Shares of The York Water Co. (NASDAQ:YORW) have been given an average 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.
Analysts have set a twelve-month consensus target price of $25.50 for the company, according to Zacks. Zacks has also assigned The York Water an industry rank of 68 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised The York Water from a “sell” rating to a “hold” rating in a report on Wednesday, October 12th.
The York Water (NASDAQ:YORW) traded up 2.85% during midday trading on Monday, reaching $37.90. The company’s stock had a trading volume of 12,769 shares. The York Water has a 12-month low of $22.81 and a 12-month high of $38.05. The company’s 50-day moving average is $31.52 and its 200 day moving average is $30.03. The firm has a market cap of $486.67 million, a price-to-earnings ratio of 39.15 and a beta of 0.47.
The York Water (NASDAQ:YORW) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.01. The business had revenue of $12.60 million for the quarter, compared to the consensus estimate of $12.50 million. The York Water had a net margin of 26.25% and a return on equity of 11.17%. The York Water’s revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.28 earnings per share. Equities analysts forecast that The York Water will post $0.95 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Friday, December 30th will be issued a $0.1602 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.74%. This is a boost from The York Water’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Wednesday, December 28th. The York Water’s payout ratio is 64.58%.
Large investors have recently modified their holdings of the company. BlackRock Institutional Trust Company N.A. boosted its stake in shares of The York Water by 1.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 141,587 shares of the company’s stock valued at $4,536,000 after buying an additional 1,561 shares during the period. BlackRock Group LTD purchased a new stake in shares of The York Water during the second quarter valued at about $108,000. BlackRock Fund Advisors boosted its stake in shares of The York Water by 2.8% in the second quarter. BlackRock Fund Advisors now owns 339,085 shares of the company’s stock valued at $10,864,000 after buying an additional 9,320 shares during the period. BlackRock Advisors LLC boosted its stake in shares of The York Water by 55.1% in the second quarter. BlackRock Advisors LLC now owns 6,161 shares of the company’s stock valued at $197,000 after buying an additional 2,189 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of The York Water by 6.6% in the second quarter. Vanguard Group Inc. now owns 501,884 shares of the company’s stock valued at $16,080,000 after buying an additional 30,983 shares during the period. 31.24% of the stock is currently owned by hedge funds and other institutional investors.
The York Water Company Profile
The York Water Company is an investor-owned water utility. The Company impounds, purifies and distributes water. The Company owns and operates approximately two wastewater collection and treatment systems. It operates within its franchised territory, which covers over 40 municipalities within York County, Pennsylvania and over nine municipalities within Adams County, Pennsylvania.