Inspire Investing LLC Takes $343,000 Position in The York Water Company $YORW

Key Points

• Inspire Investing LLC has acquired a new stake in The York Water Company, purchasing 9,898 shares valued at approximately $343,000, representing about 0.07% of the company's stock.
• The York Water Company reported earnings of $0.35 per share for the last quarter, exceeding analysts' expectations, and announced a quarterly dividend of $0.2192 per share, yielding 2.9% annually.
• The company's stock has seen institutional ownership rise to 49.86%, indicating strong interest from institutional investors.

Inspire Investing LLC bought a new position in shares of The York Water Company (NASDAQ:YORW - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 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.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in York Water by 12,413.5% during the first quarter. GAMMA Investing LLC now owns 9,260 shares of the utilities provider's stock worth $321,000 after buying an additional 9,186 shares during the last quarter. Invesco Ltd. boosted its holdings in York Water by 36.8% during the first quarter. Invesco Ltd. now owns 85,086 shares of the utilities provider's stock worth $2,951,000 after buying an additional 22,866 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of York Water during the 4th quarter valued at about $509,000. Nuveen LLC bought a new position in shares of York Water during the 1st quarter valued at about $2,349,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of York Water by 32.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 31,120 shares of the utilities provider's stock valued at $1,018,000 after purchasing an additional 7,576 shares in the last quarter. Institutional investors own 49.86% of the company's stock.

York Water Stock Up 0.1%

Shares of NASDAQ:YORW traded up $0.04 during trading on Friday, hitting $30.68. 428,824 shares of the company were exchanged, compared to its average volume of 108,391. The company has a current ratio of 1.00, a quick ratio of 0.80 and a debt-to-equity ratio of 0.93. The stock has a market cap of $442.41 million, a price-to-earnings ratio of 22.39 and a beta of 0.74. The York Water Company has a fifty-two week low of $29.86 and a fifty-two week high of $38.83. The firm has a fifty day moving average price of $30.89 and a two-hundred day moving average price of $32.55.

York Water (NASDAQ:YORW - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The utilities provider reported $0.35 EPS 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 for the quarter, compared to analyst estimates of $19.00 million. As a group, research analysts anticipate that The York Water Company will post 1.43 earnings per share for the current fiscal year.

York Water Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders 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 yield of 2.9%. The ex-dividend date of this dividend is Tuesday, September 30th. York Water's dividend payout ratio is currently 64.23%.

Analyst Ratings Changes

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

York Water 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.