York Water (NASDAQ:YORW) Trading Up 3.1% - Time to Buy?

The York Water Company (NASDAQ:YORW - Get Free Report)'s stock price traded up 3.1% on Friday . The stock traded as high as $34.74 and last traded at $34.85. 20,322 shares traded hands during trading, a decline of 63% from the average session volume of 55,579 shares. The stock had previously closed at $33.79.

York Water Stock Performance

The firm's fifty day moving average price is $32.90 and its 200-day moving average price is $34.40. The company has a current ratio of 0.88, a quick ratio of 0.68 and a debt-to-equity ratio of 0.87. The firm has a market cap of $500.74 million, a price-to-earnings ratio of 23.51 and a beta of 0.61.

York Water (NASDAQ:YORW - Get Free Report) last released its quarterly earnings data on Tuesday, March 4th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). York Water had a net margin of 28.57% and a return on equity of 9.44%. The company had revenue of $18.87 million during the quarter, compared to analyst estimates of $19.00 million. Analysts expect that The York Water Company will post 1.43 earnings per share for the current year.

York Water Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, February 28th will be given a dividend of $0.2192 per share. This represents a $0.88 annualized dividend and a yield of 2.52%. The ex-dividend date is Friday, February 28th. York Water's dividend payout ratio (DPR) is 61.27%.

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Institutional Investors Weigh In On York Water

Several large investors have recently modified their holdings of YORW. State Street Corp raised its position in York Water by 9.4% in the 3rd quarter. State Street Corp now owns 473,568 shares of the utilities provider's stock valued at $17,835,000 after purchasing an additional 40,746 shares during the last quarter. Johnson & White Wealth Management LLC purchased a new position in York Water in the 4th quarter valued at $828,000. Barclays PLC increased its stake in York Water by 297.0% in the 3rd quarter. Barclays PLC now owns 22,371 shares of the utilities provider's stock valued at $838,000 after buying an additional 16,736 shares during the period. JPMorgan Chase & Co. raised its position in York Water by 78.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,368 shares of the utilities provider's stock worth $1,138,000 after buying an additional 13,339 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of York Water by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 116,666 shares of the utilities provider's stock worth $4,370,000 after acquiring an additional 2,828 shares during the period. 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.