Hsbc Holdings PLC Acquires New Position in The York Water Company (NASDAQ:YORW)

Hsbc Holdings PLC acquired a new position in shares of The York Water Company (NASDAQ:YORW - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,666 shares of the utilities provider's stock, valued at approximately $349,000. Hsbc Holdings PLC owned approximately 0.07% of York Water at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC boosted its stake in shares of York Water by 297.0% during the 3rd quarter. Barclays PLC now owns 22,371 shares of the utilities provider's stock worth $838,000 after buying an additional 16,736 shares during the last quarter. JPMorgan Chase & Co. raised its stake in York Water by 78.3% during the third quarter. JPMorgan Chase & Co. now owns 30,368 shares of the utilities provider's stock worth $1,138,000 after buying an additional 13,339 shares during the last quarter. Fulton Bank N.A. increased its holdings in shares of York Water by 4.7% during the fourth quarter. Fulton Bank N.A. now owns 16,600 shares of the utilities provider's stock valued at $543,000 after acquiring an additional 750 shares in the last quarter. Johnson & White Wealth Management LLC purchased a new position in York Water during the fourth quarter worth about $828,000. Finally, SG Americas Securities LLC boosted its stake in York Water by 17.9% in the fourth quarter. SG Americas Securities LLC now owns 6,605 shares of the utilities provider's stock valued at $216,000 after acquiring an additional 1,005 shares during the last quarter. 49.86% of the stock is owned by institutional investors and hedge funds.

York Water Stock Performance

Shares of YORW stock traded down $0.90 during trading on Wednesday, reaching $31.38. 37,753 shares of the company's stock traded hands, compared to its average volume of 57,380. The firm's 50-day moving average is $34.35 and its 200 day moving average is $33.81. The company has a market capitalization of $451.87 million, a P/E ratio of 21.20 and a beta of 0.78. 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 announced its quarterly 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 company 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%. Equities research analysts expect that The York Water Company will post 1.43 EPS for the current year.

York Water Announces Dividend

The company 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. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend is Monday, June 30th. York Water's payout ratio is currently 63.50%.

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.