SG Americas Securities LLC Makes New $143,000 Investment in The York Water Company (NASDAQ:YORW)

SG Americas Securities LLC acquired a new position in shares of The York Water Company (NASDAQ:YORW) during the 4th quarter, Holdings Channel reports. The firm acquired 3,712 shares of the utilities provider’s stock, valued at approximately $143,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in York Water by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 815,410 shares of the utilities provider’s stock worth $30,570,000 after purchasing an additional 11,828 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of York Water by 17.8% in the 3rd quarter. Deutsche Bank AG now owns 9,246 shares of the utilities provider’s stock valued at $347,000 after acquiring an additional 1,395 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of York Water by 11.8% in the 3rd quarter. Royal Bank of Canada now owns 16,100 shares of the utilities provider’s stock valued at $604,000 after acquiring an additional 1,697 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of York Water by 15.5% in the 3rd quarter. Legal & General Group Plc now owns 119,112 shares of the utilities provider’s stock valued at $4,466,000 after acquiring an additional 16,010 shares during the last quarter. Finally, Mariner LLC increased its holdings in shares of York Water by 6.4% in the 3rd quarter. Mariner LLC now owns 7,914 shares of the utilities provider’s stock valued at $297,000 after acquiring an additional 473 shares during the last quarter. 49.86% of the stock is currently owned by hedge funds and other institutional investors.

York Water Price Performance

Shares of NASDAQ YORW opened at $33.33 on Wednesday. The York Water Company has a twelve month low of $33.32 and a twelve month high of $45.61. The company has a current ratio of 0.86, a quick ratio of 0.69 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $477.62 million, a price-to-earnings ratio of 20.08 and a beta of 0.60. The business has a 50 day simple moving average of $35.56 and a 200-day simple moving average of $36.72.

York Water (NASDAQ:YORW) last issued its quarterly earnings results on Tuesday, March 5th. The utilities provider reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. The business had revenue of $18.10 million during the quarter, compared to the consensus estimate of $17.00 million. York Water had a return on equity of 11.05% and a net margin of 33.45%. As a group, equities research analysts expect that The York Water Company will post 1.61 earnings per share for the current year.

York Water Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, February 29th were paid a dividend of $0.2108 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 2.53%. York Water’s payout ratio is currently 50.60%.

York Water Company Profile

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.