York Water (NASDAQ:YORW) Stock Passes Above 200 Day Moving Average – What’s Next?

Shares of The York Water Company (NASDAQ:YORW) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $31.14 and traded as high as $31.69. York Water shares last traded at $30.91, with a volume of 108,855 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of York Water in a report on Wednesday, June 17th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

York Water Price Performance

The firm has a market cap of $502.02 million, a PE ratio of 21.07 and a beta of 0.61. The company has a current ratio of 0.72, a quick ratio of 0.60 and a debt-to-equity ratio of 0.94. The stock has a 50 day simple moving average of $30.43 and a 200-day simple moving average of $31.14.

York Water (NASDAQ:YORW) last issued its earnings results on Tuesday, May 5th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.02. York Water had a return on equity of 8.89% and a net margin of 26.84%.The firm had revenue of $20.07 million for the quarter, compared to analysts’ expectations of $20.29 million.

York Water Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.228 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.91 annualized dividend and a dividend yield of 2.9%. York Water’s dividend payout ratio (DPR) is currently 61.90%.

Institutional Trading of York Water

Institutional investors have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its position in York Water by 204.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 194,436 shares of the utilities provider’s stock worth $5,915,000 after acquiring an additional 130,613 shares during the period. Legal & General Group Plc boosted its stake in shares of York Water by 46.1% during the 3rd quarter. Legal & General Group Plc now owns 379,692 shares of the utilities provider’s stock worth $11,550,000 after acquiring an additional 119,809 shares in the last quarter. Renaissance Technologies LLC grew its stake in York Water by 80.8% in the 1st quarter. Renaissance Technologies LLC now owns 204,036 shares of the utilities provider’s stock valued at $6,213,000 after acquiring an additional 91,200 shares during the period. Goldman Sachs Group Inc. increased its stake in York Water by 79.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 154,490 shares of the utilities provider’s stock worth $4,919,000 after buying an additional 68,429 shares in the last quarter. Finally, CenterBook Partners LP raised its position in shares of York Water by 156.1% in the fourth quarter. CenterBook Partners LP now owns 88,060 shares of the utilities provider’s stock valued at $2,804,000 after buying an additional 53,677 shares during the last quarter. 49.86% of the stock is currently owned by institutional investors.

About York Water

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.