York Water (NASDAQ:YORW) Hits New 1-Year Low at $34.86

Shares of The York Water Company (NASDAQ:YORW - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $34.86 and last traded at $34.92, with a volume of 60266 shares trading hands. The stock had previously closed at $35.27.

York Water Stock Down 1.0 %

The company has a current ratio of 0.86, a quick ratio of 0.69 and a debt-to-equity ratio of 0.81. The firm's 50 day simple moving average is $35.80 and its 200-day simple moving average is $37.00. The stock has a market capitalization of $500.40 million, a price-to-earnings ratio of 21.04 and a beta of 0.60.

York Water (NASDAQ:YORW - Get Free Report) last announced its quarterly earnings data on Tuesday, March 5th. The utilities provider reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.06. York Water had a net margin of 33.45% and a return on equity of 11.05%. The company had revenue of $18.10 million during the quarter, compared to the consensus estimate of $17.00 million. Equities analysts expect that The York Water Company will post 1.61 earnings per share for the current fiscal year.

York Water Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, February 29th will be given a $0.2108 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Wednesday, February 28th. York Water's dividend payout ratio (DPR) is presently 50.60%.

Institutional Trading of York Water

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in shares of York Water by 6.9% during the 2nd quarter. BlackRock Inc. now owns 1,344,346 shares of the utilities provider's stock worth $55,481,000 after buying an additional 86,532 shares during the period. Vanguard Group Inc. boosted its holdings in shares of York Water by 6.8% during the 3rd quarter. Vanguard Group Inc. now owns 905,176 shares of the utilities provider's stock worth $34,786,000 after buying an additional 57,945 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of York Water by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 394,850 shares of the utilities provider's stock worth $17,650,000 after buying an additional 1,455 shares during the period. State Street Corp boosted its holdings in shares of York Water by 2.0% during the 2nd quarter. State Street Corp now owns 351,925 shares of the utilities provider's stock worth $14,593,000 after buying an additional 7,060 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of York Water by 3.8% during the 2nd quarter. Geode Capital Management LLC now owns 284,639 shares of the utilities provider's stock worth $11,747,000 after buying an additional 10,325 shares during the period. Institutional investors own 49.86% of the company's stock.

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.