BNP Paribas Arbitrage SA lowered its position in York Water Co (NASDAQ:YORW) by 40.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,604 shares of the utilities provider’s stock after selling 1,083 shares during the period. BNP Paribas Arbitrage SA’s holdings in York Water were worth $57,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in York Water by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 441,459 shares of the utilities provider’s stock valued at $14,153,000 after buying an additional 2,535 shares during the last quarter. First Trust Advisors LP boosted its position in York Water by 5.1% in the second quarter. First Trust Advisors LP now owns 123,356 shares of the utilities provider’s stock valued at $4,406,000 after buying an additional 5,979 shares during the last quarter. Penn Capital Management Co. Inc. purchased a new stake in York Water in the first quarter valued at approximately $3,074,000. Cadence Capital Management LLC boosted its position in York Water by 1.8% in the first quarter. Cadence Capital Management LLC now owns 36,786 shares of the utilities provider’s stock valued at $1,262,000 after buying an additional 635 shares during the last quarter. Finally, Creative Planning boosted its position in York Water by 13.6% in the second quarter. Creative Planning now owns 25,126 shares of the utilities provider’s stock valued at $898,000 after buying an additional 3,000 shares during the last quarter. Hedge funds and other institutional investors own 37.12% of the company’s stock.
YORW has been the topic of several recent research reports. Zacks Investment Research restated a “buy” rating and issued a $42.00 price objective on shares of York Water in a research report on Sunday, September 8th. BidaskClub lowered York Water from a “buy” rating to a “hold” rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. York Water currently has an average rating of “Buy” and an average target price of $39.50.
Shares of YORW stock traded up $0.20 during trading hours on Friday, hitting $39.27. 1,483 shares of the company’s stock were exchanged, compared to its average volume of 19,996. The company has a quick ratio of 0.82, a current ratio of 0.91 and a debt-to-equity ratio of 0.74. The firm has a market cap of $510.25 million, a P/E ratio of 37.49 and a beta of 0.17. The firm has a 50 day moving average of $37.17 and a two-hundred day moving average of $35.32. York Water Co has a fifty-two week low of $29.10 and a fifty-two week high of $39.20.
York Water (NASDAQ:YORW) last posted its quarterly earnings data on Friday, August 2nd. The utilities provider reported $0.28 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.28. York Water had a return on equity of 11.06% and a net margin of 28.21%. The firm had revenue of $13.05 million during the quarter, compared to the consensus estimate of $12.00 million. On average, equities analysts forecast that York Water Co will post 1.13 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.173 dividend. This represents a $0.69 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Friday, September 27th. York Water’s dividend payout ratio (DPR) is presently 66.35%.
About York Water
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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