York Water Co (NASDAQ:YORW) reached a new 52-week high on Thursday . The company traded as high as $40.79 and last traded at $40.70, with a volume of 1509 shares. The stock had previously closed at $40.58.

YORW has been the subject of a number of analyst reports. Zacks Investment Research restated a “buy” rating and issued a $42.00 price target on shares of York Water in a report on Sunday, September 8th. BidaskClub upgraded York Water from a “hold” rating to a “buy” rating in a report on Wednesday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $39.50.

The stock has a market cap of $515.78 million, a PE ratio of 39.10 and a beta of 0.17. The stock has a fifty day simple moving average of $37.65 and a two-hundred day simple moving average of $35.43. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.82 and a current ratio of 0.91.

York Water (NASDAQ:YORW) last announced its earnings results on Friday, August 2nd. The utilities provider reported $0.28 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.28. York Water had a return on equity of 11.06% and a net margin of 28.21%. The company had revenue of $13.05 million for the quarter, compared to analyst estimates of $12.00 million. On average, equities analysts predict that York Water Co will post 1.13 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.173 dividend. This represents a $0.69 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Friday, September 27th. York Water’s payout ratio is 66.35%.

Several institutional investors and hedge funds have recently made changes to their positions in YORW. Nuveen Asset Management LLC acquired a new position in shares of York Water in the 2nd quarter valued at approximately $1,908,000. BlackRock Inc. raised its position in shares of York Water by 6.3% in the 2nd quarter. BlackRock Inc. now owns 809,717 shares of the utilities provider’s stock valued at $28,923,000 after purchasing an additional 47,829 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of York Water by 132.0% in the 2nd quarter. Allianz Asset Management GmbH now owns 31,318 shares of the utilities provider’s stock valued at $1,118,000 after purchasing an additional 17,817 shares in the last quarter. Cadence Capital Management LLC raised its position in shares of York Water by 39.5% in the 2nd quarter. Cadence Capital Management LLC now owns 51,329 shares of the utilities provider’s stock valued at $1,833,000 after purchasing an additional 14,543 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of York Water by 5.2% in the 2nd quarter. Renaissance Technologies LLC now owns 287,136 shares of the utilities provider’s stock valued at $10,256,000 after purchasing an additional 14,100 shares in the last quarter. 37.02% of the stock is currently owned by institutional investors.

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 hold approximately 2.2 billion gallons of water. In addition, the company has a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns seven wells that supply water to its customers in Carroll Valley Borough and Cumberland Township, Adams County.

Further Reading: Equal Weight Rating

Receive News & Ratings for York Water Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for York Water and related companies with MarketBeat.com's FREE daily email newsletter.