York Water (NASDAQ:YORW) Sees Large Volume Increase

The York Water Company (NASDAQ:YORW) saw an uptick in trading volume on Friday . 34,943 shares traded hands during mid-day trading, a decline of 37% from the previous session’s volume of 55,297 shares.The stock last traded at $38.75 and had previously closed at $38.99.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised York Water from a “sell” rating to a “hold” rating in a report on Friday, August 30th.

York Water Stock Down 1.3 %

The company has a quick ratio of 0.61, a current ratio of 0.78 and a debt-to-equity ratio of 0.85. The stock has a 50-day simple moving average of $39.23 and a two-hundred day simple moving average of $37.25. The firm has a market cap of $552.57 million, a PE ratio of 22.75 and a beta of 0.64.

York Water (NASDAQ:YORW) last released its earnings results on Friday, August 2nd. The utilities provider reported $0.35 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.10). York Water had a net margin of 31.27% and a return on equity of 10.32%. The business had revenue of $18.75 million for the quarter, compared to the consensus estimate of $19.00 million. Analysts expect that The York Water Company will post 1.43 earnings per share for the current year.

York Water Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.2108 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Monday, September 30th. York Water’s payout ratio is currently 49.41%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. TFO Wealth Partners LLC increased its holdings in shares of York Water by 17,525.0% during the fourth 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 in the last quarter. CWM LLC raised its holdings in York Water by 37.5% in the second quarter. CWM LLC now owns 1,738 shares of the utilities provider’s stock worth $64,000 after buying an additional 474 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of York Water by 42.9% in the fourth quarter. Quadrant Capital Group LLC now owns 2,299 shares of the utilities provider’s stock worth $89,000 after buying an additional 690 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of York Water during the fourth quarter valued at approximately $101,000. Finally, Quest Partners LLC bought a new stake in shares of York Water during the second quarter valued at approximately $102,000. 49.86% of the stock is owned by hedge funds and other 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.