Teacher Retirement System of Texas acquired a new stake in shares of The York Water Company (NASDAQ:YORW - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 11,801 shares of the utilities provider's stock, valued at approximately $386,000. Teacher Retirement System of Texas owned approximately 0.08% of York Water as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Zimmer Partners LP raised its stake in shares of York Water by 1.0% during the third 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 during the last quarter. State Street Corp increased its stake in shares of York Water by 9.4% in the third quarter. State Street Corp now owns 473,568 shares of the utilities provider's stock valued at $17,835,000 after buying an additional 40,746 shares during the period. Geode Capital Management LLC raised its position 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 worth $12,862,000 after acquiring an additional 3,082 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of York Water by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 117,405 shares of the utilities provider's stock worth $3,841,000 after acquiring an additional 739 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in 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 valued at $3,837,000 after acquiring an additional 19,238 shares during the last quarter. Institutional investors own 49.86% of the company's stock.
York Water Trading Down 2.5 %
York Water stock traded down $0.90 during mid-day trading on Friday, hitting $34.40. 46,581 shares of the stock were exchanged, compared to its average volume of 55,708. The firm's fifty day simple moving average is $33.10 and its two-hundred day simple moving average is $34.40. 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 York Water Company has a 12 month low of $29.86 and a 12 month high of $41.96. The stock has a market capitalization of $494.91 million, a price-to-earnings ratio of 23.34 and a beta of 0.61.
York Water (NASDAQ:YORW - Get Free Report) last released its earnings results on Tuesday, March 4th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). York Water had a net margin of 28.57% and a return on equity of 9.44%. The firm had revenue of $18.87 million during the quarter, compared to analyst estimates of $19.00 million. Analysts forecast that The York Water Company will post 1.43 EPS for the current year.
York Water Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, February 28th will be given a dividend of $0.2192 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.55%. York Water's payout ratio is presently 61.27%.
About York Water
(
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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