The York Water Company $YORW Stock Holdings Increased by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has increased its stake in The York Water Company by 2.4%, owning approximately 870,459 shares valued at about $30.19 million.
• Multiple hedge funds have also adjusted their positions in York Water, including a striking 12,413.5% increase by GAMMA Investing LLC during the 1st quarter.
• York Water has received a downgrade from "hold" to "sell" according to a report from Wall Street Zen, despite reporting better-than-expected quarterly earnings.

Vanguard Group Inc. increased its holdings in shares of The York Water Company (NASDAQ:YORW - Free Report) by 2.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 870,459 shares of the utilities provider's stock after acquiring an additional 20,385 shares during the period. Vanguard Group Inc. owned approximately 6.05% of York Water worth $30,188,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Crowley Wealth Management Inc. grew its holdings in York Water by 100.0% in the first quarter. Crowley Wealth Management Inc. now owns 1,000 shares of the utilities provider's stock valued at $35,000 after purchasing an additional 500 shares during the last quarter. Aquatic Capital Management LLC grew its holdings in York Water by 67.0% in the fourth quarter. Aquatic Capital Management LLC now owns 2,701 shares of the utilities provider's stock valued at $88,000 after purchasing an additional 1,084 shares during the last quarter. Signaturefd LLC grew its holdings in York Water by 349.3% in the first quarter. Signaturefd LLC now owns 3,608 shares of the utilities provider's stock valued at $125,000 after purchasing an additional 2,805 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in York Water in the fourth quarter valued at $297,000. Finally, GAMMA Investing LLC grew its holdings in York Water by 12,413.5% in the first quarter. GAMMA Investing LLC now owns 9,260 shares of the utilities provider's stock valued at $321,000 after purchasing an additional 9,186 shares during the last quarter. Institutional investors and hedge funds own 49.86% of the company's stock.

York Water Trading Down 2.3%

NASDAQ YORW traded down $0.72 during trading hours on Tuesday, hitting $30.35. 94,416 shares of the company's stock were exchanged, compared to its average volume of 115,120. The business's 50 day moving average is $31.26 and its 200-day moving average is $32.77. The York Water Company has a 12-month low of $29.86 and a 12-month high of $39.79. The firm has a market capitalization of $437.65 million, a P/E ratio of 22.15 and a beta of 0.74. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.80 and a current ratio of 1.00.

York Water (NASDAQ:YORW - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The utilities provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. York Water had a return on equity of 8.50% and a net margin of 25.83%.The company had revenue of $19.20 million during the quarter, compared to analyst estimates of $19.00 million. As a group, analysts anticipate that The York Water Company will post 1.43 EPS for the current fiscal year.

York Water Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.2192 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Tuesday, September 30th. York Water's dividend payout ratio (DPR) is 64.23%.

Analyst Ratings Changes

Separately, Wall Street Zen lowered York Water from a "hold" rating to a "sell" rating in a report on Saturday, July 5th.

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.