Creative Planning lowered its stake in shares of York Water Co (NASDAQ:YORW) by 13.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,650 shares of the utilities provider’s stock after selling 3,476 shares during the period. Creative Planning owned 0.17% of York Water worth $945,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tortoise Capital Advisors L.L.C. boosted its stake in York Water by 2,848.8% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 1,209 shares of the utilities provider’s stock worth $43,000 after buying an additional 1,168 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in York Water during the second quarter worth $50,000. Bank of Montreal Can boosted its stake in York Water by 160.6% during the second quarter. Bank of Montreal Can now owns 1,751 shares of the utilities provider’s stock worth $63,000 after buying an additional 1,079 shares during the last quarter. Bessemer Group Inc. boosted its stake in York Water by 186.7% during the second quarter. Bessemer Group Inc. now owns 2,150 shares of the utilities provider’s stock worth $77,000 after buying an additional 1,400 shares during the last quarter. Finally, Aperio Group LLC acquired a new position in York Water during the second quarter worth $119,000. 36.97% of the stock is currently owned by institutional investors.
YORW has been the topic of a number of recent research reports. ValuEngine lowered York Water from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. BidaskClub lowered York Water from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Zacks Investment Research reissued a “hold” rating on shares of York Water in a research note on Saturday, October 12th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. York Water currently has a consensus rating of “Hold” and an average target price of $39.50.
Shares of York Water stock opened at $41.50 on Tuesday. York Water Co has a 52 week low of $29.88 and a 52 week high of $45.73. The business’s fifty day simple moving average is $43.15 and its 200-day simple moving average is $37.81. The firm has a market cap of $553.28 million, a PE ratio of 39.90 and a beta of 0.17. The company has a quick ratio of 0.82, a current ratio of 0.91 and a debt-to-equity ratio of 0.74.
York Water (NASDAQ:YORW) last announced its quarterly earnings results on Thursday, November 7th. The utilities provider reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.03. York Water had a return on equity of 11.06% and a net margin of 28.21%. The business had revenue of $13.68 million for the quarter, compared to analyst estimates of $13.00 million. As a group, equities analysts expect that York Water Co will post 1.13 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.173 dividend. This represents a $0.69 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Friday, September 27th. York Water’s dividend payout ratio (DPR) is presently 66.35%.
York Water Profile
The York Water Company impounds, purifies, and distributes drinking water. It also owns and operates three wastewater collection systems and two wastewater treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. In addition, the company has a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns seven wells that supply water to its customers in Carroll Valley Borough and Cumberland Township, Adams County.
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