The York Water Company (NASDAQ:YORW) Shares Sold by Verition Fund Management LLC

Verition Fund Management LLC trimmed its stake in The York Water Company (NASDAQ:YORWGet Rating) by 7.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,000 shares of the utilities provider’s stock after selling 1,500 shares during the quarter. Verition Fund Management LLC’s holdings in York Water were worth $809,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of YORW. BNP Paribas Arbitrage SA grew its holdings in shares of York Water by 20.7% in the 4th quarter. BNP Paribas Arbitrage SA now owns 4,748 shares of the utilities provider’s stock worth $236,000 after acquiring an additional 813 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of York Water by 33.9% in the 4th quarter. Principal Financial Group Inc. now owns 8,780 shares of the utilities provider’s stock worth $437,000 after acquiring an additional 2,222 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of York Water in the fourth quarter worth $307,000. Summit Global Investments acquired a new stake in shares of York Water in the fourth quarter worth $687,000. Finally, Addison Capital Co boosted its position in shares of York Water by 5.6% in the first quarter. Addison Capital Co now owns 5,990 shares of the utilities provider’s stock worth $269,000 after buying an additional 315 shares during the period. 45.82% of the stock is currently owned by institutional investors and hedge funds.

York Water Stock Performance

Shares of York Water stock opened at $42.34 on Thursday. The stock has a market cap of $604.06 million, a PE ratio of 32.08 and a beta of 0.45. The business has a fifty day simple moving average of $43.57 and a 200-day simple moving average of $42.14. The company has a quick ratio of 0.59, a current ratio of 0.69 and a debt-to-equity ratio of 0.54. The York Water Company has a 12 month low of $37.52 and a 12 month high of $49.89.

York Water Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a $0.1949 dividend. The ex-dividend date is Thursday, September 29th. This represents a $0.78 annualized dividend and a dividend yield of 1.84%. York Water’s dividend payout ratio (DPR) is presently 59.09%.

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.

See Also

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Institutional Ownership by Quarter for York Water (NASDAQ:YORW)

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