GAMMA Investing LLC Acquires 9,186 Shares of The York Water Company (NASDAQ:YORW)

GAMMA Investing LLC increased its holdings in shares of The York Water Company (NASDAQ:YORW) by 12,413.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,260 shares of the utilities provider’s stock after purchasing an additional 9,186 shares during the quarter. GAMMA Investing LLC owned approximately 0.06% of York Water worth $321,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in YORW. ProShare Advisors LLC lifted its stake in York Water by 21.6% in the 4th 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. Zimmer Partners LP increased its holdings in shares of York Water by 5.2% in the fourth quarter. Zimmer Partners LP now owns 746,943 shares of the utilities provider’s stock worth $24,440,000 after purchasing an additional 37,076 shares during the last quarter. Bank of New York Mellon Corp lifted its position 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 buying an additional 19,238 shares in the last quarter. Capstone Investment Advisors LLC purchased a new stake in shares of York Water in the fourth quarter worth about $548,000. Finally, State of New Jersey Common Pension Fund D boosted its stake in York Water by 26.2% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 78,026 shares of the utilities provider’s stock valued at $2,553,000 after buying an additional 16,209 shares during the last quarter. Institutional investors own 49.86% of the company’s stock.

York Water Trading Down 1.1%

YORW stock opened at $31.72 on Friday. The firm has a fifty day moving average price of $33.41 and a 200 day moving average price of $33.14. The York Water Company has a fifty-two week low of $29.86 and a fifty-two week high of $41.96. The firm has a market cap of $456.77 million, a PE ratio of 23.15 and a beta of 0.72. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.71 and a current ratio of 0.90.

York Water (NASDAQ:YORW) last released 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). York Water had a net margin of 25.91% and a return on equity of 8.56%. The business had revenue of $18.46 million for the quarter, compared to the consensus estimate of $19.00 million. Sell-side analysts anticipate that The York Water Company will post 1.43 earnings per share for the current fiscal year.

York Water Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $0.2192 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.88 annualized dividend and a yield of 2.76%. York Water’s dividend payout ratio is currently 64.23%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised York Water from a “sell” rating to a “hold” rating in a research note on Friday, June 6th.

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.