KLP Kapitalforvaltning AS Lowers Stock Position in The York Water Company $YORW

KLP Kapitalforvaltning AS reduced its stake in The York Water Company (NASDAQ:YORW) by 15.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,400 shares of the utilities provider’s stock after selling 1,000 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in York Water were worth $172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Signaturefd LLC raised its stake in York Water by 349.3% in the first quarter. Signaturefd LLC now owns 3,608 shares of the utilities provider’s stock valued at $125,000 after purchasing an additional 2,805 shares in the last quarter. Ballentine Partners LLC purchased a new stake in York Water in the second quarter valued at approximately $229,000. EntryPoint Capital LLC purchased a new stake in York Water in the first quarter valued at approximately $239,000. Dynamic Technology Lab Private Ltd bought a new position in York Water during the first quarter valued at approximately $263,000. Finally, Inspire Investing LLC bought a new position in York Water during the first quarter valued at approximately $343,000. 49.86% of the stock is owned by hedge funds and other institutional investors.

York Water Stock Up 4.3%

Shares of NASDAQ YORW opened at $32.46 on Tuesday. 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 York Water Company has a 52 week low of $29.68 and a 52 week high of $38.50. The firm’s fifty day moving average is $30.81 and its 200 day moving average is $32.01. The company has a market cap of $468.11 million, a price-to-earnings ratio of 23.69 and a beta of 0.72.

York Water (NASDAQ:YORW) last issued its earnings results on Tuesday, August 12th. The utilities provider reported $0.35 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $19.00 million. On average, equities research analysts expect that The York Water Company will post 1.43 earnings per share for the current year.

York Water Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a $0.2192 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, September 30th. York Water’s payout ratio is presently 63.50%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on YORW. Wall Street Zen cut shares of York Water from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of York Water in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat, York Water presently has an average rating of “Hold”.

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.