York Water (NASDAQ:YORW) Sees Large Volume Increase

Shares of The York Water Company (NASDAQ:YORW) saw an uptick in trading volume on Friday . 34,943 shares traded hands during trading, a decline of 37% from the previous session’s volume of 55,297 shares.The stock last traded at $38.75 and had previously closed at $38.99.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of York Water from a “sell” rating to a “hold” rating in a report on Friday, August 30th.

York Water Price Performance

The company has a market capitalization of $552.57 million, a P/E ratio of 22.75 and a beta of 0.64. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.78 and a quick ratio of 0.61. The firm’s 50-day moving average is $39.23 and its 200-day moving average is $37.25.

York Water (NASDAQ:YORW) last posted its quarterly earnings data on Friday, August 2nd. The utilities provider reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.10). The company had revenue of $18.75 million for the quarter, compared to analysts’ expectations of $19.00 million. York Water had a net margin of 31.27% and a return on equity of 10.32%. Analysts predict that The York Water Company will post 1.43 EPS for the current fiscal year.

York Water Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.2108 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.84 annualized dividend and a yield of 2.19%. York Water’s payout ratio is 49.41%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in YORW. Russell Investments Group Ltd. boosted its position in shares of York Water by 14.4% during the 1st quarter. Russell Investments Group Ltd. now owns 122,388 shares of the utilities provider’s stock valued at $4,439,000 after acquiring an additional 15,362 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of York Water during the 2nd quarter valued at about $339,000. State Board of Administration of Florida Retirement System bought a new position in shares of York Water in the 1st quarter valued at about $330,000. Panagora Asset Management Inc. purchased a new position in York Water in the fourth quarter worth about $306,000. Finally, Rhumbline Advisers increased its stake in York Water by 35.0% during the second quarter. Rhumbline Advisers now owns 25,123 shares of the utilities provider’s stock worth $932,000 after acquiring an additional 6,519 shares during the last quarter. Hedge funds and other institutional investors own 49.86% of the company’s stock.

About York Water

The York Water Company impounds, purifies, and distributes drinking water. It owns and operates three wastewater collection systems; ten wastewater collection and treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. The company also operates a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns satellite groundwater systems in York, Adams, and Lancaster Counties, as well as two impounding dams on primary system located in York and Springfield Townships.