Nuveen LLC Makes New Investment in The York Water Company $YORW

Key Points

• Nuveen LLC acquired 67,729 shares of The York Water Company, valued at approximately $2,349,000, representing about 0.47% of the company's stock.
• York Water reported a quarterly earnings of $0.35 per share, beating the consensus estimate by $0.02, with revenues of $19.20 million for the quarter.
• The company will pay a quarterly dividend of $0.2192 on October 15th, with a current yield of 2.8% and a payout ratio of 63.50%.

Nuveen LLC bought a new stake in shares of The York Water Company (NASDAQ:YORW - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 67,729 shares of the utilities provider's stock, valued at approximately $2,349,000. Nuveen LLC owned 0.47% of York Water at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of YORW. Invesco Ltd. lifted its position in York Water by 36.8% in the first quarter. Invesco Ltd. now owns 85,086 shares of the utilities provider's stock valued at $2,951,000 after purchasing an additional 22,866 shares during the last quarter. CenterBook Partners LP increased its stake in shares of York Water by 172.3% in the first quarter. CenterBook Partners LP now owns 58,365 shares of the utilities provider's stock worth $2,024,000 after buying an additional 36,932 shares during the period. Vanguard Group Inc. raised its holdings in York Water by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 870,459 shares of the utilities provider's stock valued at $30,188,000 after buying an additional 20,385 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in York Water by 2.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 19,120 shares of the utilities provider's stock valued at $663,000 after buying an additional 539 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its position in York Water by 109.2% during the 1st quarter. GSA Capital Partners LLP now owns 26,141 shares of the utilities provider's stock valued at $907,000 after buying an additional 13,648 shares during the period. 49.86% of the stock is owned by hedge funds and other institutional investors.

York Water Stock Up 1.1%

YORW stock traded up $0.32 on Thursday, reaching $30.74. 68,862 shares of the company traded hands, compared to its average volume of 118,418. 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 fifty day simple moving average of $31.21 and a 200-day simple moving average of $32.74. The York Water Company has a one year low of $29.86 and a one year high of $39.79. The company has a market cap of $443.27 million, a P/E ratio of 22.44 and a beta of 0.74.

York Water (NASDAQ:YORW - Get Free Report) last issued its quarterly 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 during 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%. Research analysts anticipate that The York Water Company will post 1.43 earnings per share for the current year.

York Water Announces Dividend

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 paid a dividend of $0.2192 per share. This represents a $0.88 annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, September 30th. York Water's dividend payout ratio (DPR) is currently 64.23%.

Wall Street Analyst Weigh In

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

York Water 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.