York Water (NASDAQ:YORW) Announces Quarterly Earnings Results, Beats Expectations By $0.04 EPS

York Water (NASDAQ:YORW) posted its earnings results on Tuesday. The utilities provider reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.04, FiscalAI reports. The business had revenue of $19.47 million for the quarter, compared to analyst estimates of $20.00 million. York Water had a net margin of 25.89% and a return on equity of 8.54%.

York Water Price Performance

Shares of YORW opened at $33.31 on Thursday. The stock has a market cap of $481.00 million, a P/E ratio of 23.96 and a beta of 0.73. York Water has a 1 year low of $29.68 and a 1 year high of $36.48. The stock’s 50-day moving average price is $32.85 and its two-hundred day moving average price is $32.03. The company has a current ratio of 1.15, a quick ratio of 0.95 and a debt-to-equity ratio of 0.95.

York Water Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.228 per share. The ex-dividend date is Friday, February 27th. This represents a $0.91 dividend on an annualized basis and a yield of 2.7%. York Water’s dividend payout ratio (DPR) is 65.47%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on YORW. Wall Street Zen upgraded York Water from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of York Water in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, York Water has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of YORW. Advisory Services Network LLC bought a new stake in York Water in the third quarter valued at approximately $31,000. Parallel Advisors LLC grew its holdings in shares of York Water by 589.5% in the 3rd quarter. Parallel Advisors LLC now owns 1,179 shares of the utilities provider’s stock valued at $36,000 after buying an additional 1,008 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of York Water by 86.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,411 shares of the utilities provider’s stock valued at $45,000 after buying an additional 656 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of York Water by 189.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,533 shares of the utilities provider’s stock valued at $49,000 after buying an additional 1,004 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in York Water during the 4th quarter worth $67,000. Institutional investors own 49.86% of the company’s stock.

About York Water

York Water Company (NASDAQ: YORW) is an investor-owned regulated water utility headquartered in York, Pennsylvania. Founded in 1816, it is the oldest publicly traded water utility in the United States. The company’s principal operations involve the collection, treatment and distribution of potable water to residential, commercial and industrial customers under rate schedules approved by the Pennsylvania Public Utility Commission.

York Water Company’s service territory covers portions of south-central Pennsylvania, including York County and neighboring Adams and Franklin counties.