Ellevest Inc. Boosts Holdings in The York Water Company (NASDAQ:YORW)

Ellevest Inc. lifted its stake in The York Water Company (NASDAQ:YORW) by 12.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,441 shares of the utilities provider’s stock after purchasing an additional 623 shares during the period. Ellevest Inc.’s holdings in York Water were worth $225,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of YORW. Bank of New York Mellon Corp lifted its position in shares of York Water by 1.5% in the 1st quarter. Bank of New York Mellon Corp now owns 79,907 shares of the utilities provider’s stock worth $3,594,000 after purchasing an additional 1,147 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in shares of York Water by 17.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,415 shares of the utilities provider’s stock worth $558,000 after purchasing an additional 1,852 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of York Water by 6.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 19,389 shares of the utilities provider’s stock worth $872,000 after purchasing an additional 1,171 shares during the period. MetLife Investment Management LLC increased its stake in shares of York Water by 45.7% in the 1st quarter. MetLife Investment Management LLC now owns 7,444 shares of the utilities provider’s stock worth $335,000 after acquiring an additional 2,334 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of York Water by 4.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 95,471 shares of the utilities provider’s stock worth $4,294,000 after acquiring an additional 4,401 shares in the last quarter. 48.36% of the stock is owned by hedge funds and other institutional investors.

York Water Stock Up 6.6 %

Shares of York Water stock opened at $38.82 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.84 and a quick ratio of 0.67. The company has a 50-day moving average of $37.72 and a 200 day moving average of $40.56. The firm has a market cap of $555.90 million, a price-to-earnings ratio of 24.42 and a beta of 0.60. The York Water Company has a 1 year low of $35.24 and a 1 year high of $47.23.

York Water Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were paid a dividend of $0.2027 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.81 dividend on an annualized basis and a yield of 2.09%. York Water’s dividend payout ratio is currently 50.94%.

Analyst Upgrades and Downgrades

YORW has been the subject of several research reports. StockNews.com initiated coverage on shares of York Water in a research note on Thursday, October 5th. They issued a “hold” rating for the company. TheStreet lowered shares of York Water from a “b-” rating to a “c+” rating in a research note on Thursday, October 5th.

York Water Profile

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