Millennium Management LLC Has $250,000 Holdings in The York Water Company (NASDAQ:YORW)

Millennium Management LLC trimmed its holdings in shares of The York Water Company (NASDAQ:YORW - Free Report) by 61.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,635 shares of the utilities provider's stock after selling 12,352 shares during the period. Millennium Management LLC owned about 0.05% of York Water worth $250,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of YORW. Northern Trust Corp grew its stake in shares of York Water by 3.7% during the 4th quarter. Northern Trust Corp now owns 150,485 shares of the utilities provider's stock valued at $4,924,000 after buying an additional 5,344 shares during the period. Penn Capital Management Company LLC lifted its holdings in York Water by 5.3% in the 4th quarter. Penn Capital Management Company LLC now owns 145,132 shares of the utilities provider's stock worth $4,749,000 after buying an additional 7,333 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in York Water by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 117,405 shares of the utilities provider's stock worth $3,841,000 after buying an additional 739 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in York Water by 19.6% in the 4th quarter. Bank of New York Mellon Corp now owns 117,264 shares of the utilities provider's stock worth $3,837,000 after buying an additional 19,238 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its stake in shares of York Water by 26.2% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 78,026 shares of the utilities provider's stock valued at $2,553,000 after purchasing an additional 16,209 shares in the last quarter. 49.86% of the stock is owned by hedge funds and other institutional investors.

York Water Price Performance

Shares of York Water stock traded down $0.39 on Friday, hitting $32.28. The company had a trading volume of 53,365 shares, compared to its average volume of 59,710. The business has a 50-day simple moving average of $33.57 and a 200-day simple moving average of $33.25. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.88 and a quick ratio of 0.68. The company has a market cap of $464.83 million, a PE ratio of 21.81 and a beta of 0.72. The York Water Company has a 52 week low of $29.86 and a 52 week high of $41.96.

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

York Water Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.2192 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.88 dividend on an annualized basis and a yield of 2.72%. York Water's payout ratio is presently 63.50%.

Wall Street Analyst Weigh In

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

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.