Proficio Capital Partners LLC bought a new stake in The York Water Company (NASDAQ:YORW - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 13,252 shares of the utilities provider's stock, valued at approximately $434,000. Proficio Capital Partners LLC owned approximately 0.09% of York Water at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of YORW. Charles Schwab Investment Management Inc. increased its stake in York Water by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 117,405 shares of the utilities provider's stock worth $3,841,000 after buying an additional 739 shares during the period. Bank of New York Mellon Corp grew its stake in shares of York Water by 19.6% in the fourth quarter. Bank of New York Mellon Corp now owns 117,264 shares of the utilities provider's stock worth $3,837,000 after acquiring an additional 19,238 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of York Water by 26.2% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 78,026 shares of the utilities provider's stock worth $2,553,000 after acquiring an additional 16,209 shares during the period. Rhumbline Advisers raised its stake in shares of York Water by 6.4% in the fourth quarter. Rhumbline Advisers now owns 25,755 shares of the utilities provider's stock valued at $843,000 after acquiring an additional 1,560 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in York Water by 17.9% during the 4th 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. 49.86% of the stock is currently owned by hedge funds and other institutional investors.
York Water Stock Up 2.6 %
Shares of YORW traded up $0.87 during midday trading on Friday, hitting $34.66. The company had a trading volume of 91,369 shares, compared to its average volume of 55,822. The York Water Company has a 1 year low of $29.86 and a 1 year high of $41.96. The firm has a market capitalization of $498.72 million, a P/E ratio of 23.42 and a beta of 0.61. 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 company's 50-day simple moving average is $32.70 and its 200-day simple moving average is $34.53.
York Water (NASDAQ:YORW - Get Free Report) last posted 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 firm had revenue of $18.87 million for the quarter, compared to analyst estimates 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 expect that The York Water Company will post 1.43 EPS for the current 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. This represents a $0.88 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Friday, February 28th. York Water's dividend payout ratio (DPR) is presently 61.27%.
York Water Company Profile
(
Free Report)
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.
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