SG Americas Securities LLC Purchases New Holdings in The York Water Company (NASDAQ:YORW)

SG Americas Securities LLC bought a new position in The York Water Company (NASDAQ:YORW) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,712 shares of the utilities provider’s stock, valued at approximately $143,000.

Several other large investors have also bought and sold shares of YORW. Morgan Stanley raised its holdings in York Water by 108.4% in the fourth quarter. Morgan Stanley now owns 243,765 shares of the utilities provider’s stock worth $10,965,000 after buying an additional 126,806 shares during the last quarter. Eaton Vance Management bought a new stake in shares of York Water in the first quarter worth approximately $5,649,000. BlackRock Inc. grew its stake in shares of York Water by 6.9% in the second quarter. BlackRock Inc. now owns 1,344,346 shares of the utilities provider’s stock worth $55,481,000 after acquiring an additional 86,532 shares during the period. Vanguard Group Inc. grew its stake in shares of York Water by 6.8% in the third quarter. Vanguard Group Inc. now owns 905,176 shares of the utilities provider’s stock worth $34,786,000 after acquiring an additional 57,945 shares during the period. Finally, Penn Capital Management Company LLC grew its position in York Water by 652.0% during the first 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. 49.86% of the stock is owned by hedge funds and other institutional investors.

York Water Stock Performance

Shares of NASDAQ YORW opened at $33.33 on Wednesday. The firm has a 50 day moving average of $35.56 and a 200 day moving average of $36.72. The company has a current ratio of 0.86, a quick ratio of 0.69 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $477.62 million, a price-to-earnings ratio of 20.08 and a beta of 0.60. The York Water Company has a 12-month low of $33.32 and a 12-month high of $45.61.

York Water (NASDAQ:YORW) last announced its earnings results on Tuesday, March 5th. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.06. The company had revenue of $18.10 million during the quarter, compared to analyst estimates of $17.00 million. York Water had a net margin of 33.45% and a return on equity of 11.05%. On average, research analysts anticipate that The York Water Company will post 1.61 earnings per share for the current year.

York Water Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, February 29th were given a dividend of $0.2108 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.53%. York Water’s dividend payout ratio is 50.60%.

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.