities provider’s stock worth $1,124,000 after purchasing an additional 1,460 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of York Water by 35.8% during the 2nd quarter. Alliancebernstein L.P. now owns 14,540 shares of the utilities provider’s stock worth $507,000 after purchasing an additional 3,832 shares during the last quarter. Institutional investors own 33.66% of the company’s stock.
York Water (NASDAQ YORW) traded down $0.55 during trading hours on Friday, reaching $31.85. 26,182 shares of the company’s stock traded hands, compared to its average volume of 29,043. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.77 and a current ratio of 0.85. The stock has a market cap of $416.68, a price-to-earnings ratio of 32.84 and a beta of 0.57. York Water has a 52-week low of $31.50 and a 52-week high of $39.86.
York Water (NASDAQ:YORW) last posted its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.03. York Water had a net margin of 25.75% and a return on equity of 10.75%. The firm had revenue of $12.69 million during the quarter. analysts expect that York Water will post 0.99 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were paid a dividend of $0.1666 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.67 annualized dividend and a dividend yield of 2.09%. This is a positive change from York Water’s previous quarterly dividend of $0.16. York Water’s dividend payout ratio (DPR) is presently 69.07%.
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York Water Company Profile
The York Water Company is an investor-owned water utility in the United States. The primary business of the Company is to impound, purify to meet or exceed safe drinking water standards and distribute water. As of December 31, 2016, it also owned and operated three wastewater collection systems and two wastewater treatment systems.
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