Harbor Investment Advisory LLC cut its position in The York Water Company (NASDAQ:YORW - Free Report) by 59.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,537 shares of the utilities provider's stock after selling 21,463 shares during the quarter. Harbor Investment Advisory LLC owned approximately 0.10% of York Water worth $476,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp boosted its holdings in York Water by 9.4% during the third quarter. State Street Corp now owns 473,568 shares of the utilities provider's stock valued at $17,835,000 after acquiring an additional 40,746 shares during the period. Barclays PLC lifted its position in shares of York Water by 297.0% during the 3rd quarter. Barclays PLC now owns 22,371 shares of the utilities provider's stock worth $838,000 after purchasing an additional 16,736 shares during the last quarter. Johnson & White Wealth Management LLC bought a new stake in York Water during the 4th quarter valued at approximately $828,000. Charles Schwab Investment Management Inc. grew its holdings in York Water by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 116,666 shares of the utilities provider's stock valued at $4,370,000 after buying an additional 2,828 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in York Water by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 343,279 shares of the utilities provider's stock worth $12,862,000 after buying an additional 3,082 shares during the period. 49.86% of the stock is currently owned by institutional investors and hedge funds.
YORW opened at $31.46 on Wednesday. The business has a 50 day moving average of $33.74 and a 200-day moving average of $36.58. The stock has a market capitalization of $452.08 million, a price-to-earnings ratio of 21.26 and a beta of 0.64. The company has a current ratio of 0.88, a quick ratio of 0.68 and a debt-to-equity ratio of 0.87. The York Water Company has a 1-year low of $30.02 and a 1-year high of $41.96.
York Water (NASDAQ:YORW - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The utilities provider reported $0.41 earnings per share for the quarter, meeting analysts' consensus estimates of $0.41. York Water had a net margin of 28.57% and a return on equity of 9.44%. The firm had revenue of $19.72 million during the quarter, compared to the consensus estimate of $19.00 million. As a group, sell-side analysts anticipate that The York Water Company will post 1.43 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.2192 per share. This represents a $0.88 annualized dividend and a yield of 2.79%. This is a positive change from York Water's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Tuesday, December 31st. York Water's payout ratio is currently 59.46%.
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.
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