14,412 Shares in The York Water Company (NASDAQ:YORW) Purchased by RKL Wealth Management LLC

RKL Wealth Management LLC acquired a new stake in The York Water Company (NASDAQ:YORW - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 14,412 shares of the utilities provider's stock, valued at approximately $500,000. RKL Wealth Management LLC owned about 0.10% of York Water at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ProShare Advisors LLC increased its position in York Water by 21.6% during the fourth quarter. ProShare Advisors LLC now owns 226,339 shares of the utilities provider's stock worth $7,406,000 after buying an additional 40,199 shares during the last quarter. Zimmer Partners LP boosted its stake in shares of York Water by 5.2% during the 4th quarter. Zimmer Partners LP now owns 746,943 shares of the utilities provider's stock worth $24,440,000 after acquiring an additional 37,076 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of York Water by 19.6% during 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 during the last quarter. Capstone Investment Advisors LLC acquired a new position in shares of York Water during the 4th quarter worth approximately $548,000. Finally, Squarepoint Ops LLC bought a new stake in York Water in the 4th quarter valued at $509,000. 49.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

York Water Stock Performance

Shares of York Water stock traded up $0.13 on Friday, hitting $32.25. The stock had a trading volume of 35,139 shares, compared to its average volume of 59,370. The York Water Company has a twelve month low of $29.86 and a twelve month high of $41.96. The company has a quick ratio of 0.71, a current ratio of 0.90 and a debt-to-equity ratio of 0.91. The stock has a market cap of $464.33 million, a price-to-earnings ratio of 23.54 and a beta of 0.70. The business's 50 day moving average is $32.75 and its two-hundred day moving average is $32.96.

York Water (NASDAQ:YORW - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.08). The company had revenue of $18.46 million during the quarter, compared to analyst estimates of $19.00 million. York Water had a net margin of 25.91% and a return on equity of 8.56%. Analysts forecast that The York Water Company will post 1.43 EPS for the current year.

York Water Dividend Announcement

The company 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 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 yield of 2.72%. York Water's payout ratio is 64.23%.

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.