Two Sigma Investments LP Purchases 8,596 Shares of The York Water Company (NASDAQ:YORW)

Two Sigma Investments LP increased its stake in shares of The York Water Company (NASDAQ:YORW - Free Report) by 22.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 46,984 shares of the utilities provider's stock after purchasing an additional 8,596 shares during the period. Two Sigma Investments LP owned 0.33% of York Water worth $1,537,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of YORW. New Age Alpha Advisors LLC purchased a new stake in shares of York Water in the 4th quarter valued at about $41,000. Aquatic Capital Management LLC lifted its holdings in York Water by 67.0% in the 4th quarter. Aquatic Capital Management LLC now owns 2,701 shares of the utilities provider's stock worth $88,000 after buying an additional 1,084 shares during the period. AlphaQuest LLC purchased a new stake in York Water in the 4th quarter worth approximately $160,000. KLP Kapitalforvaltning AS purchased a new stake in York Water in the 4th quarter worth approximately $211,000. Finally, SG Americas Securities LLC lifted its holdings 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 buying an additional 1,005 shares during the period. Hedge funds and other institutional investors own 49.86% of the company's stock.

York Water Stock Up 0.3%

NASDAQ:YORW traded up $0.10 during trading hours on Friday, reaching $31.89. 71,490 shares of the company traded hands, compared to its average volume of 59,269. The business's 50-day moving average price is $33.75 and its two-hundred day moving average price is $33.39. The stock has a market capitalization of $459.22 million, a P/E ratio of 21.55 and a beta of 0.72. The York Water Company has a 1 year low of $29.86 and a 1 year high of $41.96. The company has a current ratio of 0.88, a quick ratio of 0.68 and a debt-to-equity ratio of 0.87.

York Water (NASDAQ:YORW - Get Free Report) last posted its 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 business had revenue of $18.46 million during the quarter, compared to the consensus estimate of $19.00 million. York Water had a return on equity of 9.44% and a net margin of 28.57%. Analysts predict that The York Water Company will post 1.43 earnings per share for the current year.

York Water Dividend Announcement

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

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.

About York Water

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.