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

Squarepoint Ops LLC acquired a new stake in shares of The York Water Company (NASDAQ:YORW - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 15,548 shares of the utilities provider's stock, valued at approximately $509,000. Squarepoint Ops LLC owned about 0.11% of York Water at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC raised its stake in York Water by 17.9% in the 4th quarter. SG Americas Securities LLC now owns 6,605 shares of the utilities provider's stock worth $216,000 after acquiring an additional 1,005 shares during the last quarter. Rhumbline Advisers raised its stake in York Water by 6.4% in the 4th quarter. Rhumbline Advisers now owns 25,755 shares of the utilities provider's stock worth $843,000 after acquiring an additional 1,560 shares during the last quarter. State of New Jersey Common Pension Fund D raised its stake in York Water by 26.2% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 78,026 shares of the utilities provider's stock worth $2,553,000 after acquiring an additional 16,209 shares during the last quarter. Bank of New York Mellon Corp raised 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 during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in York Water in the 4th quarter worth $434,000. Hedge funds and other institutional investors own 49.86% of the company's stock.

Analysts Set New Price Targets

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

York Water Stock Performance

YORW traded up $0.10 during midday trading on Friday, hitting $31.89. 71,490 shares of the company were exchanged, compared to its average volume of 59,369. The company's 50 day simple moving average is $33.75 and its 200 day simple moving average is $33.37. The firm has a market capitalization of $459.22 million, a price-to-earnings ratio of 21.55 and a beta of 0.72. The company has a current ratio of 0.88, a quick ratio of 0.68 and a debt-to-equity ratio of 0.87. The York Water Company has a 1-year low of $29.86 and a 1-year high of $41.96.

York Water (NASDAQ:YORW - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.08). The company had revenue of $18.46 million for the quarter, compared to analyst estimates of $19.00 million. York Water had a return on equity of 9.44% and a net margin of 28.57%. As a group, sell-side analysts predict that The York Water Company will post 1.43 earnings per share for the current 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 given a dividend of $0.2192 per share. This represents a $0.88 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Monday, June 30th. York Water's dividend payout ratio is currently 63.50%.

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.