The York Water Company (NASDAQ:YORW) Short Interest Update

The York Water Company (NASDAQ:YORW) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 145,400 shares, a decline of 20.8% from the February 28th total of 183,700 shares. Based on an average daily volume of 71,600 shares, the short-interest ratio is currently 2.0 days. Currently, 1.0% of the shares of the company are short sold.

York Water Price Performance

Shares of YORW opened at $34.66 on Monday. The firm has a fifty day simple moving average of $32.77 and a two-hundred day simple moving average of $34.45. The firm has a market cap of $498.72 million, a PE ratio of 23.42 and a beta of 0.61. The company has a current ratio of 0.88, a quick ratio of 0.68 and a debt-to-equity ratio of 0.87. York Water has a 1-year low of $29.86 and a 1-year high of $41.96.

York Water (NASDAQ:YORW) last posted its quarterly earnings data on Tuesday, March 4th. The utilities provider reported $0.36 EPS 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 analysts’ expectations of $19.00 million. On average, equities analysts anticipate that York Water will post 1.43 EPS for the current year.

York Water Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, February 28th will be paid a $0.2192 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Friday, February 28th. York Water’s dividend payout ratio (DPR) is presently 61.27%.

Hedge Funds Weigh In On York Water

A number of institutional investors and hedge funds have recently made changes to their positions in YORW. Zimmer Partners LP increased its holdings in York Water by 5.2% during the fourth quarter. Zimmer Partners LP now owns 746,943 shares of the utilities provider’s stock valued at $24,440,000 after buying an additional 37,076 shares during the last quarter. State Street Corp increased its stake in shares of York Water by 9.4% in the 3rd quarter. State Street Corp now owns 473,568 shares of the utilities provider’s stock worth $17,835,000 after purchasing an additional 40,746 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of York Water by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 343,279 shares of the utilities provider’s stock worth $12,862,000 after purchasing an additional 3,082 shares in the last quarter. ProShare Advisors LLC raised its holdings in York Water by 21.6% in the 4th quarter. ProShare Advisors LLC now owns 226,339 shares of the utilities provider’s stock worth $7,406,000 after purchasing an additional 40,199 shares during the period. Finally, Northern Trust Corp lifted its position in York Water by 3.7% during the fourth quarter. Northern Trust Corp now owns 150,485 shares of the utilities provider’s stock valued at $4,924,000 after purchasing an additional 5,344 shares in the last quarter. Hedge funds and other institutional investors own 49.86% of the company’s stock.

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.