State Street Corp Buys 40,746 Shares of The York Water Company (NASDAQ:YORW)

State Street Corp grew its holdings in The York Water Company (NASDAQ:YORW) by 9.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 473,568 shares of the utilities provider’s stock after buying an additional 40,746 shares during the quarter. State Street Corp owned approximately 3.30% of York Water worth $17,835,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of YORW. Quest Partners LLC purchased a new position in York Water in the 2nd quarter worth approximately $102,000. SG Americas Securities LLC purchased a new stake in shares of York Water during the second quarter worth about $123,000. The Manufacturers Life Insurance Company bought a new stake in shares of York Water during the second quarter valued at approximately $238,000. GSA Capital Partners LLP purchased a new stake in York Water in the 3rd quarter worth $268,000. Finally, FMR LLC lifted its position in shares of York Water by 79.9% in the third quarter. FMR LLC now owns 7,271 shares of the utilities provider’s stock worth $272,000 after buying an additional 3,229 shares in the last quarter. 49.86% of the stock is owned by hedge funds and other institutional investors.

York Water Trading Down 1.0 %

Shares of NASDAQ YORW opened at $33.11 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.88 and a debt-to-equity ratio of 0.87. The business has a fifty day simple moving average of $35.83 and a two-hundred day simple moving average of $37.29. The firm has a market cap of $475.92 million, a PE ratio of 22.37 and a beta of 0.63. The York Water Company has a twelve month low of $32.76 and a twelve month high of $41.96.

York Water Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.2192 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.65%. This is an increase from York Water’s previous quarterly dividend of $0.21. York Water’s payout ratio is presently 58.78%.

Wall Street Analysts Forecast Growth

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

York Water 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.