Deutsche Bank AG Has $334,000 Position in The York Water Company (NASDAQ:YORW)

Deutsche Bank AG increased its position in The York Water Company (NASDAQ:YORW) by 13.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,210 shares of the utilities provider’s stock after buying an additional 1,208 shares during the period. Deutsche Bank AG owned 0.07% of York Water worth $334,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in YORW. SG Americas Securities LLC grew 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 valued at $216,000 after purchasing an additional 1,005 shares during the last quarter. Rhumbline Advisers grew its stake in shares of York Water by 6.4% in the fourth quarter. Rhumbline Advisers now owns 25,755 shares of the utilities provider’s stock worth $843,000 after acquiring an additional 1,560 shares during the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of York Water by 26.2% in the fourth 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 acquiring an additional 16,209 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of York Water by 19.6% in the fourth quarter. Bank of New York Mellon Corp now owns 117,264 shares of the utilities provider’s stock worth $3,837,000 after acquiring an additional 19,238 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of York Water in the fourth quarter worth $434,000. Institutional investors and hedge funds own 49.86% of the company’s stock.

York Water Trading Up 0.6%

Shares of York Water stock opened at $32.71 on Friday. The company’s fifty day simple moving average is $33.97 and its 200-day simple moving average is $33.49. The company has a market cap of $471.02 million, a price-to-earnings ratio of 22.10 and a beta of 0.78. The company has a current ratio of 0.88, a quick ratio of 0.68 and a debt-to-equity ratio of 0.87. 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 data on Tuesday, May 6th. The utilities provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.08). York Water had a net margin of 28.57% and a return on equity of 9.44%. The company had revenue of $18.46 million for the quarter, compared to the consensus estimate of $19.00 million. As a group, sell-side analysts expect that The York Water Company will post 1.43 EPS for the current year.

York Water Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.2192 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.88 annualized dividend and a dividend yield of 2.68%. York Water’s payout ratio is currently 63.50%.

About York Water

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.