The York Water Company (NASDAQ:YORW) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its position in The York Water Company (NASDAQ:YORW - Free Report) by 22.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 107,026 shares of the utilities provider's stock after buying an additional 19,827 shares during the period. Russell Investments Group Ltd. owned approximately 0.75% of York Water worth $4,133,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in shares of York Water in the 4th quarter worth approximately $143,000. Kestra Advisory Services LLC acquired a new stake in York Water in the 3rd quarter worth approximately $250,000. Teacher Retirement System of Texas boosted its stake in York Water by 30.3% in the 3rd quarter. Teacher Retirement System of Texas now owns 14,001 shares of the utilities provider's stock worth $525,000 after purchasing an additional 3,259 shares in the last quarter. Swiss National Bank boosted its stake in York Water by 1.9% in the 3rd quarter. Swiss National Bank now owns 31,400 shares of the utilities provider's stock worth $1,177,000 after purchasing an additional 600 shares in the last quarter. Finally, Brandywine Global Investment Management LLC boosted its stake in York Water by 1.9% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 49,500 shares of the utilities provider's stock worth $1,856,000 after purchasing an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 49.86% of the company's stock.

York Water Stock Performance

YORW stock traded up $0.11 during trading on Friday, reaching $38.45. The company had a trading volume of 43,746 shares, compared to its average volume of 52,393. The firm has a 50-day simple moving average of $35.56 and a 200-day simple moving average of $36.63. The company has a market cap of $551.76 million, a price-to-earnings ratio of 22.62 and a beta of 0.60. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.69 and a current ratio of 0.98. The York Water Company has a twelve month low of $33.32 and a twelve month high of $45.61.

York Water (NASDAQ:YORW - Get Free Report) last released its earnings results on Tuesday, March 5th. The utilities provider reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.06. The company had revenue of $18.10 million during the quarter, compared to analysts' expectations of $17.00 million. York Water had a net margin of 33.35% and a return on equity of 11.18%. As a group, sell-side analysts expect that The York Water Company will post 1.61 earnings per share for the current year.

York Water Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.2108 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Friday, June 28th. York Water's dividend payout ratio (DPR) is presently 49.41%.

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.