Quadrant Capital Group LLC Raises Stake in The York Water Company (NASDAQ:YORW)

Quadrant Capital Group LLC increased its holdings in shares of The York Water Company (NASDAQ:YORW) by 42.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,299 shares of the utilities provider’s stock after acquiring an additional 690 shares during the period. Quadrant Capital Group LLC’s holdings in York Water were worth $89,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of YORW. Bank of New York Mellon Corp increased its position in York Water by 0.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 100,432 shares of the utilities provider’s stock valued at $3,765,000 after buying an additional 440 shares in the last quarter. Swiss National Bank raised its position in shares of York Water by 1.9% in the 3rd quarter. Swiss National Bank now owns 31,400 shares of the utilities provider’s stock worth $1,177,000 after purchasing an additional 600 shares during the last quarter. Brandywine Global Investment Management LLC raised its position in shares of York Water by 1.9% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 49,500 shares of the utilities provider’s stock worth $1,856,000 after purchasing an additional 900 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in York Water by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 109,510 shares of the utilities provider’s stock worth $4,106,000 after purchasing an additional 2,826 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its position in York Water by 30.3% during the 3rd quarter. Teacher Retirement System of Texas now owns 14,001 shares of the utilities provider’s stock valued at $525,000 after purchasing an additional 3,259 shares during the last quarter. Hedge funds and other institutional investors own 49.86% of the company’s stock.

York Water Stock Down 0.4 %

Shares of York Water stock opened at $36.32 on Friday. The company has a 50-day simple moving average of $36.03 and a two-hundred day simple moving average of $36.74. The stock has a market capitalization of $521.19 million, a PE ratio of 21.36 and a beta of 0.60. The York Water Company has a 52-week low of $33.32 and a 52-week high of $45.61. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.80 and a current ratio of 0.98.

York Water (NASDAQ:YORW) last announced its quarterly earnings data on Tuesday, March 5th. The utilities provider reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates 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 33.35% and a return on equity of 11.18%. On average, analysts anticipate that The York Water Company will post 1.61 EPS for the current fiscal year.

York Water Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $0.2108 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.84 annualized dividend and a yield of 2.32%. York Water’s payout ratio is 49.41%.

About York Water

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.