Alliancebernstein L.P. Sells 680 Shares of The York Water Company (NASDAQ:YORW)

Alliancebernstein L.P. trimmed its holdings in The York Water Company (NASDAQ:YORW) by 5.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,480 shares of the utilities provider’s stock after selling 680 shares during the period. Alliancebernstein L.P.’s holdings in York Water were worth $376,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in YORW. New Age Alpha Advisors LLC acquired a new stake in York Water during the 4th quarter valued at $41,000. AlphaQuest LLC acquired a new stake in shares of York Water during the 4th quarter worth about $160,000. KLP Kapitalforvaltning AS bought a new stake in shares of York Water during the 4th quarter worth about $211,000. SG Americas Securities LLC grew its stake in York Water by 17.9% in the 4th 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. Finally, Teacher Retirement System of Texas bought a new position in York Water in the 4th quarter valued at about $386,000. 49.86% of the stock is currently owned by institutional investors.

York Water Trading Up 0.5 %

Shares of YORW stock opened at $35.62 on Monday. The York Water Company has a 12-month low of $29.86 and a 12-month high of $41.96. The company has a market capitalization of $512.54 million, a PE ratio of 24.07 and a beta of 0.65. The firm has a 50 day moving average price of $33.88 and a two-hundred day moving average price of $34.06. The company has a quick ratio of 0.68, a current ratio of 0.88 and a debt-to-equity ratio of 0.87.

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 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 for the quarter, compared to analyst estimates of $19.00 million. As a group, analysts predict that The York Water Company will post 1.43 earnings per share for the current year.

York Water Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, February 28th were given a $0.2192 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.46%. York Water’s payout ratio is presently 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.