Jones Financial Companies Lllp Takes Position in The York Water Company (NASDAQ:YORW)

Jones Financial Companies Lllp purchased a new stake in shares of The York Water Company (NASDAQ:YORWFree Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 2,625 shares of the utilities provider’s stock, valued at approximately $101,000.

Other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. lifted its holdings in York Water by 22.7% in the 4th quarter. Russell Investments Group Ltd. now owns 107,026 shares of the utilities provider’s stock worth $4,133,000 after purchasing an additional 19,827 shares during the last quarter. Swiss National Bank lifted its holdings in York Water by 1.9% in the 3rd quarter. Swiss National Bank now owns 31,400 shares of the utilities provider’s stock worth $1,177,000 after purchasing an additional 600 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in York Water by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 109,510 shares of the utilities provider’s stock worth $4,106,000 after purchasing an additional 2,826 shares during the last quarter. Vanguard Group Inc. increased its position in York Water by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 815,410 shares of the utilities provider’s stock worth $30,570,000 after buying an additional 11,828 shares during the period. Finally, Brandywine Global Investment Management LLC increased its position in York Water by 1.9% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 49,500 shares of the utilities provider’s stock worth $1,856,000 after buying an additional 900 shares during the period. 49.86% of the stock is currently owned by institutional investors and hedge funds.

York Water Stock Performance

Shares of NASDAQ YORW opened at $36.99 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.98 and a debt-to-equity ratio of 0.85. The business’s 50 day moving average is $36.18 and its two-hundred day moving average is $36.67. The company has a market cap of $530.81 million, a P/E ratio of 21.76 and a beta of 0.63. The York Water Company has a 12 month low of $33.32 and a 12 month high of $45.61.

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 company had revenue of $17.63 million for the quarter, compared to the consensus estimate of $17.00 million. York Water had a return on equity of 11.18% and a net margin of 33.35%. On average, equities analysts expect that The York Water Company will post 1.61 EPS for the current year.

York Water Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.2108 dividend. This represents a $0.84 annualized dividend and a yield of 2.28%. The ex-dividend date is Friday, June 28th. York Water’s dividend payout ratio is currently 49.41%.

York Water Company 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.

See Also

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

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