York Water (NASDAQ:YORW) Upgraded at Wall Street Zen

Key Points

• York Water has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, signaling a potentially more favorable outlook for the stock.
• The company's stock opened at $30.86 and has a market capitalization of $445 million, with a P/E ratio of 22.53.
• In its last earnings report, York Water reported $0.35 EPS, exceeding analyst expectations, and had a net margin of 25.83% on revenues of $19.20 million.

York Water (NASDAQ:YORW - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

York Water Stock Down 0.3%

YORW stock opened at $30.86 on Friday. York Water has a 52-week low of $29.86 and a 52-week high of $39.79. The company's 50 day simple moving average is $31.05 and its 200-day simple moving average is $32.63. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.00 and a quick ratio of 0.80. The firm has a market capitalization of $445.00 million, a P/E ratio of 22.53 and a beta of 0.74.

York Water (NASDAQ:YORW - Get Free Report) last released its quarterly earnings results on Tuesday, August 12th. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $19.00 million. As a group, equities research analysts anticipate that York Water will post 1.43 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in YORW. Northern Trust Corp grew its position in York Water by 3.7% during the fourth quarter. Northern Trust Corp now owns 150,485 shares of the utilities provider's stock valued at $4,924,000 after purchasing an additional 5,344 shares in the last quarter. Deutsche Bank AG grew its position in York Water by 13.4% during the fourth quarter. Deutsche Bank AG now owns 10,210 shares of the utilities provider's stock valued at $334,000 after purchasing an additional 1,208 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in York Water by 7.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,539 shares of the utilities provider's stock valued at $345,000 after purchasing an additional 742 shares in the last quarter. ProShare Advisors LLC grew its position in York Water by 21.6% during the fourth quarter. ProShare Advisors LLC now owns 226,339 shares of the utilities provider's stock valued at $7,406,000 after purchasing an additional 40,199 shares in the last quarter. Finally, Two Sigma Advisers LP grew its position in York Water by 18.0% during the fourth quarter. Two Sigma Advisers LP now owns 62,300 shares of the utilities provider's stock valued at $2,038,000 after purchasing an additional 9,500 shares in the last quarter. 49.86% of the stock is owned by hedge funds and other institutional investors.

About York Water

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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