York Water Co (YORW) Receives Average Recommendation of “Hold” from Analysts
Shares of York Water Co (NASDAQ:YORW) have been given an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating. York Water’s rating score has improved by 40% in the last 90 days as a result of various analysts’ upgrades and downgrades.
Brokerages have set a one year consensus price objective of $27.00 for the company, according to Zacks. Zacks has also assigned York Water an industry rank of 138 out of 265 based on the ratings given to related companies.
A number of equities analysts have recently issued reports on the stock. BidaskClub upgraded shares of York Water from a “strong sell” rating to a “sell” rating in a report on Saturday. Hilliard Lyons upgraded shares of York Water from an “underperform” rating to a “neutral” rating in a report on Thursday. Finally, Zacks Investment Research upgraded shares of York Water from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Saturday, January 6th.
York Water (NASDAQ:YORW) last announced its quarterly earnings data on Tuesday, March 6th. The utilities provider reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.02. The company had revenue of $12.35 million during the quarter. York Water had a net margin of 26.70% and a return on equity of 11.13%. equities analysts anticipate that York Water will post 1 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Wednesday, February 28th will be issued a $0.167 dividend. This represents a $0.67 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Tuesday, February 27th. This is an increase from York Water’s previous quarterly dividend of $0.17. York Water’s dividend payout ratio (DPR) is currently 66.34%.
Institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its holdings in shares of York Water by 50.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 14,790 shares of the utilities provider’s stock valued at $515,000 after purchasing an additional 4,953 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of York Water by 17.0% in the 2nd quarter. Vanguard Group Inc. now owns 730,831 shares of the utilities provider’s stock valued at $25,469,000 after purchasing an additional 106,392 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of York Water by 3.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 403,978 shares of the utilities provider’s stock valued at $13,695,000 after purchasing an additional 14,254 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of York Water by 3.8% in the 3rd quarter. First Trust Advisors LP now owns 92,586 shares of the utilities provider’s stock valued at $3,139,000 after purchasing an additional 3,427 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of York Water by 2.7% in the 2nd quarter. Northern Trust Corp now owns 172,958 shares of the utilities provider’s stock valued at $6,028,000 after purchasing an additional 4,616 shares in the last quarter. Institutional investors and hedge funds own 34.32% of the company’s stock.
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About York Water
The York Water Company is an investor-owned water utility in the United States. The primary business of the Company is to impound, purify to meet or exceed safe drinking water standards and distribute water. As of December 31, 2016, it also owned and operated three wastewater collection systems and two wastewater treatment systems.
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