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

The York Water Company (NASDAQ:YORW) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 trading hands.

Wall Street Analysts Forecast Growth

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

York Water Trading Down 2.0%

The stock has a market cap of $501.05 million, a price-to-earnings ratio of 21.03 and a beta of 0.61. The company has a quick ratio of 0.60, a current ratio of 0.72 and a debt-to-equity ratio of 0.94. The business has a 50-day moving average of $30.41 and a 200-day moving average of $31.14.

York Water (NASDAQ:YORW) last issued its earnings results on Tuesday, May 5th. The utilities provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $20.29 million.

York Water Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.228 per share. This represents a $0.91 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Tuesday, June 30th. York Water’s payout ratio is currently 61.90%.

Hedge Funds Weigh In On York Water

A number of hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in York Water by 8.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,476 shares of the utilities provider’s stock valued at $398,000 after acquiring an additional 937 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in York Water in the first quarter valued at approximately $263,000. Jane Street Group LLC bought a new stake in York Water in the first quarter worth approximately $498,000. Arrowstreet Capital Limited Partnership grew its position in York Water by 36.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 63,823 shares of the utilities provider’s stock worth $2,017,000 after acquiring an additional 17,181 shares in the last quarter. Finally, Quantinno Capital Management LP increased its stake in shares of York Water by 208.3% during the 2nd quarter. Quantinno Capital Management LP now owns 18,862 shares of the utilities provider’s stock worth $596,000 after purchasing an additional 12,743 shares during the last quarter. Institutional investors and hedge funds own 49.86% of the company’s stock.

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.