BidaskClub upgraded shares of York Water (NASDAQ:YORW) from a hold rating to a buy rating in a report released on Saturday, BidAskClub reports.

Separately, Zacks Investment Research restated a hold rating and issued a $52.00 price target on shares of York Water in a research report on Saturday, June 20th.

NASDAQ:YORW opened at $47.02 on Friday. York Water has a 12 month low of $34.34 and a 12 month high of $49.85. The stock has a 50 day moving average of $44.51 and a two-hundred day moving average of $44.59. The company has a current ratio of 0.63, a quick ratio of 0.56 and a debt-to-equity ratio of 0.70. The firm has a market cap of $619.09 million, a P/E ratio of 39.18 and a beta of 0.17.

York Water (NASDAQ:YORW) last posted its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.08. The business had revenue of $12.88 million during the quarter, compared to analyst estimates of $12.00 million. York Water had a return on equity of 11.74% and a net margin of 29.63%. On average, research analysts forecast that York Water will post 1.21 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.1802 dividend. The ex-dividend date is Monday, June 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.53%. York Water’s dividend payout ratio (DPR) is presently 64.86%.

A number of institutional investors have recently modified their holdings of YORW. Principal Financial Group Inc. grew its position in York Water by 2.2% in the fourth quarter. Principal Financial Group Inc. now owns 14,031 shares of the utilities provider’s stock worth $647,000 after acquiring an additional 302 shares during the period. Swiss National Bank grew its position in York Water by 2.9% in the fourth quarter. Swiss National Bank now owns 24,800 shares of the utilities provider’s stock worth $1,144,000 after acquiring an additional 700 shares during the period. State Street Corp grew its position in York Water by 2.4% in the fourth quarter. State Street Corp now owns 281,839 shares of the utilities provider’s stock worth $13,047,000 after acquiring an additional 6,540 shares during the period. Victory Capital Management Inc. grew its position in York Water by 28.3% in the fourth quarter. Victory Capital Management Inc. now owns 2,993 shares of the utilities provider’s stock worth $138,000 after acquiring an additional 660 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in York Water by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 32,200 shares of the utilities provider’s stock worth $1,485,000 after acquiring an additional 624 shares during the period. Institutional investors own 41.34% of the company’s stock.

About York Water

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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