York Water (NASDAQ:YORW) Share Price Passes Above 200 Day Moving Average of $36.38

The York Water Company (NASDAQ:YORW)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $36.38 and traded as high as $37.41. York Water shares last traded at $37.18, with a volume of 36,259 shares changing hands.

York Water Price Performance

The firm has a market capitalization of $522.63 million, a PE ratio of 21.42 and a beta of 0.63. The company has a quick ratio of 0.80, a current ratio of 0.98 and a debt-to-equity ratio of 0.85. The stock has a 50-day moving average price of $36.80 and a 200 day moving average price of $36.38.

York Water (NASDAQ:YORW) last posted its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. York Water had a net margin of 33.35% and a return on equity of 11.18%. The company had revenue of $17.63 million during the quarter, compared to analysts’ expectations of $17.00 million. Equities analysts forecast that The York Water Company will post 1.61 EPS for the current fiscal year.

York Water Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.2108 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Friday, June 28th. York Water’s dividend payout ratio is presently 49.41%.

Institutional Investors Weigh In On York Water

Large investors have recently bought and sold shares of the company. TFO Wealth Partners LLC boosted its stake in shares of York Water by 17,525.0% in the fourth quarter. TFO Wealth Partners LLC now owns 705 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 701 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of York Water by 42.9% during the fourth quarter. Quadrant Capital Group LLC now owns 2,299 shares of the utilities provider’s stock worth $89,000 after buying an additional 690 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of York Water by 632.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,606 shares of the utilities provider’s stock valued at $101,000 after buying an additional 2,250 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in shares of York Water in the fourth quarter worth about $101,000. Finally, SG Americas Securities LLC purchased a new position in shares of York Water in the fourth quarter worth about $143,000. 49.86% of the stock is currently owned by hedge funds and other institutional investors.

York Water Company Profile

The York Water Company impounds, purifies, and distributes drinking water. It owns and operates three wastewater collection systems; ten wastewater collection and treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. The company also operates a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns satellite groundwater systems in York, Adams, and Lancaster Counties, as well as two impounding dams on primary system located in York and Springfield Townships.