Geode Capital Management LLC Cuts Position in The York Water Company (NASDAQ:YORW)

Geode Capital Management LLC reduced its stake in shares of The York Water Company (NASDAQ:YORW) by 1.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 338,004 shares of the utilities provider’s stock after selling 5,275 shares during the period. Geode Capital Management LLC owned approximately 2.35% of York Water worth $11,062,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. New Age Alpha Advisors LLC purchased a new stake in York Water during the fourth quarter worth about $41,000. JPMorgan Chase & Co. boosted its stake in shares of York Water by 49.3% during the 4th quarter. JPMorgan Chase & Co. now owns 45,325 shares of the utilities provider’s stock worth $1,483,000 after acquiring an additional 14,957 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of York Water in the 4th quarter worth approximately $211,000. Teacher Retirement System of Texas purchased a new position in York Water in the 4th quarter valued at approximately $386,000. Finally, AlphaQuest LLC acquired a new position in York Water during the fourth quarter worth $160,000. 49.86% of the stock is owned by institutional investors and hedge funds.

York Water Stock Up 1.7 %

York Water stock opened at $36.28 on Wednesday. The firm has a market capitalization of $522.03 million, a price-to-earnings ratio of 24.51 and a beta of 0.65. 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 York Water Company has a fifty-two week low of $29.86 and a fifty-two week high of $41.96. The stock’s fifty day moving average is $34.02 and its two-hundred day moving average is $34.07.

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

York Water Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, February 28th were paid a $0.2192 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend was Friday, February 28th. York Water’s payout ratio is currently 61.27%.

York Water 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.