Proficio Capital Partners LLC Makes New $434,000 Investment in The York Water Company (NASDAQ:YORW)

Proficio Capital Partners LLC acquired a new position in shares of The York Water Company (NASDAQ:YORW - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 13,252 shares of the utilities provider's stock, valued at approximately $434,000. Proficio Capital Partners LLC owned 0.09% of York Water at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. PDT Partners LLC raised its position in shares of York Water by 7.0% during the 3rd quarter. PDT Partners LLC now owns 10,136 shares of the utilities provider's stock worth $380,000 after buying an additional 663 shares in the last quarter. Fulton Bank N.A. raised its holdings in York Water by 4.7% during the fourth quarter. Fulton Bank N.A. now owns 16,600 shares of the utilities provider's stock worth $543,000 after purchasing an additional 750 shares in the last quarter. SG Americas Securities LLC raised its holdings in 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 purchasing an additional 1,005 shares in the last quarter. Rhumbline Advisers lifted its position in York Water by 6.4% in the fourth quarter. Rhumbline Advisers now owns 25,755 shares of the utilities provider's stock worth $843,000 after purchasing an additional 1,560 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in York Water by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 116,666 shares of the utilities provider's stock valued at $4,370,000 after purchasing an additional 2,828 shares in the last quarter. 49.86% of the stock is owned by institutional investors.

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York Water Price Performance

York Water stock traded up $0.71 during midday trading on Thursday, hitting $34.54. The company's stock had a trading volume of 53,074 shares, compared to its average volume of 65,970. The York Water Company has a 12 month low of $29.86 and a 12 month 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 company has a market capitalization of $497.00 million, a PE ratio of 23.34 and a beta of 0.61. The stock's 50-day moving average price is $32.10 and its 200-day moving average price is $34.85.

York Water (NASDAQ:YORW - Get Free Report) last released its earnings results on Tuesday, March 4th. The utilities provider reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.01). The business had revenue of $18.87 million during 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%. Analysts anticipate that The York Water Company will post 1.43 earnings per share for the current fiscal year.

York Water Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.2192 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Friday, February 28th. York Water's dividend payout ratio is presently 61.27%.

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.