The York Water (YORW) Upgraded by BidaskClub to Hold

BidaskClub upgraded shares of The York Water (NASDAQ:YORW) from a sell rating to a hold rating in a research note released on Tuesday morning.

A number of other research analysts also recently weighed in on the company. Zacks Investment Research restated a hold rating on shares of The York Water in a research note on Saturday, January 13th. Hilliard Lyons upgraded The York Water from an underperform rating to a neutral rating in a research note on Thursday, March 8th.

YORW stock opened at $31.50 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 0.94 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $411.53, a price-to-earnings ratio of 31.19 and a beta of 0.45. The York Water has a twelve month low of $27.45 and a twelve month high of $39.86.



The York Water (NASDAQ:YORW) last posted its quarterly earnings results on Tuesday, March 6th. The utilities provider reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.02. The firm had revenue of $12.35 million during the quarter. The York Water had a return on equity of 11.13% and a net margin of 26.70%. research analysts predict that The York Water will post 1 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Wednesday, February 28th will be paid a $0.167 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 2.12%. This is an increase from The York Water’s previous quarterly dividend of $0.17. The ex-dividend date is Tuesday, February 27th. The York Water’s dividend payout ratio (DPR) is currently 66.34%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of The York Water by 2.7% during the 4th quarter. BlackRock Inc. now owns 700,758 shares of the utilities provider’s stock worth $23,755,000 after acquiring an additional 18,243 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of The York Water by 3.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 403,978 shares of the utilities provider’s stock worth $13,695,000 after acquiring an additional 14,254 shares during the period. First Trust Advisors LP boosted its stake in shares of The York Water by 10.0% during the 4th quarter. First Trust Advisors LP now owns 101,833 shares of the utilities provider’s stock worth $3,452,000 after acquiring an additional 9,247 shares during the period. Millennium Management LLC boosted its stake in shares of The York Water by 683.7% during the 4th quarter. Millennium Management LLC now owns 62,763 shares of the utilities provider’s stock worth $2,128,000 after acquiring an additional 54,754 shares during the period. Finally, Guggenheim Capital LLC boosted its stake in shares of The York Water by 5.9% during the 4th quarter. Guggenheim Capital LLC now owns 53,856 shares of the utilities provider’s stock worth $1,827,000 after acquiring an additional 3,017 shares during the period. Institutional investors own 34.24% of the company’s stock.

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The York Water Company Profile

The York Water Company impounds, purifies, and distributes drinking water. It also owns and operates three wastewater collection systems and two wastewater treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which together hold up to approximately 2.2 billion gallons of water.

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