BidaskClub downgraded shares of York Water (NASDAQ:YORW) from a sell rating to a strong sell rating in a research report sent to investors on Saturday morning.

Separately, Zacks Investment Research upgraded York Water from a hold rating to a buy rating and set a $37.00 target price for the company in a research report on Saturday, January 6th.

York Water (YORW) opened at $31.95 on Friday. The company has a market capitalization of $410.89, a P/E ratio of 33.28 and a beta of 0.57. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.85 and a quick ratio of 0.77. York Water has a 12-month low of $31.70 and a 12-month high of $39.86.

York Water (NASDAQ:YORW) last issued its earnings results on Thursday, November 2nd. The utilities provider reported $0.31 EPS for the quarter, topping the consensus estimate of $0.28 by $0.03. The company had revenue of $12.69 million during the quarter. York Water had a return on equity of 10.75% and a net margin of 25.75%. research analysts expect that York Water will post 0.99 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a dividend of $0.1666 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.67 dividend on an annualized basis and a yield of 2.09%. This is a positive change from York Water’s previous quarterly dividend of $0.16. York Water’s payout ratio is currently 69.79%.

A number of large investors have recently added to or reduced their stakes in YORW. Stifel Financial Corp boosted its position in York Water by 8.4% during the 2nd quarter. Stifel Financial Corp now owns 7,106 shares of the utilities provider’s stock valued at $252,000 after purchasing an additional 551 shares during the period. Voya Investment Management LLC boosted its position in York Water by 12.3% during the 2nd quarter. Voya Investment Management LLC now owns 8,252 shares of the utilities provider’s stock valued at $288,000 after purchasing an additional 904 shares during the period. Russell Investments Group Ltd. boosted its position in York Water by 116.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 9,646 shares of the utilities provider’s stock valued at $336,000 after purchasing an additional 5,183 shares during the period. The Manufacturers Life Insurance Company boosted its position in York Water by 11.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,830 shares of the utilities provider’s stock valued at $412,000 after purchasing an additional 1,200 shares during the period. Finally, Alliancebernstein L.P. boosted its position in York Water by 35.8% during the 2nd quarter. Alliancebernstein L.P. now owns 14,540 shares of the utilities provider’s stock valued at $507,000 after purchasing an additional 3,832 shares during the period. Institutional investors and hedge funds own 33.66% of the company’s stock.

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York Water Company Profile

The York Water Company is an investor-owned water utility in the United States. The primary business of the Company is to impound, purify to meet or exceed safe drinking water standards and distribute water. As of December 31, 2016, it also owned and operated three wastewater collection systems and two wastewater treatment systems.

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