The York Water Company (NASDAQ:YORW) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its holdings in shares of The York Water Company (NASDAQ:YORW) by 19.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,534 shares of the utilities provider’s stock after selling 2,267 shares during the quarter. Teacher Retirement System of Texas owned about 0.07% of York Water worth $331,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Crowley Wealth Management Inc. boosted its position in York Water by 100.0% during the first quarter. Crowley Wealth Management Inc. now owns 1,000 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 500 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in York Water during the fourth quarter worth about $41,000. Aquatic Capital Management LLC boosted its position in York Water by 67.0% during the fourth quarter. Aquatic Capital Management LLC now owns 2,701 shares of the utilities provider’s stock worth $88,000 after acquiring an additional 1,084 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in York Water during the fourth quarter worth about $211,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in York Water during the fourth quarter worth about $297,000. 49.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of York Water from a “hold” rating to a “sell” rating in a research note on Saturday, July 5th.

York Water Price Performance

Shares of YORW stock opened at $31.18 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.90 and a quick ratio of 0.71. The firm’s 50-day moving average is $32.23 and its two-hundred day moving average is $32.86. The York Water Company has a 12 month low of $29.86 and a 12 month high of $41.96. The company has a market capitalization of $448.99 million, a PE ratio of 22.76 and a beta of 0.70.

York Water (NASDAQ:YORW) last issued its earnings results on Tuesday, May 6th. The utilities provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.08). York Water had a return on equity of 8.56% and a net margin of 25.91%. The firm had revenue of $18.46 million for the quarter, compared to analysts’ expectations of $19.00 million. Analysts predict that The York Water Company will post 1.43 earnings per share for the current year.

York Water Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $0.2192 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date was Monday, June 30th. York Water’s dividend payout ratio (DPR) is 64.23%.

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.