AlphaQuest LLC Takes $160,000 Position in The York Water Company (NASDAQ:YORW)

AlphaQuest LLC acquired a new stake in The York Water Company (NASDAQ:YORW) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,904 shares of the utilities provider’s stock, valued at approximately $160,000.

Several other large investors have also made changes to their positions in YORW. Proficio Capital Partners LLC bought a new stake in shares of York Water in the fourth quarter worth about $434,000. Charles Schwab Investment Management Inc. increased its holdings in shares of York Water by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 117,405 shares of the utilities provider’s stock worth $3,841,000 after purchasing an additional 739 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of York Water by 19.6% in the fourth quarter. Bank of New York Mellon Corp now owns 117,264 shares of the utilities provider’s stock worth $3,837,000 after purchasing an additional 19,238 shares during the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of York Water by 26.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 78,026 shares of the utilities provider’s stock worth $2,553,000 after purchasing an additional 16,209 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of York Water by 6.4% in the fourth quarter. Rhumbline Advisers now owns 25,755 shares of the utilities provider’s stock worth $843,000 after purchasing an additional 1,560 shares during the last quarter. 49.86% of the stock is currently owned by hedge funds and other institutional investors.

York Water Trading Down 0.5 %

Shares of YORW stock opened at $34.47 on Tuesday. The York Water Company has a 12-month low of $29.86 and a 12-month high of $41.96. The company has a current ratio of 0.88, a quick ratio of 0.68 and a debt-to-equity ratio of 0.87. The stock’s 50-day moving average price is $32.25 and its 200-day moving average price is $34.75. The stock has a market capitalization of $495.99 million, a price-to-earnings ratio of 23.29 and a beta of 0.61.

York Water (NASDAQ:YORW) last issued its earnings results on Tuesday, March 4th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). York Water had a return on equity of 9.44% and a net margin of 28.57%. The firm had revenue of $18.87 million during the quarter, compared to the consensus estimate of $19.00 million. Equities research analysts predict that The York Water Company will post 1.43 EPS for the current fiscal year.

York Water Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.2192 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.88 annualized dividend and a yield of 2.54%. York Water’s payout ratio is currently 61.27%.

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.