The York Water Company (NASDAQ:YORW) Shares Sold by Swiss National Bank

Swiss National Bank decreased its position in shares of The York Water Company (NASDAQ:YORWFree Report) by 10.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,200 shares of the utilities provider’s stock after selling 3,200 shares during the period. Swiss National Bank owned 0.20% of York Water worth $1,089,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its position in York Water by 22.7% in the fourth quarter. Russell Investments Group Ltd. now owns 107,026 shares of the utilities provider’s stock worth $4,133,000 after acquiring an additional 19,827 shares in the last quarter. SG Americas Securities LLC bought a new stake in York Water in the fourth quarter worth about $143,000. Vanguard Group Inc. raised its position in York Water by 1.5% in the third quarter. Vanguard Group Inc. now owns 815,410 shares of the utilities provider’s stock worth $30,570,000 after acquiring an additional 11,828 shares in the last quarter. Brandywine Global Investment Management LLC raised its position in York Water by 1.9% in the third quarter. Brandywine Global Investment Management LLC now owns 49,500 shares of the utilities provider’s stock worth $1,856,000 after acquiring an additional 900 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in York Water in the third quarter worth about $250,000. 49.86% of the stock is owned by institutional investors.

York Water Price Performance

Shares of York Water stock opened at $35.63 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.80 and a debt-to-equity ratio of 0.85. The company’s 50-day moving average price is $36.07 and its two-hundred day moving average price is $36.72. The York Water Company has a 52 week low of $33.32 and a 52 week high of $45.61. The stock has a market cap of $511.29 million, a PE ratio of 20.96 and a beta of 0.60.

York Water (NASDAQ:YORWGet Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. The firm had revenue of $17.63 million for the quarter, compared to analysts’ expectations of $17.00 million. York Water had a net margin of 33.35% and a return on equity of 11.18%. As a group, sell-side analysts anticipate that The York Water Company will post 1.61 EPS for the current fiscal year.

York Water Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.2108 per share. The ex-dividend date is Friday, June 28th. This represents a $0.84 annualized dividend and a yield of 2.37%. York Water’s payout ratio is presently 49.41%.

York Water Profile

(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.

Further Reading

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

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