Assenagon Asset Management S.A. bought a new stake in The York Water Company (NASDAQ:YORW - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 47,418 shares of the utilities provider's stock, valued at approximately $1,720,000. Assenagon Asset Management S.A. owned approximately 0.33% of York Water as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. TFO Wealth Partners LLC lifted its stake in York Water by 17,525.0% in the 4th quarter. TFO Wealth Partners LLC now owns 705 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 701 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of York Water by 42.9% during the 4th quarter. Quadrant Capital Group LLC now owns 2,299 shares of the utilities provider's stock valued at $89,000 after acquiring an additional 690 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of York Water by 632.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,606 shares of the utilities provider's stock valued at $101,000 after acquiring an additional 2,250 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in York Water during the 4th quarter worth $101,000. Finally, SG Americas Securities LLC acquired a new position in York Water in the 4th quarter worth about $143,000. Institutional investors own 49.86% of the company's stock.
York Water Trading Down 0.9 %
Shares of YORW stock traded down $0.34 during mid-day trading on Monday, reaching $38.04. 37,634 shares of the stock traded hands, compared to its average volume of 58,046. The company has a market cap of $545.87 million, a price-to-earnings ratio of 22.38 and a beta of 0.60. The company has a quick ratio of 0.80, a current ratio of 0.98 and a debt-to-equity ratio of 0.85. The stock's fifty day simple moving average is $35.91 and its two-hundred day simple moving average is $36.74. The York Water Company has a 1-year low of $33.32 and a 1-year high of $45.61.
York Water (NASDAQ:YORW - Get Free Report) last posted its earnings results on Tuesday, March 5th. The utilities provider reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.06. The firm had revenue of $18.10 million for the quarter, compared to analyst estimates of $17.00 million. York Water had a net margin of 33.35% and a return on equity of 11.18%. On average, research analysts anticipate that The York Water Company will post 1.61 EPS for the current fiscal 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 given a dividend of $0.2108 per share. This represents a $0.84 annualized dividend and a yield of 2.22%. The ex-dividend date is Friday, June 28th. York Water's dividend payout ratio is currently 49.41%.
About York Water
(
Free Report)
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.
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