The York Water Company $YORW Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC cut its stake in shares of The York Water Company (NASDAQ:YORW) by 9.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 188,282 shares of the utilities provider’s stock after selling 20,143 shares during the quarter. ProShare Advisors LLC’s holdings in York Water were worth $5,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in YORW. AlphaQuest LLC lifted its holdings in shares of York Water by 700.0% during the second quarter. AlphaQuest LLC now owns 1,232 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 1,078 shares during the period. CWM LLC increased its stake in shares of York Water by 70.4% in the second quarter. CWM LLC now owns 2,593 shares of the utilities provider’s stock worth $82,000 after acquiring an additional 1,071 shares during the period. Signaturefd LLC raised its holdings in shares of York Water by 349.3% during the first quarter. Signaturefd LLC now owns 3,608 shares of the utilities provider’s stock worth $125,000 after purchasing an additional 2,805 shares during the last quarter. Ballentine Partners LLC acquired a new position in York Water during the second quarter valued at $229,000. Finally, EntryPoint Capital LLC acquired a new position in York Water during the first quarter valued at $239,000. Hedge funds and other institutional investors own 49.86% of the company’s stock.

York Water Price Performance

Shares of York Water stock opened at $32.11 on Friday. The firm has a market cap of $463.51 million, a PE ratio of 23.44 and a beta of 0.74. The York Water Company has a twelve month low of $29.68 and a twelve month high of $36.60. The company has a quick ratio of 0.80, a current ratio of 1.00 and a debt-to-equity ratio of 0.93. The business has a 50-day moving average price of $31.15 and a 200 day moving average price of $31.69.

York Water (NASDAQ:YORW) last issued its quarterly earnings results on Thursday, November 6th. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts predict that The York Water Company will post 1.43 earnings per share for the current fiscal year.

York Water Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid 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 yield of 2.7%. York Water’s dividend payout ratio (DPR) is currently 62.59%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on YORW shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of York Water in a research note on Wednesday, October 8th. Wall Street Zen upgraded York Water from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, York Water presently has an average rating of “Hold”.

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.