The stock of York Water Co (NASDAQ:YORW) hit a new 52-week high and has $39.55 target or 3.00% above today’s $38.40 share price. The 7 months bullish chart indicates low risk for the $497.79M company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $39.55 price target is reached, the company will be worth $14.93M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 31,560 shares traded hands. York Water Co (NASDAQ:YORW) has risen 25.68% since April 26, 2016 and is uptrending. It has outperformed by 20.42% the S&P500.
Analysts await York Water Co (NASDAQ:YORW) to report earnings on March, 14.
According to Zacks Investment Research, “The York Water Company impounds, purifies and distributes water. They are regulated by the Pennsylvania Public Utility Commission in the areas of billing, payment procedures, dispute processing, terminations, service territory, and rate setting. They must obtain PPUC approval before changing any of the aforementioned procedures.”
Insitutional Activity: The institutional sentiment increased to 1.16 in Q2 2016. Its up 0.13, from 1.03 in 2016Q1. The ratio improved, as 8 funds sold all York Water Co shares owned while 29 reduced positions. 14 funds bought stakes while 24 increased positions. They now own 3.94 million shares or 0.87% more from 3.90 million shares in 2016Q1.
Royal Natl Bank Of Canada has invested 0% of its portfolio in York Water Co (NASDAQ:YORW). Tiaa Cref Ltd Limited Liability Company has 0% invested in the company for 38,384 shares. Manchester Capital Management Ltd Com accumulated 20,524 shares or 0.09% of the stock. Fulton Bancorp Na owns 15,593 shares or 0.05% of their US portfolio. Wells Fargo And Co Mn reported 26,501 shares or 0% of all its holdings. Citigroup holds 1,929 shares or 0% of its portfolio. The Maryland-based Brown Advisory has invested 0% in York Water Co (NASDAQ:YORW). Kbc Gp Nv reported 54,441 shares or 0.02% of all its holdings. Voya Inv Mgmt Ltd Com holds 0% or 7,348 shares in its portfolio. Pnc Fincl Ser Group Inc last reported 24,762 shares in the company. Commonwealth Equity Svcs Incorporated owns 8,231 shares or 0% of their US portfolio. Federated Investors Pa has 31 shares for 0% of their US portfolio. Edge Wealth Management has 15 shares for 0% of their US portfolio. Gabelli Funds Limited Com, a New York-based fund reported 147,000 shares. Dimensional Fund Advisors Lp holds 0.01% of its portfolio in York Water Co (NASDAQ:YORW) for 325,024 shares.
Insider Transactions: Since June 15, 2016, the stock had 32 buys, and 1 sale for $87,005 net activity. 21 shares with value of $608 were bought by Rasmussen Steven R on Wednesday, August 17. $3,920 worth of York Water Co (NASDAQ:YORW) was bought by MILLER KATHLEEN M. Shares for $1,151 were bought by MCINTOSH BRUCE C. Shares for $15,039 were bought by HINES JEFFREY R. Keller Jody L bought $303 worth of stock. Strine John H had bought 65 shares worth $1,960 on Friday, July 15. 27 shares were bought by NEWCOMER ROBERT P, worth $818 on Friday, October 14.
More recent York Water Co (NASDAQ:YORW) news were published by: Streetinsider.com which released: “Form 4 YORK WATER CO For: Nov 28 Filed by: GANG MICHAEL W” on November 29, 2016. Also Cpbj.com published the news titled: “5 facts you may not know about York Water Co.” on February 18, 2016. Seekingalpha.com‘s news article titled: “The York Water Company: Overflowing Valuation” with publication date: November 07, 2016 was also an interesting one.
YORW Company Profile
The York Water Company, incorporated on February 08, 1816, is an investor-owned water utility. The Firm impounds, purifies and distributes water. The Firm owns and operates approximately two wastewater collection and treatment systems. It operates within its franchised territory, which covers over 40 municipalities within York County, Pennsylvania and over nine municipalities within Adams County, Pennsylvania. The Company’s approximately two wastewater treatment facilities are located in East Manchester and Lower Windsor Townships. The Firm also provides sewer billing services. The Firm has a service line protection program, which allows clients to pay a fixed monthly fee, and the Company repairs or replaces damaged customer service lines.
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