ProShare Advisors LLC increased its position in shares of The York Water Company (NASDAQ:YORW - Free Report) by 21.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 226,339 shares of the utilities provider's stock after acquiring an additional 40,199 shares during the period. ProShare Advisors LLC owned approximately 1.57% of York Water worth $7,406,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the company. Martingale Asset Management L P grew its holdings in York Water by 3.0% during the fourth quarter. Martingale Asset Management L P now owns 22,785 shares of the utilities provider's stock worth $746,000 after acquiring an additional 670 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in York Water by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 117,405 shares of the utilities provider's stock worth $3,841,000 after acquiring an additional 739 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in York Water by 7.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,539 shares of the utilities provider's stock worth $345,000 after acquiring an additional 742 shares during the period. Wells Fargo & Company MN boosted its position in shares of York Water by 6.4% in the 4th quarter. Wells Fargo & Company MN now owns 16,404 shares of the utilities provider's stock valued at $537,000 after purchasing an additional 992 shares during the period. Finally, SG Americas Securities LLC boosted its position in shares of York Water by 17.9% in the 4th quarter. SG Americas Securities LLC now owns 6,605 shares of the utilities provider's stock valued at $216,000 after purchasing an additional 1,005 shares during the period. 49.86% of the stock is owned by institutional investors and hedge funds.
York Water Trading Up 0.5%
Shares of NASDAQ:YORW traded up $0.16 during midday trading on Friday, reaching $32.63. The company had a trading volume of 44,402 shares, compared to its average volume of 58,180. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.68 and a current ratio of 0.88. The York Water Company has a 1-year low of $29.86 and a 1-year high of $41.96. The firm has a market cap of $469.87 million, a price-to-earnings ratio of 22.05 and a beta of 0.78. The company has a fifty day simple moving average of $34.07 and a two-hundred day simple moving average of $33.64.
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 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 company had revenue of $18.46 million during the quarter, compared to analyst estimates of $19.00 million. Research analysts predict that The York Water Company will post 1.43 earnings per share for the current year.
York Water Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given 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 2.69%. York Water's dividend payout ratio (DPR) is 63.50%.
York Water Company Profile
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Free Report)
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.
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