BidaskClub cut shares of York Water (NASDAQ:YORW) from a strong-buy rating to a buy rating in a report published on Tuesday morning.

YORW has been the subject of several other reports. ValuEngine raised shares of York Water from a hold rating to a buy rating in a research note on Thursday, November 1st. Boenning Scattergood reissued an outperform rating on shares of York Water in a research note on Thursday, October 11th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $37.00.

Shares of YORW opened at $32.53 on Tuesday. York Water has a twelve month low of $27.45 and a twelve month high of $35.65. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.43 and a quick ratio of 0.38. The company has a market cap of $426.75 million, a PE ratio of 32.21 and a beta of 0.19.

York Water (NASDAQ:YORW) last released its earnings results on Friday, November 2nd. The utilities provider reported $0.29 earnings per share for the quarter, meeting the consensus estimate of $0.29. York Water had a net margin of 27.15% and a return on equity of 10.88%. The business had revenue of $12.70 million during the quarter, compared to analysts’ expectations of $12.44 million. As a group, sell-side analysts expect that York Water will post 1 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be paid a $0.173 dividend. The ex-dividend date of this dividend is Friday, December 28th. This is a boost from York Water’s previous quarterly dividend of $0.17. This represents a $0.69 annualized dividend and a dividend yield of 2.13%. York Water’s dividend payout ratio (DPR) is currently 66.34%.

Large investors have recently added to or reduced their stakes in the stock. Cutler Group LP grew its stake in shares of York Water by 214.5% in the third quarter. Cutler Group LP now owns 5,494 shares of the utilities provider’s stock valued at $168,000 after buying an additional 3,747 shares in the last quarter. Sowell Financial Services LLC bought a new position in York Water during the third quarter worth $225,000. MetLife Investment Advisors LLC boosted its position in York Water by 48.7% during the third quarter. MetLife Investment Advisors LLC now owns 9,953 shares of the utilities provider’s stock worth $303,000 after purchasing an additional 3,258 shares during the period. Commonwealth Equity Services LLC boosted its position in York Water by 22.0% during the second quarter. Commonwealth Equity Services LLC now owns 10,157 shares of the utilities provider’s stock worth $323,000 after purchasing an additional 1,833 shares during the period. Finally, Janney Montgomery Scott LLC bought a new position in York Water during the third quarter worth $378,000. 35.08% of the stock is owned by institutional investors and hedge funds.

York Water Company Profile

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 together hold up to approximately 2.2 billion gallons of water.

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