York Water (NASDAQ:YORW) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of York Water (NASDAQ:YORW) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of York Water in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

York Water Price Performance

Shares of YORW stock opened at $33.05 on Friday. York Water has a twelve month low of $29.68 and a twelve month high of $36.48. The company has a current ratio of 1.15, a quick ratio of 0.95 and a debt-to-equity ratio of 0.95. The stock has a fifty day simple moving average of $32.88 and a two-hundred day simple moving average of $31.93. The stock has a market capitalization of $477.24 million, a price-to-earnings ratio of 23.78 and a beta of 0.72.

York Water Dividend Announcement

The firm also recently declared 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 of this dividend is Friday, February 27th. This represents a $0.91 dividend on an annualized basis and a yield of 2.8%. York Water’s dividend payout ratio (DPR) is currently 65.47%.

Institutional Trading of York Water

Hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. purchased a new position in shares of York Water during the 3rd quarter worth approximately $1,338,000. Midwest Trust Co acquired a new position in York Water during the second quarter worth $248,000. Y Intercept Hong Kong Ltd acquired a new position in York Water during the second quarter worth $781,000. CenterBook Partners LP raised its position in York Water by 33.2% in the second quarter. CenterBook Partners LP now owns 77,755 shares of the utilities provider’s stock worth $2,457,000 after acquiring an additional 19,390 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in York Water in the second quarter valued at $407,000. Institutional investors and hedge funds own 49.86% of the company’s stock.

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.