The York Water Co. (YORW) Raised to Hold at Zacks Investment Research
According to Zacks, “The York Water Company impounds, purifies and distributes water. They are regulated by the Pennsylvania Public Utility Commission in the areas of billing, payment procedures, dispute processing, terminations, service territory, and rate setting. They must obtain PPUC approval before changing any of the aforementioned procedures. “
Shares of The York Water (NASDAQ:YORW) opened at 29.00 on Wednesday. The York Water has a 52-week low of $22.18 and a 52-week high of $33.40. The firm has a market capitalization of $373.20 million, a PE ratio of 30.08 and a beta of 0.49. The stock has a 50 day moving average price of $29.16 and a 200-day moving average price of $29.67.
The York Water (NASDAQ:YORW) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. The York Water had a return on equity of 11.29% and a net margin of 26.27%. The company had revenue of $11.80 million for the quarter, compared to the consensus estimate of $12.08 million. During the same period in the previous year, the business earned $0.22 EPS. The firm’s revenue was down .8% compared to the same quarter last year. Equities analysts forecast that The York Water will post $0.95 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were given a $0.1555 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Wednesday, September 28th. The York Water’s payout ratio is 63.92%.
A number of hedge funds have recently modified their holdings of the stock. Aperio Group LLC purchased a new stake in shares of The York Water during the first quarter worth approximately $252,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of The York Water during the first quarter worth approximately $287,000. Royal Bank of Canada raised its stake in shares of The York Water by 73.3% in the first quarter. Royal Bank of Canada now owns 7,778 shares of the company’s stock worth $238,000 after buying an additional 3,290 shares during the last quarter. Creative Planning raised its stake in shares of The York Water by 33.3% in the second quarter. Creative Planning now owns 8,000 shares of the company’s stock worth $256,000 after buying an additional 2,000 shares during the last quarter. Finally, Strs Ohio raised its stake in shares of The York Water by 6.1% in the second quarter. Strs Ohio now owns 22,500 shares of the company’s stock worth $720,000 after buying an additional 1,300 shares during the last quarter. 31.01% of the stock is owned by institutional investors and hedge funds.
About The York Water
The York Water Company is an investor-owned water utility. The Company impounds, purifies and distributes water. The Company owns and operates approximately two wastewater collection and treatment systems. It operates within its franchised territory, which covers over 40 municipalities within York County, Pennsylvania and over nine municipalities within Adams County, Pennsylvania.
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