UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stake in The York Water Company (NASDAQ:YORW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of The York Water Company (NASDAQ:YORW) by 15.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,544 shares of the utilities provider’s stock after selling 4,380 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.16% of York Water worth $882,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Quest Partners LLC acquired a new position in York Water during the second quarter worth about $102,000. SG Americas Securities LLC purchased a new stake in shares of York Water during the second quarter worth about $123,000. Nisa Investment Advisors LLC raised its position in shares of York Water by 18,424.0% in the second quarter. Nisa Investment Advisors LLC now owns 4,631 shares of the utilities provider’s stock valued at $173,000 after buying an additional 4,606 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of York Water during the second quarter valued at approximately $238,000. Finally, GSA Capital Partners LLP acquired a new stake in York Water during the third quarter worth approximately $268,000. Hedge funds and other institutional investors own 49.86% of the company’s stock.

York Water Stock Performance

NASDAQ YORW opened at $33.41 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.68 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $480.24 million, a PE ratio of 22.57 and a beta of 0.63. The business’s 50-day moving average price is $35.88 and its 200 day moving average price is $37.31. The York Water Company has a twelve month low of $33.32 and a twelve month high of $41.96.

York Water Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.2192 per share. This is a positive change from York Water’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend is Tuesday, December 31st. York Water’s dividend payout ratio is presently 58.78%.

Analysts Set New Price Targets

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

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.