Weiss Ratings Reiterates "Hold (C-)" Rating for York Water (NASDAQ:YORW)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C-)" rating for York Water (NASDAQ:YORW), while Wall Street Zen downgraded the stock from "Hold" to "Sell" recently.
• York Water's stock price recently traded at $30.66, with a one-year price range between $29.68 and $38.50, and has a market capitalization of $442.15 million.
• In the latest earnings report, York Water reported earnings of $0.35 per share, exceeding estimates, and a revenue of $19.20 million for the quarter.

York Water (NASDAQ:YORW - Get Free Report)'s stock had its "hold (c-)" rating reiterated by Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded shares of York Water from a "hold" rating to a "sell" rating in a research note on Friday, October 3rd. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of "Hold".

York Water Price Performance

York Water stock traded up $0.29 during mid-day trading on Wednesday, hitting $30.66. 23,899 shares of the company traded hands, compared to its average volume of 84,216. York Water has a one year low of $29.68 and a one year high of $38.50. The stock has a market cap of $442.15 million, a price-to-earnings ratio of 22.39 and a beta of 0.72. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.80 and a current ratio of 1.00. The stock has a fifty day moving average price of $30.73 and a 200-day moving average price of $32.22.

York Water (NASDAQ:YORW - Get Free Report) last announced its earnings results on Tuesday, August 12th. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. York Water had a net margin of 25.83% and a return on equity of 8.50%. The business had revenue of $19.20 million during the quarter, compared to analyst estimates of $19.00 million. On average, equities analysts predict that York Water will post 1.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in York Water by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 870,459 shares of the utilities provider's stock valued at $30,188,000 after purchasing an additional 20,385 shares during the period. Zimmer Partners LP boosted its holdings in shares of York Water by 1.4% during the 1st quarter. Zimmer Partners LP now owns 757,623 shares of the utilities provider's stock valued at $26,274,000 after buying an additional 10,680 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of York Water by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 353,661 shares of the utilities provider's stock valued at $11,178,000 after buying an additional 4,965 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of York Water by 13.0% during the 2nd quarter. Legal & General Group Plc now owns 259,883 shares of the utilities provider's stock valued at $8,212,000 after buying an additional 29,882 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of York Water by 36.8% during the 1st quarter. Invesco Ltd. now owns 85,086 shares of the utilities provider's stock valued at $2,951,000 after buying an additional 22,866 shares in the last quarter. 49.86% of the stock is 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.

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