7,261 Shares in The York Water Company $YORW Purchased by Ballentine Partners LLC

Ballentine Partners LLC bought a new position in shares of The York Water Company (NASDAQ:YORW) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,261 shares of the utilities provider’s stock, valued at approximately $229,000. Ballentine Partners LLC owned 0.05% of York Water at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in YORW. Crowley Wealth Management Inc. lifted 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 buying an additional 500 shares during the period. Signaturefd LLC raised its holdings in shares of York Water by 349.3% in the 1st quarter. Signaturefd LLC now owns 3,608 shares of the utilities provider’s stock worth $125,000 after purchasing an additional 2,805 shares during the period. EntryPoint Capital LLC purchased a new position in shares of York Water in the 1st quarter worth about $239,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of York Water in the 1st quarter worth about $263,000. Finally, GAMMA Investing LLC raised its holdings in shares of York Water by 12,413.5% in the 1st quarter. GAMMA Investing LLC now owns 9,260 shares of the utilities provider’s stock worth $321,000 after purchasing an additional 9,186 shares during the period. 49.86% of the stock is currently owned by hedge funds and other institutional investors.

York Water Stock Down 1.1%

Shares of NASDAQ:YORW opened at $30.42 on Tuesday. The York Water Company has a 52-week low of $29.86 and a 52-week high of $38.50. The company has a 50 day moving average of $30.81 and a two-hundred day moving average of $32.37. The company has a quick ratio of 0.80, a current ratio of 1.00 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $438.69 million, a price-to-earnings ratio of 22.20 and a beta of 0.74.

York Water (NASDAQ:YORW) last issued its quarterly earnings data on Tuesday, August 12th. The utilities provider reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. York Water had a return on equity of 8.50% and a net margin of 25.83%.The firm had revenue of $19.20 million during the quarter, compared to analyst estimates of $19.00 million. As a group, analysts forecast 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 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. This represents a $0.88 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Tuesday, September 30th. York Water’s dividend payout ratio (DPR) is 63.50%.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded York Water from a “sell” rating to a “hold” rating in a report on Saturday, September 13th.

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.