Arrowstreet Capital Limited Partnership lifted its position in shares of The York Water Company (NASDAQ:YORW – Free Report) by 36.2% during the 1st quarter, Holdings Channel reports. The firm owned 326,730 shares of the utilities provider’s stock after purchasing an additional 86,917 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in York Water were worth $9,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently modified their holdings of the company. Advisory Services Network LLC acquired a new position in York Water during the third quarter worth approximately $31,000. Parallel Advisors LLC lifted its position in shares of York Water by 589.5% in the third quarter. Parallel Advisors LLC now owns 1,179 shares of the utilities provider’s stock valued at $36,000 after buying an additional 1,008 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of York Water by 62.4% during the 4th quarter. Farther Finance Advisors LLC now owns 1,148 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 441 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of York Water by 86.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,411 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 656 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of York Water by 189.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,533 shares of the utilities provider’s stock worth $49,000 after acquiring an additional 1,004 shares during the last quarter. 49.86% of the stock is owned by institutional investors.
York Water Price Performance
York Water stock opened at $30.97 on Friday. The York Water Company has a 12 month low of $28.26 and a 12 month high of $34.30. The stock’s 50 day moving average is $30.43 and its 200-day moving average is $31.14. The company has a current ratio of 0.72, a quick ratio of 0.60 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $502.02 million, a price-to-earnings ratio of 21.07 and a beta of 0.61.
York Water Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, June 30th. York Water’s dividend payout ratio (DPR) is 61.90%.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of York Water in a report on Wednesday, June 17th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, York Water has an average rating of “Hold”.
Check Out Our Latest Report on YORW
York Water Profile
York Water Company (NASDAQ: YORW) is an investor-owned regulated water utility headquartered in York, Pennsylvania. Founded in 1816, it is the oldest publicly traded water utility in the United States. The company’s principal operations involve the collection, treatment and distribution of potable water to residential, commercial and industrial customers under rate schedules approved by the Pennsylvania Public Utility Commission.
York Water Company’s service territory covers portions of south-central Pennsylvania, including York County and neighboring Adams and Franklin counties.
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