Bank of New York Mellon Corp Increases Stock Position in The York Water Company (NASDAQ:YORW)

Bank of New York Mellon Corp increased its position in shares of The York Water Company (NASDAQ:YORW - Free Report) by 19.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 117,264 shares of the utilities provider's stock after buying an additional 19,238 shares during the period. Bank of New York Mellon Corp owned about 0.82% of York Water worth $3,837,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC increased its stake in shares of York Water by 17.9% during the fourth quarter. SG Americas Securities LLC now owns 6,605 shares of the utilities provider's stock worth $216,000 after buying an additional 1,005 shares during the period. GSA Capital Partners LLP purchased a new position in York Water in the third quarter valued at approximately $268,000. FMR LLC increased its stake in York Water by 79.9% in the third quarter. FMR LLC now owns 7,271 shares of the utilities provider's stock valued at $272,000 after purchasing an additional 3,229 shares during the last quarter. D.A. Davidson & CO. purchased a new position in York Water in the third quarter valued at approximately $341,000. Finally, PDT Partners LLC increased its stake in York Water by 7.0% in the third quarter. PDT Partners LLC now owns 10,136 shares of the utilities provider's stock valued at $380,000 after purchasing an additional 663 shares during the last quarter. 49.86% of the stock is currently owned by hedge funds and other institutional investors.

York Water Stock Down 1.7 %

York Water stock traded down $0.58 during mid-day trading on Friday, hitting $33.46. The company had a trading volume of 168,518 shares, compared to its average volume of 53,703. The stock has a market cap of $481.46 million, a price-to-earnings ratio of 22.61 and a beta of 0.61. The York Water Company has a 1 year low of $29.86 and a 1 year high of $41.96. The company has a quick ratio of 0.68, a current ratio of 0.88 and a debt-to-equity ratio of 0.87. The business has a fifty day moving average of $32.50 and a 200 day moving average of $34.67.

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

York Water Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, February 28th will be given a dividend of $0.2192 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.62%. York Water's dividend payout ratio (DPR) is presently 61.27%.

York Water Company Profile

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.