The York Water Company (NASDAQ:YORW) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its holdings in shares of The York Water Company (NASDAQ:YORW) by 42.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,406 shares of the utilities provider’s stock after selling 37,449 shares during the period. Russell Investments Group Ltd. owned approximately 0.36% of York Water worth $1,682,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of YORW. Charles Schwab Investment Management Inc. increased its stake in York Water by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 117,405 shares of the utilities provider’s stock valued at $3,841,000 after buying an additional 739 shares during the period. Fulton Bank N.A. boosted its holdings in shares of York Water by 4.7% in the fourth quarter. Fulton Bank N.A. now owns 16,600 shares of the utilities provider’s stock valued at $543,000 after acquiring an additional 750 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of York Water by 6.4% during the fourth quarter. Wells Fargo & Company MN now owns 16,404 shares of the utilities provider’s stock valued at $537,000 after acquiring an additional 992 shares during the period. SG Americas Securities LLC raised its holdings in York Water by 17.9% during the fourth quarter. SG Americas Securities LLC now owns 6,605 shares of the utilities provider’s stock worth $216,000 after purchasing an additional 1,005 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in York Water in the fourth quarter worth approximately $41,000. 49.86% of the stock is currently owned by institutional investors.

York Water Stock Up 0.5 %

Shares of YORW stock opened at $35.62 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.68 and a current ratio of 0.88. The stock has a market cap of $512.54 million, a PE ratio of 24.07 and a beta of 0.65. The business’s fifty day moving average is $33.88 and its 200-day moving average is $34.07. The York Water Company has a 1 year low of $29.86 and a 1 year high of $41.96.

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

York Water Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, February 28th were issued a dividend of $0.2192 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend was Friday, February 28th. York Water’s payout ratio is 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.