Allspring Global Investments Holdings LLC Cuts Position in The York Water Company (NASDAQ:YORW)

Allspring Global Investments Holdings LLC trimmed its position in shares of The York Water Company (NASDAQ:YORW) by 2.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,543 shares of the utilities provider’s stock after selling 482 shares during the period. Allspring Global Investments Holdings LLC owned about 0.12% of York Water worth $724,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of York Water by 6.8% in the third quarter. Vanguard Group Inc. now owns 905,176 shares of the utilities provider’s stock valued at $34,786,000 after acquiring an additional 57,945 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of York Water by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 394,850 shares of the utilities provider’s stock valued at $17,650,000 after acquiring an additional 1,455 shares during the period. State Street Corp boosted its holdings in shares of York Water by 6.2% in the first quarter. State Street Corp now owns 344,865 shares of the utilities provider’s stock valued at $15,480,000 after acquiring an additional 20,041 shares during the period. Geode Capital Management LLC boosted its holdings in shares of York Water by 3.6% in the first quarter. Geode Capital Management LLC now owns 274,314 shares of the utilities provider’s stock valued at $12,262,000 after acquiring an additional 9,561 shares during the period. Finally, Morgan Stanley lifted its holdings in shares of York Water by 108.4% during the fourth quarter. Morgan Stanley now owns 243,765 shares of the utilities provider’s stock worth $10,965,000 after purchasing an additional 126,806 shares during the period. 48.36% of the stock is currently owned by hedge funds and other institutional investors.

York Water Trading Down 1.3 %

Shares of YORW stock opened at $36.77 on Friday. The York Water Company has a fifty-two week low of $35.24 and a fifty-two week high of $47.23. The stock has a market cap of $526.55 million, a P/E ratio of 23.13 and a beta of 0.60. The business has a fifty day simple moving average of $37.91 and a 200-day simple moving average of $40.71. The company has a quick ratio of 0.56, a current ratio of 0.84 and a debt-to-equity ratio of 0.77.

York Water Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were paid a dividend of $0.2027 per share. This represents a $0.81 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend was Thursday, September 28th. York Water’s payout ratio is currently 50.94%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on YORW. StockNews.com began coverage on York Water in a report on Thursday, October 5th. They set a “hold” rating for the company. TheStreet cut York Water from a “b-” rating to a “c+” rating in a research report on Thursday, October 5th.

About York Water

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