Inspire Investing LLC Purchases Shares of 9,898 The York Water Company $YORW

Inspire Investing LLC purchased a new stake in shares of The York Water Company (NASDAQ:YORW) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,898 shares of the utilities provider’s stock, valued at approximately $343,000. Inspire Investing LLC owned about 0.07% of York Water at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of YORW. Northern Trust Corp boosted its position in York Water by 3.7% during 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. Deutsche Bank AG boosted its position in York Water by 13.4% during the fourth quarter. Deutsche Bank AG now owns 10,210 shares of the utilities provider’s stock valued at $334,000 after acquiring an additional 1,208 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in York Water by 7.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,539 shares of the utilities provider’s stock valued at $345,000 after acquiring an additional 742 shares during the last quarter. Two Sigma Advisers LP boosted its position in York Water by 18.0% during the fourth quarter. Two Sigma Advisers LP now owns 62,300 shares of the utilities provider’s stock valued at $2,038,000 after acquiring an additional 9,500 shares during the last quarter. Finally, Two Sigma Investments LP boosted its position in York Water by 22.4% during the fourth quarter. Two Sigma Investments LP now owns 46,984 shares of the utilities provider’s stock valued at $1,537,000 after acquiring an additional 8,596 shares during the last quarter. Institutional investors own 49.86% of the company’s stock.

York Water Trading Down 0.9%

YORW opened at $30.13 on Wednesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.00 and a quick ratio of 0.80. The York Water Company has a fifty-two week low of $29.86 and a fifty-two week high of $39.79. The firm has a market capitalization of $434.47 million, a PE ratio of 21.99 and a beta of 0.74. The company’s 50-day moving average is $30.98 and its 200 day moving average is $32.60.

York Water (NASDAQ:YORW) last posted its earnings results on Tuesday, August 12th. The utilities provider reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. York Water had a net margin of 25.83% and a return on equity of 8.50%. The company had revenue of $19.20 million for the quarter, compared to analyst estimates of $19.00 million. As a group, research analysts predict that The York Water Company will post 1.43 earnings per share for the current fiscal year.

York Water Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a $0.2192 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, September 30th. York Water’s dividend payout ratio is currently 64.23%.

Analyst Ratings Changes

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

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.