York Water Co (NASDAQ:YORW) shares reached a new 52-week high on Friday . The stock traded as high as $36.10 and last traded at $34.51, with a volume of 667 shares traded. The stock had previously closed at $34.32.

Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of York Water from a “sell” rating to a “hold” rating in a research report on Thursday. BidaskClub raised shares of York Water from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. ValuEngine raised shares of York Water from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Finally, Boenning Scattergood reissued an “outperform” rating on shares of York Water in a research report on Thursday, October 11th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $37.00.

The stock has a market capitalization of $452.88 million, a price-to-earnings ratio of 34.33 and a beta of 0.19. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.38 and a current ratio of 0.43.

York Water (NASDAQ:YORW) last released its earnings results on Friday, November 2nd. The utilities provider reported $0.29 earnings per share for the quarter, hitting the consensus estimate of $0.29. The business had revenue of $12.70 million for the quarter, compared to the consensus estimate of $12.44 million. York Water had a net margin of 27.15% and a return on equity of 10.88%. Sell-side analysts anticipate that York Water Co will post 1 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be given a $0.173 dividend. This is an increase from York Water’s previous quarterly dividend of $0.17. This represents a $0.69 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Friday, December 28th. York Water’s dividend payout ratio (DPR) is 66.34%.

Institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP grew its position in York Water by 2.5% during the second quarter. First Trust Advisors LP now owns 137,546 shares of the utilities provider’s stock valued at $4,374,000 after purchasing an additional 3,384 shares in the last quarter. Renaissance Technologies LLC grew its position in York Water by 4.1% during the second quarter. Renaissance Technologies LLC now owns 196,200 shares of the utilities provider’s stock valued at $6,239,000 after purchasing an additional 7,800 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its position in York Water by 185.9% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 19,839 shares of the utilities provider’s stock valued at $631,000 after purchasing an additional 12,900 shares in the last quarter. Cutler Group LP grew its position in York Water by 214.5% during the third quarter. Cutler Group LP now owns 5,494 shares of the utilities provider’s stock valued at $168,000 after purchasing an additional 3,747 shares in the last quarter. Finally, Northern Trust Corp grew its position in York Water by 2.1% during the second quarter. Northern Trust Corp now owns 174,467 shares of the utilities provider’s stock valued at $5,548,000 after purchasing an additional 3,573 shares in the last quarter. 35.08% of the stock is currently owned by institutional investors and hedge funds.

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About York Water (NASDAQ:YORW)

The York Water Company impounds, purifies, and distributes drinking water. It also owns and operates three wastewater collection systems and two wastewater treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which together hold up to approximately 2.2 billion gallons of water.

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