The York Water Company (NASDAQ:YORW) Shares Sold by Millennium Management LLC

Millennium Management LLC trimmed its holdings in The York Water Company (NASDAQ:YORW - Free Report) by 61.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in YORW. Northern Trust Corp grew its holdings in shares of York Water by 3.7% in the fourth quarter. Northern Trust Corp now owns 150,485 shares of the utilities provider's stock valued at $4,924,000 after purchasing an additional 5,344 shares in the last quarter. Penn Capital Management Company LLC boosted its holdings in York Water by 5.3% during the 4th quarter. Penn Capital Management Company LLC now owns 145,132 shares of the utilities provider's stock valued at $4,749,000 after acquiring an additional 7,333 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of York Water by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 117,405 shares of the utilities provider's stock worth $3,841,000 after purchasing an additional 739 shares during the last quarter. Bank of New York Mellon Corp grew its stake 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 acquiring an additional 19,238 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its holdings in shares of York Water by 26.2% in the fourth 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 during the period. Hedge funds and other institutional investors own 49.86% of the company's stock.

York Water Stock Up 0.1%

YORW stock traded up $0.03 during trading on Thursday, reaching $32.67. 48,857 shares of the company traded hands, compared to its average volume of 59,557. The company has a market capitalization of $470.45 million, a price-to-earnings ratio of 22.07 and a beta of 0.72. The business has a 50 day simple moving average of $33.61 and a 200 day simple moving average of $33.32. The York Water Company has a 12 month low of $29.86 and a 12 month high of $41.96. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.68 and a current ratio of 0.88.

York Water (NASDAQ:YORW - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.08). York Water had a net margin of 28.57% and a return on equity of 9.44%. The business had revenue of $18.46 million for the quarter, compared to analysts' expectations of $19.00 million. On average, equities 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.2192 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.68%. York Water's dividend payout ratio is currently 63.50%.

Wall Street Analyst Weigh In

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

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.