York Water (NASDAQ:YORW)‘s stock had its “outperform” rating reissued by investment analysts at Boenning Scattergood in a research note issued on Thursday.

Separately, BidaskClub raised shares of York Water from a “sell” rating to a “hold” rating in a research report on Friday, June 22nd.

YORW stock opened at $30.33 on Thursday. York Water has a twelve month low of $27.45 and a twelve month high of $39.00. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.48 and a quick ratio of 0.43. The company has a market cap of $392.62 million, a PE ratio of 29.23 and a beta of 0.26.

York Water (NASDAQ:YORW) last released its quarterly earnings results on Thursday, August 2nd. The utilities provider reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. York Water had a net margin of 27.42% and a return on equity of 11.14%. The business had revenue of $12.03 million during the quarter.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC lifted its stake in York Water by 22.0% during the second quarter. Commonwealth Equity Services LLC now owns 10,157 shares of the utilities provider’s stock worth $323,000 after purchasing an additional 1,833 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in York Water by 41.1% during the first quarter. JPMorgan Chase & Co. now owns 6,586 shares of the utilities provider’s stock worth $204,000 after purchasing an additional 1,918 shares during the last quarter. Royal Bank of Canada lifted its stake in York Water by 12.4% during the first quarter. Royal Bank of Canada now owns 19,373 shares of the utilities provider’s stock worth $601,000 after purchasing an additional 2,132 shares during the last quarter. Guggenheim Capital LLC lifted its stake in York Water by 4.0% during the first quarter. Guggenheim Capital LLC now owns 56,017 shares of the utilities provider’s stock worth $1,736,000 after purchasing an additional 2,161 shares during the last quarter. Finally, KBC Group NV lifted its stake in York Water by 4.5% during the second quarter. KBC Group NV now owns 54,312 shares of the utilities provider’s stock worth $1,727,000 after purchasing an additional 2,329 shares during the last quarter. Hedge funds and other institutional investors own 34.37% of the company’s stock.

York Water Company Profile

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 together hold up to approximately 2.2 billion gallons of water.

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