According to Zacks, “The York Water Company impounds, purifies and distributes water. They are regulated by the Pennsylvania Public Utility Commission in the areas of billing, payment procedures, dispute processing, terminations, service territory, and rate setting. They must obtain PPUC approval before changing any of the aforementioned procedures. “
A number of other research firms also recently commented on YORW. ValuEngine downgraded York Water from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. BidaskClub upgraded York Water from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 26th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $39.50.
Shares of York Water stock traded up $0.20 during trading hours on Friday, reaching $44.00. The stock had a trading volume of 31,671 shares, compared to its average volume of 45,033. The firm has a 50 day simple moving average of $40.30 and a two-hundred day simple moving average of $36.38. The firm has a market capitalization of $565.60 million, a price-to-earnings ratio of 42.31 and a beta of 0.19. The company has a current ratio of 0.91, a quick ratio of 0.82 and a debt-to-equity ratio of 0.74. York Water has a 1 year low of $29.88 and a 1 year high of $45.73.
York Water (NASDAQ:YORW) last released its quarterly earnings data on Friday, August 2nd. The utilities provider reported $0.28 EPS for the quarter, hitting analysts’ consensus estimates of $0.28. The company had revenue of $13.05 million for the quarter, compared to the consensus estimate of $12.00 million. York Water had a return on equity of 11.06% and a net margin of 28.21%. Sell-side analysts forecast that York Water will post 1.13 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of York Water by 6.3% during the 2nd quarter. BlackRock Inc. now owns 809,717 shares of the utilities provider’s stock valued at $28,923,000 after buying an additional 47,829 shares during the period. Vanguard Group Inc. raised its holdings in shares of York Water by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 710,318 shares of the utilities provider’s stock valued at $25,371,000 after buying an additional 3,359 shares during the period. Renaissance Technologies LLC raised its holdings in shares of York Water by 5.2% during the 2nd quarter. Renaissance Technologies LLC now owns 287,136 shares of the utilities provider’s stock valued at $10,256,000 after buying an additional 14,100 shares during the period. Northern Trust Corp raised its holdings in shares of York Water by 1.8% during the 2nd quarter. Northern Trust Corp now owns 179,611 shares of the utilities provider’s stock valued at $6,415,000 after buying an additional 3,229 shares during the period. Finally, First Trust Advisors LP raised its holdings in shares of York Water by 5.1% during the 2nd quarter. First Trust Advisors LP now owns 123,356 shares of the utilities provider’s stock valued at $4,406,000 after buying an additional 5,979 shares during the period. Institutional investors own 37.02% of the company’s stock.
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 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.
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