Dimensional Fund Advisors LP Sells 13,706 Shares of The York Water Company (NASDAQ:YORW)

Dimensional Fund Advisors LP decreased its holdings in The York Water Company (NASDAQ:YORW) by 3.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 372,608 shares of the utilities provider’s stock after selling 13,706 shares during the quarter. Dimensional Fund Advisors LP owned 2.59% of York Water worth $13,820,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. CWM LLC lifted its position 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 purchasing an additional 474 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of York Water by 237.0% in 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 in the last quarter. Mather Group LLC. purchased a new stake in shares of York Water during the second quarter valued at approximately $106,000. BNP Paribas Financial Markets lifted its holdings in York Water by 6.6% during the first quarter. BNP Paribas Financial Markets now owns 13,107 shares of the utilities provider’s stock worth $475,000 after acquiring an additional 810 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in York Water by 14.4% in the first quarter. Russell Investments Group Ltd. now owns 122,388 shares of the utilities provider’s stock worth $4,439,000 after purchasing an additional 15,362 shares during the last quarter. 49.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

York Water Stock Up 0.0 %

York Water stock opened at $36.48 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.78 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $523.85 million, a P/E ratio of 21.46 and a beta of 0.63. The firm has a 50 day moving average price of $38.52 and a 200-day moving average price of $37.38. The York Water Company has a twelve month low of $33.32 and a twelve month high of $41.96.

York Water (NASDAQ:YORW) last announced its quarterly earnings data on Friday, August 2nd. The utilities provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.10). York Water had a net margin of 31.27% and a return on equity of 10.32%. The firm had revenue of $18.75 million for the quarter, compared to the consensus estimate of $19.00 million. As a group, equities analysts predict that The York Water Company 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, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.2108 per share. This represents a $0.84 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Monday, September 30th. 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.