York Water (NASDAQ:YORW) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Shares of The York Water Company (NASDAQ:YORW) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $31.55 and traded as high as $32.08. York Water shares last traded at $31.92, with a volume of 97,032 shares.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of York Water in a report on Wednesday, October 8th. Wall Street Zen raised shares of York Water from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

York Water Stock Performance

The company has a market cap of $460.77 million, a P/E ratio of 23.30 and a beta of 0.74. The company has a quick ratio of 0.80, a current ratio of 1.00 and a debt-to-equity ratio of 0.93. The business has a fifty day simple moving average of $31.26 and a two-hundred day simple moving average of $31.53.

York Water (NASDAQ:YORW) last released its quarterly earnings results on Thursday, November 6th. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. York Water had a return on equity of 8.50% and a net margin of 25.83%.The business had revenue of $20.36 million during the quarter, compared to the consensus estimate of $21.00 million. On average, sell-side analysts anticipate that The York Water Company will post 1.43 EPS for the current year.

York Water Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a $0.2192 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.88 annualized dividend and a yield of 2.7%. York Water’s dividend payout ratio (DPR) is presently 62.59%.

Institutional Investors Weigh In On York Water

Hedge funds have recently modified their holdings of the business. Inspire Investing LLC bought a new position in shares of York Water in the first quarter worth about $343,000. Invesco Ltd. increased its holdings in York Water by 36.8% in the 1st quarter. Invesco Ltd. now owns 85,086 shares of the utilities provider’s stock worth $2,951,000 after acquiring an additional 22,866 shares in the last quarter. Nuveen LLC bought a new stake in York Water during the 1st quarter worth approximately $2,349,000. Y Intercept Hong Kong Ltd purchased a new position in York Water during the second quarter valued at approximately $781,000. Finally, Zimmer Partners LP lifted its holdings in York Water by 1.4% during the first quarter. Zimmer Partners LP now owns 757,623 shares of the utilities provider’s stock valued at $26,274,000 after purchasing an additional 10,680 shares in the last quarter. Institutional investors own 49.86% of the company’s stock.

York Water Company Profile

The York Water Company impounds, purifies, and distributes drinking water. It owns and operates three wastewater collection systems; ten wastewater collection and treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. The company also operates a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns satellite groundwater systems in York, Adams, and Lancaster Counties, as well as two impounding dams on primary system located in York and Springfield Townships.