The York Water Company (NASDAQ:YORW) Shares Acquired by Two Sigma Investments LP

Two Sigma Investments LP lifted its position in shares of The York Water Company (NASDAQ:YORW) by 22.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,984 shares of the utilities provider’s stock after purchasing an additional 8,596 shares during the period. Two Sigma Investments LP owned about 0.33% of York Water worth $1,537,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. ProShare Advisors LLC increased its position in shares of York Water by 21.6% during the fourth quarter. ProShare Advisors LLC now owns 226,339 shares of the utilities provider’s stock worth $7,406,000 after purchasing an additional 40,199 shares in the last quarter. Northern Trust Corp increased its position in shares of York Water by 3.7% during the fourth quarter. Northern Trust Corp now owns 150,485 shares of the utilities provider’s stock worth $4,924,000 after purchasing an additional 5,344 shares in the last quarter. Penn Capital Management Company LLC increased its position in shares of York Water by 5.3% during the fourth quarter. Penn Capital Management Company LLC now owns 145,132 shares of the utilities provider’s stock worth $4,749,000 after purchasing an additional 7,333 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of York Water by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 117,405 shares of the utilities provider’s stock worth $3,841,000 after purchasing an additional 739 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of York Water by 19.6% during 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 purchasing an additional 19,238 shares in the last quarter. Institutional investors and hedge funds own 49.86% of the company’s stock.

York Water Stock Down 0.2%

YORW opened at $32.39 on Wednesday. The business has a 50 day moving average price of $33.92 and a two-hundred day moving average price of $33.45. 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 company has a market cap of $466.42 million, a PE ratio of 21.89 and a beta of 0.78. 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 posted its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.08). The company had revenue of $18.46 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%. As a group, research analysts anticipate that The York Water Company will post 1.43 EPS for the current year.

York Water Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.2192 per share. This represents a $0.88 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Monday, June 30th. York Water’s dividend payout ratio is presently 63.50%.

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.