6,400 Shares in The York Water Company (NASDAQ:YORW) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new stake in The York Water Company (NASDAQ:YORW) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 6,400 shares of the utilities provider’s stock, valued at approximately $211,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp grew its holdings 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 acquiring an additional 40,746 shares during the last quarter. Barclays PLC increased its stake in York Water by 297.0% in the 3rd quarter. Barclays PLC now owns 22,371 shares of the utilities provider’s stock worth $838,000 after purchasing an additional 16,736 shares in the last quarter. Johnson & White Wealth Management LLC purchased a new position in York Water in the 4th quarter worth about $828,000. JPMorgan Chase & Co. raised its holdings in York Water by 78.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,368 shares of the utilities provider’s stock worth $1,138,000 after buying an additional 13,339 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in York Water by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 116,666 shares of the utilities provider’s stock valued at $4,370,000 after buying an additional 2,828 shares in the last quarter. Institutional investors and hedge funds own 49.86% of the company’s stock.

York Water Stock Performance

York Water stock opened at $33.66 on Tuesday. The York Water Company has a fifty-two week low of $29.86 and a fifty-two week high of $41.96. The firm’s 50 day simple moving average is $33.23 and its 200-day simple moving average is $34.27. 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 has a market cap of $484.33 million, a P/E ratio of 22.74 and a beta of 0.65.

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 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 analyst estimates of $19.00 million. As a group, equities research analysts predict that The York Water Company will post 1.43 EPS for the current year.

York Water Announces Dividend

The firm 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 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Friday, February 28th. York Water’s payout ratio is 61.27%.

York Water Company 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.