JPMorgan Chase & Co. Buys 14,957 Shares of The York Water Company (NASDAQ:YORW)

JPMorgan Chase & Co. increased its holdings in shares of The York Water Company (NASDAQ:YORW - Free Report) by 49.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,325 shares of the utilities provider's stock after purchasing an additional 14,957 shares during the period. JPMorgan Chase & Co. owned 0.32% of York Water worth $1,483,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position in shares of York Water by 0.9% in the third quarter. Geode Capital Management LLC now owns 343,279 shares of the utilities provider's stock worth $12,862,000 after buying an additional 3,082 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of York Water by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 117,405 shares of the utilities provider's stock worth $3,841,000 after purchasing an additional 739 shares during the last quarter. Bank of New York Mellon Corp raised its position 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 valued at $3,837,000 after acquiring an additional 19,238 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of York Water by 26.2% during the fourth 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, Rhumbline Advisers lifted its holdings in York Water by 6.4% in the fourth quarter. Rhumbline Advisers now owns 25,755 shares of the utilities provider's stock worth $843,000 after acquiring an additional 1,560 shares during the last quarter. 49.86% of the stock is currently owned by institutional investors and hedge funds.

York Water Stock Performance

York Water stock traded down $0.45 during midday trading on Thursday, reaching $34.76. 6,854 shares of the stock traded hands, compared to its average volume of 56,509. 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 York Water Company has a fifty-two week low of $29.86 and a fifty-two week high of $41.96. The firm has a fifty day moving average price of $34.26 and a two-hundred day moving average price of $34.05. The firm has a market cap of $500.09 million, a price-to-earnings ratio of 23.48 and a beta of 0.65.

York Water (NASDAQ:YORW - Get Free Report) last issued its quarterly earnings results on Tuesday, March 4th. The utilities provider reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.01). The business had revenue of $18.87 million during 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%. On average, equities research analysts forecast that The York Water Company will post 1.43 earnings per share for the current year.

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.