The York Water Company (NASDAQ:YORW) Shares Purchased by CenterBook Partners LP

CenterBook Partners LP raised its stake in shares of The York Water Company (NASDAQ:YORW - Free Report) by 78.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,433 shares of the utilities provider's stock after purchasing an additional 9,396 shares during the quarter. CenterBook Partners LP owned about 0.15% of York Water worth $701,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in YORW. Martingale Asset Management L P increased its holdings in York Water by 3.0% in the 4th quarter. Martingale Asset Management L P now owns 22,785 shares of the utilities provider's stock worth $746,000 after buying an additional 670 shares during the period. Wells Fargo & Company MN boosted its holdings in York Water by 6.4% in the fourth quarter. Wells Fargo & Company MN now owns 16,404 shares of the utilities provider's stock valued at $537,000 after purchasing an additional 992 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in York Water during the 4th quarter worth about $41,000. JPMorgan Chase & Co. grew its position in York Water by 49.3% during the 4th quarter. JPMorgan Chase & Co. now owns 45,325 shares of the utilities provider's stock worth $1,483,000 after purchasing an additional 14,957 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of York Water in the 4th quarter valued at about $211,000. Hedge funds and other institutional investors own 49.86% of the company's stock.

York Water Stock Performance

YORW stock traded up $0.12 during trading on Thursday, hitting $35.57. 25,049 shares of the company traded hands, compared to its average volume of 56,240. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.88 and a quick ratio of 0.68. The York Water Company has a 1 year low of $29.86 and a 1 year high of $41.96. The stock's 50-day simple moving average is $33.73 and its 200 day simple moving average is $34.12. The company has a market cap of $511.82 million, a PE ratio of 24.03 and a beta of 0.65.

York Water (NASDAQ:YORW - Get Free Report) last posted its earnings results 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). The firm had revenue of $18.87 million for the quarter, compared to analysts' expectations of $19.00 million. York Water had a return on equity of 9.44% and a net margin of 28.57%. On average, equities analysts expect that The York Water Company will post 1.43 earnings per share for the current fiscal year.

York Water Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, February 28th were issued a $0.2192 dividend. This represents a $0.88 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Friday, February 28th. York Water's payout ratio is presently 61.27%.

York Water 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.