Invesco Ltd. Has $2.95 Million Stock Position in The York Water Company $YORW

Invesco Ltd. grew its holdings in shares of The York Water Company (NASDAQ:YORW) by 36.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 85,086 shares of the utilities provider’s stock after acquiring an additional 22,866 shares during the period. Invesco Ltd. owned about 0.59% of York Water worth $2,951,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of York Water by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 870,459 shares of the utilities provider’s stock valued at $30,188,000 after buying an additional 20,385 shares during the last quarter. Zimmer Partners LP lifted its stake 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 acquiring an additional 37,076 shares during the period. ProShare Advisors LLC boosted its holdings in York Water by 21.6% in the fourth quarter. ProShare Advisors LLC now owns 226,339 shares of the utilities provider’s stock valued at $7,406,000 after acquiring an additional 40,199 shares during the last quarter. Northern Trust Corp boosted its holdings in York Water by 3.7% in the fourth quarter. Northern Trust Corp now owns 150,485 shares of the utilities provider’s stock valued at $4,924,000 after acquiring an additional 5,344 shares during the last quarter. Finally, Two Sigma Advisers LP increased its position in York Water by 18.0% during the 4th quarter. Two Sigma Advisers LP now owns 62,300 shares of the utilities provider’s stock valued at $2,038,000 after purchasing an additional 9,500 shares during the period. 49.86% of the stock is owned by institutional investors and hedge funds.

York Water Price Performance

Shares of NASDAQ YORW opened at $31.07 on Friday. The firm has a market capitalization of $448.06 million, a P/E ratio of 22.68 and a beta of 0.71. The firm’s 50-day moving average price is $31.34 and its 200-day moving average price is $32.79. The company has a current ratio of 1.00, a quick ratio of 0.80 and a debt-to-equity ratio of 0.93. The York Water Company has a 1-year low of $29.86 and a 1-year high of $39.79.

York Water (NASDAQ:YORW) last announced its quarterly earnings results on Tuesday, August 12th. The utilities provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. The business had revenue of $19.20 million for the quarter, compared to analysts’ expectations of $19.00 million. York Water had a net margin of 25.83% and a return on equity of 8.50%. Equities research 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 disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.2192 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.88 annualized dividend and a yield of 2.8%. York Water’s dividend payout ratio (DPR) is 63.50%.

Analyst Upgrades and Downgrades

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

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.