The York Water Company (NASDAQ:YORW) Stock Holdings Trimmed by Verition Fund Management LLC

Verition Fund Management LLC lowered its holdings in shares of The York Water Company (NASDAQ:YORWGet Rating) by 7.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,000 shares of the utilities provider’s stock after selling 1,500 shares during the period. Verition Fund Management LLC owned approximately 0.13% of York Water worth $809,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in YORW. BNP Paribas Arbitrage SA raised its stake in York Water by 20.7% during the 4th quarter. BNP Paribas Arbitrage SA now owns 4,748 shares of the utilities provider’s stock valued at $236,000 after acquiring an additional 813 shares in the last quarter. Principal Financial Group Inc. raised its stake in York Water by 33.9% during the 4th quarter. Principal Financial Group Inc. now owns 8,780 shares of the utilities provider’s stock valued at $437,000 after acquiring an additional 2,222 shares in the last quarter. GSA Capital Partners LLP bought a new stake in York Water during the 4th quarter valued at $307,000. Summit Global Investments bought a new stake in York Water during the 4th quarter valued at $687,000. Finally, Addison Capital Co raised its stake in York Water by 5.6% during the 1st quarter. Addison Capital Co now owns 5,990 shares of the utilities provider’s stock valued at $269,000 after acquiring an additional 315 shares in the last quarter. Institutional investors own 45.82% of the company’s stock.

York Water Stock Down 2.3 %

Shares of YORW stock opened at $42.34 on Thursday. The York Water Company has a 1 year low of $37.52 and a 1 year high of $49.89. The stock has a market cap of $604.06 million, a PE ratio of 32.08 and a beta of 0.45. The business’s fifty day moving average is $43.57 and its 200-day moving average is $42.14. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.59 and a current ratio of 0.69.

York Water Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a dividend of $0.1949 per share. This represents a $0.78 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Thursday, September 29th. York Water’s dividend payout ratio (DPR) is presently 59.09%.

York Water Company Profile

(Get Rating)

The York Water Company impounds, purifies, and distributes drinking water. It owns and operates three wastewater collection systems; five 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 nine groundwater wells that supply water to customers in the Adams County.

See Also

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Institutional Ownership by Quarter for York Water (NASDAQ:YORW)

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