Squarepoint Ops LLC Acquires New Position in The York Water Company (NASDAQ:YORW)

Squarepoint Ops LLC purchased a new stake in shares of The York Water Company (NASDAQ:YORW - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 15,548 shares of the utilities provider's stock, valued at approximately $509,000. Squarepoint Ops LLC owned approximately 0.11% of York Water as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. New Age Alpha Advisors LLC bought a new stake in shares of York Water in the 4th quarter valued at approximately $41,000. Aquatic Capital Management LLC raised its holdings in York Water by 67.0% during the 4th quarter. Aquatic Capital Management LLC now owns 2,701 shares of the utilities provider's stock valued at $88,000 after buying an additional 1,084 shares during the period. AlphaQuest LLC bought a new stake in York Water in the fourth quarter worth $160,000. KLP Kapitalforvaltning AS bought a new stake in York Water in the fourth quarter worth $211,000. Finally, SG Americas Securities LLC boosted its stake in York Water by 17.9% during the fourth quarter. SG Americas Securities LLC now owns 6,605 shares of the utilities provider's stock worth $216,000 after buying an additional 1,005 shares during the period. Institutional investors own 49.86% of the company's stock.

Analyst Upgrades and Downgrades

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

York Water Trading Up 0.3%

NASDAQ:YORW traded up $0.10 during mid-day trading on Friday, hitting $31.89. 71,490 shares of the stock traded hands, compared to its average volume of 59,369. The company has a quick ratio of 0.68, a current ratio of 0.88 and a debt-to-equity ratio of 0.87. The York Water Company has a 52 week low of $29.86 and a 52 week high of $41.96. The stock has a market capitalization of $459.22 million, a price-to-earnings ratio of 21.55 and a beta of 0.72. The firm's 50 day moving average is $33.75 and its two-hundred day moving average is $33.36.

York Water (NASDAQ:YORW - Get Free Report) last announced its earnings results on Tuesday, May 6th. The utilities provider reported $0.25 earnings per share (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 predict that The York Water Company will post 1.43 earnings per share for the current year.

York Water Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.2192 dividend. This represents a $0.88 annualized dividend and a yield of 2.75%. The ex-dividend date is Monday, June 30th. York Water's dividend payout ratio (DPR) is presently 63.50%.

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.