Zimmer Partners LP Has $24.44 Million Position in The York Water Company (NASDAQ:YORW)

Zimmer Partners LP raised its stake in shares of The York Water Company (NASDAQ:YORW - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 746,943 shares of the utilities provider's stock after purchasing an additional 37,076 shares during the period. Zimmer Partners LP owned 5.20% of York Water worth $24,440,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Squarepoint Ops LLC acquired a new position in York Water during the fourth quarter valued at approximately $509,000. Two Sigma Investments LP grew its holdings in York Water by 22.4% during the fourth quarter. Two Sigma Investments LP now owns 46,984 shares of the utilities provider's stock valued at $1,537,000 after purchasing an additional 8,596 shares during the last quarter. Two Sigma Advisers LP grew its holdings in York Water by 18.0% during the fourth quarter. Two Sigma Advisers LP now owns 62,300 shares of the utilities provider's stock valued at $2,038,000 after purchasing an additional 9,500 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of York Water by 21.6% in the fourth quarter. ProShare Advisors LLC now owns 226,339 shares of the utilities provider's stock valued at $7,406,000 after acquiring an additional 40,199 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of York Water by 7.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,539 shares of the utilities provider's stock valued at $345,000 after acquiring an additional 742 shares during the period. Institutional investors and hedge funds own 49.86% of the company's stock.

York Water Stock Up 1.7%

YORW opened at $33.46 on Tuesday. 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. The stock has a market capitalization of $481.82 million, a price-to-earnings ratio of 22.61 and a beta of 0.78. The business has a 50 day moving average of $34.21 and a 200-day moving average of $33.72.

York Water (NASDAQ:YORW - Get Free Report) last posted its quarterly earnings data 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). 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 during the quarter, compared to the consensus estimate of $19.00 million. As a group, sell-side analysts anticipate 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. Stockholders of record on Monday, June 30th will be given a $0.2192 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.88 annualized dividend and a dividend yield of 2.62%. York Water's dividend payout ratio is 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.

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