Principal Financial Group Inc. Takes $1.34 Million Position in The York Water Company $YORW

Principal Financial Group Inc. acquired a new position in The York Water Company (NASDAQ:YORW) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 43,982 shares of the utilities provider’s stock, valued at approximately $1,338,000. Principal Financial Group Inc. owned about 0.30% of York Water at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Gitterman Wealth Management LLC lifted its position in York Water by 120.5% during the third quarter. Gitterman Wealth Management LLC now owns 8,437 shares of the utilities provider’s stock valued at $257,000 after purchasing an additional 4,611 shares during the last quarter. Ballentine Partners LLC raised its position in shares of York Water by 72.5% during the 3rd quarter. Ballentine Partners LLC now owns 12,524 shares of the utilities provider’s stock valued at $381,000 after buying an additional 5,263 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of York Water during the 3rd quarter worth $223,000. Versant Capital Management Inc grew its position in York Water by 290.7% in the third quarter. Versant Capital Management Inc now owns 922 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 686 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in York Water in the third quarter worth $391,000. 49.86% of the stock is owned by hedge funds and other institutional investors.

York Water Stock Down 0.4%

YORW opened at $33.34 on Wednesday. The York Water Company has a 12 month low of $29.68 and a 12 month high of $36.48. The company has a current ratio of 1.15, a quick ratio of 0.95 and a debt-to-equity ratio of 0.95. The business’s 50-day moving average price is $32.92 and its 200-day moving average price is $31.87. The company has a market cap of $481.43 million, a P/E ratio of 23.99 and a beta of 0.72.

York Water Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, February 27th will be paid a dividend of $0.228 per share. This represents a $0.91 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, February 27th. York Water’s dividend payout ratio is 65.47%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on YORW shares. Weiss Ratings restated a “hold (c)” rating on shares of York Water in a research report on Monday, December 29th. Wall Street Zen cut York Water from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

York Water Company Profile

York Water Company (NASDAQ: YORW) is an investor-owned regulated water utility headquartered in York, Pennsylvania. Founded in 1816, it is the oldest publicly traded water utility in the United States. The company’s principal operations involve the collection, treatment and distribution of potable water to residential, commercial and industrial customers under rate schedules approved by the Pennsylvania Public Utility Commission.

York Water Company’s service territory covers portions of south-central Pennsylvania, including York County and neighboring Adams and Franklin counties.