Invesco Ltd. Acquires 22,866 Shares of 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. boosted its stake in shares of The York Water Company (NASDAQ:YORW - Free Report) by 36.8% in the 1st quarter, according to its most recent filing 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 0.59% of York Water worth $2,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Hsbc Holdings PLC purchased a new position in shares of York Water during the fourth quarter valued at approximately $349,000. GAMMA Investing LLC grew its position 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 valued at $321,000 after buying an additional 9,186 shares during the period. Squarepoint Ops LLC purchased a new stake in shares of York Water during the fourth quarter worth about $509,000. Two Sigma Investments LP raised its holdings in York Water by 22.4% in the 4th quarter. Two Sigma Investments LP now owns 46,984 shares of the utilities provider's stock valued at $1,537,000 after acquiring an additional 8,596 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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 worth $1,018,000 after buying an additional 7,576 shares during the last quarter. 49.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

York Water Stock Up 0.1%

Shares of NASDAQ YORW traded up $0.03 during midday trading on Wednesday, reaching $30.38. 106,248 shares of the company's stock were exchanged, compared to its average volume of 80,798. The York Water Company has a 52-week low of $29.86 and a 52-week high of $39.79. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.80 and a current ratio of 1.00. The stock has a market capitalization of $438.01 million, a PE ratio of 22.17 and a beta of 0.74. The business's fifty day moving average price is $31.26 and its two-hundred day moving average price is $32.77.

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

York Water Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.2192 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.88 annualized dividend and a dividend yield of 2.9%. York Water's payout ratio is presently 64.23%.

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.