LPL Financial LLC Sells 921 Shares of The York Water Company (NASDAQ:YORW)

LPL Financial LLC reduced its holdings in The York Water Company (NASDAQ:YORW) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 38,232 shares of the utilities provider’s stock after selling 921 shares during the quarter. LPL Financial LLC owned about 0.27% of York Water worth $1,251,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in YORW. FMR LLC grew its holdings in York Water by 79.9% in the 3rd quarter. FMR LLC now owns 7,271 shares of the utilities provider’s stock valued at $272,000 after buying an additional 3,229 shares during the last quarter. State Street Corp grew its stake in shares of York Water by 9.4% in the third quarter. State Street Corp now owns 473,568 shares of the utilities provider’s stock worth $17,835,000 after acquiring an additional 40,746 shares during the last quarter. Barclays PLC increased its position in York Water by 297.0% during the third quarter. Barclays PLC now owns 22,371 shares of the utilities provider’s stock worth $838,000 after acquiring an additional 16,736 shares during the period. Geode Capital Management LLC raised its stake in York Water by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 343,279 shares of the utilities provider’s stock valued at $12,862,000 after purchasing an additional 3,082 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in York Water by 78.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,368 shares of the utilities provider’s stock valued at $1,138,000 after purchasing an additional 13,339 shares during the period. 49.86% of the stock is currently owned by institutional investors.

York Water Stock Performance

NASDAQ YORW opened at $35.62 on Friday. The company’s fifty day moving average is $33.88 and its two-hundred day moving average is $34.09. The firm has a market capitalization of $512.54 million, a price-to-earnings ratio of 24.07 and a beta of 0.65. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.88 and a quick ratio of 0.68. The York Water Company has a 52-week low of $29.86 and a 52-week high of $41.96.

York Water (NASDAQ:YORW) last issued its quarterly earnings results on Tuesday, March 4th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). York Water had a net margin of 28.57% and a return on equity of 9.44%. The firm had revenue of $18.87 million for the quarter, compared to the consensus estimate of $19.00 million. Equities research analysts forecast that The York Water Company will post 1.43 EPS for the current year.

York Water Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, February 28th were given a $0.2192 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.88 annualized dividend and a yield of 2.46%. York Water’s dividend payout ratio (DPR) is currently 61.27%.

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.