Johnson & White Wealth Management LLC Invests $828,000 in The York Water Company (NASDAQ:YORW)

Johnson & White Wealth Management LLC purchased a new position in The York Water Company (NASDAQ:YORW) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,498 shares of the utilities provider’s stock, valued at approximately $828,000. Johnson & White Wealth Management LLC owned approximately 0.18% of York Water at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of YORW. State Street Corp boosted its stake in shares of 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 period. Barclays PLC grew its stake in shares of York Water by 297.0% in the third quarter. Barclays PLC now owns 22,371 shares of the utilities provider’s stock worth $838,000 after acquiring an additional 16,736 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of York Water by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 116,666 shares of the utilities provider’s stock valued at $4,370,000 after acquiring an additional 2,828 shares in the last quarter. Geode Capital Management LLC increased its holdings in York Water by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 343,279 shares of the utilities provider’s stock worth $12,862,000 after purchasing an additional 3,082 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in York Water in the 2nd quarter valued at about $339,000. Institutional investors and hedge funds own 49.86% of the company’s stock.

York Water Stock Down 0.4 %

YORW stock opened at $30.39 on Tuesday. The company’s 50 day moving average is $34.45 and its two-hundred day moving average is $36.82. The stock has a market cap of $436.83 million, a P/E ratio of 20.53 and a beta of 0.64. The York Water Company has a twelve month low of $30.02 and a twelve month high of $41.96. The company has a current ratio of 0.88, a quick ratio of 0.68 and a debt-to-equity ratio of 0.87.

York Water Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.2192 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.89%. This is a boost from York Water’s previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, December 31st. York Water’s dividend payout ratio is presently 58.78%.

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.