York Water (NASDAQ:YORW) Stock Rating Lowered by Wall Street Zen

Wall Street Zen downgraded shares of York Water (NASDAQ:YORW) from a hold rating to a sell rating in a research note released on Saturday morning.

York Water Price Performance

YORW opened at $32.25 on Friday. The company has a fifty day simple moving average of $32.75 and a 200 day simple moving average of $32.95. The firm has a market cap of $464.33 million, a price-to-earnings ratio of 23.54 and a beta of 0.70. York Water has a twelve month low of $29.86 and a twelve month high of $41.96. The company has a current ratio of 0.90, a quick ratio of 0.71 and a debt-to-equity ratio of 0.91.

York Water (NASDAQ:YORW) last released its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.08). The firm had revenue of $18.46 million for the quarter, compared to analyst estimates of $19.00 million. York Water had a net margin of 25.91% and a return on equity of 8.56%. Equities research analysts expect that York Water will post 1.43 EPS for the current fiscal year.

York Water Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.2192 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Monday, June 30th. York Water’s payout ratio is 64.23%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Crowley Wealth Management Inc. boosted its stake in York Water by 100.0% during the 1st quarter. Crowley Wealth Management Inc. now owns 1,000 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 500 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in York Water by 2.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 19,120 shares of the utilities provider’s stock valued at $663,000 after acquiring an additional 539 shares during the last quarter. Martingale Asset Management L P boosted its stake in York Water by 3.0% during the 4th quarter. Martingale Asset Management L P now owns 22,785 shares of the utilities provider’s stock valued at $746,000 after acquiring an additional 670 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in York Water by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 117,405 shares of the utilities provider’s stock valued at $3,841,000 after acquiring an additional 739 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in York Water by 7.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,539 shares of the utilities provider’s stock valued at $345,000 after acquiring an additional 742 shares during the last quarter. 49.86% of the stock is currently owned by institutional investors.

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.