York Water (NASDAQ:YORW) Rating Increased to Hold 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.

Wall Street Zen upgraded shares of York Water (NASDAQ:YORW - Free Report) from a sell rating to a hold rating in a report issued on Saturday.

York Water Stock Performance

Shares of NASDAQ:YORW traded up $0.19 on Friday, reaching $30.64. 83,689 shares of the company's stock were exchanged, compared to its average volume of 107,434. The company has a fifty day moving average of $30.91 and a 200-day moving average of $32.57. York Water has a twelve month low of $29.86 and a twelve month high of $39.30. The company has a market capitalization of $441.83 million, a price-to-earnings ratio of 22.36 and a beta of 0.74. The company has a current ratio of 1.00, a quick ratio of 0.80 and a debt-to-equity ratio of 0.93.

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, topping 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 firm had revenue of $19.20 million for the quarter, compared to analyst estimates of $19.00 million. On average, research analysts predict that York Water will post 1.43 EPS for the current fiscal year.

York Water Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.2192 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, September 30th. York Water's dividend payout ratio is presently 64.23%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC grew its position in shares of York Water by 12,413.5% during the 1st quarter. GAMMA Investing LLC now owns 9,260 shares of the utilities provider's stock worth $321,000 after purchasing an additional 9,186 shares in the last quarter. Invesco Ltd. boosted its position 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 worth $2,951,000 after acquiring an additional 22,866 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of York Water during the 4th quarter worth approximately $509,000. Nuveen LLC acquired a new stake in shares of York Water during the 1st quarter worth approximately $2,349,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of York Water by 32.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 31,120 shares of the utilities provider's stock worth $1,018,000 after acquiring an additional 7,576 shares in the last quarter. Institutional investors and hedge funds own 49.86% of the company's stock.

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.