Rhumbline Advisers Purchases 6,519 Shares of The York Water Company (NASDAQ:YORW)

Rhumbline Advisers increased its position in The York Water Company (NASDAQ:YORW) by 35.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,123 shares of the utilities provider’s stock after purchasing an additional 6,519 shares during the quarter. Rhumbline Advisers owned approximately 0.18% of York Water worth $932,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its holdings in shares of York Water by 18,424.0% during the second quarter. Nisa Investment Advisors LLC now owns 4,631 shares of the utilities provider’s stock valued at $173,000 after acquiring an additional 4,606 shares during the period. SG Americas Securities LLC bought a new position in shares of York Water during the second quarter valued at $123,000. CWM LLC lifted its holdings in shares of York Water by 37.5% during the second quarter. CWM LLC now owns 1,738 shares of the utilities provider’s stock valued at $64,000 after acquiring an additional 474 shares during the period. Mather Group LLC. bought a new position in shares of York Water during the second quarter valued at $106,000. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in shares of York Water by 237.0% during the first quarter. CANADA LIFE ASSURANCE Co now owns 6,106 shares of the utilities provider’s stock valued at $221,000 after acquiring an additional 4,294 shares during the period. 49.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised York Water from a “sell” rating to a “hold” rating in a report on Friday, August 30th.

York Water Stock Performance

Shares of NASDAQ:YORW opened at $37.92 on Tuesday. The York Water Company has a twelve month low of $33.32 and a twelve month high of $41.96. The firm has a market cap of $543.96 million, a PE ratio of 22.31 and a beta of 0.64. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.61 and a current ratio of 0.78. The business has a fifty day moving average of $39.17 and a 200-day moving average of $37.31.

York Water (NASDAQ:YORW) last announced its earnings results on Friday, August 2nd. The utilities provider reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.10). York Water had a net margin of 31.27% and a return on equity of 10.32%. The business had revenue of $18.75 million during the quarter, compared to analyst estimates of $19.00 million. On average, equities research analysts predict that The York Water Company will post 1.43 EPS for the current fiscal year.

York Water Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.2108 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.22%. York Water’s dividend payout ratio (DPR) is presently 49.41%.

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.