York Water (NASDAQ:YORW) Upgraded by Wall Street Zen to “Hold” Rating

York Water (NASDAQ:YORW) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

York Water Stock Performance

NASDAQ:YORW opened at $30.86 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.80 and a debt-to-equity ratio of 0.93. The firm has a 50-day moving average price of $31.05 and a two-hundred day moving average price of $32.63. York Water has a twelve month low of $29.86 and a twelve month high of $39.79. The company has a market capitalization of $445.00 million, a P/E ratio of 22.53 and a beta of 0.74.

York Water (NASDAQ:YORW) last posted its earnings results on Tuesday, August 12th. The utilities provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. York Water had a net margin of 25.83% and a return on equity of 8.50%. The firm had revenue of $19.20 million during the quarter, compared to the consensus estimate of $19.00 million. As a group, research analysts expect that York Water will post 1.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On York Water

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of York Water by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 870,459 shares of the utilities provider’s stock worth $30,188,000 after purchasing an additional 20,385 shares during the last quarter. Zimmer Partners LP boosted its stake in shares of York Water by 1.4% during the 1st quarter. Zimmer Partners LP now owns 757,623 shares of the utilities provider’s stock worth $26,274,000 after purchasing an additional 10,680 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of York Water by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 353,661 shares of the utilities provider’s stock worth $11,178,000 after purchasing an additional 4,965 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of York Water by 13.0% during the 2nd quarter. Legal & General Group Plc now owns 259,883 shares of the utilities provider’s stock worth $8,212,000 after purchasing an additional 29,882 shares during the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of York Water by 21.6% during the 4th quarter. ProShare Advisors LLC now owns 226,339 shares of the utilities provider’s stock worth $7,406,000 after purchasing an additional 40,199 shares during the last quarter. 49.86% of the stock is owned by institutional investors and hedge funds.

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.