14,396 Shares in The York Water Company (NASDAQ:YORW) Acquired by Merit Financial Group LLC

Merit Financial Group LLC acquired a new stake in The York Water Company (NASDAQ:YORW - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 14,396 shares of the utilities provider's stock, valued at approximately $499,000. Merit Financial Group LLC owned 0.10% of York Water at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in YORW. New Age Alpha Advisors LLC acquired a new position in York Water in the fourth quarter valued at $41,000. Aquatic Capital Management LLC lifted its position in shares of York Water by 67.0% during the 4th quarter. Aquatic Capital Management LLC now owns 2,701 shares of the utilities provider's stock valued at $88,000 after acquiring an additional 1,084 shares during the period. AlphaQuest LLC purchased a new stake in York Water during the fourth quarter worth $160,000. KLP Kapitalforvaltning AS acquired a new position in shares of York Water during the 4th quarter worth approximately $211,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in York Water in the 4th quarter valued at about $297,000. Hedge funds and other institutional investors own 49.86% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of York Water from a "sell" rating to a "hold" rating in a research report on Friday, June 6th.

York Water Stock Performance

NASDAQ YORW traded up $0.03 on Thursday, hitting $32.67. The stock had a trading volume of 48,857 shares, compared to its average volume of 59,557. The company's 50-day moving average is $33.59 and its two-hundred day moving average is $33.30. The company has a quick ratio of 0.68, a current ratio of 0.88 and a debt-to-equity ratio of 0.87. The stock has a market cap of $470.45 million, a price-to-earnings ratio of 22.07 and a beta of 0.72. The York Water Company has a one year low of $29.86 and a one year high of $41.96.

York Water (NASDAQ:YORW - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.08). York Water had a net margin of 28.57% and a return on equity of 9.44%. The firm had revenue of $18.46 million for the quarter, compared to analyst estimates of $19.00 million. On average, analysts expect that The York Water Company will post 1.43 earnings per share for the current year.

York Water Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.2192 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.88 annualized dividend and a dividend yield of 2.68%. York Water's payout ratio is 63.50%.

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.