York Water (NASDAQ:YORW) Trading Up 2.5%

The York Water Company (NASDAQ:YORWGet Rating) was up 2.5% on Friday . The stock traded as high as $46.34 and last traded at $46.34. Approximately 927 shares were traded during trading, a decline of 98% from the average daily volume of 41,927 shares. The stock had previously closed at $45.22.

York Water Stock Performance

The company has a current ratio of 0.69, a quick ratio of 0.59 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $633.73 million, a PE ratio of 33.64 and a beta of 0.45. The firm’s 50-day simple moving average is $43.41 and its two-hundred day simple moving average is $42.17.

York Water Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a dividend of $0.1949 per share. This represents a $0.78 annualized dividend and a yield of 1.76%. The ex-dividend date is Thursday, September 29th. York Water’s payout ratio is 59.09%.

Hedge Funds Weigh In On York Water

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Zimmer Partners LP boosted its stake in shares of York Water by 1,571.2% during the 2nd quarter. Zimmer Partners LP now owns 626,713 shares of the utilities provider’s stock valued at $25,338,000 after buying an additional 589,213 shares during the period. Eaton Vance Management acquired a new stake in shares of York Water during the 1st quarter valued at $5,649,000. Penn Capital Management Company LLC boosted its stake in shares of York Water by 652.0% during the 1st quarter. Penn Capital Management Company LLC now owns 56,888 shares of the utilities provider’s stock valued at $2,482,000 after buying an additional 49,323 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of York Water by 243.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 66,267 shares of the utilities provider’s stock valued at $2,678,000 after buying an additional 47,000 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of York Water by 56.1% during the 2nd quarter. Victory Capital Management Inc. now owns 87,321 shares of the utilities provider’s stock valued at $3,530,000 after buying an additional 31,372 shares during the period. 45.82% of the stock is currently owned by hedge funds and other institutional investors.

York Water Company Profile

(Get Rating)

The York Water Company impounds, purifies, and distributes drinking water. It owns and operates three wastewater collection systems; five 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 nine groundwater wells that supply water to customers in the Adams County.

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