Teacher Retirement System of Texas Boosts Holdings in The York Water Company $YORW

Teacher Retirement System of Texas increased its position in The York Water Company (NASDAQ:YORW) by 55.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,868 shares of the utilities provider’s stock after purchasing an additional 5,334 shares during the period. Teacher Retirement System of Texas owned approximately 0.10% of York Water worth $470,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in York Water by 2.4% in the first quarter. Vanguard Group Inc. now owns 870,459 shares of the utilities provider’s stock worth $30,188,000 after buying an additional 20,385 shares during the last quarter. Zimmer Partners LP increased its position in shares of York Water by 1.4% during the first quarter. Zimmer Partners LP now owns 757,623 shares of the utilities provider’s stock valued at $26,274,000 after acquiring an additional 10,680 shares in the last quarter. Invesco Ltd. raised its holdings in York Water by 36.8% in the 1st quarter. Invesco Ltd. now owns 85,086 shares of the utilities provider’s stock worth $2,951,000 after acquiring an additional 22,866 shares during the last quarter. Nuveen LLC bought a new position in York Water in the 1st quarter valued at approximately $2,349,000. Finally, CenterBook Partners LP boosted its stake in York Water by 172.3% during the 1st quarter. CenterBook Partners LP now owns 58,365 shares of the utilities provider’s stock valued at $2,024,000 after purchasing an additional 36,932 shares during the last quarter. 49.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c-)” rating on shares of York Water in a research note on Wednesday, October 8th. Wall Street Zen raised York Water from a “sell” rating to a “hold” rating in a research report on Sunday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

York Water Stock Performance

YORW stock opened at $32.07 on Monday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.00 and a quick ratio of 0.80. The York Water Company has a 1 year low of $29.68 and a 1 year high of $37.68. The company has a market cap of $462.48 million, a P/E ratio of 23.41 and a beta of 0.74. The stock’s fifty day moving average price is $31.04 and its 200-day moving average price is $31.72.

York Water (NASDAQ:YORW) last posted its earnings results on Thursday, November 6th. The utilities provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. The company had revenue of $20.36 million for the quarter, compared to the consensus estimate of $21.00 million. York Water had a return on equity of 8.50% and a net margin of 25.83%. On average, equities analysts forecast that The York Water Company will post 1.43 earnings per share for the current year.

York Water Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $0.2192 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.7%. York Water’s dividend payout ratio (DPR) is presently 62.59%.

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.