Domani Wealth LLC purchased a new stake in York Water Co (NASDAQ:YORW) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 5,813 shares of the utilities provider’s stock, valued at approximately $208,000.
A number of other institutional investors also recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC increased its holdings in shares of York Water by 3.0% during the first quarter. Janney Montgomery Scott LLC now owns 12,618 shares of the utilities provider’s stock worth $433,000 after purchasing an additional 369 shares during the period. Legal & General Group Plc increased its holdings in shares of York Water by 21.4% during the fourth quarter. Legal & General Group Plc now owns 2,516 shares of the utilities provider’s stock worth $80,000 after purchasing an additional 443 shares during the period. Advisor Group Inc. increased its holdings in shares of York Water by 103.8% during the fourth quarter. Advisor Group Inc. now owns 954 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 486 shares during the period. Citigroup Inc. increased its holdings in shares of York Water by 14.5% during the fourth quarter. Citigroup Inc. now owns 4,527 shares of the utilities provider’s stock worth $145,000 after purchasing an additional 574 shares during the period. Finally, Cadence Capital Management LLC increased its holdings in shares of York Water by 1.8% during the first quarter. Cadence Capital Management LLC now owns 36,786 shares of the utilities provider’s stock worth $1,262,000 after purchasing an additional 635 shares during the period. 36.56% of the stock is currently owned by hedge funds and other institutional investors.
Shares of YORW traded up $0.10 during mid-day trading on Friday, hitting $35.75. 547 shares of the company’s stock were exchanged, compared to its average volume of 19,172. York Water Co has a 52 week low of $28.95 and a 52 week high of $36.86. The stock has a 50-day moving average of $35.37. The stock has a market capitalization of $462.67 million, a price-to-earnings ratio of 34.33 and a beta of 0.23. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.73 and a current ratio of 0.83.
York Water (NASDAQ:YORW) last posted its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). The firm had revenue of $11.83 million for the quarter, compared to analyst estimates of $12.00 million. York Water had a return on equity of 10.88% and a net margin of 27.96%. Sell-side analysts forecast that York Water Co will post 1.1 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $0.1733 per share. The ex-dividend date was Thursday, June 27th. This represents a $0.69 annualized dividend and a dividend yield of 1.94%. York Water’s dividend payout ratio is 66.35%.
Several brokerages have recently commented on YORW. Zacks Investment Research raised shares of ZovioInc . from a “sell” rating to a “hold” rating in a report on Sunday, July 14th. BidaskClub cut shares of Ames National from a “hold” rating to a “sell” rating in a report on Wednesday, July 17th. Finally, Janney Montgomery Scott cut shares of Avid Bioservices from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $10.00 to $5.00 in a report on Thursday, May 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. York Water currently has a consensus rating of “Hold” and a consensus price target of $37.00.
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.
Further Reading: Golden Cross
Want to see what other hedge funds are holding YORW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for York Water Co (NASDAQ:YORW).
Receive News & Ratings for York Water Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for York Water and related companies with MarketBeat.com's FREE daily email newsletter.