York Water Co (NASDAQ:YORW)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $49.63 and last traded at $49.63, with a volume of 722 shares changing hands. The stock had previously closed at $48.90.

A number of equities research analysts have weighed in on YORW shares. BidaskClub upgraded York Water from a “hold” rating to a “buy” rating in a research note on Thursday, January 16th. Zacks Investment Research lowered shares of York Water from a “buy” rating to a “hold” rating in a research note on Saturday, January 11th. Finally, ValuEngine cut shares of York Water from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $39.50.

The stock has a market capitalization of $622.02 million, a price-to-earnings ratio of 43.25 and a beta of 0.22. The firm has a 50-day moving average of $45.66 and a 200 day moving average of $41.41. The company has a current ratio of 0.59, a quick ratio of 0.52 and a debt-to-equity ratio of 0.71.

York Water (NASDAQ:YORW) last posted its quarterly earnings results on Thursday, November 7th. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.03. The company had revenue of $13.68 million for the quarter, compared to analysts’ expectations of $13.00 million. York Water had a return on equity of 11.43% and a net margin of 29.02%. Equities research analysts predict that York Water Co will post 1.14 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.18 dividend. This is a positive change from York Water’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.46%. York Water’s dividend payout ratio (DPR) is 69.23%.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. lifted its stake in York Water by 6.3% during the second quarter. BlackRock Inc. now owns 809,717 shares of the utilities provider’s stock valued at $28,923,000 after buying an additional 47,829 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of York Water by 0.5% during the second quarter. Vanguard Group Inc. now owns 710,318 shares of the utilities provider’s stock valued at $25,371,000 after acquiring an additional 3,359 shares during the period. State Street Corp raised its holdings in shares of York Water by 1.9% during the third quarter. State Street Corp now owns 275,299 shares of the utilities provider’s stock valued at $12,066,000 after acquiring an additional 5,109 shares during the period. Northern Trust Corp raised its holdings in shares of York Water by 1.8% during the second quarter. Northern Trust Corp now owns 179,611 shares of the utilities provider’s stock valued at $6,415,000 after acquiring an additional 3,229 shares during the period. Finally, First Trust Advisors LP lifted its position in shares of York Water by 23.8% in the 3rd quarter. First Trust Advisors LP now owns 152,733 shares of the utilities provider’s stock valued at $6,668,000 after acquiring an additional 29,377 shares in the last quarter. 38.98% of the stock is currently owned by hedge funds and other institutional investors.

York Water Company Profile (NASDAQ:YORW)

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 hold approximately 2.2 billion gallons of water. In addition, the company has a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns seven wells that supply water to its customers in Carroll Valley Borough and Cumberland Township, Adams County.

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