Collective Family Office LLC Decreases Stake in The York Water Company (NASDAQ:YORW)

Collective Family Office LLC lessened its position in shares of The York Water Company (NASDAQ:YORW) by 5.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,493 shares of the utilities provider’s stock after selling 629 shares during the period. Collective Family Office LLC owned about 0.07% of York Water worth $343,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of YORW. State Street Corp increased its stake in York Water by 9.4% in the third quarter. State Street Corp now owns 473,568 shares of the utilities provider’s stock valued at $17,835,000 after purchasing an additional 40,746 shares during the last quarter. Barclays PLC boosted its holdings in shares of York Water by 297.0% in the 3rd quarter. Barclays PLC now owns 22,371 shares of the utilities provider’s stock valued at $838,000 after buying an additional 16,736 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of York Water by 78.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,368 shares of the utilities provider’s stock valued at $1,138,000 after buying an additional 13,339 shares in the last quarter. Orrstown Financial Services Inc. purchased a new position in shares of York Water in the 3rd quarter valued at $445,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in York Water during the 2nd quarter worth $339,000. 49.86% of the stock is owned by hedge funds and other institutional investors.

York Water Stock Performance

Shares of NASDAQ YORW traded down $0.38 during trading hours on Wednesday, reaching $30.90. The stock had a trading volume of 12,447 shares, compared to its average volume of 51,695. 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 firm has a market cap of $444.16 million, a price-to-earnings ratio of 20.88 and a beta of 0.64. The firm has a 50-day moving average of $34.81 and a 200-day moving average of $37.00. The York Water Company has a fifty-two week low of $30.76 and a fifty-two week high of $41.96.

York Water Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.2192 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.88 dividend on an annualized basis and a yield of 2.84%. This is an increase from York Water’s previous quarterly dividend of $0.21. York Water’s payout ratio is currently 58.78%.

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.