York Water (NASDAQ:YORW) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of York Water (NASDAQ:YORW – Get Rating) in a research report sent to investors on Thursday morning. The brokerage issued a hold rating on the utilities provider’s stock.

Separately, TheStreet raised York Water from a c+ rating to a b+ rating in a research note on Monday, December 12th.

York Water Trading Down 1.1 %

YORW opened at $44.57 on Thursday. The stock has a market cap of $636.91 million, a price-to-earnings ratio of 31.84 and a beta of 0.53. The stock’s 50 day moving average price is $44.86 and its 200-day moving average price is $43.93. York Water has a one year low of $36.85 and a one year high of $47.23. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.70 and a current ratio of 0.84.

York Water Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Tuesday, February 28th will be issued a $0.2027 dividend. The ex-dividend date is Monday, February 27th. This represents a $0.81 dividend on an annualized basis and a dividend yield of 1.82%. York Water’s payout ratio is 57.86%.

Institutional Trading of York Water

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of York Water by 6.8% in the third quarter. Vanguard Group Inc. now owns 905,176 shares of the utilities provider’s stock valued at $34,786,000 after purchasing an additional 57,945 shares during the period. Zimmer Partners LP boosted its holdings in shares of York Water by 1,571.2% in the second quarter. Zimmer Partners LP now owns 626,713 shares of the utilities provider’s stock valued at $25,338,000 after purchasing an additional 589,213 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of York Water by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 393,395 shares of the utilities provider’s stock valued at $17,695,000 after purchasing an additional 11,855 shares during the period. State Street Corp boosted its holdings in shares of York Water by 4.3% in the third quarter. State Street Corp now owns 306,617 shares of the utilities provider’s stock valued at $11,842,000 after purchasing an additional 12,610 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of York Water by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 264,753 shares of the utilities provider’s stock valued at $11,908,000 after purchasing an additional 9,145 shares during the period. Hedge funds and other institutional investors own 46.68% of the company’s stock.

About York Water

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The York Water Co engages in impounding, purifying, and distribution of drinking water. It owns and operates wastewater collection systems and wastewater treatment systems. The company was founded on February 23, 1816 and is headquartered in York, PA.