Zimmer Partners LP Increases Stock Holdings in The York Water Company (NASDAQ:YORW)

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

A number of other hedge funds and other institutional investors have also modified their holdings of YORW. JPMorgan Chase & Co. increased its stake in shares of York Water by 78.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,368 shares of the utilities provider's stock worth $1,138,000 after acquiring an additional 13,339 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of York Water by 17.9% during the 4th quarter. SG Americas Securities LLC now owns 6,605 shares of the utilities provider's stock worth $216,000 after purchasing an additional 1,005 shares during the period. Rhumbline Advisers grew its holdings in shares of York Water by 6.4% during the 4th quarter. Rhumbline Advisers now owns 25,755 shares of the utilities provider's stock worth $843,000 after purchasing an additional 1,560 shares during the period. State of New Jersey Common Pension Fund D grew its holdings in shares of York Water by 26.2% during 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 purchasing an additional 16,209 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of York Water by 19.6% during 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 purchasing an additional 19,238 shares during the period. 49.86% of the stock is owned by institutional investors and hedge funds.

York Water Trading Up 0.5%

Shares of NASDAQ YORW traded up $0.16 during mid-day trading on Friday, reaching $32.63. 44,402 shares of the company's stock were exchanged, compared to its average volume of 58,180. The firm has a market capitalization of $469.87 million, a price-to-earnings ratio of 22.05 and a beta of 0.78. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.68 and a current ratio of 0.88. The York Water Company has a 52-week low of $29.86 and a 52-week high of $41.96. The company's 50-day moving average is $34.07 and its 200-day moving average is $33.64.

York Water (NASDAQ:YORW - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.08). The business had revenue of $18.46 million for the quarter, compared to analysts' expectations of $19.00 million. York Water had a return on equity of 9.44% and a net margin of 28.57%. Analysts expect that The York Water Company will post 1.43 EPS for the current fiscal year.

York Water Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.2192 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Monday, June 30th. York Water's dividend payout ratio (DPR) is 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.