Invesco Ltd. Has $2.95 Million Holdings in The York Water Company $YORW

Key Points

• Invesco Ltd. increased its stake in The York Water Company by 36.8%, owning 85,086 shares valued at $2.95 million as of its latest SEC filing.
• The York Water Company reported quarterly earnings of $0.35 per share, surpassing the expected $0.33, with a revenue of $19.20 million.
• A quarterly dividend of $0.2192 per share is set to be paid on October 15th, offering an annual yield of 2.8%.

Invesco Ltd. lifted its stake in shares of The York Water Company (NASDAQ:YORW - Free Report) by 36.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 85,086 shares of the utilities provider's stock after acquiring an additional 22,866 shares during the quarter. Invesco Ltd. owned about 0.59% of York Water worth $2,951,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Crowley Wealth Management Inc. increased its stake in shares of York Water by 100.0% during the first quarter. Crowley Wealth Management Inc. now owns 1,000 shares of the utilities provider's stock valued at $35,000 after acquiring an additional 500 shares during the period. Aquatic Capital Management LLC boosted its holdings in York Water by 67.0% during the fourth quarter. Aquatic Capital Management LLC now owns 2,701 shares of the utilities provider's stock worth $88,000 after buying an additional 1,084 shares in the last quarter. Signaturefd LLC boosted its holdings in York Water by 349.3% during the first quarter. Signaturefd LLC now owns 3,608 shares of the utilities provider's stock worth $125,000 after buying an additional 2,805 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in York Water during the fourth quarter worth approximately $297,000. Finally, 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 in the last quarter. Institutional investors and hedge funds own 49.86% of the company's stock.

York Water Trading Up 1.1%

York Water stock traded up $0.32 during midday trading on Thursday, reaching $30.74. The stock had a trading volume of 68,862 shares, compared to its average volume of 118,418. The firm's fifty day simple moving average is $31.21 and its two-hundred day simple moving average is $32.74. The York Water Company has a twelve month low of $29.86 and a twelve month high of $39.79. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.00 and a quick ratio of 0.80. The firm has a market cap of $443.27 million, a price-to-earnings ratio of 22.44 and a beta of 0.74.

York Water (NASDAQ:YORW - Get Free Report) last issued its earnings results on Tuesday, August 12th. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.02. The company had revenue of $19.20 million during the quarter, compared to analyst estimates of $19.00 million. York Water had a net margin of 25.83% and a return on equity of 8.50%. Equities analysts anticipate that The York Water Company will post 1.43 EPS for the current fiscal year.

York Water Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.9%. York Water's dividend payout ratio (DPR) is 64.23%.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of York Water from a "hold" rating to a "sell" rating in a report on Saturday, July 5th.

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.