JPMorgan Chase & Co. Raises Holdings in The York Water Company (NASDAQ:YORW)

JPMorgan Chase & Co. boosted its holdings in shares of The York Water Company (NASDAQ:YORW - Free Report) by 78.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,368 shares of the utilities provider's stock after purchasing an additional 13,339 shares during the quarter. JPMorgan Chase & Co. owned about 0.21% of York Water worth $1,138,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in YORW. SG Americas Securities LLC increased its stake in York Water by 69.2% in the 3rd quarter. SG Americas Securities LLC now owns 5,600 shares of the utilities provider's stock worth $210,000 after acquiring an additional 2,291 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in York Water in the 2nd quarter worth approximately $238,000. GSA Capital Partners LLP bought a new stake in York Water in the 3rd quarter worth approximately $268,000. FMR LLC increased its stake in York Water by 79.9% in the 3rd 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 last quarter. Finally, D.A. Davidson & CO. bought a new stake in York Water in the 3rd quarter worth approximately $341,000. Institutional investors own 49.86% of the company's stock.

York Water Price Performance

NASDAQ:YORW traded up $0.09 during trading hours on Friday, reaching $30.20. The stock had a trading volume of 49,039 shares, compared to its average volume of 51,561. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.68 and a current ratio of 0.88. The York Water Company has a 52 week low of $29.86 and a 52 week high of $41.96. The company has a 50 day moving average price of $33.40 and a two-hundred day moving average price of $36.45. The stock has a market capitalization of $433.97 million, a PE ratio of 20.41 and a beta of 0.64.

York Water (NASDAQ:YORW - Get Free Report) last released its earnings results on Thursday, November 7th. The utilities provider reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. The firm had revenue of $19.72 million for the quarter, compared to the consensus estimate of $19.00 million. York Water had a return on equity of 9.44% and a net margin of 28.57%. As a group, sell-side analysts anticipate that The York Water Company will post 1.43 earnings per share for the current fiscal year.

York Water Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.2192 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.88 annualized dividend and a dividend yield of 2.90%. 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.