York Water (NASDAQ:YORW) Stock Passes Above 200-Day Moving Average – Here’s Why

Shares of The York Water Company (NASDAQ:YORW) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $31.85 and traded as high as $33.55. York Water shares last traded at $33.48, with a volume of 53,805 shares changing hands.

Analysts Set New Price Targets

A number of research firms recently weighed in on YORW. Weiss Ratings restated a “hold (c)” rating on shares of York Water in a research note on Monday, December 29th. Wall Street Zen downgraded shares of York Water from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

York Water Trading Down 0.4%

The business’s 50 day simple moving average is $32.92 and its 200 day simple moving average is $31.87. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.15 and a quick ratio of 0.95. The company has a market capitalization of $481.43 million, a price-to-earnings ratio of 23.99 and a beta of 0.72.

York Water Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, February 27th will be given a dividend of $0.228 per share. The ex-dividend date is Friday, February 27th. This represents a $0.91 dividend on an annualized basis and a yield of 2.7%. York Water’s dividend payout ratio is presently 65.47%.

Institutional Trading of York Water

A number of institutional investors have recently modified their holdings of the business. Legal & General Group Plc grew its holdings in shares of York Water by 3.6% in the 4th quarter. Legal & General Group Plc now owns 393,352 shares of the utilities provider’s stock worth $12,524,000 after acquiring an additional 13,660 shares during the period. Geode Capital Management LLC boosted its position in York Water by 1.4% during the second quarter. Geode Capital Management LLC now owns 353,661 shares of the utilities provider’s stock worth $11,178,000 after purchasing an additional 4,965 shares in the last quarter. State Street Corp grew its holdings in York Water by 2.2% in the fourth quarter. State Street Corp now owns 335,018 shares of the utilities provider’s stock valued at $10,742,000 after purchasing an additional 7,196 shares during the last quarter. ProShare Advisors LLC increased its position in shares of York Water by 7.8% in the third quarter. ProShare Advisors LLC now owns 202,962 shares of the utilities provider’s stock valued at $6,174,000 after buying an additional 14,680 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of York Water by 204.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 194,436 shares of the utilities provider’s stock valued at $5,915,000 after buying an additional 130,613 shares in the last quarter. 49.86% of the stock is currently owned by hedge funds and other institutional investors.

York Water Company Profile

York Water Company (NASDAQ: YORW) is an investor-owned regulated water utility headquartered in York, Pennsylvania. Founded in 1816, it is the oldest publicly traded water utility in the United States. The company’s principal operations involve the collection, treatment and distribution of potable water to residential, commercial and industrial customers under rate schedules approved by the Pennsylvania Public Utility Commission.

York Water Company’s service territory covers portions of south-central Pennsylvania, including York County and neighboring Adams and Franklin counties.