The York Water Company (NASDAQ:YORW) Position Boosted by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its holdings in shares of The York Water Company (NASDAQ:YORW - Free Report) by 26.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,026 shares of the utilities provider's stock after buying an additional 16,209 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.54% of York Water worth $2,553,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Zimmer Partners LP raised its stake in York Water by 1.0% during the 3rd quarter. Zimmer Partners LP now owns 709,867 shares of the utilities provider's stock valued at $26,592,000 after acquiring an additional 7,083 shares in the last quarter. State Street Corp increased its holdings in shares of York Water by 9.4% during the third quarter. State Street Corp now owns 473,568 shares of the utilities provider's stock valued at $17,835,000 after purchasing an additional 40,746 shares during the period. Geode Capital Management LLC raised its stake in shares of York Water by 0.9% during the third quarter. Geode Capital Management LLC now owns 343,279 shares of the utilities provider's stock valued at $12,862,000 after purchasing an additional 3,082 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in York Water by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 116,666 shares of the utilities provider's stock worth $4,370,000 after purchasing an additional 2,828 shares during the period. Finally, JPMorgan Chase & Co. grew its position in York Water by 78.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,368 shares of the utilities provider's stock valued at $1,138,000 after buying an additional 13,339 shares in the last quarter. 49.86% of the stock is owned by institutional investors.

York Water Price Performance

York Water stock traded down $0.39 during trading hours on Monday, hitting $32.72. 85,061 shares of the company traded hands, compared to its average volume of 58,053. 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 cap of $470.19 million, a P/E ratio of 22.11 and a beta of 0.64. The firm's 50-day simple moving average is $32.03 and its two-hundred day simple moving average is $35.24. The company has a quick ratio of 0.68, a current ratio of 0.88 and a debt-to-equity ratio of 0.87.

York Water Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, February 28th will be issued a dividend of $0.2192 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.88 annualized dividend and a yield of 2.68%. York Water's payout ratio is 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.