York Water (NASDAQ:YORW) Stock Passes Above Two Hundred Day Moving Average of $36.38

The York Water Company (NASDAQ:YORW) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $36.38 and traded as high as $37.41. York Water shares last traded at $37.18, with a volume of 36,259 shares.

York Water Stock Up 1.0 %

The stock has a market cap of $533.53 million, a price-to-earnings ratio of 21.87 and a beta of 0.63. The company has a quick ratio of 0.80, a current ratio of 0.98 and a debt-to-equity ratio of 0.85. The stock has a fifty day moving average of $36.78 and a two-hundred day moving average of $36.38.

York Water (NASDAQ:YORW) last posted its earnings results on Tuesday, May 7th. The utilities provider reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.01. The business had revenue of $17.63 million for the quarter, compared to analyst estimates of $17.00 million. York Water had a net margin of 33.35% and a return on equity of 11.18%. As a group, analysts predict that The York Water Company will post 1.61 EPS for the current fiscal year.

York Water Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $0.2108 per share. This represents a $0.84 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Friday, June 28th. York Water’s dividend payout ratio (DPR) is 49.41%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of YORW. Russell Investments Group Ltd. increased its holdings in York Water by 22.7% during the 4th quarter. Russell Investments Group Ltd. now owns 107,026 shares of the utilities provider’s stock worth $4,133,000 after purchasing an additional 19,827 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of York Water by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 109,510 shares of the utilities provider’s stock worth $4,106,000 after buying an additional 2,826 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of York Water by 1.5% in the third quarter. Vanguard Group Inc. now owns 815,410 shares of the utilities provider’s stock worth $30,570,000 after buying an additional 11,828 shares during the last quarter. Haverford Trust Co acquired a new stake in York Water in the fourth quarter valued at $255,000. Finally, TFO Wealth Partners LLC boosted its stake in York Water by 17,525.0% during the 4th quarter. TFO Wealth Partners LLC now owns 705 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 701 shares during the last quarter. Institutional investors and hedge funds own 49.86% of the company’s stock.

About York Water

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.