York Water (NASDAQ:YORW) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of York Water (NASDAQ:YORW) from a hold rating to a sell rating in a report published on Saturday morning.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of York Water in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, York Water currently has an average rating of “Hold”.

York Water Price Performance

Shares of NASDAQ:YORW opened at $32.08 on Friday. York Water has a 52 week low of $29.68 and a 52 week high of $36.48. The company has a 50-day moving average price of $32.87 and a 200 day moving average price of $31.76. The company has a market cap of $463.24 million, a P/E ratio of 23.08 and a beta of 0.72. The company has a quick ratio of 0.95, a current ratio of 1.15 and a debt-to-equity ratio of 0.95.

York Water Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, February 27th will be given a $0.228 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 2.8%. York Water’s payout ratio is currently 65.47%.

Institutional Trading of York Water

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc lifted its holdings in shares of York Water by 290.7% during the 3rd quarter. Versant Capital Management Inc now owns 922 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 686 shares during the period. Advisory Services Network LLC acquired a new position in York Water during the third quarter worth approximately $31,000. Parallel Advisors LLC raised its stake in York Water by 589.5% during the third quarter. Parallel Advisors LLC now owns 1,179 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 1,008 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of York Water by 62.4% in the 4th quarter. Farther Finance Advisors LLC now owns 1,148 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 441 shares during the last quarter. Finally, AlphaQuest LLC boosted its holdings in shares of York Water by 700.0% in the 2nd quarter. AlphaQuest LLC now owns 1,232 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 1,078 shares during the last quarter. Hedge funds and other 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.