York Water (NASDAQ:YORW) Shares Up 3.1% – Here’s What Happened

The York Water Company (NASDAQ:YORW) shares traded up 3.1% on Friday . The company traded as high as $34.74 and last traded at $34.85. 20,322 shares were traded during mid-day trading, a decline of 63% from the average session volume of 55,579 shares. The stock had previously closed at $33.79.

York Water Trading Up 2.6 %

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 company has a fifty day moving average price of $32.70 and a two-hundred day moving average price of $34.53. The firm has a market capitalization of $499.01 million, a price-to-earnings ratio of 23.43 and a beta of 0.61.

York Water (NASDAQ:YORW) last released its quarterly earnings data 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). York Water had a return on equity of 9.44% and a net margin of 28.57%. The company had revenue of $18.87 million for the quarter, compared to analyst estimates of $19.00 million. As a group, research analysts forecast that The York Water Company will post 1.43 earnings per share for the current fiscal year.

York Water Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, February 28th will be given a dividend of $0.2192 per share. This represents a $0.88 annualized dividend and a yield of 2.53%. The ex-dividend date is Friday, February 28th. York Water’s payout ratio is currently 61.27%.

Institutional Trading of York Water

Several hedge funds have recently made changes to their positions in YORW. State Street Corp lifted its holdings 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 acquiring an additional 40,746 shares during the last quarter. ProShare Advisors LLC raised its position in York Water by 21.6% in the fourth quarter. ProShare Advisors LLC now owns 226,339 shares of the utilities provider’s stock valued at $7,406,000 after purchasing an additional 40,199 shares during the period. Zimmer Partners LP lifted its stake in shares of York Water by 5.2% in the 4th quarter. Zimmer Partners LP now owns 746,943 shares of the utilities provider’s stock valued at $24,440,000 after purchasing an additional 37,076 shares during the last quarter. Johnson & White Wealth Management LLC purchased a new position in shares of York Water during the 4th quarter worth $828,000. Finally, Bank of New York Mellon Corp increased 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 worth $3,837,000 after purchasing an additional 19,238 shares during the last quarter. Hedge funds and other institutional investors own 49.86% of the company’s stock.

York Water Company 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.