Recent Analysts’ Ratings Changes for York Water (YORW)

York Water (NASDAQ: YORW) has recently received a number of price target changes and ratings updates:

  • 6/15/2019 – York Water had its “hold” rating reaffirmed by analysts at Zacks Investment Research. 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. “
  • 6/8/2019 – York Water was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 6/5/2019 – York Water was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/1/2019 – York Water was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 5/29/2019 – York Water was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 5/24/2019 – York Water was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 5/18/2019 – York Water was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 5/9/2019 – York Water was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 5/9/2019 – York Water was upgraded by analysts at Janney Montgomery Scott from a “neutral” rating to a “buy” rating. They now have a $37.00 price target on the stock, up previously from $36.00.

NASDAQ YORW opened at $35.05 on Friday. The stock has a market capitalization of $460.08 million, a price-to-earnings ratio of 33.70 and a beta of 0.22. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.83 and a quick ratio of 0.73. York Water Co has a 1-year low of $28.95 and a 1-year high of $36.50.

York Water (NASDAQ:YORW) last released its earnings results on Tuesday, May 7th. The utilities provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $11.83 million during the quarter, compared to analyst estimates of $12.00 million. York Water had a net margin of 27.96% and a return on equity of 10.88%. On average, sell-side analysts forecast that York Water Co will post 1.11 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.1733 dividend. This represents a $0.69 annualized dividend and a yield of 1.98%. The ex-dividend date is Thursday, June 27th. York Water’s dividend payout ratio is currently 66.35%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in YORW. Advisor Group Inc. grew its position in York Water by 103.8% in the 4th quarter. Advisor Group Inc. now owns 954 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 486 shares in the last quarter. Sageworth Trust Co acquired a new position in shares of York Water during the first quarter worth about $55,000. Legal & General Group Plc grew its position in shares of York Water by 21.4% during the fourth quarter. Legal & General Group Plc now owns 2,516 shares of the utilities provider’s stock worth $80,000 after buying an additional 443 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of York Water by 11,582.6% during the first quarter. BNP Paribas Arbitrage SA now owns 2,687 shares of the utilities provider’s stock worth $92,000 after buying an additional 2,664 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY grew its position in shares of York Water by 390.2% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,093 shares of the utilities provider’s stock worth $131,000 after buying an additional 3,258 shares in the last quarter. 36.99% of the stock is owned by institutional investors.

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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