10,666 Shares in The York Water Company (NASDAQ:YORW) Bought by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new position in shares of The York Water Company (NASDAQ:YORW - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 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 institutional investors have also modified their holdings of the company. Johnson & White Wealth Management LLC bought a new stake in shares of York Water in the fourth quarter valued at about $828,000. Bank of New York Mellon Corp lifted its position in 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 buying an additional 19,238 shares in the last quarter. Barclays PLC raised 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 purchasing an additional 16,736 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake 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 in the last quarter. Finally, JPMorgan Chase & Co. raised its position in York Water by 49.3% during the fourth quarter. JPMorgan Chase & Co. now owns 45,325 shares of the utilities provider's stock worth $1,483,000 after acquiring an additional 14,957 shares in the last quarter. Institutional investors own 49.86% of the company's stock.

York Water Stock Performance

NASDAQ YORW traded down $0.69 on Monday, hitting $32.10. 84,171 shares of the stock were exchanged, compared to its average volume of 57,225. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.88 and a quick ratio of 0.68. The business's fifty day moving average is $34.40 and its 200 day moving average is $33.85. The company has a market capitalization of $462.24 million, a PE ratio of 21.69 and a beta of 0.78. The York Water Company has a 52 week low of $29.86 and a 52 week high of $41.96.

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

York Water Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.2192 per share. The ex-dividend date is Monday, June 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.73%. York Water's dividend payout ratio (DPR) is currently 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.