The York Water Company (NASDAQ:YORW) Shares Sold by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC reduced its holdings in shares of The York Water Company (NASDAQ:YORW - Free Report) by 59.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,537 shares of the utilities provider's stock after selling 21,463 shares during the quarter. Harbor Investment Advisory LLC owned approximately 0.10% of York Water worth $476,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC grew its holdings in shares of York Water by 69.2% during the third quarter. SG Americas Securities LLC now owns 5,600 shares of the utilities provider's stock worth $210,000 after buying an additional 2,291 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of York Water in the 2nd quarter worth $238,000. GSA Capital Partners LLP purchased a new stake in shares of York Water in the third quarter valued at about $268,000. FMR LLC increased its stake in shares of York Water by 79.9% during the third quarter. FMR LLC now owns 7,271 shares of the utilities provider's stock worth $272,000 after acquiring an additional 3,229 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new position in York Water during the second quarter worth about $339,000. 49.86% of the stock is owned by institutional investors and hedge funds.

York Water Price Performance

Shares of YORW traded down $1.43 during mid-day trading on Wednesday, hitting $30.03. The company's stock had a trading volume of 81,289 shares, compared to its average volume of 59,191. The York Water Company has a 1-year low of $30.02 and a 1-year high of $41.96. 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 50-day simple moving average of $33.74 and a 200 day simple moving average of $36.58. The firm has a market capitalization of $431.53 million, a P/E ratio of 20.29 and a beta of 0.64.

York Water (NASDAQ:YORW - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.41 EPS for the quarter, meeting the consensus estimate of $0.41. The firm had revenue of $19.72 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%. Analysts predict that The York Water Company will post 1.43 EPS for the current fiscal year.

York Water Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.2192 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.88 dividend on an annualized basis and a yield of 2.92%. This is an increase from York Water's previous quarterly dividend of $0.21. York Water's payout ratio is currently 59.46%.

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.