Wells Fargo & Company MN Acquires 992 Shares of The York Water Company (NASDAQ:YORW)

Wells Fargo & Company MN increased its holdings in shares of The York Water Company (NASDAQ:YORW) by 6.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 16,404 shares of the utilities provider’s stock after acquiring an additional 992 shares during the period. Wells Fargo & Company MN owned about 0.11% of York Water worth $537,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in YORW. Charles Schwab Investment Management Inc. lifted its stake in York Water by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 117,405 shares of the utilities provider’s stock worth $3,841,000 after acquiring an additional 739 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of York Water by 19.6% during the 4th quarter. Bank of New York Mellon Corp now owns 117,264 shares of the utilities provider’s stock valued at $3,837,000 after purchasing an additional 19,238 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of York Water by 26.2% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 78,026 shares of the utilities provider’s stock worth $2,553,000 after purchasing an additional 16,209 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of York Water by 49.3% during the fourth 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 during the last quarter. Finally, Rhumbline Advisers raised its position in shares of York Water by 6.4% in the 4th quarter. Rhumbline Advisers now owns 25,755 shares of the utilities provider’s stock valued at $843,000 after purchasing an additional 1,560 shares during the last quarter. 49.86% of the stock is owned by hedge funds and other institutional investors.

York Water Stock Up 0.4 %

YORW stock opened at $35.10 on Friday. The stock has a market capitalization of $505.05 million, a PE ratio of 23.72 and a beta of 0.65. The company has a quick ratio of 0.68, a current ratio of 0.88 and a debt-to-equity ratio of 0.87. The York Water Company has a 52 week low of $29.86 and a 52 week high of $41.96. The firm has a 50 day moving average of $34.33 and a 200 day moving average of $34.00.

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

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.