Bank of New York Mellon Corp Has $3.84 Million Stock Position in The York Water Company (NASDAQ:YORW)

Bank of New York Mellon Corp grew its holdings in shares of The York Water Company (NASDAQ:YORW) by 19.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 117,264 shares of the utilities provider’s stock after acquiring an additional 19,238 shares during the period. Bank of New York Mellon Corp’s holdings in York Water were worth $3,837,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC grew its holdings in shares of York Water by 17.9% during the fourth quarter. SG Americas Securities LLC now owns 6,605 shares of the utilities provider’s stock valued at $216,000 after buying an additional 1,005 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of York Water during the third quarter valued at about $268,000. FMR LLC grew its holdings in shares of York Water by 79.9% during the third quarter. FMR LLC now owns 7,271 shares of the utilities provider’s stock valued at $272,000 after buying an additional 3,229 shares during the last quarter. D.A. Davidson & CO. acquired a new position in shares of York Water during the third quarter valued at about $341,000. Finally, PDT Partners LLC grew its holdings in shares of York Water by 7.0% during the third quarter. PDT Partners LLC now owns 10,136 shares of the utilities provider’s stock valued at $380,000 after buying an additional 663 shares during the last quarter. 49.86% of the stock is currently owned by institutional investors and hedge funds.

York Water Stock Up 0.2 %

YORW opened at $34.54 on Wednesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.88 and a quick ratio of 0.68. The company’s 50-day moving average is $32.31 and its 200 day moving average is $34.72. The York Water Company has a fifty-two week low of $29.86 and a fifty-two week high of $41.96. The firm has a market capitalization of $497.00 million, a P/E ratio of 23.34 and a beta of 0.61.

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

York Water Dividend Announcement

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

York Water Profile

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.